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MICRO FINANCE PRODUCTS

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LIFE BETTERMENT SOLUTIONS

 

EDUCATION LOAN

Muthoot Shiksha loan is designed to support the primary and secondary education of borrowers’ children.

Loan Amount Rs. 30,000
Tenure 104 weeks / 24 months
Rate of Interest 22.00 % p.a. (Diminishing)
Processing Fee 1%

MOBILE PHONE LOAN

We have entered into agreements with retailers and distributors for the financing of mobile phones purchased by our borrowers.

Loan Amount Rs. 6,691
Tenure 52 weeks / 12 months
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%

SOLAR LIGHTING PRODUCT LOAN

In light of our customers’ need for solar lighting products, we have entered into agreements for the financing of solar lanterns purchased by our borrowers.

Loan Amount Rs. 2,270
Tenure 30 weeks / 8 months
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%

BICYCLE LOAN

We have entered into agreements for the financing of bicycles purchased by our borrowers.

Loan Amount Rs. 4,532
Tenure 52 weeks / 12 months
Rate of Interest 24 % p.a. (Diminishing)
Processing Fee 1%