JioFinance App Launched in India With Loan Offers and UPI Payments

Mukesh Ambani-led Reliance has launched JioFinance app in India. The app's beta version was introduced in 2024 and the stable version is now rolling out for all users in India. As of now, the app has surpassed over 100,000 downloads and holds a 4.5-star rating on the Play Store. With this move, Jio is all set to take on payment-services apps like PhonePe, Paytm, Google Pay, and more. 

Let's take a look at what the JioFinance app has to offer to its users. 

JioFinance App Features, Offerings

The JioFinance app offers a variety of financial services, including loans, savings accounts, UPI payments, digital insurance, and mutual funds. Notably, the home loan and loan against property features have been available since the beta release.

Users can also open a digital savings account either through biometric authentication or using a physical debit card. JioFinance claims that opening an account can be done in under five minutes.

Additionally, users can link their bank accounts with a registered phone number to make UPI payments, recharge their phones, and pay outstanding credit card bills. The app provides an overview of holdings across multiple bank accounts and mutual fund investments.

The app also includes a range of insurance services, with policies in 24 categories, such as health insurance, life insurance, and cover for two-wheelers and cars.

In the Quick Actions menu, users can check their credit score, transfer money, and pay for gas connections (LPG), DTH services, and FASTag charges. A barcode option in the top right corner allows users to quickly make payments.

Steps to Register and Use Jio Finance App

Follow the steps mentioned below to register on Jio Finance app:

1. Install the JioFinance app.
2. Tap ‘Log In’.
3. Enter the mobile number registered with your bank.
4. Tap ‘Get OTP’.
5. Allow the app to auto-read the OTP.
6. Set a biometric lock, or skip this step if you prefer to explore the app first.