Airtel payment bank has started offering credit to its customers. Bank customers can now apply to gold loan from Muthoot Finance a la Airtel Thanks app. The partnership allows Airtel Payments Bank customers to obtain gold loans with zero processing fees from Muthoot Finance. Offering the maximum value, Muthoot Finance offers up to 75% of the value of gold pledged as a loan. Customers receive home disbursements for loan amounts of Rs 50,000 or more.
Anyone can get gold loans by pledging gold jewelry they own against financial aid. This, the company says, eliminates the hassle of breaking an existing investment, especially for a short-term requirement. The loan amount can be used for any personal or business requirement. In addition, the gold remains secured by the institution until the loan is repaid.
Through the Airtel Thanks app, customers can apply for small loan amounts from Rs 3000 and for a short duration from a minimum of seven days. The flexible payment option is intended to allow the customer to make partial payments or complete payments before the due date at no additional charge.
Customers can also apply for a Gold loan by visiting Airtel Payments Bank’s 500,000 neighborhood banking points.
How To Apply For A Gold Loan In Three Easy Steps:
* Log in to the Airtel Thanks app and go to the Banking section
* Click on the gold loan icon and enter the required information (location, loan amount and duration)
* Give the necessary permissions to share details with the Muthoot Finance team
The Muthoot Finance team will connect with the customer to process the request.