Muthoot Finance Gold Loan

GET GOLD LOAN
AT LOWEST INTEREST RATE

⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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    Muthoot Finance Gold Loan

    Muthoot Finance Gold Loan Key Features – Apply Now

    Muthoot Gold Loan Interest Rate Starting 7% per annum
    Muthoot Gold Loan Per Gram Rate Muthoot Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
    Muthoot Finance Maximum Loan Amount Up to Rs. 1 Crore
    Muthoot Finance Minimum Loan Amount 90% LTV on Your Gold Market Price
    Muthoot Finance Gold Requirement Minimum 18 Carat
    Muthoot Finance Gold Loan Processing Fee 1% of the Principal Loan Amount
    Muthoot Finance Prepayment Charges Nil
    Muthoot Finance Repayment Tenure 36 Months
    Muthoot Finance Gold Loan Schemes Bullet Payment Scheme, EMI Scheme

     

    Introduction to Muthoot Finance Gold Loan

    Muthoot Finance gold loan can be availed to meet an urgent need for cash by pledging one’s gold ornaments or gold coins as collateral. A Gold loan is one of the quickest and easiest ways of borrowing money and can be availed by any existing customer of Muthoot Finance as well as new borrowers. With Muthoot Finance, you will not only be able to avail of the gold loan easily but it will also be at a competitive interest rate.


    gold loan

    Muthoot Finance Gold Loan Comparison With Other Banks

    Particulars Muthoot Finance  SBI HDFC Bank
    Interest Rate 7% per annum 7% per annum 9.90% – 17.55%
    Processing Fees Up to 1% of the loan amount, minimum Rs. 750 0.50% of the loan amount, minimum Rs. 500 1.50% of the loan amount
    Loan Tenure Up to 36 months 3 months to 36 months 3 months to 24 months
    Loan Amount Up to ₹ 1 crore ₹ 20,000 to ₹ 20 Lakh ₹ 25,000 to ₹ 50 Lakh
    Foreclosure Charges Up to 1% of the outstanding amount Nil Nil after 3 months
    Repayment Options Y Y Y
    Lowest EMI Per Lakh ₹ 8,792 per lakh ₹ 3,111 per lakh ₹ 4,610 per lakh


    gold loan

    Tips To Get Gold Loan From Muthoot Finance Fast

    • Muthoot Finance accepts both hallmarked and non-hallmarked jewellery in exchange for money. However, you can get the highest gold loan per gram for any hallmark jewellery, because it reduces the chances of under-valuation by the valuer.
    • Muthoot Finance can adjust the price of 22-carat gold for the purity of gold. Therefore, one should also try to borrow against jewellery of higher purity because it fetches the highest amount for a gold loan.
    • Muthoot Finance will calculate the net weight of the jewellery to calculate the amount of loan against the gold you can get. You can always try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. But Muthoot Finance will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewellery, lower the net weight and value of jewellery which results in a lower amount of jewel loan you can are eligible to get.

    gold loan

    Advantages Of Muthoot Finance Gold Loan 

    1. The lowest rate of interest is 7% per annum
    2. Quick processing.
    3. Your Gold is safe and secured in a Muthoot Finance locker.
    4. You can use the gold loan money for any personal purpose.
    5. Less documentation only, No CIBIL score.
    6. Furthermore, Flexible repayment options as well as lower monthly outflow.
    7. Besides that No processing fees.
    8. Muthoot Finance charges up to .50% on the principal amount in case of a Gold Loan Foreclosure.
    9. Bad credit history, not an issue.
    10. Instant Processing and Disbursal.
    11. You can borrow in thousands to a crore.

    muthoot finance gold loan

    You can call on 9878981144 to avail of the Best Deals and Offers on the gold loan per gram in Muthoot.


    gold loan

    Muthoot Finance Gold Loan Rate Per Gram – Sep 28 2021 

    As per the latest gold prices, Muthoot Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621. You can avail of LTV of Up to 75% of your gold.

