Muthoot Finance is one of the best companies that provide customers with finance for purchasing gold and jewelry. Name of such scheme Muthoot Finance Gold Loan is fixed at twelve percent p.a to twenty percent p.a., and for longer term loan tenure repayment it may range from seven to forty eight months. The lending potential is huge, and they are ready to lend up to two hundred thousand dollars. Moreover, they also offer loans to individuals for repairing of automobiles and homes, and for further education. The borrowers of this scheme have to pay back the interest on the loan within the stipulated time, which is mostly in the time frame of half a year to one year.
For a faster processing, the maximum amount of loan is approve in three weeks time, as the processing fees are low. The terms and conditions of the repayment of Muthoot Finance Gold Loan are in written format, and the borrower has to read through and understand them before signing the agreement. The terms of repayment include interest rate, penalty charges, processing fees, and the tenure of the loan. For an extended period of repayment the borrower may have to pay the charges in one lump sum amount. After the borrower has repayed the loan in full, he can apply again for another line of credit, if available.
Muthoot Finance Gold Loan
The repayment tenure of Muthoot Finance Gold Loan depends upon the type of loan, and the amount of gold loan approved.
For example, platinum and gold are the accepted forms, while refineries or bullion bars are the accepted medium of exchange.
For an uncomplicated procedure, the application can be make online, and there is no faxing of application. If a person wishes for faster processing, mention the reason for applying for credit during the application process. The applicant may also have to mention the age of the applicant, his occupation and income source. In addition to this, the reason for defaulting in repayment should also be mention in order to avail interest rate. Penalty charges and extended repayment tenure.
The Muthoot Finance Gold Loan
The Muthoot Finance Gold Loan is offer with one percent loan amounts. As against the market rate and this feature benefits those borrowers who are looking to secure their future finances. The low interest rates allow them to save a lot of money and invest in more financially sound projects. The amount of the loan can be repay over a short term or over a longer-term depending and repayment capability.
The Muthoot Finance Gold Loan is issue against an equity account. This option allows the lenders to issue the loan amount at very low rate of interest. In addition to this, if a person is not satisfy with the interest rate offer. By the company, he has the option of switching over to another issuing company. There is no faxing of application and the borrower. Only needs to give his post dated check as a security to the company. The amount of the interest rate, the processing fees, and the post-dated checks are inclusive of the borrower’s initial deposits.
The Muthoot Finance Gold Loan is offer with one percent loan amounts. As against the market rate and this feature benefits those borrowers who are looking to secure their future finances. The low interest rates allow them to save a lot of money and invest in more financially sound projects. The amount of the loan can be repay over a short term or over a longer-term depending and repayment capability.
Muthoot Finance Gold Loan is offer
The Muthoot Finance Gold Loan is offer with one percent loan amounts. As against the market rate and this feature benefits those borrowers who are looking to secure their future finances. The low interest rates allow them to save a lot of money and invest in more financially sound projects. The amount of the loan can be repay over a short term or over a longer-term depending and repayment capability. The fixed Muthoot rate of interest is applicable to all the gold refining processes. Carried out at the Refining Houses including clean salt solution process and gold wire processing.
The refineries take the raw material from the mines and process them into finished products ready for sale. A person can take help of various Muthoot Finance. People from all parts of India and even from across the world can apply for the Refining Gold Loans. The Muthoot Gold Loan is offer to the refine products and commodities.