Muthoot Finance’s subsidiary company -- Muthoot Homefin is aiming to disburse Rs 700 crore loans in the next financial year to cater to the affordable housing segment. The company has disbursed over Rs 2,600 crore over the past five years since its inception.
For the coming year, in addition to further penetration into the existing geographies, Muthoot Homefin also plans to expand its operations in the southern states of India and aims to disburse up to Rs 700 crore of home loans in FY 2021-22.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
