What Is Muthoot Finance : Friends, today there are many finance companies available in the market in the world, but the work of all is different, the objective of all the companies is different, each company provides different services, that is, it provides different services like Some finance companies give loans, some give bikes, some give cars, some give business loans, some give home loans and some give loans for education.
So friends, today we will know through this post what is Muthoot Finance and what services it provides and how it works, not only this, almost all the questions that might be running in your mind related to Muthoot Finance.
We are going to give you the answers in this post such as What Is Muthoot Finance, Muthoot Finance History, Muthoot Finance Founder, Muthoot Finance CEO, What Is the Interest Rate in Muthoot Finance, Which Company Is Best For Gold Loan and What Is The Difference Between Muthoot Finance And Bank etc.
What Is Muthoot Finance?
Muthoot Finance is a Non Banking Company i.e. NBFC, which was established in 1939 at a place called Kochi in the state of Kerala, India. The founder of Muthoot Finance Company was M George Muthoot, after whom this company was named.
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Muthoot Finance provides many types of services such as Gold Loan, Home Loan, Personal Loan, Insurance, Gold Coins, Money Transfer, And Foreign Currency Exchange, GOLD LOAN@HOME, NCD.MUTUAL FUNDS, PAN CARD, CUSTOM OFFERS, MICRO FINANCE, NPS, DIGITAL AND CASHLESS, MILLIGRAM REWARDS, VEHICLE LOAN, #GOLD LOAN MELA, #BIG BUSINESS LOAN, CORPORATE LOAN, SME LOAN, #GOLD LOAN AT HOME, #SUNHERI SOCH, SMALL BUSINESS LOAN etc.
| GOLD LOAN | GOLD LOAN@HOME |
| HOUSING FINANCE | PERSONAL LOAN |
| INSURANCE | GOLD COIN |
| MONEY TRANSFER | NCD |
| MUTUAL FUNDS | PAN CARD |
| CUSTOM OFFERS | MICRO FINANCE |
| NPS | DIGITAL AND CASHLESS |
| MILLIGRAM REWARDS | VEHICLE LOAN |
| #GOLD LOAN MELA | #BIG BUSINESS LOAN |
| CORPORATE LOAN | SME LOAN |
| #GOLD LOAN AT HOME | #SUNHERI SOCH |
| SMALL BUSINESS LOAN |
But friends, let us tell you that Muthoot Finance company is the king of the world in the matter of gold loan because this company is considered to be a very lively, reliable and famous company in the matter of giving gold loan.
Apart from this, this company also provides services of converting the currency brought by people coming from abroad into Indian currencies, also provides money transfer services, wealth management services, travel and tourism services and also sells gold coins.
If we talk about their branches, till now more than 4,400 branches have been operated all over India, not only this, apart from India, Muthoot Finance company is also established in countries like United Kingdom, United States, United Arab Emirates.
Muthoot Finance company has more than 70 crore satisfied customers all over the world and every day this company provides its services to more than 2.5 lakh people.
The company’s total revenue is ₹9,707 crore (US$1.42 billion) and total net worth is ₹54,881 crore (US$8.01 billion), till now the company has a total of 25,554 employees.
Highlighted Point Of Muthoot Finance
| Company Types | Public |
| Business Colab | BSE, NSE |
| Providing | Financial Services |
| Established | 1939 |
| Headquarters | Kochi,Kerala,India |
| Chairman | M. G. George Muthoot |
| Managing Director | George Alexander Muthoot |
| Revenue | ₹9,707 करोड़ (US$1.42 अरब) |
| Workers | 25,554 |
| Website | www.muthootfinance.com |
Where Is Muthoot Finance
Muthoot Finance Company is a company established at the port of Kochi in the state of Kerala, India, which provides financial services.
Apart from different types of financial services, this company provides many other types of services and now this company has started providing its financial services not only in India but also in other countries.
Who Is Muthoot Finance Founder
Muthoot Ninan Mathai, who was born in 1873, whose father’s name was M George, was the first to start the roots of Muthoot Group.
Facing many troubles during his life, Muthoot Ninan Mathai first started grain business in Kozhencherry, a small town of Kerala in 1887, then gradually started gold loan business in 1950.
What Is Gold Loan
Now let us talk about what is Gold Loan, in today’s time many people do not even know about Gold Loan.
Hearing the name of Gold Loan, it seems that we are not given gold in loan, then it is not so at all, my friend, because Gold Loan is a process in which any company or institution gives us money in exchange for our gold. are going
On the other hand, people also call it as mortgaging of gold, so when gold is mortgaged, we call it Gold Loan.
How To Get Gold Loan
There are also rules and regulations for taking a gold loan. If you want to take a gold loan, then you must keep some things in mind, first of all you should have your own gold, and your gold should be pure from 18 carat to 22 carat. must be gold
Not only this, you are given only 60%-70% of the value of your gold in exchange for your gold. You are not given the full value of your gold. Apart from this, you are given gold loan ranging from 7% to 12%. The interest rate is given at.
