Realme PaySa comes with four key features – free credit report, personal loans, business loans, and screen insurance.
With the credit report feature, you can get up to three free credit reports in three months in less than a minute. Realme has partnered with CreditMantri to offer this service.
The platform also offers personal loans from INR8,000 ($115/€100) to INR1,000,000 ($14,000/€12,630) which require limited paperwork. You have the option to repay the amount in three to 12 months.
Realme is also offering loans of up to INR100,000,000 ($1.4M/€1.26M) to businesses, with the repayment tenure ranging from one to five years.
Lastly, you can buy screen insurance for your new and old Realme smartphone through PaySa, and submit up to two claims per year.
Realme said that it will store all the data in India and will adhere to the highest standards of IT security. The company will also offer customer support through chat from within the PaySa app, which is currently in beta and can be downloaded from here.