So you don’t need to worry even a bit. It is reliable to pay interest … In general Loan on Gold, the credit is available at a low-interest rate. Uh-no! As we told you, you will get the loan amount by putting your gold ornaments and jewelry as the collateral. No extra price is charged for iMuthoot app. 7.75% – 8.50%. On the basis of your selection, enter your ‘Customer ID’ or your registered ‘Mobile Number’. Past Relationship with Muthoot. The minimum tenure for which you can avail a gold loan is 7 days. The eventual loan amount, of course, will depend on your gold value. One thing you also need to remember is that interest will be only applicable to the reducing balance. The processing fee will remain as 0.25% of the loan amount which can be a maximum of INR 1,200. The interest rates start from 15% per annum. South Indian branches – Rs.10 per ordinary notice (up to 3 notices) and 4th notice registered is Rs.70, Rest of India – Rs.30 per ordinary notice (up to 3 notices), 4th notice registered is Rs.100, and auction notice charges being Rs.120. You can choose the one which fits your repayment capacity. Well, to estimate the overall value of your gold, Muthoot Finance used the average price of the Gold for the last 30 days. Muthoot finance LTD red is under monetory control of RBI.They are reporting to CIBIL once in quarter.Perhaps score changes based on loan age whether it is performing asset or NPA . The maximum tenure for which you can avail a gold loan is 12 months for all the regular gold loan schemes and 36 months for the EMI based gold loan scheme. Past performance is not an indicator of future returns. Manappuram. The interest is charged on monthly compounding basis. Dealers, traders, shop owners, property dealers, and people belonging to the business community can avail special advantages through this scheme. The loan amount depends on the purity and value of your gold. If you want to part release and part payment towards principal and interest, you can do this through this loan. ‘Sign-up here’ option under the login field. Muthoot Finance Gold Loan– Get Gold Loans in 5 Minutes from muthoot.Check Interest Rates, EMI, Eligibility & Documents under various schemes of muthoot finance in all over India. Know about the various schemes, applicable interest rates and maximum loan eligibility, You can check the Gold Loan Rate in the residing Area, Interest and Principal Portion of your Gold Loan, Know about your Gold Loan Eligibility Amount, You can know the location of the nearest Muthoot Finance Branch, You can also schedule an appointment in the nearest branch to know more products, Details of various Muthoot Finance products, Information about Blood Donors in your Area. Interest rate: The interest rate ranges from 12% to 27% and is specific to different states and … Muthoot Fincorp Gold Loan interest calculator helps you know how much loan your jewellery can fetch. Moreover, the reason behind that the gold … So, keep reading to learn more about Muthoot Finance Gold Loan. While the rate shall be the lowest for the schemes where advance amount vis-à-vis the weight of gold … 24% per annum is charged for late EMI payments for loans under the MIS scheme. Apart from the assorted range of financial services that we provide on a global platform, our “gold loan” service in the UK market is a rage. The interest rate applicable on a home loan depends on the type of loan … Rest of India – Rs.5 per transaction, As per the applicable rates of the respective states, 2% rebate if 100% interest paid on a monthly basisÂ, 3% rebate if 100% interest paid on a monthly basisÂ, 2%% rebate if 100% interest paid on a quarterly basisÂ, 2% rebate if 100% interest is paid on a monthly basis.Â. This is surely an amazing way to opt for the top-up loan amount for customers who have already taken any of the Muthoot Gold Loan facilities and require an additional amount. As you can see the name of this scheme has BIG in it, it stays true to its name by giving your big value, big advantages, and big awards by opting for this loan. Download The Economic Times … You will be redirected to a new webpage wherein you will 2 options. Six Things About Gold Loans You May Not Know, Best Cashback & Rewards Credit Cards in India. For this, you can visit the nearest branch of the Muthoot Finance and know about the value of your gold. Identity Proof – Aadhar Card/ PAN Card/ Voter ID Card, Address Proof – Ration Card/ Driving Licence/ Aadhar Card. For such big purposes, Muthoot Finance provides Blue Power Gold Loan where you can get a loan amount ranging from INR 3 lakh to anything less than INR 8 lakh. to 27% p.a. Online Gold Loan. What are the Different Kinds of Muthoot Gold Loan Schemes? Some of the