You can avail a personal loan for an amount as low as Rs. Microfinance is an agent of economic change and we make it available to rural and semi-urban people aiming to become business owners. We are focused on providing microfinance loans to women customers, predominantly in the rural areas.… read more We follow the Joint Liability Group (JLG) model of microfinance, where women are organised into groups of 5-10. Visit your nearest Muthoot Microfin Ltd branch or contact on our toll free number 1800 102 1616 to know more. An automobile is a symbol of style for many, and a matter of convenience for the one who owns it. Our processes are also simple and quick, thus, bringing direct and local aid, and financial services to your doorstep, Muthoot Blue plays a key role in improving education, living standard, nutrition & health of their families, we are providing them easy access to microloans. A self-employed person should make a net profit of Rs 1,20,000 per annum. She used the first cycle Micro finance loan of ₹10,000 from that On-line. Our aim for microfinance in India: Applying for Microfinance in India through us is very simple: The easiest way to apply for Microfinance is to be a part of the Joint Liability Group (JLG). 18,000 Muthootians serving millions of customers, Find your nearest Muthoot Fincorp branch now. Or just call us now. Each member mutually backs the guarantee of the other. NBFC Muthoot Finance said the demand for gold loan is consistently rising. It is the only meaningful way to eradicate poverty and help create a powerful economic and social effects. It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts. ... Read More, I am yajanthi from Mugapur West near Chennai in Tamil Nadu a few years back, I had been running from one bank to another hoping to get a small microfinance loan for the expansion of my business but everyone turned me down as I have nothing to provide them as collateral security. In Alappuzha district, women are employed in various stages of coir production, right from the peeling of coconut husk to the making of ropes from fine fibre. Download link has been sent to you mobile number. Moving in step with the digital era where people find the 'Online' medium more convenient to make transactions and payments, Muthoot Finance India, India's largest gold loan company has launched its new online interest payment service ‘Muthoot WebPay’. Motilal Oswal: Muthoot Finance’s Gold Loan Business On Strong Footing Motilal Oswal Financial Services; Bookmark. The guarantee of each member is undertaken by the other members. Unfortunately, a few years later both became ill and were unable to continue the business. "@context": "https://schema.org", Alison Brie Recollects Her Main Hannah Montana Accent Fail – E! Discounted rates could be applicable for applicants from large companies, government sector employees, etc. Muthoot Finance personal loan interest rate starts at 14.50% p.a. ... Read More. A couple of years back, the family expenses began to increase and they faced frequent financial difficulties. An existing member of the JLG may recommend you as a new member eligible for a microfinance loan. Once the loan is taken to buy an automobile, the customer makes monthly payments to repay the same over the period chosen under the auto loan scheme. Irrespective of the fact where you pay your amount, the final collection of the pledged gold will have to be from the initial branch where it was pledged. In fact, Devi has been doing the business for many years, but due to lack of financial management skills and borrowing money from local lenders at high interest kept her burdened without savings. Gangamma was looking for a small micro finance loan to raise working capital but had never worked with any micro finance company or banks, as she never had Income requirements will vary across loan categories and whether you are salaried or self-employed. Last Name. All you have to do is call on 1800-102-1616 and choose your desired language to converse. However, her association with Muthoot Microfin a subsidiaries of Muthoot Fincorp three years ago changed things for good for the housewife turned micro entrepreneur with Muthoot Fincorp micro financing. Visit your nearest Muthoot Blue branch to get a loan quickly and without any hassle. A combination of a few factors makes us your preferred partner for auto loans: Understanding your needs, we offer flexible repayment options. Muthoot Fincorp has auto finance options for up to 100% of the on-road price of the vehicle purchased including two-wheeler and used car. With the support of Muthoot Microfin, Geetha and company didn’t have to look far when they decided to At that time, I learned about Muthoot Microfin subsidiaries of Muthoot Fincorp from a friend and decided to avail micro financing loan from Our Company does not ever demand any fee/money against recruitment nor for the application/interview process. Please contact our customer care representative at 1800-102-1616 for details. Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. PAN Number * House/Building Name * Street/Area Name. and easy EMIs. ... Read More, I am Dhanalakshmi from Thirunellai in Palakkad, a 44-year-old mother of two children, believes that determination and perseverance are the key drivers of success. Deepa wanted to be a small, artisanal producer with the ability to experiment and make changes to her products to Walk into any Muthoot Fincorp branch or apply online for your auto loan. To get an auto loan, the following documents are needed: At Muthoot Fincorp, the interest rates for Two Wheeler Loan start as low as 0.99%* per annum and  8.99%* per annum for used car loans. … read more Additionally, we make the loan more attractive with low down payment options and flexible EMIs schemes. CIN: U65929KL1997PLC011518 | GST Number: 32AACCM1453E2Z1 | Contact ID: Terms and Conditions of Appointment of Independent Directors. but, she was confused about what business to do. ... Read More, For the last 3 years, Geetha from Anikode in Palakkad district of Kerala along with 3 other women from her neighbourhood successfully runs a canteen at Palakkad municipal premises with the support of Muthoot Microfin subsidiaries of Muthoot Fincorp. Shylaja in order to raise enough money to buy machinery approached a local micro finance company. The eligibility criteria vary as per the applicant’s employment status. Enquire Now for Gold & Silver Bars on EMI Precious Metals, #RestartIndia – Free Mentoring Platform for MSMEs, Download NCD Public Issue Interest Certificate. Please visit the used car loans page and two wheeler loan page to know more. "@type": "Organization", Managing director George Alexander Muthoot instructed FE the corporate is . MUTHOOT FINANCE LTD. Reg Office: 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Banerji Road, Kochi 682 018, Kerala, India, CIN: L65910KL1997PLC011300, RBI Regn. By choosing the options I authorize Muthoot Fincorp Limited and other Muthoot Pappachan Group companies (including its Agents/representatives) to communicate with me on their product offering, promotions & services through Telephone, Mobile, SMS, WhatsApp & Email. Gold loans by Muthoot Finance allow you to access funds in lieu of your gold jewellery, ornaments, etc. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. First-hand account of customer experiences, 41 year old Ambika Chitravani, a traditional weaver from the locality was also forced to try other options as her family, consisting of her husband and three children, struggled to make both ends meet with the paltry income from weaving. Gold loan payment online. "duration": "PT0M40S", You can use Muthoot Finance Home Loan EMI Calculator for ascertaining your monthly repayment amount that you have to incur on your Home Loan.You can also assess the monthly interest to be payable with … Generally, a higher interest rate results in higher EMI payouts over the tenure of the loan. We are a reputed … Our loan to value is among the best in the industry with 100% on Two Wheelers under specific… read more schemes and up to 90% on Used Car. Managing director George Alexander Muthoot told FE the company is adding new customers to its gold loan business on a daily basis with small businesses and traders preferring it for a quick loan. Avail gold loan online through Muthoot Online in easy steps. Microfinance loans from Muthoot Fincorp (via its subsidiary, Muthoot Microfin Ltd.) is an effective way to bridge the gap. ... Read More, Forty-six-year-old Shylaja from Keerikkadu near Kayamkulam is one among them. So save both time and efforts and make Muthoot Finance Ltd loan payment instantly on Paytm. All these needs can be easily fulfilled by this loan facility. Do not respond to such mails. Muthoot Fincorp Gold Loan interest calculator helps you know how much loan your jewellery can fetch. The mother of two children runs her shop in Paraiyadi street, Thenkasi with microfinance loans from Muthoot Microfin subsidiaries of Muthoot Fincorp. We will get back to you. Multiple studies show that rather than one-time access to capital, multiple access to microcredit can help people earn a steady and sustainable income. "@context": "https://schema.org", Visit any Muthoot Fincorp branch for more details. Visit any Muthoot Fincorp branch or call us on 1800-102-1616 for complete information. I have been running this shop for many years. Call us on 1800-102-1616 now for more information on gold, business or auto finance. After discussion with her husband, they got an idea of opening a stationery shop. Muthoot Microfin Ltd provides thrift credit and other financial services and products of small ticket size to lower segment of customers predominantly in rural areas, semi urban and urban areas. ... Read More, Thirty-year-old housewife turned entrepreneur Bismi M from Thenkasi in Tamil Nadu greets customers with a bright smile at her fancy shop. "name": "Muthoot Fincorp", Enquire Now for Gold & Silver Bars on EMI Precious Metals, #RestartIndia – Free Mentoring Platform for MSMEs, Download NCD Public Issue Interest Certificate, Passport / Ration card / Voter ID / Driving License / Electricity or Landline bill issued within the previous 3 months / Registered Rental Agreement, Driving License / Voters ID Card / Passport / Ration Card / Driving License / Photo Credit Card /. You can check out the option that best suits your needs. Borrowers can check personal loan eligibility on the basis of below mentioned parameters: Eligibility for Salaried Individual. Or just call us now. Access to credit for the marginalised sections of the society, Enables access to education and healthcare for people who do not have access and/or affordability, Improves income and nutrition for families, especially women, Smaller loans do not burden the individual and family and repayment is in easy installments, An entrepreneur once successful will hire others, and it will lead to job and wealth creation, Significant economic gains for the nation as a whole. Owning a two-wheeler has never been this easy. Our