Muthoot Finance introduces new gold loan scheme ‘Muthoot Advantage Loan’

Muthoot Finance has introduced its new gold loan scheme called ‘Muthoot Advantage Loan’ offering 75 per cent of gold value loan with an initial rate of interest of 18 per cent.

Under this scheme customers can avail the loan instantly without any documentation fee, processing fee or weight deductions with the additional feature of zero appraisal charges and no pre-payment penalty as well.

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.