Airtel Payments Bank partnered with Muthoot Finance to offer gold

Airtel Payments Bank has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app. There will be no-processing charge on the loan. Muthoot Finance will provide up to 75 per cent of the pledged gold value as a loan. The loan facility will also be available at the 5 lakh banking points for Airtel Payments Bank.

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Under the Partnership:

The partnership will give access to secured and affordable credit to customers looking for quick liquidity against their gold assets.
The latest offering, which will add to Airtel Payments Bank’s digital banking product portfolio, would enable easy credit access for the payments bank’s customers.
With this partnership, Airtel Payments Bank customers can get hassle-free gold loans with zero processing fees from Muthoot Finance.
Muthoot Finance gives as much as 75 per cent of the pledged gold value as a loan. Customers get doorstep disbursals for loan amounts of Rs 50,000 and above.

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