Saturday, July 13, 2024

Airtel Payments Bank strengthens its digital bank portfolio, offers Gold Loan on Airtel Thanks app in partnership with Muthoot Finance

Adding to its digital banking product portfolio, Airtel Payments Bank has started offering easy access to credit to its customers. The bank customers can now apply for a gold loan from Muthoot Finance within a minute on the Airtel Thanks app.

With this partnership, Airtel Payments Bank customers can get hassle-free gold loans with Zero processing
fees from Muthoot Finance. Offering maximum value, Muthoot Finance gives as high as 75% of the
pledged gold value as a loan. Customers get doorstep disbursals for loan amounts of INR 50,000 and
above.
Gold loans can be obtained by anyone by pledging gold jewelry they own against financial aid. This
removes the hassle of breaking an existing investment, especially for a short-term requirement. The loan
amount can be used for any personal or work-related requirement. In addition, the gold is kept safe by the
institution till the loan is paid off.
Through Airtel Thanks app, customers can apply for small loan amounts starting from INR 3000 and for a
small duration starting from a minimum of seven days. The flexible payment option allows the customer to
make part payments or complete payments before the maturity date with no additional charges.
Customers can also apply for a Gold loan by visiting the 500,000 neighbourhood banking points for Airtel
Payments Bank.
Mr. Ganesh Ananthanarayanan – Chief Operating Officer, Airtel Payments Bank said, “Gold Loans
are secured loans that can be availed to cater to a variety of needs, from personal to professional. We are
delighted to partner with Muthoot Finance to offer easy access to Gold Loans through Airtel Thanks App.
The flexible pay-back facility offered by Muthoot Finance makes it a great solution for customers who are
looking for either short or long-term loans. We are positive that our customers will benefit from the same.”
Speaking about the partnership, Mr. Alexander George Muthoot, Joint Managing Director of
Muthoot Finance said, “We are excited to join hands with Airtel Payments Bank to bring an effective and
inclusive lending solution for customers. The partnership will give access to secured and affordable credit
to customers looking for quick liquidity against their gold assets. We are happy to serve an extensive range
of customers across various geographies and ticket sizes.”

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