Muthoot Finance Gold Loan – Muthoot Gold Loan in 5 Minutes. Compare Muthoot Gold Loan, Interest Rates, EMI, Eligibility & Documents.
Features and Benefits:
- Loan disbursal in 5 minutes
- Loans starts from Rs. 1,500 to 1 Crore
- Minimal documentation
- High quality customer service in short response time
- In-house evaluation of Gold
- 0% processing fees
- Pre-payment option-without any penalty
Interest Rates of Muthoot Gold Loan
| Scheme | Slab Period/s | Rate of Interest |
|---|---|---|
| Super Loan | 12 months | 24% p.a. |
| Easy Loan | 6 / 12 months | 23% /24 % p.a. |
| Xpress Loan | 9 / 12 months | 21% / 24% p.a. |
| Realvalue Loan | 6 / 12 months | 20% / 23% p.a. |
| Truevalue Loan | 3 /6 /12 months | 15% / 18% /21% p.a. |
| Gold Loan Overdraft | NA | 20% |
| Gold Loan Installment Scheme | 6 / 9 / 12 / 15 months | 14% / 14.5% / 15% / 16.75 p.a. |
| Gold Loan Installment Scheme | 18 / 21 / 24 months | 17% / 17.25% / 17.5% p.a. |
| Fair value Loan | 3/ 6/ above 6 months | 17% p.a./ 20% p.a. / 24% p.a. |
They have been actively involved in campaigns to spread message regarding the financial potential of gold holdings with individual consumers in India.
“There is traditional perception that to avail of a gold loan is a desperate measure. The truth is quite the contrary, and by availing of a gold loan, one can change the profile of gold holdings from an idle asset to a productive asset”, says TMG managing director George Alexander Muthoot.
Their efforts show the house-wives what the family’s gold holdings can achieve for their husband’s business. The group’s recently-launched gold loans at an interest rate of 1% a month offered had been well received in the market, prompting even those who had not previously considered taking a gold loan to avail of the scheme. Muthoot said many also realized how gold loans could work out cheaper than personal loans and loans on credit card accounts.
About the Company…
TMG, has interests in the hospitality and medical sectors, hired 4,000 employees during the current fiscal, taking its staff strength to over 12,000 across 1,600 branches in India.
TMG, has over 100 branches in the Delhi region, and is associated with the Delhi Daredevils team for the new IPL season. They have plans to expand its presence in the north. In the south, TMG has over 450 branches in Kerala and 380 in Tamil Nadu, besides a strong presence in the other southern states.
Muthoot has a “big beach resort” – a hospitality project underway for which they have acquired land at Mararikulam in central Kerala.
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