eSwarna is an Android application developed by financial company Muthoot Fincorp Ltd., well-known in India. This utility allows clients to buy, sell, and invest in gold.
Investing and loans
With eSwarna, users have access to real-time market updates and stay on top of prices. This utility offers so-called Gold Accumulation Plans or GAPs. Clients can choose a specific amount they wish to invest periodically, and the app will accumulate the gold on their behalf.
Furthermore, eSwarna customers can apply for a loan, which is a type of secured credit that uses gold as collateral. The utility allows clients to calculate the amount of money they are eligible for based on the value of their holdings. It also provides information on interest rates and repayment options without the need for paperwork.
Security
The app offers enhanced storage facilities, thus your holdings are safeguarded under security measures. Additionally, eSwarna provides the option for you to request physical delivery of your gold. You can choose from a wide range of products, including coins, bars, as well as jewelry, all certified for purity and authenticity.
Features
- it is possible to invest in gold;
- is primarily intended for Indian users, similar to Aavas Loan;
- there is a wide range of products, such as bars, coins, and jewelry;
- clients can apply for loans with gold as collateral;
- app is free to download and use;
- compatible with current Android versions.
