Muthoot Fincorp launches Muthoot e-Pay for gold loan customers


Kochi: Muthoot Fincorp Limited, the flagship company of the Muthoot Pappachan Group (MPG) has announced the launch of its new online service ‘Muthoot e-Pay’. The new platform will enable Muthoot Fincorp’s gold loan customers to repay the principal and remit interest in bulk or in part through online payment facility.

Commenting on the launch, Thomas John Muthoot, Chairman and Managing Director of Muthoot Fincorp Ltd. said, “To move in tune with the online technological advancement and to ease the process of transactions and payments, we have decided to launch the online payment facility to our valued Gold Loan customers. Customer’s convenience has always been of utmost importance for Muthoot Fincorp Ltd. With ‘Muthoot e-Pay’, our customers can now make payment into their loan account, either by using their Debit Card or Net Banking facility’’.

Muthoot Fincorp has launched this new service by partnering with HDFC Bank, which owns the payment gateway. The e-pay facility will be made available on the company’s official website, where customers can register themselves and make online payments.

Muthoot Fincorp Ltd., apart from its geographical expansion, plans to grow its product range too by understanding the needs of the customers and bring out more products. The company added 14 lakhs new customers and disbursed Rs. 26,765 crores as loan during the last two financial years.

Muthoot Fincorp Ltd. is one of the largest NBFCs in India, registered with the Reserve Bank of India. Muthoot Fincorp is a provider of retail finance in the form of gold loans. Muthoot Fincorp is one amongst the largest Gold Loan companies in India and has an average of 50,000 walk in customers per day. The company has a diverse mix of retail offerings catering to the various needs of its customers including Loan products, Money Transfer, Foreign Exchange, Insurance Services and Wealth Management Services.

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