OLA partners with Fin-Tech Startup FlexiLoans

The online lending platform FlexiLoans Technologies has partnered with Ola, India’s most popular mobile app for transportation, to provide quick, flexible and adequate loans to Ola’s driver partners.

FlexiLoans will offer Ola’s driver-partners immediate business and need based loans upto Rs 1 lakh, with affordable monthly installments and a disbursal time of just 30 minutes. This tie up is exclusively for Ola Star drivers, which includes Ola’s top rated driver partners.

FlexiLoans has initiated this scheme in Mumbai and Bengaluru in the first-phase, and plans to partner with multiple financepartners to extend this facility to Ola’s driver partners across the country. Through this association the company aims to empower over hundreds and thousands of driverpartners on the Ola platform over the next year by helping them meet their financial requirements with ease.

Over the last two years, Ola has partnered with various car manufacturers and financial institutions to lead various initiatives for their driver-partners. Ola has associated with Indifi for personal loans and Bajaj Allianz to offer motor insurance solutions to its drivers.