Gold loans triumph over

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Gold Loan - Muthoot Fincorp Limited, mainly focuses on Non-Banking Financial services sector such as Gold Loan, Auto Loans etc.

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Gold loans triumph over

  1. 1. Gold Loans triumph over Personal Loans www.muthootfincorp.com
  2. 2. <ul><li>When in urgent need for liquidity many options are considered- borrowing from friends or relatives, approaching a bank or financial institution like an NBFC, some even consider local money lenders. </li></ul>
  3. 3. <ul><li>Personal loans were the hot favourite of yesteryears, however, these days; most popular loans are gold loans. Gold loans are fast becoming the order of the day. </li></ul>
  4. 4. <ul><li>Gold loans are loans against your gold; which is used as collateral. Nominal rates of interest and easy documentation make gold loans an attractive option. </li></ul>
  5. 5. <ul><li>Almost 90% of the value of your gold can be availed of as a loan. Gold in the form of jewellery or in any other form is acceptable as a collateral security. </li></ul>
  6. 6. <ul><li>NBFC’s like Muthoot Fincorp are the largest providers for gold loans in India. The loan is provided by after evaluating the quality of the gold. </li></ul>
  7. 7. <ul><li>In comparison to the gold loan, personal loans offered by banks are cumbersome in that they are heavy in documentation. </li></ul>
  8. 8. <ul><li>Require bank accounts, processing time is longer (whereas gold loans from companies like Muthoot Fincorp take only 3 minutes with easy documentation). </li></ul>
  9. 9. <ul><li>Since personal loans are unsecured loans, interest rates are high and heavy verification or credit standing is required, mostly the pay slip or monthly guaranteed income of the borrower. </li></ul>
  10. 10. <ul><li>There will also be a high processing fee. Gold loans are the best option for borrowers needing quick liquidity and intending a pay back within a year. </li></ul>
  11. 11. Contact Us <ul><li>www.muthootfincorp.com </li></ul><ul><li>www.muthoot.com </li></ul>

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