Muthoot Capital Services has reportedly entered into used car financing, in a slow progression from its core business of two-wheeler credit. The company disbursed over 12 lakh loans for two-wheelers in last 10 years.
Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.
