Guwahati: Airtel Payments Bank has expanded its digital banking product range by providing its clients with simple access to credit. Bank clients may now apply for a gold loan from Muthoot Finance via the Airtel Thanks app in less than a minute.

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

Anyone can receive a gold loan by surrendering gold jewellery they own in exchange for financial assistance. This eliminates the need to disrupt a current investment, especially for a short-term demand. The loan amount can be utilized for any personal or professional need. Furthermore, the gold is kept secure by the institution until the loan is repaid.

Customers may apply for modest loans starting at INR 3000 and for terms starting at a minimum of seven days using the Airtel Thanks app. The flexible payment option allows the consumer to make partial or full payments before the maturity date without incurring any additional fees.

Customers can also apply for a Gold loan by visiting one of Airtel Payments Bank's 500,000 neighbourhood banking locations.

According to Mr. Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Bank, "Gold Loans are secured loans that may be used to meet a wide range of purposes, from personal to professional." We are excited to collaborate with Muthoot Finance to provide quick access to Gold Loans via the Airtel Thanks App. Muthoot Finance's diverse repayment options make it an excellent choice for consumers looking for either short-term or long-term loans. We are certain that our clients will profit as well."

Mr. Alexander George Muthoot, Joint Managing Director of Muthoot Finance, stated regarding the collaboration, "We are thrilled to join hands with Airtel Payments Bank to deliver an effective and inclusive loan solution for clients." Customers seeking immediate liquidity against their gold holdings will benefit from the partnership's access to secured and inexpensive loans.

In three easy steps, you may apply for a gold loan:

1. Open the Airtel Thanks App and navigate to the Banking area.
2. Select the Gold Loan button and provide the necessary details (location, loan amount, and tenure)
3. Grant the necessary rights to exchange information with the Muthoot Finance team.

Muthoot Finance team will connect with the customer within minutes to process the application.