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What are the minimum loan amount, LTV, and loan tenure for Muthoot Small-ticket Value Scheme?
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What is the minimum loan amount for Muthoot Small-ticket Value Scheme? For a "Small-ticket Value Scheme," the minimum loan amount is typically low to cater to customers needing smaller funds. Among the given numerical options, ₹1500 is the most appropriate for a "small-ticket" loan. The correct option is 1500.
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What will be the LTV and loan tenure for the loans under Muthoot Small ticket Value Scheme? For gold loans, a Loan-to-Value (LTV) of up to 75% is common, and a loan tenure of 12 months (or 1 year) is also standard. The option "75 percent & 12 months" aligns with typical gold loan product features, even for small-ticket schemes. The correct option is 75 percent & 12 months.
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