Bangalore (Karnataka) [India], May 6 (ANI): The Muthoot Finance Limited on Thursday announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint.
Thanks to this partnership, employee clients can benefit from a personal loan of up to Rs 1 lakh from Muthoot by downloading the NIRA application from the Google Play Store.
NIRA is a Bengaluru-based fintech that provides low-cost personal loans to middle-class salaried workers in India. They offer loans to borrowers starting with income as low as Rs 12,000 per month. This partnership will help Muthoot Finance build its portfolio of unsecured loans.
Commenting on the development, Pradeep, Head of Personal Loans Department, Muthoot Finance Limited, said, âWe are delighted to have this partnership to enhance the growth of our quality personal loans. Muthoot Finance is also aggressively moving towards an end-to-end digital process, and this merger is one of the initiatives in the same direction.
Rohit Sen, CEO and Co-Founder of NIRA said: âWe are delighted to add Muthoot as a partner to our list of funders. Muthoot is a pan-Indian trust mark, and trust is an essential ingredient in the provision of financial services. This partnership strengthens our ability to continue our mission of providing affordable and timely formal credit to the Indian mass market, âhe said. (ANI)
This story is automatically generated from a syndicated feed. ThePrint is not responsible for its content.
Subscribe to our channels on YouTube and Telegram
Why the news media is in crisis and how to fix it
India is all the more in need of free, fair, uninhibited and questioning journalism as it is facing multiple crises.
But the news media are in a crisis of their own. There have been brutal layoffs and pay cuts. The best of journalism is shrinking, giving in to crass spectacle in prime time.
ThePrint employs the best young reporters, columnists and editors. Supporting journalism of this quality requires smart, thoughtful people like you to pay the price. Whether you live in India or abroad, you can do it here.
Support our journalism