Muthoot Finance Limited partners with NIRA to provide personal loans – ThePrint


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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, “We 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: “We 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, ”he said. (ANI)

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