Kerala-based gold loan major Muthoot Finance (MFL) on Wednesday announced that it is expanding its lending portfolio by venturing into personal loans.
The company will focus on delivering faster and efficient service to customers with simple documentation and appraisal process. Any salaried individual with stable employment and a monthly salary of `20,000 or more in metro locations and Rs 10,000 or more in other towns can apply for a personal loan with MFL. The rate of interest starts from 14% onwards.
