Muthoot Finance company is a very friendly finance company for instant cash requirement. If someone is in urgent need of funds they are the right people to go to! Against gold they give money within 5 to 10 mins.
Of course being a pvt. sector company its rate of interest is higher than the banks which is quite understandable.But in banks there are a lot of formalities that have to be fulfilled before they can disburse the money. But if one is in a real emergency like situation and cannot wait for such long time, then they are the right people to look up to.
My personal experience was that I badly needed about Rs. 2 .00 Lakhs all of a sudden. My elder brother had a bike accident and had to be operated immediately as he had an internal hemorrhage. Due to this reason the money was required instantly for which I was not prepared. Then me and my Mrs. had gone to Muthoot Finance with the gold and got the cash for the required operation.
But one policy of the company which is not good. While repaying the loan one can pay the interest and the principle separately. But the last Rs. 5, 000 principle amount has to be paid in one shot.