ONE Muthoot launches Gold Loan From Home in five cities
Bengaluru: ONE Muthoot, an SBU of Muthoot FinCorp Ltd., recently launched Gold Loan From Home (GLFH) in Mumbai, Kolkata, Trivandrum & Kochi, in addition to its current operations in Bangalore. This is a first of its kind offering from the Muthoot FinCorp Ltd.
The introduction of GLFH gives customers complete control over their finances and avail Gold Loans like never before. Through this service, customers can easily apply for and obtain Gold Loans from the comfort of their own homes.
Along with Muthoot Fincorp’s 3600+ branches pan India, customers now have the option to avail Gold Loans From Homes in these five cities.The company plans to take this service to 50 plus tier 1 and metro cities by the end of 2023. This unique phygital approach by ONE Muthoot, prioritises customer needs and ensures maximum convenience, security and safety for all.
Chandan Khaitan, Chief Executive Officer, ONE Muthoot, said, “Our vision at ONE Muthoot is to provide a one-stop solution for all financial needs of individuals and MSMEs. We aim to transform the Indian lending sector by using data backed phygital approach. With GLFH we aim to carry forward the Muthoot Pappachan Group (MPG) group’s philosophy of keeping the customer at the centre of all our offerings, by providing them with a digital first, easily accessible service.”
He further added, “With our recent city launches for GLFH in Mumbai, Kolkata, Trivandrum and Kochi, we believe that this offering will provide delight to our customers and allow them to use Gold Loan service at their convenience, from the comfort of their homes like never before.”
Bangalore was the first city to pilot GLFH in August 2022. Following its success, ONE Muthoot planned to expand it to four more cities. Bangalore, Mumbai, Kolkata, Kochi, and Trivandrum are the cities where GLFH is currently available. A total of 50 plus tier 1 and metro cities are in the pipeline to be added by the end of 2023 according to ONE Muthoot.
With the introduction of GLFH, ONE Muthoot is all set to revolutionise the Indian lending industry and democratise financial inclusion and access for all.
