Paisabazaar, owned by PB Fintech, is building an offline distribution channel to strengthen its secured lending portfolio.
The company has deployed a field team of 100 people in Delhi, Mumbai, and Bengaluru, targeting secured credit products like home loans and loans against property.
Paisabazaar aims to expand the on-field team to 500 by this fiscal year and increase the secured credit share in the company to 50% from 15% last fiscal.
This move aligns with regulatory efforts to enhance security and compliance in India's lending ecosystem.