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|
About Muthoot Finance Gold Loan
Gold is the most essential and valuable ornament in the Indian tradition. It is used by various people only to decorate themselves, but now, its usage is extended to a higher limit. Now it can be used for claiming loans also. Now people buy gold so that they can use it in the case of an emergency. So here is Muthoot Finance Gold Loan, that provides the maximum value for your gold.
Muthoot Finance Gold Loan Eligibility
Here are the points which show that the is the eligibility of the person for taking a Muthoot Gold Loan:
- First of all the Muthoot Finance says that anyone can apply for a loan with them, which means that the person can be a professional, salaried, business person, a person of regular income group, etc.
- The applicant should be of at least 18 years of age.
- No minimum income of the applicant is required.
- The gold ornament should be between 18 karats to 22 karats.
- The gold should be of the applicant or should be of his family member.
Muthoot Finance Gold Loan Features
- Muthoot Finance doesn’t accept gold in the form of gold bars and gold coins.
- Starting amount of that can be provided to the customers is Rs. One thousand five hundred here and it can be extended up to one Crore.
- Time for the disbursal of the loan is very less here. You will be able to get the amount of loan in your account within a few minutes.
- Muthoot finance provides very tight security to the gold assets offered by the customers. Customer’s gold is kept under three-layer guard. So there is no risk.
- Muthoot finance provides the facility of prepayment, and there are no penalty charges for this.
- The customer can return the loan amount from 1 day to 36 months.
- 1% of the loan amount is charged as the processing fees.
- There are no charges for the for closure.
- There are no prepayment or part payment charges.
- Service tax and other governmental tax charges will be applied.
Muthoot Gold Loan Interest Rates
The Interest Rates can be seen as under:
- The interest rate of Muthoot Finance Gold Loan starts from 12%. More the interest rate more will be the EMI.
- You can pay back your loan in two ways. Either you can keep the EMI constant and change the time period of the loan Or you can decrease the EMI and keep the time period of the loan same.
- The interest rate for one month is 11%.
- It will be 15% for 1 to 3 months.
- For 3-12 months the interest rate will be 20%, and for more than 12 months it is 21% onwards.
Muthoot Gold Loan Online Payment
Muthoot Gold Loan Finance provides you the facility to pay your gold loan anytime from anywhere in the world! For this, all you need is a Paytm account. The Muthoot Finance gold loan online payment can be made quickly through Paytm. All you need to do is login paytm.com, and then you need to select your financial service provider, enter your loan number and make your repayments through your Paytm Wallet, Debit/ Credit Card or Net Banking accounts as per the wish of the customer.
Muthoot Gold Loan Documents
- The whole process is straightforward and straightforward. Documents required in the straightforward form. You instantly get a gold loan after issuing the documents. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
- Two passport size photos, a passport is needed because a passport has a name, age, address, and a photograph of the customer. If you have a passport, then there is no need to bring your address proof separately. But the passport should not be expired.
- Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
- Driving license is also regarded as a proof of identity and residence evidence because it contains the name, date of birth, and a photograph of the customer. But the condition is that it should not be expired.
- Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
- PAN card is the permanent account number that is provided to the customers, and it prevents the financial frauds. So it is also considered as an identity/residence proof. Pan card is an essential document under KYC (know your customer)
- Ration card is also considered as a residence proof because it provides enough information about the applicant.
Muthoot Finance Gold Loan
Muthoot Finance is the biggest gold financing company in India. This financial organization is not only in India, but it has its’s business in other countries like the UK, US, and the United Arab Emirates. It is a well established and trustworthy financial organization. There is no risk of fraud. It has accomplished excellent relations with customers. It provides its services to 2 Lakh people per day. So if you want to apply for a gold loan, you can easily apply for Muthoot Finance Gold Loan online at lendingwale.com. You have to give your gold to the organization as security. The organization will provide your loan amount with some interest. When you pay back your loan amount with interest within the given period of time, you will get back your gold loan. There are so many benefits that Muthoot Finance provides to its customers.
How to apply on lendingwale.com
Steps to apply
- Search for lendingwale.com on google.
- A form will open up.
- Fill it with the required information.
- Our Relationship Manager will assist you as soon as possible and help you get your Gold Loan.