Muthoot Microfin has lowered interest rates on microfinance loans for income-generating activities by 25 basis points, to a minimum of 23.05%. Rates for loans to purchase third-party products have been reduced by 125 basis points, now ranging from 22.7% to 23.7%. This marks the third rate cut by the Kerala-based lender, with a processing fee of 1% to 1.5% applicable.
