Gold jewelry for loan

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Roots in business since 1887, Muthoot Pappachan Group (MPG) activities include gold finance, financial services, consumer loans, hospitality,infrastructure, automotive, alternative energy.

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Gold jewelry for loan

  1. 1. Gold Jewelry For Loan www.muthoot.com
  2. 2. <ul><li>In earlier times in India selling of gold jewelry for financial needs was not considered good. </li></ul>
  3. 3. <ul><li>But now with gold loan facility change has come in thinking of people. They are now ready to mortgage gold jewelry for loan. </li></ul>
  4. 4. <ul><li>Still it is very important to keep few things in mind before taking gold loans. The NBFCs do not take deposits from public but give loans </li></ul>
  5. 5. <ul><li>The interest rates on gold loans are lower than those of personal loans, but NBFCs interest rates are higher than banks in a huge amount. </li></ul>
  6. 6. <ul><li>Interest rate varies depending on the quality of the gold jewelry. Every bank has its own methods of calculating the value of jewelry brought for the mortgage. </li></ul>
  7. 7. <ul><li>This has come to be a new business projected to be better than a personal loan </li></ul>
  8. 8. <ul><li>but  it is said that if you compare the interest rates of the two products than personal loan can score more over the loan against gold in some cases so it is said that loan against gold is more expensive than personal loan. </li></ul>
  9. 9. <ul><li>Mainly NBFCs are more expensive as compared to banks. High interest rates and lack clarity are the basic reasons for it. </li></ul>
  10. 10. <ul><li>But still they are providing loans and people are also interested in their schemes. Finally they are running successfully all over in India. </li></ul>
  11. 11. Contact Us <ul><li>www.muthoot.com </li></ul>

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