Muthoot Finance to disburse loans at zero processing fee

Loan repayment lock in period reduced to one day
Muthoot Finance, the pioneer in 'Retail Gold Finance' and the largest player in this segment worldwide, has announced waiver of the processing fee on its various loan schemes. The hassle free loans which are available at minimal interest rates now also come without a lock in period. Under the scheme, a user will have to pay interest only for the time elapsed, irrespective of the original loan period.
Highlighting the consumer focus approach, Mr. M G George Muthoot, Chairman, The Muthoot Group said "We continuously endeavour to make our products more user focussed and customer friendly. The scheme will be especially beneficial for short term borrowers who till date had to pay interest for a minimum lock in period while repaying loan."
"With a non stringent time period and easy repayment options, urgent loan requirements can also be easily met with this scheme." added Mr. M G George Muthoot.
On repaying the loan earlier than scheduled, borrowers will not have to pay for any pre payment/part payment charges. Apart from the simple documentation process and the flexible schemes available, there are no hidden charges while availing loans from Muthoot Finance.
About Muthoot Finance
Muthoot Finance, the flagship company of the 122 year old The Muthoot Group, A Muthoot M. George Enterprise, is the pioneer in 'Retail Gold Finance' and is the largest player in this segment worldwide. In continuation of its tradition in revolutionizing the retail gold finance, it has conceptualized '5-Minute Gold Power Loans'. Various services such as Money Transfer, Foreign Exchange, Gold Coins, Mutual Funds, Travel Services are available at over 1100 Muthoot Finance Branches spread across 20 states in the country.
For more information, please log on to www.muthootfinance.com