What is muthoot gold loan?

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Accepted Answer

Muthoot Gold Loan is a type of loan where gold is used as collateral.

Muthoot Finance is a leading gold loan company in India.
The loan amount is determined by the value of gold pledged.
The interest rates are usually lower than other types of loans.
The loan tenure can range from a few months to a few years.
The borrower can choose to repay the loan in installments or as a lump sum.
If the borrower fails to repay the loan, the gold is auctioned off to recover the amount.
Muthoot Gold Loan is a popular choice among people who need quick and hassle-free loans.