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The Muthoot Finance has the largest Gold Loan portfolio in the country (India) and around the Globe as well. It’s a fact that more than 85,000 people avail their Gold Loan Services on a daily basis across the country.
Why Muthoot Finance Gold Loan?
- Instant Gold Loan disbursal
- Get Gold Loans up to Rs. 1 crore
- No penalty Prepayment option
- Less documentation
- In-house Gold evaluation
- 100% Safety of Your Gold (Ornaments or Bars)
Muthoot Finance Gold Loan Procedure:
Step 1. A borrower needs to submit a short application form to the Lender with Gold assets.
Step 2. The lender analyse the assets offered by the applicant (including the purity and weight of gold).
Step 3. The Loan is sanctioned after checking the authenticity of the gold.
*The whole process takes 10-15 minutes or an hour.
|Gold Loan Scheme||Loan Tenure / Period||Rate of Interest (p.a.)|
|TrueValue Loan||3 / 6 / 12 months||15% / 18% / 21%|
|Fair Value Loan||3 / 6 & above 6 months||17% / 20% / 24%|
|Real Value Loan||6 / 12 months||20% / 23%|
|Xpress Loan||9 / 12 months||21% / 24%|
|Easy Loan||6 /12 months||23% / 24%|
|Super Loan||12 months||24%|
|Installment Scheme||6 / 9 / 12 months||14% / 14.5% / 15%|
|Installment Scheme||18 / 21 / 24 / 15 months||16.75% / 17% / 17.25% / 17.5%|
|Leading Gold Loan Providers in India|
|Manappuram Gold Loan||Axis Bank Gold Loan||HDFC Gold Loan||Other Gold Loan Providers|
|REMINDER SERVICES||EMI CALCULATOR|
RBI Revises Gold Import Norms
As the supply of metal on special economies zones are not sufficient for exports. RBI has today revised gold import norms. The new norm says that, 20 percent of every lot of gold will be made exclusive for the purpose of exports. RBI says. “Gold is made available for the export purpose by nominated agency to SEZ and other export oriented units. read more
SEBI Clamps Down on Launches of Gold ETFs
New Delhi: Gold exchange traded funds has seen to be fueling demand in Gold and is contributing in CAD (current account deficit). At this market regulator, SEBI has clamped down on new Gold Exchange Traded Funds. “New products can fuel demand as all the gold ETF’s has to be backed with physical gold. As per the demand no new products have been approved, “a SEBI official told. In January, some gold ETF&rsquo... read more
Gold Falls for 4th Day on Global Cues, Silver Recovers
The gold prices are still facing a slide even on the 4th day by losing Rs 325 to Rs 3, 100 per ten grams despite Silver reports a rise in the market by Rs 420 to Rs 54, 350 per kg. Traders blame the slowdown of the economy as the major factor of weakening of gold.Rising equity funds are also considered as the major factor of reducing gold prices. In the previous three sessions, the gold lost Rs 2, 475 on the domestic front.Weekly del... read more
High Gold Prices in Coming Days
As we all know Raksha Bhandhan is coming, one of the biggest festival in India. In this Festive season, the price of gold may cross Rs.29000 per ten gram in coming few days. As next few months are festive season and demand of gold is always on peak which can influence the gold prices, traders said. At the Multi Commodity Exchange, metal prices gained Rs 122, or 0.42 per cent, by October.To trade above Rs 29000 level at Rs 29,045 per ten gram in a turnover of 422 lots. The metal... read more
Government hikes import duty on gold, silver to 10%
13th August, 2013 New Delhi: The finance ministry said in a statement,Government hiked import duty on Gold bars for the third time in last eight months to 10 per cent from the earlier 8 per cent. The government also raised the import duty on silver to 10 per cent from the previous 6 per cent, and the new factory gate duty on gold bars to 9 per cent from 7 per cent. At the present level of imports, the government is expecting a revenue of Rs 4... read more