Gold loan company Muthoot Finance Ltd launched its new gold loan scheme called ‘Muthoot Advantage Loan’ offering 75 per cent of gold value loan with an initial rate of interest of 18 per cent.
Under this scheme customers can avail the loan instantly without any documentation fee, processing fee or weight deductions with the additional feature of zero appraisal charges and no pre-payment penalty as well. Customers can avail the loan at all the 4,500 branches across India by giving a missed call to mobile no 9847091119, 08067006030 or send in a SMS to Mgold to 9220092200, the company said in a statement.
George Alexander Muthoot, Managing Director, Muthoot Finance said, “This new scheme has been launched taking into consideration for bringing back old customers and also to acquire new customers for our business future growth and prospects.”