- Gold Loan
- Gold Coin
- Money Transfer
- Mutual Funds
We understand the deep-rooted need of individuals to raise their income levels and enhance the quality of living. Aiming to provide them with access to low-ticket credit, Belstar Microfinance Limited, one of the subsidiaries of Muthoot Finance Limited, offers affordable financial schemes to help them become self-sufficient and make their dreams a reality.
Belstar Microfinance Limited provides the following collateral-free loans under the SHG(Self-Help Group) and PRAGATI (Pro-Active Governance and Timely Implementation) models. The same can be utilized by the legally authorised enterprise creation or to strengthen both agricultural and non-agricultural sectors.
- Micro-Enterprise Loans
- Small and Medium Enterprise Loans
- Consumer Goods Loans
- Education Loans
1. Variety of Options
Loan requirements may vary across different borrowers. Hence, the schemes offered by lenders should also be different to be able to cater to specific needs based on specific parameters.
With Muthoot Finance, customers can choose from a variety of microfinance loan schemes based on their requirements, eligibility and affordability. Our products focus on providing customers, especially females, with affordable income-generating loans that can help them become self-sufficient and build sustainable livelihoods.
2. Quick and Easy Terms
We have simplified the process of availing a microfinance loan for our customers with easy terms, minimal documentation, and quick disbursement. This brings simple and hassle-free financial aid to our customers.
All that one needs to do is complete the basic documentation, fill the loan application form and get instant loan approval.
3. Insurance on Loan Products
Low-income or unemployed individuals are at a major risk of falling back into poverty owing to natural events. This, in turn, can directly affect the sustainability of their small businesses.
Understanding the fact that the capacity to absorb economic shocks is one of the key requirements for the sustainability of such individuals as a whole, we provide insurance cover along with each of our loan products. Under the scheme, all the borrowers are insured for the entire loan repayment duration.
Benefits of Micro Finance Loan
One of the major benefits of applying for microfinance loans is that it does not require borrowers to pledge any security against the loan. As most borrowers seeking a loan under the microfinance scheme are from the low-income category, collateral-free loans are a saviour for them to be able to fund their dreams without any worry. Additionally, minimum paperwork and a transparent process make it a suitable option for quick fundraising.
2. Extensive Portfolio
Committed to enhancing livelihoods in the form of loans, we offer a range of schemes to meet the monetary requirements of individuals. Our products range from loans to set up a small business to being able to afford basic education. Families with access to microfinancing are more likely to ensure continued education for their children as well as their sustainability.
3. Promote Self-Sufficiency
Easy accessibility to much-needed funds through microfinancing help families and individuals set up healthy businesses with minimum investment and a promise of sustainable profit in the long run. Further, we provide them with insurance cover to protect them and their business from the risk of loss due to natural calamities. All this ensures to promote a sense of self-sufficiency in otherwise unemployed individuals.
4. Micro Financing By Muthoot Finance
Muthoot Finance is India's No.1 most trusted financial service brand as per the TRA’s Brand Trusted Report, 2016 to 2020. This is a testimony to the trust, goodwill, and confidence that our customers have in us, making Muthoot Finance the go-to choice for financial services and products.
Belstar Microfinance Limited is an arm of the Muthoot Group and a wholly-owned subsidiary of Muthoot Finance Limited (MFL). We focus on providing affordable microfinance schemes to unemployed and low-income individuals in the form of loans to agricultural and allied activities, production and manufacturing, service provision, business and trade and micro, small and medium enterprises.
All our loan products have evolved over the years to suit the requirements of our customers to build assets, generate income, support a range of household needs and create a sustainable livelihood as a whole.