Muthoot Finance Gold Loan | Interest Rates | EMI | Apply

Muthoot Finance Gold Loan- Get Gold Loans in 5 Minutes from muthoot. Find Interest Rates now, EMI, Eligibility & Documents under various schemes of muthoot finance in all over India

The Muthoot Gold loan portfolio is the largest in India as well as all around the globe. It is humbling to know that more than 80,000 people avail our trusted services on a daily basis.

For the past 127 years, the company has been serving the interests of customers as its top most priority. Our journey through centuries coupled with the fact that we are still a rapidly growing company highlights the trust and commitment that our customers worldwide have shown in us.

With Muthoot Finance Ltd. gold loan services, it takes no more than a few minutes for your gold to generate cash. The simple procedure that we follow allows:

  • Quick Loan disbursal
  • Loan limit stretches from Rs. 1500 to Rs. 1 crore
  • Pre-payment option-without any penalty
  • Minimal documentation
  • In-house gold evaluation
  • Improves customer service in a shorter response time
  • Strong rooms for providing safe custody for gold ornaments

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Who is eligible to avail a Gold Loan?
Anyone, above the age of 18, can avail a loan against gold. All they need to provide are the gold ornaments and the required documents.

What is the minimum/maximum tenure of the gold loan?
The minimum tenure for our gold loan is 1 day and maximum tenure for our gold loan is 15 months, each loan has a different tenure (please refer to table below).

What type of gold can I pledge to avail the gold loan?
You can pledge any type of gold jewellery/gold ornaments with us. This includes items such as necklaces, rings, bracelets, watches, ‘Polki’ sets, pendants, ‘Kardahs’, etc.

What is the minimum limit on your gold loan?
The minimum amount of our gold loan range is Rs.1500

What is the maximum limit on the gold loan?
The maximum limit on gold loan range is Rs. 1 crore.

Is my Gold jewellery/ornaments safe with Muthoot Finance Ltd.
Yes it is. Banks understand the sentiment attached to your ornaments and therefore we have installed specialized safe rooms and CCTV cameras for around the clock surveillance in all of our 4100 plus branches. The gold items pledged with Muthoot Finance Ltd. are entered into our systems and all submissions are locked away in tamper proof packaging.

Interest Rates of Muthoot Gold Loan 2014

Scheme Slab Period/s Rate of Interest
Best Value Loan (MBL) upto 1 month 14%
1 > 3 months 17%
3 > 6 months 21%
6 > 12 months 24%
above 12 months 26%
True Value Loan (MTL) 3 months 18%
6 months 22%
12 months 24%
above 12 months 26%
Xpress Loan (MXL) 6 months 21%
12 months 24%
above 12 months 26%
Super Loan (MSL) 3 months 22%
12 months 24%
above 12 months 26%
Muthoot Advantage Loan (MAL)* 3 months 18%
6 months 21%
12 months 24%
above 12 months 26%(including penal interest@2% p.a)
MIL 1 month 20%
3 months 22%
above 3 months 24%
above 12 months 26%
MHL 3 months 16% (service charges applicable @0.5% of loan amount)
12 months 18% (service charges applicable @0.5% of loan amount)
above 12 months 20% (service charges applicable @0.5% of loan amount)
MML 1 month 12%
3 months 15%
6 months 20%
12 months 24%
above 12 months 26%
FBL 12 months 18%
Convenient Consumer Loan (CCL) 12 to 36 months 11% flat

“There is traditional perception that to avail of a gold loan is a desperate measure. The truth is quite the contrary, and by availing of a gold loan, one can change the profile of gold holdings from an idle asset to a productive asset”, says TMG managing director George Alexander Muthoot.

Their efforts show the house-wives what the family’s gold holdings can achieve for their husband’s business. The group’s recently-launched gold loans at an interest rate of 1% a month offered had been well received in the market, prompting even those who had not previously considered taking a gold loan to avail of the scheme. Muthoot said many also realized how gold loans could work out cheaper than personal loans and loans on credit card accounts.

About the Company…

TMG, has interests in the hospitality and medical sectors, hired 4,000 employees during the current fiscal, taking its staff strength to over 12,000 across 1,600 branches in India.

TMG, has over 100 branches in the Delhi region, and is associated with the Delhi Daredevils team for the new IPL season. They have plans to expand its presence in the north. In the south, TMG has over 450 branches in Kerala and 380 in Tamil Nadu, besides a strong presence in the other southern states.

Being India’s largest gold loan service provider, safeguarding the deposits of gold ornaments is our primary concern. A flexible interest rate policy is what helps us cope with volatile markets. Muthoot gold loan range starts from Rs. 1,500 and stretches up to Rs. 1 Crore. Serving over 80,000 customers daily, assist almost every section of the society in obtaining quick cash for leveraging their dreams.

 

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