customer care representative will get in touch as soon as possible to complete the formalities. After marriage and giving birth to twin sons, she wished to earn something of her own and provide good education to their growing children. She and her husband are fruit vendors in the nearby market. At the dealership, spot the Muthoot Blue representative for best consultation and they will help you complete the loan application with no hassle. Contact 1800-102-1616 for details. "@type": "ImageObject", Two-wheeler loans from Muthoot Capital, that are facilitated by Muthoot Fincorp carry attractive interest rates, flexible tenures, and loan amount covering up to 100% of the ex-showroom price of your two-wheeler. The provision to provide small loans to small ticket borrowers is called Microfinance. Home; News. The marginalised sections and people with low incomes traditionally do not access to banks due to a myriad of reasons. Two Wheeler Loan by Muthoot Capital. ... Read More, Subaida Mohammed Ali, aged 41 years is a resident of Thenkara, in Palakkad District of Kerala. Muthoot Fincorp has over 3600 branches across India with an average walk in of over 1,00,000 customers per day. Girija had tried to open small businesses in the past to earn a living but failed mainly due to lack of capital investment. "width": 200, Our principal loan product focuses on providing our customers with income-generating loans. "@type": "ImageObject", We offer microfinance loans to women employed in economic activity. ... Read More, 18,000 Muthootians serving millions of customers, Find your nearest Muthoot Fincorp branch now. The aim of a Microfinance company is to provide access to reliable and affordable financial services to the poor, especially to women and the economically weaker section of the society. "uploadDate": "2019-02-19", Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. }, The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode. "@type": "Organization", Trending Tags. Muthoot Centre, Punnen Road, Trivandrum - 695 039. Loan Tenure: It is the period over which the loan can be repaid. The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode. Microfinance loans from Muthoot Fincorp (via its subsidiary, Muthoot Microfin Ltd.) is an effective way to bridge the gap. ranging from 12-48 months for two-wheelers and 12-60 months for second hand cars. "contentUrl": "https://www.muthootfincorp.com/product-service/auto-loan/", 50,000 with minimal documentation and quick disbursal from Muthoot Finance. Our auto loan eligibility criteria is simple because we wish to help everyone achieve freedom & benefits of mobility. At Muthoot Blue, we are committed in offering you the attractive interest rates on our loans. Luckily for her, she was introduced to a Relationship Officer of Muthoot Microfin Here, at Muthoot Finance, we understand you and offer the right solutions for your requirements. "url": "https://www.muthootfincorp.com/wp-content/uploads/2019/06/logo.png", "logo": { The joy of your dreams coming true is truly incredible! Getting two wheeler loan is easy and seamless with Muthoot Capital. On the lines of the Grameen bank scheme, Joint Liability Groups of 5-10 women is formed. Copyright © 2020 MuthootFincorp. You can choose loan tenures… read more ranging from 12-48 months for two-wheelers and 12-60 months for second hand cars. To close your Muthoot Finance gold loan, you are required to repay the principal amount and interest accrued either online or by visiting the branch office. Such loans can be granted at a rate of interest of 15% p.a. Muthoot Finance Ltd Sanctions loans only against pledge of gold ornaments. Now avail Personal Loan from Muthoot Finance, the oldest and most trusted financier in India. Since we understand how important a small loan can be to achieve entrepreneurial dreams you thought were never possible, we make the process of microfinancing easier, with simple and quick loan approval and disbursal. Income proof: Any one of the following, income tax return, form 16, pay slip, and salary credit in bank statement. We follow a very simple documentation process to enable quick approval and disbursal. Middle Name. } { They fear rejection due to non-availability of documents and previous financial records. "Muthoot Finance Personal Loan". NBFC Muthoot Finance stated the demand for gold loan is persistently rising. Make Muthoot Finance Ltd Loan EMI Payment Instantly on Paytm. She then approached many banks and other micro finance companies for the capital but all of them denied her It fulfils housing finance requirements of customers in the middle and lower income category to make their dream of owning a home come true. Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Avail bike finance to help you zip through the streets and be on time every time. ", NBFC Muthoot Finance said the demand for gold loan is consistently rising. However she never lost her confidence as she knew her talent in painting and artistry could be utilized to make some earning for her family, but the capital investment to start even a small venture remained an obstacle in front of her. Key benefits of microfinance in India include: Please call us at 1800 102 1616 to apply for a microfinance loan today. The scope for Microfinance in India is huge and can help kickstart the economy and provide entrepreneurial opportunities and employment for millions. Muthoot Blue makes the process of loan approval and disbursement quick and easy. 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