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NIRA partners with Muthoot Finance to provide personal loans

Muthoot Finance Limited has announced that it is collaborating with fintech start-up NIRA as part of its plan to grow its digital footprint. 

Through this collaboration, salaried clients can avail personal loan of a maximum of INR 1 lakh from Muthoot by downloading the NIRA app from the Google play store.

NIRA is a Bengaluru-based fintech granting personal loans to salaried workers across the country’s middle class. They grant loans to customers starting with INR 12,000 per month. 

This tie-up will help NIRA achieve its objective of extending access to formal credit across India, while Muthoot Finance will develop on its plan to grow digitally.

Established as a private limited company in 1997, Muthoot Finance is the biggest gold loan Non-Banking Financial Company in India, apart from being a pan India financial corporation. Besides financing gold transactions, the company offers money transfers, foreign exchange services, travel and tourism services, and wealth management services. 

The company has 4,400 branches in India, with its headquarters in Kerala. Outside India, Muthoot Finance has a presence in the US, UK, and UAE.

NIRA co-founders Rohit Sen and Nupur Gupta have an extensive experience in the financial space. Their collaboration with Muthoot Finance will immensely benefit several people.

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