Covid-19 has shifted the classroom learnings of our children to online mode. This has led to a situation where smart phones, laptops and tablet PCs are minimum prerequisite for them to continue their education. Muthoot FinCorp’s Vidya Dhan Gold Loan is designed for supporting parents to purchase such devices at no interest rates. Vidya Dhan Gold Loan is interest free* for the first 90 days.
Key features of Restart India Vidya Dhan Gold Loan
- Loan upto Rs. 10,000
- Interest free for 90 days
- Tenure upto 6 months
- Only for educational purposes
- Loan Purpose: Purchase of Smart Phones, Tablet PCs & Laptops for educational Purpose
- Interest rate: NIL interest rate for first 90 days of the loan; 18% p.a shall be applicable from 91st day onwards
- Processing fee: NIL
- Loan to Value: maximum as permitted
- Minimum KYC procedure
- Special documents required: Student Id proof of Child and Proof of Child-Parent relationship if parent is the borrower
First-hand account of customer experiences
MUTHOOT BLUE SOCH STORIES
Deepa Udayakumar, a 34-year-old housewife from Vellakkamurani in Palakkad district of Kerala has been associated with their family run soda making business for decades. Five years ago, Deepa decided to start her own venture, but to break into a market which requires some capital investment; she needed to find a suitable micro finance company and an innovative approach to production. Deepa wanted to be a small, artisanal producer with the ability to experiment and make changes to her products to ...
I approached Kaniyapuram Muthoot Blue for a loan. I was a regular customer of Kaniyapuram MFL. They approved a gold loan for me quickly. With that amount and my savings from my previous business I started a small bakery near by MFL branch. The business has grown in a short span of time. Initially I was running the business alone, Now I have 7 staff to support me. ...
Forty-six-year-old Shylaja from Keerikkadu near Kayamkulam is one among them. In Alappuzha district, women are employed in various stages of coir production, right from the peeling of coconut husk to the making of ropes from fine fibre. Much of the rope-making work done by them was on rudimentary spinning wheels because they were unable to buy new mechanised machines. Shylaja in order to raise enough money to buy machinery approached a local micro finance company. However, lenders either demanded for ...
Sridevi E from Kancheepuram in Tamil Nadu holds the true spirit of an entrepreneur as she runs a successful tailoring unit near her home. Five years ago, the 36-year-old housewife overcame the hurdles of poverty by starting her own tailoring unit besides her home. She used to earn an average of ₹ 150 per day which wasn’t enough for the family of five including two growing children. Luckily for her, she was introduced to a Relationship Officer of Muthoot Microfin ...
Blue Soch – Brand Showcase
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