Services

Gold Loan

The main activity of Muthoottu Mini is advancing money against security of gold ornaments. It is the main source of income for the Company.

Muthoottu Mini has two distinct schemes for Gold loan – for general public and for Repledgers. The scale of finance and the rate of interest for gold loans will be decided by the Board of the Company on the basis of various internal and external factors; market conditions etc and will be advised to the Branches from time to time.

Women customers are one of the targeted segment of our Company. Through Mahila Loan we help them to empower by providing timely credit which will satisfy their immediate requirement without waiting too much. The targeted customers under women are self-help groups, women engaged in making handicrafts, tailoring, vegetable dealers, women drivers and all other working women in the country. Muthoottu Mini Mahila Loan is a solution which will speed up her efforts to support her family. We are also inclined towards giving additional benefits to women because we believe the rate of repayment is better. Loan period of Mahila Loan is defined as 12 months (360 days).

Targeted segment of this product is basically the borrowers who enquire about gold loans at low rate of interests. This product will meet the immediate requirement of those who want to pledge at low rate of interests. The purpose of implementing this product is to increase the walk-ins in the branches. The Company will get better customer mix also. Loan period of MM Aaswas Loan is defined as 3 months (90 days).

The company lends varying amounts per gram of the gold (LTV) depending upon the market value as detailed by RBI direction and the purity of the gold. As per the risk assessment of the Company a higher LTV is a riskier than a lower LTV. Accordingly, lower LTV attracts lower rate of interest and higher LTV attracts higher interest rate. Similarly, interest rates varies with the period of loan ie the rate of interest progressively goes up with the increase in the period of loan.

  • Loan Period Full LTV (ie 100% LTV) – 9 months (270 days)
  • 90% of LTV – 12 months (360 days)
  • 80% of LTV – 12 months (360 days)

EmZEE Gold Loan 12 (EMI):-It is an EMI scheme (Equated Monthly Installment) where the borrowers have the option to borrow money at lump sum and pay back on a monthly basis by pledging his/her ornaments. Maximum repayment period under this scheme is 12 months from the date of loan. The applicable rate of interest is 15% on a flat rate method. Minimum loan amount is Rs. 10000 under this scheme.

EmZEE Gold Loan 24 (EMI):-It is also an EMI scheme. The borrowers have the option to borrow money at lump sum and pay back on a monthly basis by pledging his/her ornaments. Maximum repayment period under this scheme is 24 months from the date of loan. The applicable rate of interest is 14.5% on a flat rate method. Minimum loan amount is Rs. 25000 under this scheme

A scheme which attracts the traders and daily income segments of the society. Minimum loan amount is fixed Rs. 10000 and maximum as Rs. 50000. USP of this product is that the customers can repay the loan in daily installment. The borrower can close the loan by remitting daily installments in 99 working days).

MM Premier Loan is best suited for customers who require higher loan amount and are very sensitive in interest rates. Targeted segment will be the traders, business people, people engaged in constructions and all those people who require higher loan amount with enough gold jewels in their hand. HNIs needs are very different as compared to normal customers. HNIs may need fund for business, construction, trading and all other higher fund requirement activities.

Insurance

Muthoottu Mini have vibrant insurance team . We have corporate tie-ups with insurance giants like LIC, Star Health and Liberty Videocon General Insurance.

  • Indian Resident
  • Aged 18 Years up to age 75 years
  • 1 Year Tenure
  • Inbuilt Terrorism Cover
  • World-wide coverage
  • Accidental Death (AD)
  • Permanent Total Disability (PTD)
  • Permanent Partial Disability (PPD)

 Cover

 BASE

SILVER 

GOLD 

 Accidental Death

200,000 

250,000

300,000

 Permanent Total Disability

 Permanent Partial Disability

 Loan Protector

 25,000

 50,000

 100,000

 Child Education Support

 50,000

 75,000

 100,000

 Double Indemnity

200,000 

250,000 

 300,000

 Accidental Medical Expenses

 Upto Rs.20,000

 Upto Rs.25,000

 Upto Rs.30,000

 Premium

500 

600

750

  • Exclusively available only for Muthoottu Mini Customers
  • Provides basic cover of Accidental Death as well as Permanent and Partial Disability
  • In case of any eventuality , takes care of loan o/s, financial support for family and children's education expense and medical expenses
  • Affordable premium of Rs2/- per day

Debentures

A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified date and carries a specified rate of interest. Debentures are normally issued in physical form it is called Debenture certificate. Debentures are the main source of funds for the company. The company from public accepts money for a fixed term at a fixed rate of interest, which remains unchanged during the period of debenture. The interest for debenture will be payable on monthly, yearly and maturity.

Money Transfer

RECEIVE money worldwide instantly through Muthoottu Mini. We are the agents for UAE Exchange all over India for money transfer. Customers can receive mone

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