SBI inks co-origination loan pact with Paisalo Digital Ltd.

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Paisalo Digital limited on Monday signed the first co-origination loan agreement with State Bank of India (SBI), the first agreement of its kind in the country that the SBI has signed. Introducing a platform for the last mile customer, the loan ticket is designed at Rs 10,000 to 2 lakh. The company expects to disburse 200,000 loan applications in FY20, a statement said.The company serves customers with 118 branches in rural areas, serviced by a team of persons over 1500. With business operations in Uttar Pradesh, Maharashtra, Himachal Pradesh, Gujarat, Rajasthan, Delhi, Haryana, Punjab, Uttarakhand and Bihar.

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