Muthoot Finance Limited partners with NIRA

The Muthoot Finance Limited announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint. Through this partnership, salaried customers can avail personal loan of up to Rs 1 lakh from Muthoot by downloading the NIRA App from Google’s Playstore. NIRA is a Bengaluru based fintech offering small ticket personal loans to salaried workers from India’s middle class. They offer loans to borrowers starting at income as low as Rs 12,000 per month. This partnership will help Muthoot Finance build its unsecured lending book. Mr Pradeep, Head of Personal Loan Department, Muthoot Finance Limited said, “ We are excited to have this tie- up to enhance our personal loan growth with quality. Muthoot Finance is also aggressively moving towards an end – to- end digital process, and this tie up is one of the initiatives in the same direction.”