The partnership agreement was exchanged by Mathew Muthoottu, Managing Director, Muthoot MCred Ltd and PR Seshadri, Managing Director & CEO, SIB
Muthoot MCred Ltd on Friday announced its partnership with South Indian Bank (SIB) to launch a home loan offering, marking its entry into the housing finance segment.Under the partnership, SIB’s Affordable Housing Loans will be made available through select Muthoot MCred branches across various locations, enabling eligible customers to access home financing solutions closer to where they live. By combining South Indian Bank’s expertise in housing finance with Muthoot MCred’s extensive customer reach and branch network, the partnership aims to make homeownership more accessible, convenient and affordable for aspiring homeowners, said a press release.The partnership agreement was exchanged by Mathew Muthoottu, Managing Director, Muthoot MCred Ltd and P R Seshadri, Managing Director & CEO, SIB.The partnership also aligns with the Government of India’s vision of promoting affordable housing and supports flagship programmes such as Pradhan Mantri Awas Yojana and the Credit Risk Guarantee Fund Trust for Low Income Housing. Through this collaboration, both institutions aim to enable wider access to affordable home loans while creating long-term value for customers and contributing to inclusive economic growth.Published on July 17, 2026
