Muthoot Finance is rolling out a new scheme that will offer loans against gold exchange traded funds (ETFs), The Hindu reports. The scheme will enable customers to get loans against their gold ETF units to the extent of 85% of the net asset value of the fund.

Muthoot has partnered with Benchmark to provide the service, which will be available at 30 branches of Muthoot all over the country. The new scheme will be available to customers by the end of this month.

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