Muthoot Finance has collaborated with fintech NIRA as part of its strategy to strengthen its digital footprint. Through this partnership, salaried customers can avail personal loan of up to Rs 1 lakh from Muthoot by downloading the NIRA app from Google's Play store. NIRA is a Bengaluru-based fintech offering small ticket personal loans to salaried workers from India's middle class.
They offer loans to borrowers starting at incomes as low as Rs 12,000 per month. This partnership will help Muthoot Finance build its unsecured lending book.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
