Muthoot Finance and Airtel Payments Bank have entered into partnership to offer gold loans through Airtel Thanks app. There will be no-processing charge on the loan and Muthoot Finance will provide up to 75 per cent of the pledged gold value as a loan. Gold Loans are secured loans that can be availed to cater to a variety of needs, from personal to professional. The loan facility will also be available at the 5 lakh banking points for Airtel Payments Bank. The partnership will give access to secured and affordable credit to customers looking for quick liquidity against their gold assets.
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.
