Muthoottu Mini Financiers launches Protected Lock Gold Mortgage

NEW DELHI: Gold is among the many most prized property Indian households usually possess. To maintain it secure, it’s best to maintain gold in a secured locker. To be able to allow clients to safeguard their bodily gold at an inexpensive value, Muthoottu Mini Financiers, one of many main non-banking finance corporations (NBFC) in India,has launched Protected Lock Gold Mortgage, a first-of-its-kind facility that permits clients to avail the advantages of a locker by pledging any amount of gold for a minimal mortgage quantity of 100.

The Protected Lock Gold Mortgage facility has been launched to make sure that clients obtain the advantage of inexpensive and handy option to safe their bodily gold whereas acquiring a minimal mortgage quantity. The annual expenses for utilising this facility is 300, making it a cheap. Clients could have insurance coverage protection for pledged gold jewelry, which is likely one of the distinctive elements of Protected Lock Gold Mortgage. The primary good thing about this product is that clients can apply for credit score based mostly on their gold saved within the secure lock, which may be obtained at any time by on-line and offline channels and repaid on-line or offline as per the shopper’s comfort.

“With Protected lock Gold Mortgage, we intend to empower and safeguard bodily gold of each particular person with the additional advantage of availing a mortgage quantity. We try to grasp our clients‘ wants and direct our valued companies as per their necessities in these altering occasions. We’re effectively on our method to turning into essentially the most most well-liked and one-stop monetary companies supplier for the widespread man throughout India,” stated Mathew Muthoottu, managing director, Muthoottu Mini Financiers.

The Protected lock Gold Mortgage facility will likely be out there in choose branches of Muthoottu Mini Financiers throughout zones in the intervening time and will likely be made out there in all of the 840 plus branches of Muthoottu Mini Financiers unfold throughout Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, UP, Goa and the Union Territory of Pondicherry by the mid of November 2022.

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