Which finance company is the largest gold loan NBFC in India?
Which finance company is the largest gold loan NBFC in India?
1. Muthoot Finance Gold Loan. Muthoot Finance Ltd. offers gold loans at a low-interest rate starting at 12% p.a.
Is Muthoot Finance safe for gold loan?
The Muthoot Finance company assures its customers of utmost security and constant monitoring of all their facilities. Hence, customers can be reassured that their gold is in safe custody. Muthoot Finance gives gold loans starting from Rs. 1500 with no upper limit.
How much loan does muthoot give on gold?
As per the latest gold prices, Muthoot offers a gold loan per gram of ₹ 2,652 to ₹ 3,242. Highest Muthoot gold loan rate per gram today is ₹ 3,242 for 22 carat jewellery calculated at a maximum LTV of 100% and the average gold loan price of the last 30 days in 2022 is ₹ 4,802 of 22 carat.
Is Muthoot government or private?
Muthoot Finance Ltd was incorporated on March 14 1997 as a private company with the name The Muthoot Finance Pvt Ltd.
Which NBFC is best for gold loan?
India Infoline Finance Limited
| Bank | Interest Rates | Loan Amount |
|---|---|---|
| Bajaj Finance | 14%-26% | Rs.15k-Rs.15Lakh |
| Manappuram | 19.00%-26.00% | Rs.10k-Rs.1 Cr |
| Muthoot Finance | 12.00%-24.00% | Rs.15k-Rs.1Cr |
| IIFL | 12.00%-14.00% | Rs.10k-Rs. 15 Lakh |
Which is better Muthoot or manappuram?
As per the current rates, Muthoot offers a lower interest rate of 6.90% on Gold Loan when compared to Manappuram which offers a Gold Loan at 7.00%.
Is gold loan EMI based?
The amount of money you borrow against your gold is directly proportional to your gold loan EMI. Therefore, the higher the loan amount, the higher will be the EMI. It is the interest charged on the borrowed loan amount. Higher the rate of interest, the more EMI you will have to pay on your Gold Loan.
Is Muthoot Finance under RBI?
RBI license obtained to function as an Non-Banking Financial Company (NBFC). Our company was originally incorporated as a private limited company on March 14, 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act.
Which is the largest finance company in India?
List of top 10 Finance Companies in India
| S.No. | Finance Company |
|---|---|
| 1. | Bajaj Finance Limited |
| 2. | Tata Capital Financial Services Ltd |
| 3. | Aditya Birla Finance Ltd |
| 4. | L & T Finance Limited |