[ad_1]
During the current fiscal year, the company plans to disburse Rs300 crore of personal loans, Executive Director of Muthoot Finance George M. Alexander said: Muthoot Finance, which has recently made inroads into the personal loan segment, has set a goal of realizing badets under management of Rs 3,000 in this segment of here 2023. During the current fiscal year plans to disburse Rs300 crore of personal loans, said the executive director of Muthoot Finance, George M Alexander. "We have set a goal of disbursing Rs300 crore of personal loans during the current fiscal year.In fiscal year 19, we aim to offer personal loan product in more than 20 southern cities. from India.We aim to build a portfolio of badets under management of Rs3,000 crore over the next five years by 2023, "Alexander said.
The company's personal loan products are currently available in Telangana and Andhra Pradesh. Muthoot plans to leverage its existing customer base through branch offices and direct sales teams, which will reach more and more customers. The company will also focus on employees employed by SMEs as well as large companies. "We also have products that are suitable for customers who do not have a Cibil score," he added. Anyone with a stable job and a monthly salary of 20,000 rupees or more in metropolitan areas and 10,000 rupees or more in other cities can apply for a personal loan from MFL. The interest rate starts from 14% to 21% with an average loan of Rs1-10 lakh.
Source link
