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Muthoot Finance Gold Loan

    I have read, understood and hereby accept the customized Term & Condition for Lendingwale in relation to collection of information.

    Muthoot Finance Gold Loan Key Features – Apply Now!

    Muthoot Finance Gold Loan Interest Rate 7.11% per annum
    Muthoot Finance Gold Loan Per Gram Rate Per Gram Today is ₹ 5,032
    Muthoot Finance Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
    Muthoot Finance Gold Loan Processing Fee 1.50% of the Principal Loan Amount
    Muthoot Finance Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
    Muthoot Finance Gold Loan Repayment Tenure 3 Months to 24 Months
    Muthoot Finance Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

    Advantages of Muthoot Finance Gold Loan

    • Fast Procedure: You can take a Gold Loan from Muthoot Finance easily and speedily without any obstacles. The loan gets permitted in just 60 minutes.
    • Fewer Documents: The documentation progression is steady here; fewer documents are necessary for the gold loan in Muthoot Finance.
    • Transparent System: Muthoot Finance proposals comprehensive transparency to their client; and that is, there are no unidentified charges.
    • Amount of Loan: The least amount of loan that Muthoot Finance can provide to their client is Rs. 15,000. And, in rural districts, it can be less than Rs 10,000.
    • Protection of Jewellery: One important thing to note is that the Bank takes complete accountability for the protection of your gold. Afterwards, they kept the gold in fire-proof safety.
    • Loan Tenure: The time-period of the Gold loan in Muthoot Finance can be from 3 months to 2 years. Afterwards, you can pick your luxury accordingly.
    • Profits for Ranchers: Muthoot Finance offers some different deals for agricultural purposes. Muthoot Finance offers a nominal Gold Loan interest rate for agronomic purposes.
    • No Debt Issue: There can be a set of circumstances like in which if an applicant is not able to repay the amount of loan, in that instance the applicant will not be under any debts as the Bank will only seize the applicant’s ornaments.
    • No Income borders: There are no restrictions on the salary or income of the applicant; henceforth, anyone with any salary range can apply for a gold loan in Muthoot Finance.

    How Much Gold Loan can I Get through Muthoot Finance Gold Loan

    Muthoot Finance Gold Loan Per Gram – Updated September 2020

    Gold Loan Interest Rate of Major Banks

    Bank

     Interest Rates

    HDFC Bank Gold Loan

    7.11% – 14.50%

    ICICI Gold Loan

    7.11% – 16.10%
    Muthoot Finance Gold Loan

    7.11% – 24.00%

    Axis Bank Gold Loan

    7.11% – 17.11%
    Manappuram Gold Loan

    7.11% – 26.00%

    Yes Bank Gold Loan

    7.11% – 15.99%
    Bank of India Gold Loan

    7.11% – 26.00%

    Federal Bank Gold Loan 

    7.11% – 13.50%
    IIFL Gold Loan

    7.11% – 12.00%

    Central Bank of India Gold Loan

    7.11% – 14.65%

    Canara Bank Gold Loan

    7.11% – 12.65%

    Allahabad Bank Gold Loan

    7.11% – 10.45%

    Induslnd Bank Gold Loan

    7.11% – 15.75%
    PNB Gold Loan

    7.11% – 11.75%

    Bajaj Finance Gold Loan

    7.11% – 26%
    SBI Gold Loan

    7.11% – 15.99%

    Indian Bank Gold Loan

    7.11% – 15.99%
    UCO Bank Gold Loan

    7.11% – 26.00%

    Kotak Mahindra Bank Gold Loan

    7.11% – 13.50%
    Syndicate Bank Gold Loan

    7.11% – 12.00%

     

    Muthoot Finance Gold Loan Eligibility

    Age

    18-70 years of age

    Nationality

    Indian

    Employment Status

    Salaried, Self-Employed

    Gold Quality

    Minimum 18 Carats

     

    Muthoot Finance Gold Loan Documents Required

    Photographs

    2 Passport Size

    Identity Proof

    Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

    Residence Proof

    Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

     

    Muthoot Finance Gold Loan Interest Rate, Fees and Charges

    HDFC Gold Loan Interest Rate

    7.00% per annum

    Processing Fee

    1.50% of the Principal Loan Amount

    Prepayment/Foreclosure Charges

    2%+GST (Within 3 Months), 0 (After 3 months)

    Valuation Fee

    Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

    Late Repayment Charges

    2% p.a. + Applicable rate of interest.