    Muthoot Gold Loan Per Gram Rate w.e.f Sep 28 2021

    Gold Weight Gold Purity
    24 Carat
    Gold Purity
    22 Carat
    Gold Purity
    20 Carat
    Gold Purity
    18 Carat
    1 gram 4621 4290 3900 3510
    10 gram 46800 42900 39000 35100
    20 gram 93600 85800 78000 70200
    30 gram 140400 128700 117000 105300
    40 gram 187200 171600 156000 140400
    50 gram 234000 214500 195000 175500
    100 gram 468000 429000 390000 351000
    200 gram 936000 858000 780000 702000
    300 gram 1404000 1287000 1170000 1053000
    400 gram 1872000 1716000 1560000 1404000
    500 gram 2340000 2145000 1950000 1755000


    gold loan

    About Muthoot Finance Gold Loan

    Muthoot Finance is one of the largest Gold Loan providing companies in India which was set up in 1939. Muthoot Finance Gold Loan is one of the leading products in the Industry. Muthoot Finance is a non-banking financial company, and it has 4400 branches all over India. Furthermore, The commercial company has a good reputation, and the company is reliable too. Therefore, there is no risk of fraud at all. Muthoot finance also caters to other financial products like personal loans, but a gold loan is the most popular product. So many people get a Gold Loan to overcome their financial crisis. Therefore, even you can avail yourself of the service of Muthoot Finance Gold Loan to overcome financial hurdles.

    • Muthoot Gold Loan Interest Rate is 7% per annum
    • Muthoot Finance Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621
    • Muthoot Finance Gold Loan Tenure is up to 36 months
    • Muthoot Finance Gold Loan processing fee is 1% or Rs.1000 whichever is higher


    gold loan

    Muthoot Finance Gold Loan Features

    • The gold loan is approved very easily and disbursed quickly.
    • Muthoot finance charges very less processing fees for the gold loan.
    • The amount of gold loan starts from Rs. 18000 and can be up to 1 Crore.
    • Muthoot finance offers the facility of pre-payment. It means that if you want to close your loan before the tenure of the loan, then you can do so without any extra charges.
    • Response time for the queries of the customer is speedy.
    • Tenure can go up to 36 Months.
    • Gold Loan Interest Rates charged by the Muthoot finance are very reasonable in comparison to the other banks. Therefore, the customer prefers only Muthoot finance over other banks.
    • There is a processing fee of 1% of the loan amount sanctioned.

    The company provides three-layered security of the Gold. The Gold is kept very securely in the lockers.


    gold loan

    Benefits of Gold Loan

    A gold loan provides urgent assistance in times of need by allowing a person to obtain the cash within one day. The loan will be used for a variety of items, including the following:

    • A gold loan will be used to help children pay for their tuition.
    • It will help you grow your market or meet your working capital needs.
    • To boost agriculture by purchasing irrigation and other machinery.
    • A gold loan will be a lifesaver in the event of a medical emergency.
    • To obtain an immediate loan whilst on a holiday
    • Gives the impression of having a personal commodity to fund your needs.

    gold loan

    Muthoot Finance Gold Loan Schemes 

    Muthoot Finance Gold Loan Schemes come with certain terms and conditions but can be availed while keeping the gold as a security. The gold kept as security could be jewellery, gold bangles, or any accessory made of gold. With competitive interest rates, easy loan disposal makes it an accessible credit option for people, looking for loans.

    Key highlights of multiple Gold Loan Schemes:

    • The interest rate charged is based on a monthly compounding premise
    • The Rebate is feasible when the interest of the given loan is paid off on time
    • The loan period of all the loans is 360 other than few exceptions as MOS, ZIL, IPL, and MES, 
    • The Loan period for the Schemes like MOS and IPL is twelve months.
    • For schemes such as ZIL and MES, the loan period differentiates from 6 months to 36 months.
    • Few Schemes are functional only in particular parts of India. 
    Muthoot Gold Loan Schemes
    Muthoot One Percent Loan
    Muthoot Ultimate Loan
    Muthoot Gold Loan Overdraft Scheme
    Muthoot Delight Loan
    Muthoot EMI Scheme
    Muthoot Mahila Loan
    Muthoot Advantage Loan
    Muthoot Super Loan
    Muthoot High-Value Loan Plus
    Muthoot High-Value Loan
    Muthoot Super Saver Scheme

    Muthoot One Percent Loan

    Clients from the business network, (for example, merchants, property vendors, manufacturers, and retailers) who are searching for little advances at low-financing costs can decide to apply for Muthoot One Percent Loan.

