Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Muthoot Finance launches Loan@Home service

Posted On: 2020-07-08 04:17:33


Muthoot Finance, India's No.1 Most Trusted Financial Services Brand and India's largest gold loan NBFC has launched Loan@Home service. This service enables customers to avail a gold loan without stepping out of his/her home. Dedicated Loan@Home staff visit the customer's home at the appointed date and time, carry out required digital checks, verify the customer's gold ornaments at the customer's premises, create the loan, generate loan documentation and the loan amount is credited to the customer's bank account.

The movement restrictions and safety concerns occasioned by the COVID situation is a game-changer for the business ecosystem, especially with regards the last-mile delivery of services to clients. Considering the challenges faced by the customers in these trying times, Muthoot Finance launched the "Loan@Home" service, a fit-for-purpose innovation that helps customers monetize their gold ornaments without stepping out of their homes.

According to Mr. George Alexander Muthoot, Managing Director, Muthoot Finance, "With Loan@Home, we are taking Muthoot Finance to the customer's home. Now the customer can avail a gold loan from the comfort of his or her home without having to visit the branch at any stage of the procedure."

He further mentioned "As a leading financial services enterprise, we find that, under such circumstances, a large swathe of our customers (existing and prospective), across India may be finding it difficult to approach our branches to do business due to the restrictions. Such apprehensions are especially apparent among higher net worth customers."

Loan@Home is principally an app-based digital service. The customer can apply for a Loan@Home through the dedicated Loan@Home Mobile App and Web Portal, or the iMuthoot Mobile App, online.muthootfinance.com or the Muthoot Finance Call Centre.

The entire Loan@Home process flow is optimized for efficiency, reduction of operational risk and utmost safety to the valuables of the customers. A remote supervising team oversees the entire customer-to-branch process using GPS-based tracking software, ensuring seamless service delivery and effective risk management.

As soon as a Loan@Home enquiry is verified and accepted, a real-time customer due diligence takes place through a video-based KYC process. This is followed by an appointment for the visit by our executives. Loan@Home is literally gold loan on tap. All one needs to do is to tap the Loan@Home app link to make a request.

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.1085.2 as compared to the previous close of Rs. 1104.3. The total number of shares traded during the day was 60548 in over 3990 trades.

The stock hit an intraday high of Rs. 1114.2 and intraday low of 1081.1. The net turnover during the day was Rs. 66590748.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

BEML Ltd Q1 consolidated loss at Rs. 134 crore

Mahanagar Gas Ltd Q1FY21 net profit drops to Rs. 45.25 crore

Perfectpac Ltd posts loss of Rs. 0.47 crore in Q1 FY21

Alphageo India Ltd Q1 loss at Rs. 14.29 crore

Alkem Laboratories Ltd Q1FY21 consolidated net profit soars to Rs. 422.01 crore

Gabriel India Ltd reports Rs. 23.77 crore loss in Q1FY21

Kajaria Ceramics Ltd posts loss of Rs. 27.10 crore in Q1FY21

Balrampur Chini Mills Ltd Q1FY21 consolidated PAT up YoY at Rs. 139.09 crore

TANFAC Industries Ltd Q1FY21 PAT at Rs. 2.58 crore

EMAMI Ltd Q1 FY21 consolidated PAT higher at Rs. 39.60 crore

Mitsu Chem Plast Ltd Q1 PAT jumps to Rs. 1.80 crore

Johnson Controls-Hitachi Air Conditioning India Ltd Q1FY21 loss at Rs. 23.13 crore

TV Today Network Ltd posts Rs. 12.76 crore consolidated PAT in Q1

Mahindra & Mahindra Ltd posts Rs. 112.10 crore PAT in Q1FY21

UFO Moviez India Ltd Q1 consolidated loss at Rs. 33.23 crore

Dilip Buildcon Ltd declared L1 bidder for new HAM project in Karnataka

TCS a leader in Advanced Digital Workplace Services - NelsonHall

Dilip Buildcon Ltd JV executes EPC agreement for project in Gujarat

Meera Industries Ltd receives export order of $1,05,200

Sobha Limited Q1FY21 consolidated PAT slides to Rs. 6.6 crore

JSW Holdings Ltd Q1FY21 consolidated net profit lower at Rs. 9.47 crore

Alembic Ltd Q1FY21 consolidated PAT at Rs. 88.52 crore

DCM Nouvelle Limited posts loss of Rs. 6.61 crore in Q1

Steel Strips Wheels Ltd bags exports orders for close to 20000 wheels

Prince Pipes announces technical collaboration with Tooling Holland - a global leader in plastic mould manufacturing

Alembic Pharmaceuticals Ltd closes QIP, fixes issue price as Rs. 932

LUPIN Ltd Q1FY21 consolidated net profit at Rs. 106.9 crore

Dalmia Bharat Ltd Q1FY21 consolidated PAT soars to Rs. 190 crore

Saurashtra Cement Ltd reports consolidated PAT of Rs. 8.24 crore in Q1

SML ISUZU Ltd launches Hiroi School Bus and Hiroi Staff Bus

Pidilite Industries reports first quarter results.

JK Tyre & Industries Ltd announces Q1FY21 results

AU Bank forays into South India with its branch launch in Bengaluru

Bayer CropScience Limited reports Q1 Results for FY 2020-21

Cospower Engineering Ltd Board recommends dividend of Rs. 1.20

KEI Industries Ltd Q1 consolidated PAT at Rs. 36.22 crore

GSPL Q1FY21 consolidated PAT slips to Rs. 221.06 crore

Mangalore Chemicals & Fertilizers Ltd Q1 PAT lower at Rs. 11.01 crore

Inditrade Capital Ltd Q1 consolidated PAT at Rs. 1.62 crore

Honeywell Automation India Ltd Q1FY21 PAT lower at Rs. 98.08 crore

Sumitomo Chemical India Ltd posts surge in Q1FY21 PAT to Rs. 79.40 crore

HPCL Q1FY21 consolidated PAT rises to Rs. 2252.65 crore

The Dharamsi Morarji Chemical Co. Ltd. Q1 consolidated PAT drops to Rs. 5.42 crore

The Indian Hotels Company Ltd Q1 loss at Rs. 279.92 crore

Torrent Power Ltd Q1FY21 consolidated net profit zooms to Rs. 372.66 crore

Deepak Nitrite Ltd Q1FY21 consolidated PAT declines to Rs. 98.95 crore

Adani Enterprises Ltd Q1 consolidated net profit plunges to Rs. 29.79 crore

Gulshan Polyols Ltd reports QoQ higher profit in Q1FY21

Chaman Lal Setia Exports Ltd reports jumps in Q1FY21 PAT to Rs. 25 crore

Rolcon Engineering Company Ltd posts Rs. 0.14 crore PAT in Q1







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019