New Delhi, Aug. 22 -- Google Pay has joined with L&T Finance to offer personal loan products to eligible users, the NBFC announced on Thursday.

This partnership to givepersonal loans is in line with L&T Finance's product diversification strategy and makes loans more accessible for customers in a swift, seamless, and digital manner, L&T Finance said in a statement.

The synergy is set to not only increase convenience but also play a significant role in advancing digital financial inclusion across India, empowering consumers to fulfil their financial aspirations withresponsible credit, it said.

A personal loan is unsecured borrowing, which is typically given based on the borrower's creditworthiness. Theseloans have a higher rate of intere...