    Renewal Processing Fees

    Rs 350 + GST

     

    About Muthoot Finance Gold Loan

    Life is full of worries and fears. Subsequently, you may need cash to fight with financial problems in your life. In that case, you can get a Gold Loan from Muthoot Finance to fight with the economic emergency. A gold loan is a safe loan. After, the people with reduced CIBIL score can also apply for this service.

    Yet there is a lot of economic Banking and non-Banking organizations that may provide you with the gold loan, but Gold Loan is considered the greatest. Muthoot Finance came into existence in 1887. It is one of the most deceptive and persistent Banks in India. Also, it is known for its robust economic features. Here the transactions are very safe.

    • Muthoot Finance Gold Loan Interest Rate is 7.11% per annum
    • Muthoot Finance Gold Loan Per Gram is ₹ 5,032
    • Muthoot Finance Gold Loan Tenure: Up to 24 months
    • Muthoot Finance Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

    Types of Muthoot Finance Gold Loan

    Muthoot Finance offers some plans allied to the Gold Loan item which are listed below:

    • Loan Against Gold – Muthoot Finance offers Gold Loan at fascinating steps are essential to satisfy anybody’s critical need of assets for any reason whether individual or professional. The gold credit is made sure about the type of loans, and then, the Bank has no danger in giving the entirety to the applicant, so it is given at a slower step of best when associated with different types of Loan items.
    • Loan Against Gold for the Farming industry – Muthoot Finance offers Gold Loans clearly to farming industry purposes to ranchers at a rare step of interest when connected with gold loans given for different possibilities. They are given multiple offers, and at the time of taking the loan, you have to give the Bank your Property evidence.

    Muthoot Finance Gold Loan EMI Calculator

    Rate of Interest
    6 months
    1 Yr
    2 Yrs
    3 Yrs
    7.00% 17008 8652 4477 3088
    8.00% 17058 8699 4523 3134
    8.50% 17082 8722 4546 3157
    9.00% 17107 8745 4568 3180
    9.50% 17131 8678 4591 3203
    10.00% 17156 8791 4614 3227
    10.50% 17181 8815 4637 3250
    11.00% 17205 8838 4661 3274
    11.50% 17230 8861 4684 3298
    12.00% 17254 8885 4707 3321
    12.50% 17279 8908 4731 3345
    13.00% 17304 8932 4754 3369
    13.50% 17329 8955 4778 3393
    14.00% 17354 8979 4801 3418
    14.50% 17378 9002 4825 3442
    15.00% 17403 9026 4845 3466

     

    How to Pay Your Muthoot Finance Gold Loan EMI?

    • Standing Instruction (SI): If you are a recent account holder with Muthoot Finance, Standing Instruction is the extremely dependable procedure to pay. Your EMI entirety will be credited logically on the way to the month’s end to month time frame from Muthoot Finance account you show.
    • Electronic Clearing Service (ECS): The program can be useful in the incident that you have a non – Muthoot Finance and may need your EMIs to be charged hence close to the highest limit of the month to month cycle from this record.
    • Post-Dated Checks (PDC): You can present post-dated EMI investigations from a non-Muthoot Finance account at your nearest Muthoot Finance Loan Centre. Another method of PDCs should be accessible in a precise way. It will be great in the manifestation that you note Post Dated Checks will be collected non-ECS states usually speaking.

