Swiggy and PayU Finance Unveil Flexible Loan Solution for Restaurant Partners

In a strategic move, Swiggy has announced a partnership with PayU Finance, the NBFC arm of PayU, to provide credit solutions to its restaurant partners starting from the next financial year. The collaboration aims to achieve an annualized run rate of Rs 300 crore in credit disbursements in the next fiscal year and a total of Rs 1,000 crore within three years.

The partnership offers customized unsecured credit solutions of up to Rs 25 lakh by PayU Finance, leveraging Swiggy's network insights. The flexible repayment model features an Equated Weekly Installment (EWI) structure, starting at 18 per cent per annum with zero foreclosure penalties. Restaurant partners can apply for these loans through the 'Instant Loan' section on the Swiggy Partner app, with the entire process executed and processed through the PayU platform.

This embedded credit solution is expected to significantly boost the growth of Swiggy's restaurant partners by enabling them to invest confidently in expansion, equipment, and innovation. Swiggy is committed to building a comprehensive financial ecosystem that will support the long-term success of every restaurant partner on its platform.