airtel payments bank gold loan

Users of Airtel Payments Bank can now apply for a gold loan from Muthoot Finance in less than a minute using the Airtel Thanks app.

Customers of Airtel Payments Bank may now get hassle-free gold loans from Muthoot Finance with no processing costs. Muthoot Finance lends up to 75% of the gold value pledged as a loan, ensuring maximum value. For loan amounts of Rs 50,000 and above, customers receive doorstep disbursals.

Airtel Payments Bank and Muthoot Finance Partnership for Gold Loan

Anyone can get a gold loan by putting gold jewellery they own as collateral against financial aid. This avoids the inconvenience of terminating an existing investment, which is especially useful for short-term needs. The loan money can be utilised for any personal or professional need. The gold is also kept safe by the institution until the loan is paid off, according to the company.

Customers can apply for small loans starting at Rs 3000 and for a short period of time starting at seven days through the Airtel Thanks app. With the flexible payment option, the customer can make partial or full payments before the maturity date without incurring any additional fees. Customers can also apply for a Gold loan at one of Airtel Payments Bank’s 500,000 neighbourhood banking facilities.

Following are the processes to apply for a Gold Loan:

  • Go to the Banking section of the Airtel Thanks App after logging in.
  • Enter the relevant information by clicking on the Gold Loan symbol (location, loan amount, tenure)
  • Give the necessary rights to exchange information with the Muthoot Finance team.

Within minutes, a member of the Muthoot Finance team will contact the customer to process the application.

Also read: UltraTech announces Rs 12,886-crore investment plan, which sends cement stocks lower

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