Muthoot Finance is starting a home finance company -- Muthoot Homefin-- leveraging its resources and branch network across the country. Muthoot Homefin will start offering housing loans in Kerala from April 15 and plans to expand its services to Tamil Nadu, Karnataka and Andhra Pradesh soon. The company will offer housing loans from Rs 1 lakh to Rs 5 crore at an interest rate from 10.20 per cent up to 30 years.
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio. The company is a Systemically Important Non-deposit taking NBFC headquartered in the southern Indian state of Kerala and with its corporate office in New Delhi.
