MHIL announces home improvement loans upto Rs 10 lakh in Kerala
Business

MHIL announces home improvement loans upto Rs 10 lakh in Kerala

New Delhi, Sep 3: Muthoot Home Fin India Limited (MHIL), a subsidiary of Muthoot Finance, on Monday announced Punarnirman Kerala - Home improvement Loans post the crisis from the biggest floods Kerala has ever witnessed.

In this scheme, MHIL, the housing finance company registered with the National Housing Bank, will offer special loans for the renovation or reconstruction of houses in the flood affected areas.

George Alexander Muthoot, Managing Director, Muthoot Finance said, "In an earnest attempt to provide a helping hand in the rehabilitation of people and rebuilding the State, Muthoot Finance has announced a special Home Improvement Scheme which will help Keralites to recover from the recent floods that devastated the State and its economy."

The scheme will be valid till December 2018. The maximum loan term shall be for a period of 20 years. (UNI)