key features of Muthoot Gold loan include: Quick loan … The rate of interest offered by Muthoot Finance Home Loan is linked to the Retail Prime Lending Rate (RPLR), which currently stands at 15.95%. How to Contact Muthoot Finance Customer Care? So, apply for the Muthoot Finance Gold Loan and avail the best offers on your product. Gold Loans by Muthoot Fincorp. Assured custody of the gold ornaments against which the loan amount is availed. A GST rate of 18% will be applicable on banking services and products from 01 July, 2017. Muthoot … This scheme places the gold as an “additional bank limit” to fund the growth of the respective businesses. Click on the ‘New user? Just dial 1800-102-1616 and the representatives will hear your problems with patience and give you the plausible solution. Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. For all the transactions and payments in relation to Muthoot Finance, you can use the online platform as well. In order to avail a gold loan from Muthoot Finance, you can pledge any type of gold – in the form of ornaments/ jewellery, gold coins, etc. The interest rates start from 15% per annum and the final rate will be fixed based on your overall profile. Privacy Policy. It’s hard to believe, but it is the truth! The lower gold loan interest rate at Muthoot Finance is because of its secured nature. All these needs can be easily fulfilled by this loan facility. Loan Tenure: 5-30 years. You can avail a loan amount of as low as Rs.1,500. This offer has lower rates compared to its last offer of October 2020. The Muthoot Advantage Loan or MAL is a special gold loan scheme which is specially designed for individuals who are looking for a fairly decent per gram rate as well as lucrative interest rates. In case you have a query regarding any of the Gold Loan Schemes provided by Muthoot Finance, you can get in touch with their customer care representatives. Please rotate your device for optimal display. Go through this article to know more about Muthoot Gold Loan! Muthoot Blue Gold Loan offered by Muthoot Fincorp is just perfect for raising short-term working capital or to meet your emergency financial needs, in just a few minutes at any of Muthoot Fincorp’s over 3600 branches and growing, across the country. It is possible that a person applies for a loan or service with … You can choose a repayment period from 9 to 12 months according to your repayment capability and fund requirements. Enter your number below. The Muthoot Delight Loan or MDL has been specially designed for borrowers who are looking for a loan amount of up to Rs.2 lakh and paying lower interest. interest rate on gold loan interest rate Muthoot Finance Manappuram Finance gold loan Provident Fund secured loan (Click here to know how to save on taxes for the financial year 2020-21.) It comes with different loan disbursement options and digital payment services. For example, if your overall gold value is INR 2 lakh, you could get a maximum loan amount of INR 1.5 lakh. Q. The Muthoot High Value Loan or MHL is another specially curated gold loan scheme offered by Muthoot Finance. However, you need to remember that 36 months’ tenure applies to those individuals who are opting for a loan amount above INR 5 lakh. Fantastic! Let’s know about them in detail so that you could choose the suitable one for you without any stress. To use this calculator, you just need to follow these simple steps. SBI Gold Loan. Opting for a Muthoot Finance Gold Loan is so easy that you can get the loan amount anywhere, anytime with the help of over 3600 branches across the country. The processing fee of INR 50 is inclusive of GST, plus there’s a free registration of the NACH. The actual interest rate varies depending on the gold purity, loan value and the … The calculator is quite quick and accurate, so this process will be hassle-free. NOTE: Rs. One of India’s first services by Muthoot Finance, individuals who have not taken up their maximum permissible loan amount by now, can opt for the loan amount without visiting the branch at any hour of the day all year. There is no cap in the maximum loan amounts. Deal? This Muthoot Gold Loan scheme is perfect for those individuals who are looking to fund their small day to day requirements. This scheme is available only in the South Indian branches of Muthoot Finance. How Gold Loan Interest Rates are Determined in India? Considering falling interest rate scenario, coupon rates are reasonable. Now you must have got a basic idea about all these schemes. Muthoot Finance Gold Loan is the largest and one of the leading financing company to offer gold loan. We’ll be in touch very soon (and we promise not to be pesky!). Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). Seeking a gold loan to meet your urgent needs? As soon as you click on that option, you will need to submit a few details like your name, Mobile Number, email id, residing city. So with the 24*7 Express Gold Loan facility, you can opt for the remaining INR 60,000 at any hour of the day by just sending an SMS to 7994999999. Fill in the fields with your ‘User Name’ and ‘Password’ and click on the ‘Login’ button. 14.00% – … With this tool, you can know the best value for the gold you are putting as collateral. Moving in step with the digital era where people find the 'Online' medium more convenient to make transactions and payments, Muthoot Finance India, India's largest gold loan company has launched its new online interest payment service ‘Muthoot … The Muthoot Ultimate Loan or MUL are ideal for the individuals who are looking for a gold loan wherein they can avail maximum loan amount and also earn discounts by making timely payments of their monthly interests. Being a secured loan, the interest rate on gold loan is much lower than personal loan or other forms of unsecured credit. This content is best experienced in portrait mode. Is iMuthoot personal gold loan affordable? However, the maximum cap is higher at INR 3,600. Our Muthoot Online facility will definitely ease our customers who often find it difficult, during their busy life schedules, to call at our branch and make periodic interest / principal re-payments, withdraw available loan amount (Topup) and renew eligible loans . Uh-oh! After you submit the application, the representatives of Muthoot Finance will contact you regarding your loan application. Each scheme has their own advantage and cater to different needs and types of customers. Is Gold loan amount affected by gold … Muthoot Finance offers mainly five types of gold loan schemes. If you are wondering about the secured nature, then let us tell you that your gold ornaments work as a collateral or security against the loan amount you will get. Age: Above 18 years: Minimum loan … Banks. And your loan amount will depend on the overall value of your gold. Small Business Loans Muthoot Fincorp offers Small Business Loans … This number appears Incorrect/ invalid. A. You only need a basic phone to send the SMS and the amount will be transferred into your account instantly. What’s also impressive is that the lender provides different gold loan schemes customized to meet different requirements of the customers. The Muthoot One Percent Loan is meant for customers who are looking for a gold loan at lower interest rates. Muthoot Finance Gold Loan Interest Rates @12.00% - 27.00% How to Apply. Muthoot Finance Home Loan Interest Rates. Please re-enter your phone number. As we told multiple times before that the documentation process is quite simple and minimal. These are the Blue Guide, Blue Bright, Blue Power, Blue Big, and Blue Smart Gold Loans. The sanctioned loan value depends on the purity of your gold jewellery and the existing gold prices adjusted for the loan … Want to get Loan Against your Gold? with 3% rebate if 100% interest is paid monthly (30 Days) & 2% rebate if 100% interest is paid quarterly MUTHOOT ULTIMATE LOAN (MUL) Online Gold Loan … Lowest EMI Per Lakh: 2,162 for 5 years The interest rate for Muthoot gold loan starts from 12% per annum. Gain an edge by connecting with us via email. Muthoot Finance understands this aspect very well, and that’s why there are so many schemes which you can choose from. Through Muthoot Finance Ltd. gold loan services you can avail cash against your gold within a few minutes. The representatives over there will tell you about the gold loan schemes in detail and help you at each step of the process. Muthoot Finance Gold Loan Interest Rate is 7.10% per annum Muthoot Finance Gold Loan Per Gram is ₹ … You can also make the payments on a daily, weekly or monthly basis and your interest rate will be fixed even if there is a delay in your monthly repayments for some reason. Gold is evaluated by trusted in-house agents. You can have a look at the list of documents below. You will have to submit the basic KYC documents to apply for this loan facility and the interest rates start from 19% per annum. At such times, they could require funds for their downpayment of the car, funding their travel or marriage, or for setting up a new business. The app is free of cost, it is an additional benefit offered to Muthoot Finance customers. You should choose the one which is most suitable for you according to your income, requirement, and repayment capability. This includes Kardahs, necklaces, polka sets, rings, pendants, watches, bracelets, bangles, etc. Uh-oh! We offer short-term and long-term deposit plans, according