Muthoot Finance Limited NCD Aug 2014 Interest rate up to 11.50%
Muthoot Finance is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) headquartered in the south Indian state of Kerala.
Muthoot Finance has an operating history of over 75 years and is the largest gold financing company in India in terms of loan portfolio with a market share of 20.3% as of March 31, 2012, according to the IMaCS Industry Report 2012. Muthoot Finance provide personal loans and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
For the years ended March 31, 2009, 2010, 2011, 2012, 2013 and 2014 , revenues from Gold Loan business constituted 96.71%, 98.08%, 98.75%, 99.12%, 98.77% and 98.07% respectively, of their total income. As of March 31, 2009, 2010, 2011, 2012 2013 and 2014, portfolio of outstanding gross Gold Loans under management was `33,000.73 million, `73,417.35 million, `157,280.72 million, `244,172.99 million, `260,003.72million and `216,179.10 million respectively, and approximately 38.89 tons, 65.53 tons, 112.01 tons, 137.11 tons, 133.75 tons and 117.55 tons respectively, of gold jewellery was held as security for the Gold Loans.
- NCD/Series Details
- Who Can Apply/Invest
- Download Application Form
- Application Process and Form Submission/Collection Centre
- Allotment Status
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Who Can Apply/Invest
Public financial institutions, statutory corporations, commercial banks, co-operative banks and RRBs; Provident funds, pension funds,Companies; bodies corporate and societies registered under the applicable laws in India; Public/private charitable/religious trusts; Scientific and/or industrial research organisations,Resident Indian individuals and Hindu Undivided Families through the Karta
Application Process and Form Submission/Collection Centers
Please take print of the Application Form A4 paper size. Click here to download Application form of Muthoot Finance Limited NCD Aug 2014
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “Escrow Account Muthoot Finance NCD Public Issue”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *