The JioFinance App offers financial products like loans on mutual funds, home loans with balance transfer options, and loans against property. Credit: Mercurious/Shutterstock.

The upgraded version of the JioFinance App, developed by Jio Financial Services (JFSL), has officially launched, offering a comprehensive range of digital financial services.

The app, which is available on the Google Play Store, Apple App Store, and MyJio, has been refined based on feedback from over six million users during its beta phase that launched in May 2024.

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Since the beta launch, the JioFinance App has expanded its offerings to include a variety of financial products such as loan on mutual funds, home loans with balance transfer options, and loan against property.

The loans will be offered at “competitive terms”, stated the company.

In addition to loan services, Jio Payments Bank (JPBL) offers a digital savings account that can be opened in under five minutes.

This account features biometric authentication, a physical debit card, and has already attracted over 1.5 million customers. The JPBL account facilitates routine transactions, including UPI payments, mobile recharges, and credit card bill payments.

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JFSL managing director and CEO Hitesh Sethia said: “At JFSL, our mission is to democratise access to seamless and convenient financial services by leveraging technology.

“With the refreshed JioFinance app, which is truly Made in India, and with many more new new features coming soon, we are well on our way towards becoming a trusted financial companion for the people of India, helping them fulfill their aspirations with our comprehensive suite of financial products”

The app also provides an aggregate view of users’ bank and mutual fund holdings, enhancing their ability to manage finances.

Furthermore, it offers access to 24 insurance plans, encompassing life, health, two-wheeler, and motor insurance, all available digitally.

JFSL is collaborating with its joint venture partner BlackRock to introduce innovative investment solutions to customers. This partnership aims to deliver world-class investment options through the JioFinance App.