    Key points of Muthoot One Percent Loan

    • Interest Rate: When the total interest is paid monthly, a 12% interest rate is applicable.
    • Minimum Loan Sum: ₹ 1,500
    • Maximum Loan Sum: ₹ 50,000
    • Loan Period:  12 Months
    • Online availability of Gold Loan:  Available
    • Free Insurance for secured Gold commodities: Available

    Muthoot Ultimate Loan

    Muthoot Premier Loan is most appropriate for clients who need the greatest advance worth and limits on ideal interest instalments. 

    Highlights of Muthoot Ultimate Loan

    • Interest rate: 22% p.a. onwards
    • Minimum loan amount: ₹ 1,500
    • Maximum loan amount: No limit
    • Loan tenure: 12 months
    • Online Gold Loan (OGL) facility: Available
    • Free insurance of pledged gold ornaments: Available

    Muthoot Finance Gold Loan Overdraft Scheme

    Business owners looking for finance can opt for Overdraft Scheme as it perfectly fits their requirements.

    Features of Muthoot Overdrafts Scheme

    • Interest rate: 19% p.a. onwards
    • Minimum loan amount: ₹ 2 lakh
    • Maximum loan amount: ₹ 50 lakh
    • Loan tenure: 12 months
    • Online Gold Loan (OGL) facility: Available
    • Free insurance of pledged gold ornaments: Available

    gold loan

    Muthoot Delight Loan

    Muthoot Delight Loan is for customers who want a gold loan of up to ₹ 2 lakh at a lower rate of interest.

    Key Highlights of Muthoot Delight Loan:

    • Interest rate: 17% p.a. onwards
    • Minimum loan amount: ₹ 1,500
    • Maximum loan amount: Up to ₹ 2 lakh
    • Loan tenure: 12 months
    • Online Gold Loan (OGL) facility: Available
    • Free insurance of pledged gold ornaments: Available

    gold loan

    Muthoot EMI Schemes

    Professional and salaried class customers who prefer paying easy instalments (EMI payments) instead of a lump sum or bullet payments can go for Muthoot EMI Scheme. 

    Specialities of Muthoot EMI Schemes:

    • Interest rate: 21% p.a. (diminishing balance)
    • Minimum loan amount: ₹  20,000
    • Maximum loan amount: No limit
    • Loan tenure: 6, 12, 28, 24, 30, or 36 months
    • No penalty on prepayments
    • Maximum loan value offered
    • A grace period of 3 days for late payment of EMI
    • Freedom to pay one or more EMIs based on your convenience 

    gold loan

    Muthoot Mahila Loan

    Muthoot Mahila Loan is a special gold loan scheme for women. Special interest rates and easy payments are offered in this scheme, especially for women.

    Highlights of Muthoot Mahila Loan

    • Interest rate: 11.9% p.a. onwards
    • Minimum loan amount: ₹ 1,500
    • Maximum loan amount: ₹ 50,000
    • Available at Muthoot Finance’s South India branches only

    Muthoot Advantage Loan

    Customers who want a fairly good per gram rate at an attractive interest rate can apply for Muthoot Advantage Loan.

    Highlights of Muthoot Advantage Loan:

    • Interest rate: 18% p.a. onwards
    • Minimum loan amount: ₹ 1,500
    • Maximum loan amount: Up to ₹ 5 lakh
    • Loan tenure: 12 months
    • Online Gold Loan (OGL) facility: Available
    • Free insurance of pledged gold ornaments: Available
    • Offered at Muthoot Finance’s North, East and West India branches only

    gold loan

    Muthoot Super Loan

    Individuals who want maximum loan amount and discounts on timely interest payments can opt for Muthoot Super Loan.

    Features of Muthoot Super Loan:

    1. Interest rate: 23% p.a. onwards
    2. Minimum loan amount: Rs. 1,500
    3. Maximum loan amount: Rs. 99,900
    4. Loan tenure: 12 months
    5. Online Gold Loan (OGL) facility: Available
    6. Free insurance of pledged gold ornaments: Available

    Muthoot Finance issues a Gold Loan per gram rate of ₹ 3,506 to ₹ 4,621 in line with the current gold rate. The best Muthoot Finance Gold Loan Rate per gram is ₹ 3,506 to ₹ 4,621 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 3,506 to ₹ 4,621.


    gold loan

    Muthoot Finance High-Value Loan Plus

    Individuals, from the business community such as traders, property dealers, builders, and shop owners, looking for a low-interest gold loan can avail of Muthoot High-Value Loan Plus.

