Muthoot Finance is reportedly planning to extend its Gold Loan at Home offering from 100-plus locations to 5,400-plus branches across India. Gold Loan at Home services are now being offered in all locations in South India and most of the major cities in North India. The plans are to further scale this service across all Muthoot Finance 5400+ branches. The service allows customers to apply for a gold loan of Rs 1 lakh and above from home.
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.