Vehicle & Asset Finance
Muthoot Vehicle and Asset Finance Ltd.
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 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 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.
We have readymade 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 advices on their financial needs. Our span of reach stands multiplied throughout the country thanks to the presence of the over 4,500 strong Muthoot Group Branches.