KOCHI:
Muthoot Housing Finance Company Ltd. (MHFCL), a subsidiary of the Muthoot Pappachan Group’s (MPG) flagship company Muthoot Fincorp Limited (MFL), has launched its new product Muthoot Blue Sahayam to support the flood affected victims in the state of Kerala.
Cognizant of the dire situations in the state, Muthoot Blue Sahayam has been launched specifically for the common man who is trying to rebuild his life post the flood aftershock. The product offers a loan amount from Rs. 1 Lakh to Rs. 10 Lakhs for a maximum tenure of 20 years.
As the name ‘Sahayam’ suggests, this product will provide assistance to the flood affected victims through minimal documentation along with quick approvals and disbursement. Launching the product while emphasizing on the sensitivity of the scenario, Thomas John Muthoot, Chairman and Managing Director, Muthoot Pappachan Group (MPG) popularly known as Muthoot BLUE, said, “While Kerala battles one of the biggest catastrophes in recent times, we stand by our customers with our steadfast resolve to help them in rebuilding their lives. Reinforcing our commitment to empower human ambitions, we wish to make a difference in the lives of the brave people of Kerala through our new Blue Sahayam product. We salute our brethren in Kerala for their perseverance against all odds and stand united with them by providing financial support at the doorstep of every common man.”
Echoing the criticality of the circumstances, Pavan K. Gupta, Chief Executive Officer, Muthoot Housing Finance Company Limited (MHFCL), said, “The key focus behind launching Muthoot Blue Sahayam product is to extend our support to the common man in Kerala. Presently, we are dedicated to rehabilitate the people after the devastating floods and this product will provide quick processing with minimal documentation to aid every person in the state in restoring a roof over their heads.”
To provide maximum benefits to the customers, the product will be available till December 31, 2018 and will provide home restoration and home improvement loans to fund up to 90% of the repair and restoration costs with attractive lower interest rates.
