Muthoot Finance forays into personal loans; stock up ~3%

Gold financing company Muthoot Finance has ventured into the personal loans category for the salaried class. Muthoot Finance has ventured into the personal loans category for the salaried class, as per news reports. Following this announcement, it’s stock surged ~3%. Reportedly, any salaried class employee who enjoys stable employment and a monthly salary of about Rs40,000 in metros will be eligible for these loans. They are offering interest rates between 14% and 21%.

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