What Is The Difference Between Muthoot Finance And Muthoot Fincorp?

Who is the CEO of Muthoot Fincorp?

Ltd.

Focused and meticulous, Preethi John has made her presence felt as one of the board directors in several companies functioning under the aegis of the Muthoot Pappachan Group..

Is Muthoot Finance shutting down?

Leading gold financing firm Muthoot Finance on Wednesday announced the closure of 15 of its branches in various parts of Kerala through a newspaper advertisement. The company management also kept off a meeting convened by Labour Minister T P Ramakrishnan on Wednesday citing inconvenience.

How many branches does Muthoot Fincorp have?

3600 branchesWith over 3600 branches across India, we endeavour to serve over 100,000 customers a day.

What is muthoot blue?

As Muthoot Fincorp Gold Loan portfolio is designed & developed around Life-cycle and life-stage needs & desires of the customers, Muthoot Blue Guide Gold Loan is designed for our customers looking for financial solutions for their day-to-day and emergency requirements. … You can get a loan up to Rs.

Is Muthoot finance a NBFC?

Muthoot Finance Limited is a gold financing company. The company is a non-banking financial company (NBFC) which is engaged in providing loan (financing) against collateral of gold jewellery. … The company has a network of more than 5,190 branches all over India.

Who is better Manappuram and Muthoot?

Comparison of Gold Loans Provided by Manappuram and MuthootComparison CriteriaManappuramMuthootMax/Min Loan AmountUp to Rs 1 croreRs. 1,500 to Rs. 1 croreLoan TenureUp to 12 monthsUp to 15 monthsInterest RateBase rate + 3% onwards14% onwardsProcessing FeesUp to Rs. 200Up to Rs. 5003 more rows•Aug 11, 2020

Can I sell NCD before maturity?

NCDs cannot be withdrawn before maturity. Since NCDs are listed on the stock market they can be sold in the secondary market.

Who started Muthoot Finance?

M George MuthootMuthoot Finance/FoundersThe company’s operating history evolved over a period of 70 years since M George Muthoot (the father of the promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father Ninan Mathai Muthoot in 1887.In the year 2001 the company obtained the license from RBI to …

What is meant by Muthoot Fincorp?

Muthoot Fincorp Limited provides financial services. The Company offers home, auto, business, gold, and property loans, bonds, insurance, money transfer, foreign exchange, wealth management, and advisory services. Muthoot Fincorp serves retail and institutional industries in India.

Is Muthoot Finance under RBI?

KOCHI: Leading gold loan NBFC Muthoot Finance has received the Reserve Bank of India (RBI) sanction to set up a network of ATMs in the country. … Muthoot Finance has a network of more than 4000 branches.

Is Muthoot Finance safe?

The Muthoot Finance issue is risky since the company’s financial performance is particularly vulnerable to volatility in interest rates as well as of gold prices. The collateral against which the company offers loans may suffer erosion in value by the time principal amount is recovered.

Is Muthoot a bank?

The company was incorporated as a private limited company on 14 March 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act. … In May 2018, Muthoot Finance acquired Muthoot Money, a Non Deposit taking Non-Banking Financial Company.

How much is gold loan per gram in muthoot?

Muthoot Gold Loan Rate Per Gram by Gold PurityGold PurityGold rate per gram- average of past 30 daysMuthoot best Gold Loan per gram22 carat₹ 48,871₹ 3,29920 carat₹ 44,428₹ 3,29918 carat₹ 39,986₹ 2,6995 days ago

How can I get loan from Muthoot?

If you apply for a higher loan amount, your monthly EMI will be high. Muthoot gives a minimum loan of ₹ 50,000 , which can go upto an amount of ₹ 15 Lakh. Interest rate – Higher interest rate increases your loan EMI as well as the total cost of the loan.

Who are Muthoot Fincorp competitors?

Muthoot Finance’s top 14 competitors are Esaf Microfinance, Manappuram, Shriram City, Muhtoot Fincorp, Kosamattam, Reliance Capital, Bajaj Finserv, Orange Retail Finance India, CIFCL, Shriramchits, Samasta Microfinance, STFC, L&T Financial Services and Suryoday.

Is Muthoot Fincorp listed?

Kerala-based Muthoot Pappachan Group, which has diversified businesses including financial services, is expecting two Initial Public Offerings (IPOs) in the next three years including the listing of its flagship Non-Banking Finance Company (NBFC) Muthoot FinCorp Ltd.

What is the interest rate in Muthoot Finance?

11.99%Muthoot Gold Loan Interest Rate Calculator Lowest Gold Loan Interest Rate in Muthoot is 11.99%. The factors that are used by Muthoot to calculate interest on gold loan are loan amount, loan tenure and loan required as a percent of value of gold jewelry.

How many gold loan companies are there in India?

List of Top 10 Banks / NBFCs offering Gold Loan in IndiaGold Loan ProvidersInterest RateLoan AmountAxis Bank13% p.a. onwardsRs.25,001 to Rs.25 lakhManappuram FinanceUp to 29% p.a.Rs.1,000 to Rs.1.5 croreFederal Bank8.50% onwardsRs.1,000 to Rs.1.5 croreBank of Baroda8.75% p.a.Up to Rs.25 lakh6 more rows•Apr 22, 2020

How do I find my Muthoot Fincorp reference code?

How to get reference code for Muthoot Fincorp? To get the reference code, sign in to the Muthoot Pay’s website using your credentials and check your Reference Code there.