    Muthoot Finance Gold Loan Contact Number

    Call 9878981144and get immediate help and agreement for your Muthoot Finance Gold Loan. You can now know the premium proposals on Gold Loan obtainable from all Muthoot Finance Branches in all over the country to gain the top deal linked according to your requirements.

    Gold Ornaments Accepted by Muthoot Finance

    • Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are allowable by Muthoot Finance to take a Gold Loan.
    • Quality – The quality of gold must be in between of 18 Carat to 22 Carat. Any gold ornament, which is 24 Carat, cannot be used to take a gold loan.

    Use of Muthoot Finance Gold Loan

    The assets stable by availing Muthoot Finance Gold Loan facility which can be used for plentiful purposes like:

    • To fund any precise hoards like marriage, climbing, instalment of higher education expenses, etc.
    • For all your marketing necessities, such as obtaining new supply, developing marketing, etc., loan facility is accessible.
    • You can also apply for Gold Loan for agrarian ideas. The Bank gives minor charges of interest for Gold Loans that are used for agriculture or related plans.
    I have read, understood and hereby accept the customized Term & Condition for Lendingwale in relation to collection of information.

    FAQs About Muthoot Finance Gold Loan

    • What is the Muthoot Finance Gold Loan?

    Muthoot Finance Gold Loan is a loan system that you can apply for urgent financial help by keeping your gold as safety with the Bank. Also, it comes with great interest rates on Term Loan, Overdraft, and EMI based loan. Customary Gold Loan disbursement time at Muthoot Finance is just 45 minutes.

    • How can I get the Gold Loan from Muthoot Finance?

    You can fluently get the Muthoot Finance Gold Loan by visiting any of the gold loan offering branches of Muthoot Finance, or you can apply online with LendingWale by just sitting at your home and get the best agreements and proposals. Muthoot Finance is one of the central Banks in India that offers Gold Loan features.

    • What is Gold Loan Interest Rate in Muthoot Finance?

    The interest rate for the Gold Loan in Muthoot Finance is 7.11% per annum. The rate of interest is subject to several factors, namely: loan amount, loan time-periods, purity of gold, and connotation with Muthoot Finance.

    • How much Gold Loan can I get per gram in Muthoot Finance?

    The per gram Gold Loan in Muthoot Finance that you can get depends on the purity of your gold. Muthoot Finance decided to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,032 Per Gram in Muthoot Finance Gold Loan.

    • How to check Gold Loan status in Muthoot Finance?

    To check your Muthoot Finance Gold Loan status all, you need to do is, visit the Muthoot Finance Loan Status Tracker web page and fill your details in the form given there and you can track the status resourcefully of your loan from residence and stay updated.

    • How to calculate Gold Loan Interest in Muthoot Finance?

    You can calculate the interest on your Muthoot Finance Gold Loan using LendingWale EMI Calculator which gives you protected amounts based on the info you enter into the calculator.

    • How to Pay Muthoot Finance Gold Loan Interest Online?

    You can pay Muthoot Finance Loan interest online through net Banking on the official Muthoot Finance loan compensation web page. You can also refund your Muthoot Finance Gold Loan on Paytm using your selected payment process.

    • What if I can’t pay the interest on Muthoot Finance Gold Loan for 3 months?

    If you do not pay your Gold Loan for three months, firstly the Bank will remind you of your due payments. And after that, If the payment requests go disregarded an endorsed legal notice is sent demanding the compensation to finish the loan. Non-payment on your Gold Loan will lead to a diminishing of your credit score and also makes you legally accountable to face legal actions by the Bank as well as seizure and auction of your gold.

    • How can I apply for EMI Moratorium on Muthoot Finance Gold Loan?

    For an EMI Moratorium, you can apply on Muthoot Finance Gold Loan now between 1st March and 31st August 2020 and has to be done by communicating the Bank’s customer care or by visiting the nearest Muthoot Finance branch.