to your preference, Our schemes include monthly interest plans, annual interest plans, and maturity plans, offering interest rates … The top non-banking finance company (NBFC) offers impressive loan amounts based on the value of the gold ornaments you submit to it. You can get a maximum loan of upto INR 1 lakh. Security: The loan is provided against the collateral security of gold ornaments and gold coins. The processing fee is merely ranging from INR 12 to INR 20. The rebates offered on interest rate of the gold loan availed under the Muthoot Super Loan (MSL) scheme, Muthoot Premier Loan (MPL) scheme, Muthoot Ultimate Loan (MUL), and Muthoot Super Saver Scheme (SSS) scheme are as follows: Customers who are citizens of India can avail a gold loan from Muthoot Finance after providing their gold ornaments and a few necessary documents. Rs.20 for loan amount exceeding Rs.10,000, 0.15% of the loan amount, subject to a maximum of Rs.600 and minimum of Rs.50, South Indian branches – Rs.2 per transaction Rate of interest is 23.5% p.a. We promise never to spam you. This number appears incorrect/invalid. The Muthoot High Value Loan Plus or MHP is ideal for customers who are looking for gold loans at low interest rates. This Gold loan scheme by Muthoot Finance is designed especially for those individuals who are independent or are earning their livelihood. And apart from this, you can also know the interest rates at which you will get the loan and the number of required EMIs for the repayment. The Muthoot EMI Scheme or MES is ideal for all salaried individuals and professionals, who are looking for a gold loan and can repay it through EMIs instead of bullet payments or a lump sum payment. The processing fee for this loan is the same as the Blue Power gold loan scheme standing at 0.25% of the loan amount. We'll process your application faster too! The best thing about this is if you want to prepay your loan amount, there will be no extra charges for it. Other than this, if you want to pay the total principal and interest amount in one go, you can opt for the Bullet Repayment Method too. In order to know more, kindly get in touch with any branch of Muthoot Finance. Interest Rates. No, there is no need to have a third-party/ external guarantor in order to avail the gold loan from Muthoot Finance. Check and Compare Gold Loan Interest Rates of Various Bank in India. Muthoot Finance Blue Guide Gold Loan Scheme, Gold Loan Apps: Everything You Need to Know About, Muthoot Finance Blue Big Gold Loan Scheme, Muthoot Finance Blue Big Smart Gold Loan Scheme, Muthoot Finance 24*7 Express Gold Loan Facility. Psst... We'll ensure you're the very first to know the moment rates change. Click on the ‘Search’ option after that and follow the on-screen instructions to set up your login credentials. Most competitive LTV and Interest Rates. To know more about this, you can also contact the customer care number which is 1800-102-1616. Name of Scheme : Muthoot Finance Gold Loan : Rate of Interest : 12% p.a. Remember to have all these documents in check so that your application may not get rejected due to this. Super Saver Scheme or SSS offers gold loan with loan amount starting at Rs.199 lakh. Now you have got enough information about all the Gold Loan schemes by Muthoot Finance, so you must want to know about the process through which you can apply for it. What are the key features of Muthoot Gold Loan? Muthoot Fincorp offers Gold Loans at reasonable interest rates and maximum value for the pledged ornaments from its close to 3500 branches in India. With the help of the Muthoot Gold Loan Calculator, you can know the loan amount you can get based on your gold value, your eligibility. The Muthoot Super Loan or MSL is offered to those customers who wish to avail a higher loan amount against their gold and also wish to avail the benefits of discounts arising out of timely repayment of the loan. 1,500 is the documentation charged for limits sanctioned for MOS scheme. Muthoot Finance Gold Loan Interest Rates Below-provided is a list of Muthoot gold loan interest rate. With this loan facility from Muthoot Finance, you can opt for as low loan amount as INR 5,000 at interest rates starting from 15% per annum. Check Best Offers: Processing Fee: Upto 1.5%. This scheme is most beneficial for customers running their own business, property dealers, traders, shop owners, builders, etc., who are looking for a loan with an extended loan repayment tenure. Muthoot Premier Loan or MPL is a gold loan scheme for borrowers who wish to avail loan amount starting at Rs.1 lakh for a tenure of 1 year. Muthoot gold loan Interest Rates start from 12% per annum. 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