Quick Answer: What Is Muthoot Blue?

What is the difference between Muthoot Finance and Muthoot Fincorp?

Just to be clear, Muthoot Fincorp and Muthoot Finance are two separate companies without any common promoters.

Muthoot Fincorp is headed by Thomas John Muthoot, while Muthoot Finance is headed by M G George Muthoot.

While the two promoters are family cousins, they have no mutual business relations..

How can I get loan from Muthoot?

If you apply for a higher loan amount, your monthly EMI will be high. Muthoot gives a minimum loan of ₹ 50,000 , which can go upto an amount of ₹ 15 Lakh. Interest rate – Higher interest rate increases your loan EMI as well as the total cost of the loan.

How can I check my muthoot gold loan status?

Muthoot Finance Ltd has introduced missed call facility for its customers to track their gold loan status. The customers can give a missed call to the particular number – 08040751515 – from their registered mobile number in order to know loan outstanding and interest due in the gold loan account.

Is Muthoot Finance under RBI?

KOCHI: Leading gold loan NBFC Muthoot Finance has received the Reserve Bank of India (RBI) sanction to set up a network of ATMs in the country. Muthoot Finance is one of the 10 non-bank players to receive RBI license to create ATM networks.

Who is the CEO of Muthoot Fincorp?

Ltd. Focused and meticulous, Preethi John has made her presence felt as one of the board directors in several companies functioning under the aegis of the Muthoot Pappachan Group.

How is interest paid in muthoot?

How to Make Muthoot Finance Online EMI Payment?Go to Muthoot Finance loan payment page on Paytm.Enter your Loan Account Number.Click on ‘Get Payable Amount’Check your payable amount and proceed with the payment with the mode of your preference.You are done with it.

Is Muthoot Finance safe?

The Muthoot Finance issue is risky since the company’s financial performance is particularly vulnerable to volatility in interest rates as well as of gold prices. The collateral against which the company offers loans may suffer erosion in value by the time principal amount is recovered.

Can we pay muthoot interest online?

Muthoot Finance has launched a new online interest payment service. Through the Muthoot WebPay, customers can pay interest on their gold loans. To facilitate this service, Muthoot has partnered with IndusInd Bank and the online payment service provider Atom Technologies, says a Muthoot Finance press statement.

How many branches does Muthoot Fincorp have?

3600 branchesWith over 3600 branches across India, we endeavour to serve over 100,000 customers a day.