Muthoot Vehicle and Asset Finance Ltd. (MVFL), is the Vehicle and Asset Finance Division of The Muthoot Group. The Company was incorporated in 1992 as Muthoot Leasing and Finance Ltd. In the year 2008, the name of the Company was formally changed to Muthoot Vehicle and Asset Finance Ltd to correctly highlight the nature of financial solutions being provided by the Company.
MVFL, as per the certification by Reserve Bank of India, is a Deposit taking Asset Finance Company (DAFC). MVFL has the distinction of being the only one of its kind in Kerala.
MVFL is a dividend paying company and also has been maintaining an investment grade rating for its deposits since over five years from ICRA. The Company deals in both Liability (Deposit) Products and Asset (Loans) Products.
MVFL carries out its operations through a network of 33 branches spread across 13 districts in Kerala. The Company has made considerable forays into the financing of used and new commercial vehicles, passenger and goods’ autos, earth moving equipment, tippers, JCBs, private vehicles, and other asset finance solutions to strengthen the economic base of urban and rural sectors in Kerala.
Our pioneering steps in the realm of Gold Loans have transformed the very concept of Gold Banking. We changed the concept of Gold Loans from that of a ‘last resort’ or ‘desperate loan’ to a ‘need based product’. And gradually we also succeeded in reshaping the model of Gold Loans into a ‘lifestyle banking product’, pervading them into the urban markets as well. Our diverse customer base comprises not just the underserved from rural corners of the country but also HNIs, Super HNIs and Big Borr...KNOW MORE
Muthoot Finance can today proudly state that its easy Gold Loan schemes have not only facilitated customers with the much needed finance during their times of distress but have also empowered ideas, aspirations, expansions and growth! At Muthoot Finance, it is our privilege and honour to be an integral part of the process of Financial Inclusion and economic progress of the country. We endeavour to continue our efforts in this direction while reshaping lives across India and helping a million...KNOW MORE
We have ready-made financial solutions at moderate and affordable costs encompassing all the activities including special schemes for traders, contractors, builders, and a unique “Muthoot Dream Home Scheme” for those intending to purchase affordable house plots/homes. Over a period, we have built up a strong reputation of trust and integrity while serving countless customers by offering expert advice on their financial needs. Our span of reach stands multiplied throughout the country thanks to the presence of the over Muthoot Group Branches.
Muthoot Vehicle and Asset Finance Ltd.