Muthoot Finance to offers loan of up to Rs 10 lakh to salaried class in Delhi & NCR

Muthoot Finance said that they have expanded their loan scheme for the customers of Delhi and NCR and will allow up to 10 Lakhs for salaried class.
 
Under this, Muthoot Finance will give personal loans of Rs 1-10 lakh at an interest rate of 13.5-23 percent to salaried class only, the company said at an event.
 
Muthoot Finance will target customers of the age group of 23-58 years and working in private, state, and central government employees to avail personal loans for 1-5 years. 
 
Customers will be evaluated based on the credit history, KYC checks & CIBIL score. 
 
The scheme aids the working class with fast and affordable sanctioning of loans without any collateral and flexible repayment options. 
The Kerala-based non-banking finance company (NBFC) has 282 branches in the national capital region. 
 
The company's asset management stood at Rs 38,303 crore at end-March 2019. 
 
The loan will be offered to customers having a minimum take-home salary of Rs 20,000 a month. 
 
Muthoot Finance said the company had disbursed loans to 67 crore customers till date and the demand remains active with a daily walk-in of 2 lakh customers to its branches across India.