This facility will let customers avail credit facility of up to Rs 2 lakh to book flights, hotels, holidays or international travel.
MakeMyTrip, an online travel portal, has tied up with Capital Float, a digital lending platform, to offer travel finance for customers. This facility will let customers avail credit facility of up to Rs 2 lakh to book flights, hotels, holidays or international travel.
The programme, called MMT Travel Finance, is targeted at customers who may be low in credit preference for banks or new to credit. It will let selected customers enroll after completing a two-step registration process.
Rajesh Magow, Co-Founder and Chief Executive Officer-India, MakeMyTrip, said, "We have the capability to deploy advanced machine learning and Big Data analytics to offer easy travel finance options and help customers cut through time-consuming paperwork to sanction and process the credit. This tech-powered credit solution will help fulfil the need for access to credit for a large number of unserved or underserved customers."
Sashank Rishyasringa, Co-Founder of Capital Float, stated, "With this product, we have retained an excellent customer experience at the core of the offering, as customers can avail of zero cost travel finance from Capital Float with just a few clicks. We are thrilled to continue expanding upon our DNA of being a disruptor in the fintech space. We’ve presently pre-approved nearly 10 million customers and look forward to financing the requests of millions more on MMT."