Kochi: Helping hands are reaching Kerala and flood victims. A lot of individuals have come forward and donated for the Kerala floods whereas Government has also extended its helping hands in many ways. Muthoot Finance, India’s largest gold financing company announced a zero interest and easy EMI loan to the flood-affected people of Kerala for buying the white goods.
The company to also support the flood relief initiatives announces waiving of services charges for transmitting the funds to ‘Chief Minister Relief Fund’.
The recent disaster in Kerala has affected the regular day to day activities of people. Muthoot Finance thus is in its own way helping the flood victims by providing an interest-free loan for buying various home appliances such as TV, Fridge, Washing Machine and other household items.
George Alexander Muthoot, MD, Muthoot Finance said, “We stand together to bring normalcy in people’s lives. We believe that zero interest with easy EMI loan will help families to slowly build their homes with essential necessities. Also, by waiving of the service charges the company wants to enable more and more people to unite and fight against the natural calamity”.
Legacy of Muthoot Group
With an operating history of over 78 years, Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. Kerala headquartered company is a ‘Systemically Important Non-deposit taking NBFC’.
M George Muthoot (father of Promoters of Muthoot Group) founded the gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.
Personal and business loans are provided by the company by securing gold jewellery. This is especially for those who have gold jewellery but formal credit is not accessible to them so that they could meet unanticipated or other short-term liquidity requirements.
Muthoot Finance is listed on National Stock Exchange as well as Bombay Stock Exchange.