On Wednesday a Muthoot group company, Muthoot Homefin has cut its home loan rate by 0.3% to 9.90% in line with the market competition.

In a statement Muthoot Homefin said that the decision is taken in line with the reduction in interest rates that are effected by some of the major players in housing loan segment.

As a part of its diversification initiative, the group has also opened another school in Delhi.

“Set up under the aegis of St George’s Education Society, Paul George Global School, will give the students, including the differently-abled, an ideal environment for holistic learning”, it said.