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44%
2.07 

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Verified Member MouthShut Verified Member
Ahmedabad India
Think before taking gold loan
Feb 06, 2017 08:33 PM 6366 Views (via Android App)

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I have taken loan from muthoot finance against gold before two years back from DAMAN branch. I have paid all the interest on time. One day news came that burgler have theft all the gold jwelleries from the same branch and I lost my all the jwellery. What kind of securities they are providing? Even before one month back I see same incident happened in Dhoraji branch of Muthoot finance. After losing my gold police never caught the burglers. After repitative follow up for 4 months they have decided to provide balance money to people. They have calculated basic price of same day and less 10% of rate given to customers. Worst thing making charges they provided was 1.5 % . Rediculous people. It is better to get gold loan from bank, who has better security.


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