For the home loan customers the Muthoot Finance has planned to launch a product ‘Home Down Payment Loan'. This product will assist the customers in availing home loan easily. It will offer them with the facility of finance margin money needed to avail of home loans.
Many people face problem while going for the home loan because they are required to pay 20% margin. In order to resolve their problem the Muthoot finance has come up with this product that will help the customers to avail the home loan. Muthoot finance’s product Ho.me Down payment loan will look after the margin money issue.
With repayment period of five years, this product has been designed for the down payment of a new property or renovation. In addition to this keeping the customer needs in mind the company has launched a consumer that will offer the customers with the facility to buy consumer goods with credit card options. The company will offer lower interest rates in comparison to others.