    Features of Muthoot High-Value Loan Plus:

    • Interest rate: 12% p.a. onwards
    • Minimum loan amount: ₹ 5 lakh
    • Maximum loan amount: No limit
    • Loan tenure: 12 months
    • Online Gold Loan (OGL) facility: Available
    • Free insurance of pledged gold ornaments: Available

    Muthoot Finance High-Value Loan

    Muthoot High-Value Loan is an ideal financing solution for anyone from the business community looking to avail of a gold loan for a longer period.

    Key Features of Muthoot High-Value Loan:

    • Interest rate: 16% p.a. onwards
    • Minimum loan amount: Rs. 3 lakh
    • Maximum loan amount: No limit
    • Loan tenure: 12 months
    • Online Gold Loan (OGL) facility: Available
    • Free insurance of pledged gold ornaments: Available

    gold loan

    Muthoot Super Saver Scheme

    Customers for whom savings is the priority can go for Muthoot Super Save Scheme.

    Key points of Super Saver Scheme:

    • Interest rate: 11.9% p.a. onwards
    • Minimum loan amount: ₹ 1.99 lakh
    • Maximum loan amount: No limit
    • Offered in Muthoot Finance’s South India branches only
    • No penalty on loan prepayment

    gold loan

    Muthoot Finance Gold Loan Schemes and details:

    Muthoot Gold Loan Schemes* Interest Rate (p.a.) Ideal for
    Muthoot One Percent Loan 12% onwards Customers who require small loans at low-interest rate
    Muthoot Ultimate Loan 22% onwards Customers who want maximum loan value and discounts on timely Interest payments
    Muthoot Overdraft Scheme 19% onwards Business owners
    Muthoot Delight Loan Attractive rates Customers who want loan of up to Rs. 2 lakh at lower rate of interest
    Muthoot EMI Scheme 21% onwards Customers who wish to repay gold loan through EMI payments
    Muthoot Mahila Loan 11.9% onwards Exclusive to women customers, offered at Muthoot’s South India branches only
    Muthoot Advantage  Loan 18% onwards Customers who want to benefit from competitive gold per gram rate
    Muthoot Super Loan 23.0% onwards Customers who want maximum loan and discounts on timely interest payments
    Muthoot High Value Loan Plus 12% onwards Business owners
    Muthoot High Value Loan 16% onwards Customers who need financing for a longer period
    Muthoot Super Saver Scheme 11.9% onwards Customers for who want to save on their loan


    gold loan

    Muthoot Finance Gold Loan EMI Calculator

    Loan in Gold Muthoot EMI is a fixed amount that you pay each month to repay your jewel loan. Muthoot Fincorp Ltd. provides an EMI scheme for gold loans. The table below is illustrative and only applies if the bank offers an EMI scheme on gold loans. Muthoot offers the lowest EMI per lakh loan amount at the lowest gold loan interest rate of 7%. Muthoot’s gold loan EMI is determined by:

    Interest Rate: The greater the interest rate, the greater the EMI. The EMI for a 36-month gold loan from Muthoot at an annual interest rate of 7% percent will be per 1 lakh loan amount. For the identical loan, the EMI will be Rs. 2,973 at an interest rate of 7% percent.

    Loan Period: The longer the loan term, the lower the monthly EMI. With an annual interest rate of 7%, the EMI for a loan with a period of 7 to 36 months would be from Rs. 8,917 to Rs. 2,973. (for 1 Lakh amount) 


    gold loan

    Muthoot Finance Gold Loan Calculator

    Dialabank’s Muthoot Finance Gold Loan Calculator gives you an estimate of the amount of gold loan you can avail basis the following factors.

