Muthoot Microfin has lowered interest rates on microfinance loans for income-generating activities by 25 basis points, to a minimum of 23.05%. Rates for loans to purchase third-party products have been reduced by 125 basis points, now ranging from 22.7% to 23.7%. This marks the third rate cut by the Kerala-based lender, with a processing fee of 1% to 1.5% applicable.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.