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MICRO FINANCE PRODUCTS

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SANITATION IMPROVEMENT LOAN

In line with Government of India’s Swachh Bharat initiative and to promote sanitation in rural villages of India; and further, to motivate our customers and their family to use proper sanitation facilities, which will lead to improved productivity and socio-economic wellbeing of the population, Muthoot Microfin has introduced Sanitation Improvement Loan. This loan can be used to renovate existing toilet or to add new facilities like improved water connection in the toilet.

Loan Amount ₹ 15,000 / ₹ 20,000
Tenure 24 weeks / 6 months
52 weeks / 12 months
Rate of Interest 25.65 % p.a. (Diminishing) w.e.f. 20 March 2020
Processing Fee 1%

WATER PURIFIER LOAN

In light of our customers’ need for water purifiers, we have entered into agreements with manufacturers for the financing of water purifiers purchased by our borrowers.

Loan Amount Rs. 2,832 / Rs. 3,201 / Rs. 4,078
Tenure 24 weeks / 6 months (Rs. 2,832)
52 weeks / 12 months (Rs. 3,201 / 4,078)
Rate of Interest 25.65 % p.a. (Diminishing) w.e.f. 21 Jan 2020
Processing Fee 1%