New Delhi: On Thursday, Muthoot Finance Limited mentioned that the non-banking finance firm (NBFC) is partnering with fintech startup NIRA to amp up its digital footprint. The partnership will enable the agency to supply salaried prospects personal loans value up to Rs 1 lakh.
If you’re trying to take a personal mortgage from Muthoot, then you definately want to obtain the NIRA app from the Google Play retailer. You can apply for a personal mortgage on the app. It is essential to observe that NIRA, a Bengaluru-based fintech agency, gives small ticket personal loans to salaried employees from India`s center class.
The lending-tech startup affords loans to debtors with month-to-month revenue as little as Rs 12,000 monthly. Joining palms with Muthoot Finance will assist the startup develop its unsecured lending ebook.
Commenting on the event, Pradeep, Head of Personal Loan Department, Muthoot Finance Limited mentioned, “We are excited to have this tie-up to enhance our personal loan growth with quality. Muthoot Finance is also aggressively moving towards an end-to-end digital process, and this tie-up is one of the initiatives in the same direction.”
Rohit Sen, CEO and co-founder at NIRA mentioned: “We are delighted to add Muthoot as a partner in our roster of funders. Muthoot is a trusted brand Pan-India, and trust is a vital ingredient in the provision of financial services. This partnership bolsters our ability to continue our mission of providing accessible formal credit at affordable rates and in a timely manner to India`s mass market,” he mentioned.
– With inputs from ANI
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