Salaried prospects shall be ready tp avail private mortgage of as much as Rs 1 lakh from Muthoot
The Muthoot Finance Limited on Thursday introduced its collaboration with fintech NIRA as a part of its technique to strengthen its digital footprint. Through this partnership, salaried prospects can avail private mortgage of as much as Rs 1 lakh from Muthoot by downloading the NIRA app from Google’s Play retailer. NIRA is a Bengaluru-based fintech providing small ticket private loans to salaried staff from India’s center class. They supply loans to debtors beginning at incomes as little as Rs 12,000 per thirty days. This partnership will assist Muthoot Finance construct its unsecured lending e book.
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.
