The Safe Lock Gold Loan facility has been introduced to ensure that customers get the added benefit of an affordable and convenient option to secure their physical gold while availing a minimum loan amount. The annual fee for using this facility is Rs 300, which makes it a cost-effective solution for the customers. The customer will have insurance coverage for the pledged gold jewellery, which is one of the distinctive aspects of the Safe Lock Gold Loan. The main advantage of this product is that customers can apply for credit based on their gold kept in the vault, which can be availed anytime through online and offline channels and online or offline as per the convenience of the customer. can be repaid.
Speaking about the launch, Mr. Mathew Muthoottu, Managing Director, Muthoottu Mini The financiers said, “Customers have always been the cornerstone of all our initiatives. We are committed to provide the best services to our clients empowerment them to meet their financial needs through our innovative schemes. With Safe Lock Gold Loan, we intend to strengthen and safeguard the physical gold of every individual with the added benefit of availing the loan amount. We strive to understand the needs of our clients and guide our valuable services as per their requirements in these changing times. We are on our way to become the most preferred and one-stop financial services provider for the common man across India.”
The Safe Lock Gold Loan facility will currently be available at select branches of Muthoottu Mini Financiers across all regions and at all 840+ branches of Muthoottu Mini Financiers spread across the states of Kerala, Tamil Nadu, Karnataka. Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi, UP, Goa and the Union Territory of Pondicherry by mid-November 2022.