Jio Financial Limited (JFL), led by Mukesh Ambani, is preparing to launch home loans, with services currently in beta mode since May 30, 2024. This significant move was highlighted during JFL's first AGM after its August 2023 market debut.
The beta phase has already garnered over one million downloads. Alongside home loans, JFL plans to introduce loans against property and securities. Additionally, Jio Insurance Broking Limited has partnered with 31 insurance companies to offer products via the JioFinance app. Jio Payments Bank has also crossed one million CASA accounts, focusing on digital banking for retail clients and small businesses.