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Why Gold Loans Demand has Increased in Indian Gold Loan Market?

  • Gold beautifully entwines different usages in any form. A Gold bangle purchased as a religious connotation can be used as a piece of jewelry, status symbol, family heirloom, and for instant gold loan during adverse times. This cultural significance of gold has propelled India as a top consumer of gold. With Covid-19 leaving the economy in shatters, the gold reserves of Indians can act as a boon as they can easily be pledged against Muthoot FinCorp’s instant gold loans,

    Key Features of Gold Loans

    The most apparent advantage of the gold loan in an Indian context is its availability and trustworthiness. The availability and trust exuded by all branches of Muthoot FinCorp make the loan completely safe.

    Secondly, gold loans don’t have a specific purpose designated to them, so the loan can be used in any way the consumer wants. Gold loans have high loan-to-value ratios and can be taken for very short tenures. Muthoot FinCorp offers attractive interest rates and multiple payment options depending on the sector chosen.

    How are Muthoot FinCorp’s Gold Loans becoming Popular?

    Muthoot FinCorp offers even more convenience to the customers by providing instant gold loans online. The loans are dispatched fast with lower documentation. Muthoot FinCorp’s branches are more accessible due to the higher penetration. Being digital also helps us to be accessible at convenient hours. Above all Muthoot FinCorp’s instant gold loans are flexible enough to disburse very low or high loan amounts along with a lucrative EMI policy.

    How to Use Gold Loan EMI Calculator to Calculate EMI?

    Our Gold loan EMI calculator is a straightforward calculator designed to find out your monthly EMIs and the payment schedule. The calculator also factors in the gold loan interest rate and the tenure of the gold loan. The gold loan EMI calculator can be easily accessed from Muthoot Fincorp’s website. The only information that you have to enter is the loan amount, the tenure of your choice, and the state you are in.

    How to Apply Gold Loan Online?

    Applying for a gold loan is as easy as it gets. After verifying your eligibility for the gold loan, you can walk into any branch and speak to our representative. We will verify the purity of the gold and your documents, and start the process for a gold loan.

    Risks to Borrowers and Lenders

    As gold is a physical entity deposited with the lender, theft poses a severe threat to gold finance’s stability at usual gold loan providers. However, with Muthoot FinCorp, your gold stays safe with us in multi-level safety lockers with 24×7 surveillance until it is time for you to take them home.

    Get Gold Loan at Lowest Interest Rate – Apply Now

    Also Read A Complete Guide About Gold Loan And EMI Calculator: Must Read

    Call us at 1800 102 1616 to get in touch with our representative and find out more about gold loans.

    Harshit Agrawal 14-Dec-2021 1050 Views

About Author

Harshit Agrawal -
Harshit Agrawal heads digital marketing for Muthoot Pappachan Group from its head quarter based in Kochi, India. He has managed digital marketing & activations for brands such as Maruti Suzuki, Hero MotoCorp, Bharti Airtel, Google, Mankind Pharma...read more

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