Airtel Payments Bank Partners with Muthoot Finance to Offer Gold Loans on Airtel Thanks App

Airtel Payments Bank customers can now apply for a gold loan from Muthoot Finance in a minute on the Airtel Thanks app.

The latest offering, which will add to Airtel Payments Bank’s portfolio of digital banking products, would enable easy access to credit for payment banking customers.

Through this partnership, Airtel Payments Bank customers can get hassle-free gold loans with no processing fees from Muthoot Finance. Muthoot Finance provides up to 75% of the value of the pledged gold as a loan. Customers receive door-to-door disbursements for loan amounts of ₹50,000 and above.

No additional costs

Through the Airtel Thanks app, customers can apply for small loans starting from ₹3,000 and for short term from a minimum of seven days. The flexible payment option allows the customer to make partial payments or full payments before the due date at no additional cost.

Customers can also apply for a gold loan by visiting any of the 500,000 neighborhood banking outlets for Airtel Payments Bank.

Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said in a statement: “Gold Loans are secured loans that can be used to meet a variety of needs, from personal to professional. We are delighted to partner with Muthoot Finance to provide easy access to Gold Loans through the Airtel Thanks App. The flexible repayment facility offered by Muthoot Finance makes it a great solution for clients looking for short or long term loans. We are confident that our customers will benefit from the same.

Alexander George Muthoot, co-CEO of Muthoot Finance, said, “We are delighted to partner with Airtel Payments Bank to bring an efficient and inclusive lending solution to customers. The partnership will provide access to secure and affordable credit for clients looking for quick cash against their gold assets. We are happy to serve a wide range of customers in different geographies and ticket sizes.

Published on

June 02, 2022

James V. Hayes