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MICRO FINANCE PRODUCTS

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Health and Hygiene

SANITATION LOAN

According to the latest census, more than 50% households in India are without sanitation facility, giving way to major health problems for the total community. Muthoot Fincorp with more than 12,00,000 microfinance clients and strong presence in rural and semi urban sectors of the country plans to offer sanitation loan for the disadvantaged community. Lack of financing facility for individual sanitation development has created a space for such a product. Finance will be provided to client for construction of hygienic and cost effective toilets at their households.

Loan Amount Rs. 12,800
Tenure 52 weeks
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%

Induction Stove

Millions of underprivileged houses in India lack clean and efficient cooking solutions that can improve livelihoods, empower women and protect our environment. Keeping this in mind Muthoot Microfin has tied up with major vendors to finance our clients for Induction stoves through easy credit facilities.

Prestige Induction Stove Combo

Loan Amount Rs. 4450
Tenure 52 weeks
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%

TTK Induction Stove

Loan Amount Rs. 2067
Tenure 30 weeks
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%

TTK Popular Plus Cooker

Loan Amount Rs. 1549
Tenure 30 weeks
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%

No extra charges applicable.