Jio Financial Services Limited (JFSL) has launched a new version of the JioFinance app. It brings new features such as loans against assets, insurance facilities, etc. Users can also open a new Jio Payments Bank account instantly using e-KYC. Here are the details.
JioFinance App: Loans, Insurance, Bank Account Management, and More
The beta version of the JioFinance app was launched in May 2024 marking the entry of Jio in the financial sector in collaboration with BlackRock. The latest version has introduced stability improvements and new facilities based on the feedback provided by early users.
The JioFinance app now offers loans on mutual funds, home loans, balance transfer facilities in home loans, and loans against property. JSFL has partnered with several NBFCs to provide loans at competitive interest rates. Users can apply for loans and check their eligibility online using their PAN card in a fully digital manner.
Along with loans, the JioFinance app can also keep track of your mutual fund holdings across various asset management companies (AMC), folios, and stock brokers. Users can quickly look at the app to get real-time information on the valuation of their investment holdings.
The app has also expanded the availability of Jio Payments Bank to all people. Users can quickly open an online bank account with a virtual debit card, UPI, online transfer, passbook, and other features. It also offers smart features enabling users to track their recurring expenses.
Other services such as mobile recharge, utility bill payments, etc. have also been revamped as more vendors and businesses have been onboarded on the platform. The JioFinance app now serves as a one-stop solution for users to manage their finances, bank accounts, loans, and other needs.
The latest version of the JioFinance is now available on the Google Play Store and the Apple App Store. It is a free app and does not require any payment or subscription fees to access the finance management features.