    • Purity and net weight of gold used in jewellery: Initially the bank will use their instrument to check the value, purity of the Gold, and net weight of gold in your Jewelry. The Gold must be of purity of 18 to 24 carats. Muthoot will also deduct the weight of gems and stones from the jewellery to calculate the net weight of real gold jewellery. All the findings and final calculations will be given in writing.
    • Price of gold: Muthoot Finance will calculate the price of gold to calculate the amount of gold right after the valuer estimates the purity and net weight of gold in your jewellery. RBI has instructed banks to follow the past 30 days average price of 22-carat gold adjusted for purity of gold. So, if the purity of gold is 20 carat, Muthoot will apply the 1 month i.e 30 days average of 22-carat gold multiplied by a factor of 20/22 to adjust the value of gold. You can also check today’s gold rate at Dialabank Permalink.
    • Loan to Value Ratio: After the calculation of the value of jewellery, Muthoot will apply an LTV of up to 75% to calculate your jewel loan amount eligibility. If you are ready to accept a loan amount lower than your maximum LTV, Muthoot may give you a lower rate of interest.

    gold loan

    How to Get The Highest Gold Loan Per Gram from Muthoot Finance?

    • Muthoot accepts both hallmarked, and un hallmarked jewellery as collateral for a gold loan. However, you can get the highest gold loan per gram for hallmark jewellery because it reduces the chances of the valuer undervaluing it. Furthermore, some banks charge lower processing fees when purchasing hallmarked gold jewellery.
    • Muthoot adjusts the price of 22-carat gold to account for purity. As a result, always try to borrow against higher purity jewellery because it will get you the most money for a gold loan. Muthoot will calculate the net weight of your jewellery to determine the amount of gold loan you can obtain.
    • Always try to select jewellery with a minimum of gems and stones. Most banks will subtract the weight of rocks and stones from the total weight of the jewellery. Muthoot will rely on its gold valuer’s report to determine the net weight. The greater the weight of gems and stones in jewellery, the lower the net weight and value of jewellery, resulting in a lower amount of jewel loan you are eligible to receive. Muthoot will not accept diamond jewellery if the gold used is less than 18-carat purity. The majority of diamond jewellery is made of 16 carats to 18-carat gold, resulting in a meagre gold loan per gram.
    • Always strive for the highest LTV on the value of gold. The RBI allows Muthoot to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.

    gold loan

    Muthoot Finance Gold Loan Details

    Muthoot finance company is one of the oldest NBFCs in India as it was established as a gold loan business in 1939. Muthoot finance is famous to provide suitable and custom-tailored loan services to their customer which has allowed them to become a leading NBFC gold loan provider. The reasons behind the public’s preference for Muthoot Finance gold loans are:

    • Prepayment Fees: There are no prepayment fees if you pay off your jewellery loan early.
    • Flexible Maturity Period: Repay your Muthoot Gold Loan over a period spanning from 7 days to 36 months.
    • Multiple Lending Options: A variety of gold loan programmes are available to meet the financial needs of various consumers.
    • Documentation Requirements: Only the most simple KYC records, such as proof of address and salary, are needed.
    • Simple Payment Plan: Payments can be made every day, every week, or every month.
    • Safe and Secure: At the branch, the gold is stored in lockers inside strong rooms.
    Maximum Loan Amount Up to Rs. 1 Crore
    Minimum Loan Amount 90% LTV on Your Gold Market Price
    Gold Requirement Minimum 18 Carat
    Gold Loan Processing Fee 1% of the Principal Loan Amount
    Prepayment Charges Nil
    Repayment Tenure 36 Months
    Gold Loan Schemes Bullet Payment Scheme, EMI Scheme


    gold loan

    Muthoot Finance Gold Loan Fees and Charges

    Service charges on loan amount 0.25% to 1%
    Service charges on loan account Rs.50 to Rs.1,500 per account (based on the type of scheme)
    Token charges Rs.10 for loan amount of up to Rs.10,000; Rs.20 for loan amount exceeding Rs.10,000
    Security charges 0.15% of the loan amount, subject to a maximum of Rs.600 and minimum of Rs.50
    SMS charges South Indian branches – Rs.2 per transaction Rest of India – Rs.5 per transaction
    Charges for lost token Rs.25
    Notice charges 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
    Stamp duty As per the applicable rates of the respective states

    gold loan

     
    Other Fees and Charges:
     

    Type Of Charges

    Corporate

    Rate Of Charges Applicable

    Service charges – Rate applicable on loan amount (IPL/MHL/MHP) – Fresh loan

    Branches in South

    MHP(0.5%), IPL (1%) (For 12 months period only)

