Muthoot Fin caution on fake ads

Muthoot Finance has cautioned the public against fraudulent advertisements using the group’s brand equity to defraud unsuspecting people. Raising concern, the company has requested customers to beware of fake entities/companies/individuals that use the Muthoot Finance brand name claim to dupe people by promising instant grant of loans. The company’s reaction comes in the wake of fake advertisements in newspapers in Pune and adjoining areas by bogus entities using the Muthoot Finance brand name. The ads claim that Muthoot Finance has rolled out interest-free loan schemes as well as discount offers on personal and property loans to customers. It also carries the contact details for customers to call and avail the loan.