Muthoottu Mini Financiers, an NBFC (Non-Banking Financial Company) recently launched a new gold loan scheme in India with a 6.5% interest rate per annum.
Muthoottu Mini’s aim is to enable customers to gain the highest loan amount on gold at the best rate possible, with no hidden fees, in order to reach their investment goals.
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Muthoottu Mini presently works over 3000 people across eight Zonal offices and 800 outlets in ten states and one Union Territory across India.
The 15th offering of non-convertible debentures (NCDs) by Muthoottu Mini Financiers Ltd was recently oversubscribed by Rs 108 crore.
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The NCD is listed on the BSE and has a triple B Plus: Stable rating from renowned credit rating firm Care Ratings. With coupon rates ranging from 8.75 percent to 10% per year, the NCD Issue provided a variety of subscription options.