    Rest of India

    MHL up to Rs. 10L(1%), above Rs. 25L(0.25%), MHP(0.5%) and Rs. 10L to 25L(0.5%) 

    Service charges – – Rate applicable per account (ZIL/MOS) – – Fresh loan

    All

    ZIL – Rs. 50/loan

    MOS – Rs. 1,500/account

    Renewals within 12 months, Charges Rs. 750/account

    Security charges – Fresh loan

    Entire India

    0.15% of loan amount – Minimum Rs.50 and Maximum Rs.600

    Token charges – Fresh loan (For schemes except given in Sl no.1 & 2)

    Branches in South

    Loans up to Rs.10,000 – Rs.10

    Loans above Rs. 10,000 – Rs. 20

    Charges will not be applicable for Digital Transfer

    SMS charges

    Branches in South

    Rs. 2/ transaction at the time of renewal or closure. 

    Rest of  India

    Rs. 5/ transaction at the time of closure or renewal

    Notice Charges (Applicable for loans under all schemes)

    Branches in South

    3 ordinary notices Rs.10 each and 4th notice Registered Rs.70

    Rest of India

    3 ordinary notice Rs. 30 each and 4th notice Registered Rs. 100, and Auction Notice charges Rs. 120

    Token lost charges (Applicable for loans under all schemes)

    All

    Rs. 25 (in addition to cost of stamp paper applicable)

    Stamp duty levied by State Governments

    States – Rajasthan, Karnataka and Andhra Pradesh

    Actuals wherever applicable

    GCL

    Branches in South

    Rs. 999/ 6 months in case the limit is not used over a period of 6 months.

    If Part release, charges of Rs. 499 per transaction

    If the transaction is through branches then the charges will be Rs. 99 per transaction


