5 Things You Should Know Before You Go For A Gold Loan

The Muthoot brand of gold jewelry has become synonymous with class, trust, and tradition. Muthoot gold is a product of the highest quality guaranteed purity and standards.

The traditional Muthoot gold loan has been revolutionized by Muthoot Fincorp, which issues gold debit cards to its customers. Muthoot Fincorp, which is also the owner of exchange brands like Edelweiss and Religare, has one of the fastest-growing gold loan portfolios in India with over 15 branches in Kerala alone! The company was founded in 1979 and was promoted by famed jeweler T.P. Koshy Mathai.

Gold loans are one of the quickest and simplest ways to monetize your gold and get money. This loan can be applied by anyone who owns gold either in the form of jewelry or as gold coins or bars. Apart from banks and your local jewellers, there are many NBFCs which also specialize in giving gold loans to retail customers. In fact, many banks are also using NBFC as their last-mile distribution channel for availing larger loans from institutions and corporates.

When you avail of a gold loan, you make your precious metal accessible. You depend less on the traditional bank or other lending agencies that charge you a hefty interest rate and often, a strict credit check. A gold loan can be availed at a lesser interest rate and doesn’t need any collateral. The loan amount is pegged to the current gold price and it’s payable in easy monthly installments. The job of giving gold loans has been simplified by NBFCs. These non-banking financial institutions have been set up with an aim to provide loans to individuals who either don’t want to pay large amounts as deposits or who do

Gold loans are a convenient way to make your gold accessible. With the availability of such loans, you don’t have to depend on banks or other lending agencies which charge you a hefty interest rate. The loan amount is pegged to the current gold price and payable in easy monthly installments. Gold loan is a short-term facility for a period of up to 12 months. It has to be repaid after that period. You can approach your bank to extend the period of the loan for another 1 year based on mutually agreeable terms and conditions. Make sure that you are in a position to repay the loan within the time limit#

A gold loan is the simplest option if you are looking for quick cash. It is easy to apply and you can get the required loan amount in just a few hours. There are very few formalities involved and we can even arrange the loan formality at your doorstep. You can choose the amount you want to borrow based on your requirement and it will be payable after 12 months from the date of disbursement. Finance charges of 2%. will be levied by us, that includes interest

Our services make it simple and easy for you to get your hands on cash in a few hours. It’s our goal to make the loan process as simple as possible so that you can access money with as little red tape as possible. We are located near you, so please feel free to give us a call if you have questions or concerns. We can even come to your location in person for the loan application process!