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Eyeing SMEs, Muthoot Finance Launches New Loan Scheme
December 04, 2017
Muthoot, which is one of the largest gold finance firms in India, has launched a new loan scheme that focuses on the Small and Medium Enterprises (SME) and aims to fulfill their capital requirements.
George Muthoot Alexander, company executive director Muthoot Finance said that under the new scheme, gold loans above Rs. 10 lakhs will be provided at an interest rate of 12%.
Alexander that the customers can apply for the loans from any of its 4,200 branches across India. He also said that the firm can provide loans in 10 to 15 minutes.
