Muthoot Homefin cuts home loan rate by 0.3 per cent to 9.90 per cent

Muthoot Homefin, a Muthoot group company, on Wednesday cut its home loan rate by 0.3 per cent to 9.90 per cent in line with the market competition.

Muthoot Homefin said in a statement that the decision is in line with the reduction in interest rates effected by some of the major players in housing loan segment.

The sanction loan applications received for the first month period from April 16 to May 15 will get discount of 50 per cent in processing fee, it said.

Meanwhile, the group as part of its diversification drive has also opened another school in Delhi.

"Set up under the aegis of St George's Education Society, Paul George Global School, will give the students, including the differently-abled, an ideal environment for holistic learning", it said.