Google Pay to Offer Easy Gold Loans, Partnership with Muthoot Finance
Google Pay, India's largest digital payment platform, is now going to offer a new facility to its users
prativad 
New Delhi: Google Pay, India's largest digital payment platform, is now going to offer a new facility to its users. Now you can take a loan on gold through Google Pay itself. Yes, Google Pay has partnered with Muthoot Finance, under which users will be able to take a loan on their gold even during a downturn.
What is this new feature?
Under this new feature, Google Pay users can pledge their gold with Muthoot Finance. After this, Muthoot Finance will provide a loan to the users based on the value of their gold. To avail this loan, users will have to visit their nearest Muthoot Finance branch and get their gold jewelry or gold coins verified.
What are the benefits of this feature?
- Easy and Convenient: Now users do not have to go around banks or other financial institutions to take a loan on gold. They can easily go to their nearest Muthoot Finance branch and take a loan.
- Quick Loan Disbursement: This process takes less time, so users get money instantly.
- Secure: Muthoot Finance is a trusted company and it keeps the user's gold safe.
- Flexible Repayment: Users can easily and flexibly repay the loan.
How to take a gold loan on Google Pay?
- First, update your Google Pay app.
- Select the 'Gold Loan' option in the app.
- Find your nearest Muthoot Finance branch.
- Visit the branch and get your gold jewelry or gold coins verified.
- Choose the loan amount and time period.
- Submit the required documents.
- Once the loan is approved, the money will be transferred to your Google Pay wallet.
Conclusion
This partnership between Google Pay and Muthoot Finance has made it even easier to take a gold loan in India. This facility will be very useful for those people who need money urgently and have gold.
Note: This information is for general information only and should not be taken as any financial advice. Consult your financial advisor before making any investment.
