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|
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|