Jul 30, 2025 09:02 PM
275 Views
No quick money is hassle-free. With that in mind, I tried Muthoot Finance for a gold loan; approval was quick, and the staff were professional at first. But that’s the only positives about them. Hidden charges (often undisclosed at the outset) showed up during disbursal and closure, with vague labels like “SMS fees” and no further clarity from staff. Repayment also felt stressful—miss an EMI, and follow-up calls ramp up aggressively. Some reviewers even claimed interest rates shot up silently, to 30–40% from the initial quote. On the plus side, it’s a trusted one among many and is a widely available gold loan NBFC with strong brand presence. But with such frequent complaints about transparency, harassment, and surprise fees, that doubtful rating on the review platforms firmly rings true.
Bottom line: Convenient if you need a fast gold loan, but enter with caution, and most importantly, check every fee fine-print before signing anything.
