How gold loan scores over personal loan
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How gold loan scores over personal loan

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We provide sound advice and adopt the finest practices keeping the welfare of our customers in mind. Total customer satisfaction and growth is our objective. Every member of the Group is responsible ...

We provide sound advice and adopt the finest practices keeping the welfare of our customers in mind. Total customer satisfaction and growth is our objective. Every member of the Group is responsible for upholding our principles in the workplace. We rigourously adhere to applicable laws, rules, regulations, codes and standards of good business practices.

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How gold loan scores over personal loan How gold loan scores over personal loan Presentation Transcript

  • How Gold Loan scores over Personal Loan? www.muthootfincorp.com
    • Whenever an urgent need for money falls on us what are the first few alternatives comes to our mind.
    • I guess most of the people either approach their friends, relatives to borrow the money or approach a bank or financial institution like NBFC for taking loan
    • There is new loan facility developing fast in India i.e.  Gold  Loan. Have you tried consider it for taking a loan? Let us compare both the products to know which one scores over other on different attributes.
  • GOLD LOAN
    • Gold loan as name suggest is a loan on gold. It is one the one of the oldest form of loan which is now being offered by financial institutions at a bigger level. 
    • Muthoot Finance is India’s largest Gold loan sanctioning company. Anyone having gold in the form of ornaments or otherwise can take loan from banks or financial institutions against there gold product.
    • When you approach a bank for gold loan, they first evaluate the value of gold on the basis of market price of gold and its purity
    • After evaluation, lender offers the loan amount to the customer which usually varies from 70% to 90% of the amount of gold.
  • PERSONAL LOAN
    • Personal loans are offered by almost all the banks and financial institutions. 
    • Personal loans are called as unsecured loans as this is not secured against any collateral. 
    •  Banks take few things into consideration before approving the amount of loan applied. Out of all, most importantly monthly income of the borrower
  • Comparison between Personal Loan & Gold Loan
    • Gold Loan stands way beyond when it comes to getting loan for a consumer with the sheer pace it is sanctioned & the interest rate one has to pay.
    • It is especially beneficial if a person has need for money for less than 1 year.
    • Food for thought:  There is still no good option for a customer if he wants to take a loan for short term(less than a year) if he doesn’t have gold in hand to take the loan.
  • Contact Us
    • www.muthootfincorp.com
    • www.muthoot.com