What Is Muthoot Finance Gold Loan
Actually, in today’s time, many companies providing gold loans have come up which have started giving gold loans at different interest rates. Apart from this, almost all the banks of the world have also started providing the facility of giving gold loans.
But Muthoot Finance Company Gold Loan gives the cheapest and lowest interest rate as compared to all the banks of the world or all the companies giving Gold Loan. Along with this, the Gold Loan taken from here is the most square and also the Gold Loan of Muthoot Finance Company is The most important thing is that this company also provides the facility of giving gold loan online.
What Is Gold Loan Interest Rate in Muthoot Finance
All GOLD LOAN SCHEMES related to Gold Loan through Muthoot Finance are shown below.
MUTHOOT PERCENT LOAN
| Online Gold Loan (OGL) facility available |
| Loan Amount: ₹1,500 to ₹50,000 |
| Tenure: 12 months |
| Free insurance for pledged gold ornaments |
| Scheme with the lowest rate of interest (12% p.a.) if 100% interest is paid monthly |
MUTHOOT ULTIMATE LOAN (MUL)
| Online Gold Loan (OGL) facility available |
| Loan starting from ₹1,500 and no maximum limit |
| Tenure: 12 months |
| Free insurance for pledged gold ornaments |
| Rate of interest is 22% p.a. with 2% rebate if 100% interest is paid monthly |
MUTHOOT DELIGHT LOAN
| Online Gold Loan (OGL) facility available |
| Loan Amount: ₹50,000 to ₹5 crores |
| Loan Amount: Starting at ₹50,000 |
| Loans upto ₹5 crores – with lower interest rate |
| Tenure: 12 months |
| Free insurance for pledged gold ornaments |
| Low rates of interest |
MUTHOOT MUDRA LOAN
| Offered at South India branches only |
| Loan Amount: ₹1,500 to ₹1 lakhs |
| Highly discounted rate of 11.9% p.a. |
MUTHOOT ADVANTAGE LOAN
| Online Gold Loan (OGL) facility available |
| Offered at branches in South India |
| Loan Amount: ₹50,000 to ₹5 Crores |
| Tenure: 12 months |
| Free insurance for pledged ornaments |
| Attractive interest rate of 18% p.a. |
MUTHOOT HIGH VALUE PLUS LOAN (MHP)
| Online Gold Loan (OGL) facility available |
| Loan Amount: ₹2 Lakh to ₹5 crores |
| Tenure: 12 months |
| Free insurance for pledged gold ornaments |
| Interest rates as low as 14% p.a. |
| Maximum Loan Value offered |
MUTHOOT HIGH VALUE LOAN (MHL)
| Online Gold Loan (OGL) facility available |
| Loan starting from ₹50,000 and no maximum limit |
| Tenure: 12 months |
| Free insurance for pledged ornaments |
| Interest rate as on date as low as 15% p.a. |
| Maximum Loan Value offered |
| Offered at branches in South India |
MUTHOOT BIG BUSINESS LOANS
| Low rates of interest with maximum LTV |
| Tenure: 12 months |
| Free insurance for pledged gold ornaments |
| Online Gold Loan (OGL) facility available |
| Loan Amount: ₹5 Lakhs to ₹500 lakhs as per Schemes |
| Muthoot Big Business Loan Silver @12% p.a. |
| Muthoot Big Business Loan Platinum @11% p.a. |
| Muthoot Big Business Loan Diamond @10% p.a. |
| Muthoot Big Business Loan Elite @ 9% p.a. |
BEST VALUE SCHEME (BVS)
| Offered at South India branches only |
| Loan Amount: ₹50,000 to ₹5 Crores |
| Highly discounted rate of 14% p.a. |
| Tenure: 12 months |
| Free insurance for pledged ornaments |
HIGH VALUE RETENTION (HVR)
| Offered at South India branches only |
| Loan Amount: ₹20 Lakhs to ₹5 Crores |
| Lowest interest rate of 9.9% p.a. |
| Tenure: 12 months |
| Free insurance for pledged ornaments |
What is the difference between Muthoot Finance and Bank
The difference between Gold Loan taken through Muthoot Finance and any bank is that all other banks give Gold Loan at a higher interest rate, like any bank gives Gold Loan at an interest rate ranging from 7% to 12% whereas Muthoot Finance gives Gold Loan at a higher interest rate. Finance gives Gold Loan at an interest rate of only 1%.
Conclusion
Through this post, you have been given all the information related to Muthoot Finance Company, what is Muthoot Finance a Gold Loan company and its complete process, and in our opinion, if you also want to take Gold Loan, then you can also contact Muthoot Finance Company. So I hope that now you know what is Muthoot Finance, if you still have any question then you can ask by commenting.
FAQS
Which company is best for Gold Loan
Muthoot Finance Company is the best for gold loan
What is the interest rate in Muthoot Finance?
The interest rate in Muthoot Finance is 1% and according to your scheme
Muthoot finance ceo
Shaji Varghese is the CEO of Muthoot Finance company
Why should I trust Muthoot Finance?
Because Muthoot finance company is the 100% genuine company it’s does not fraud or scam with any customers