Low income housing loan

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Muthoot provide sound advice and adopt the finest practices keeping the welfare of our customers in mind. Total customer satisfaction and growth is our objective.

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Low income housing loan

  1. 1. Low-Income Housing Loan www.muthoot.com
  2. 2. <ul><li>Muthoot Housing Finance Company Limited, the low income housing finance arm of the Muthoot Pappachan Group, has recently sanctioned its first loan to Sunil Channa, an Ahmedabad based businessman. </li></ul>
  3. 3. <ul><li>Sunil, 31, lives with his wife and 9 year old son in Thakkarbapa Nagar, and earns Rs.17,000 per month making handkerchiefs and packaging them for sale. </li></ul>
  4. 4. <ul><li>Sunil began his housing search over a year ago. </li></ul>
  5. 5. <ul><li>Initially, he was looking for a space to expand his business, but then quickly realized that he could instead invest in a permanent home and use his current home for work. </li></ul>
  6. 6. <ul><li>  After searching for over a year, Sunil found a 306 square foot 1 Room Kitchen apartment in the Umang Lambha project built by DBS Affordable Housing Strategy. </li></ul>
  7. 7. <ul><li>DBS put him in touch with Muthoot, which had already approved the Umang Lambha project. </li></ul>
  8. 8. <ul><li>Muthoot collected the required documents from Sunil and ran a credit check with the appropriate credit bureaus </li></ul>
  9. 9. <ul><li>Muthoot's Credit Manager visited Sunil at his place of business and residence to gather a deeper understanding of Sunil's business as well as his credit worthiness, and within 7 days provided the loan sanction letter. </li></ul>
  10. 10. <ul><li>Sunil, his wife, and their son look forward to moving into their new house next year. </li></ul>
  11. 11. Contact Us <ul><li>www.muthoot.com </li></ul>
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