    gold loan

    List of Muthoot Finance Gold Loan Branches in India

    City Gold Loan Branch Address
    Muthoot Finance Bangalore IBM India Pvt Ltd D3 Block, Vittal Mallya Rd, KG Halli, D Souza Layout, Ashok Nagar, Bengaluru, Karnataka 560001, India
    Aurobindo Marg, 4th Block, Jayanagar, Bengaluru, Karnataka 560011
    No. 647/1, 1st Main, Indira Nagar 1st Stage, 100 Feet Road, Indiranagar Double Rd, Eshwara Layout, Indiranagar, Bengaluru, Karnataka 
    Zonal Office Number 84/3, UCF Center, Ground Floor, Linganrajapuram, Bengaluru, Karnataka 560084
    Muthoot Finance Bhopal 80 Feet Rd, Ashoka Garden, Ashok Vihar, Bhopal, Madhya Pradesh 462023
    No.1, Ground Floor, Opposite Krishna Plaza, Indore Road, Main Road, Near Sindu Cinema, Hirdaram Nagar, Hemu Kalani, Bairagarh, Bhopal, Madhya Pradesh 462030
    Ground Floor, 131/3, Obedulla Ganj Rd, Near Pragati Petrol Pump, Zone-II, Maharana Pratap Nagar, Bhopal, Madhya Pradesh 462021
    Muthoot Finance Chandigarh SCO 2902, Dakshin Marg, 22C, Sector 22, Chandigarh, 160022
    Ground Floor, SCO No.2429, Sector 22C, Chandigarh, 160022
    First Floor, SCO No. 248, 215, Near ICICI Bank, Sector 20, Panchkula, Haryana 134117
    Muthoot Finance Cochin Vadachira Building, 1st Floor, Door No.X/28E, Opposite Collectorate South Gate, Civil Station Road, Cochin, Kakanad, Ernakulam, Kerala 682030
    1st Floor, NJK Tripathi Building, Sahodaran Ayyappan Road, Valanjambalam, Pallimukku, Kochi, Kerala 682016
    Muthoot Finance Daman ANURADHA COMPLEX, MASHAL CHOWK, DAMAN, DAMAN, AND DIU, 396210
    Muthoot Finance Delhi Shop No,11/245,HDFC ATM, Block 13, Geeta Colony, New Delhi, Delhi 110031
    Muthoot Finance Faridabad Shop No. 2DK/7, Shivala Mandir Road, Deep Chand Bhartia Marg, New Industrial Town, Faridabad, Haryana 121001
    1st Floor, SCF57, Sector 15, Faridabad, Haryana 121007
    Muthoot Finance Ghaziabad Shop No. 14, 2nd Floor, Nipun Plaza, Sector 4, Vaishali, Ghaziabad, Uttar Pradesh 201010
    Dr. Sushila Nayyar Marg, Vaibhav Khand, Indirapuram, Ghaziabad, Uttar Pradesh 201014
    Muthoot Finance Goa INAM COMPLEX ABOVE APOLLO PHARMACY,1ST FLOOR NORTH GOA, GOA, 403001
    HOUSE NO.907, OPP. CENTRAL HOSPITALNORTH GOA, GOA, 403406
    TRINITY PARQUE SHOP NO 12SOUTH GOA, GOA, 403708
    Muthoot Finance Gwalior Near JDA Complex, Alakananda Tower, City Center, Gwalior, Madhya Pradesh 474011
    Jayendraganj, Naya Bazar, Gwalior, Madhya Pradesh 474009
    Muthoot Finance Hyderabad 16-2-677/2, Tirumala Tower, Judges Colony, Malakpet, Hyderabad, Telangana 500036
    Hitech City, Arunodhaya Colony, Madhapur, Hyderabad, Telangana 500081
    Jaihind Enclave, Madhapur, Hyderabad, Telangana 500081
    Dargah Yousufain Rd, Ghosha Mahal North, Nampally, Hyderabad, Telangana 500001
    Muthoot Finance Indore Ahinsa Tower, Mahatma Gandhi Rd, Race Course Rd, Old Palasia, Indore, Madhya Pradesh 452001
    Premises No F-2, 1st Floor, Ahinsa Tower, 7, M G Road, M G Road, Indore, Madhya Pradesh 452001
    Ground Floor, Khatiwala Tank Main Road, Tower Chouraha Road, Tower Chouraha, Khatiwala Tank, Navlakha, Indore, Madhya Pradesh 452001
    Muthoot Finance Jaipur Office No. 203, Jamuna Tower, Plot No. 13, Govind Marg, Opp. Raja Park, Adarsh Nagar, Jaipur, Rajasthan 302001
    Khatipura Rd, Parivahan Nagar, Khatipura, Jaipur, Rajasthan 302012
    361, Himmat Nagar, Tonk Road, Mahaveer Nagar-1, Bajaj Nagar, Jaipur, Rajasthan 302018
    Muthoot Finance Jalandhar First Floor, Sethi Complex, Hoshiarpur Road, Opposite PNB, Rama Mandi, Jalandhar, Punjab 144023
    2nd Floor, Chopra Building, Near BMC Chowk, Adjoint Vishal Mega Mart, New Jawahar Nagar, Jawahar Nagar, Jalandhar, Punjab 144001
    Muthoot Finance Karimnagar Christian Colony, Karimnagar, Telangana 505001
    1 65 505215, 10-1-65, Vemulawada Rd, Karimnagar, Telangana 505215
    Muthoot Finance Kochi First Floor, Manama Tower, Aroor – Thoppumpady Rd, Opposite BOT Bridge, Pyari Junction, Thoppumpady, Kochi, Kerala 682005
    Muthoot Finance Kolkata No 150, Unit No.2, 1st Floor, Lenin Sarani Road, Near Wellington Crossing, Kolkata, West Bengal 700013
    21, 2nd Floor, Grosvenor House, Camac Street, Shakespeare Sarani, Near Pantaloons, Park Street area, Kolkata, West Bengal 700017
    Bidhan Sarani Road, University Of Calcutta, Sinthi, Kolkata, West Bengal 700050
    Jatindra Mohan Ave Rd, Maniktala, Girish Park, Darjipara, Beniatola, Kolkata, West Bengal 700006
    Muthoot Finance Lucknow Urban Estate Phase II, Urban Estate, Patiala, Punjab 147002
    FF-9, Aarohi Plaza, Patrakar Puram Road, Vikas Khand, Gomti Nagar, Lucknow, Uttar Pradesh 226010
    Hari Om Complex, Faizabad Rd, Bhoothnath Market, Indira Nagar, Lucknow, Uttar Pradesh 226016
    Muthoot Finance Ludhiana 154, 1st floor, Above IDBI Bank, Ludhiana, Punjab 141010
    Upper Ground Floor, Premises No. B36-290/1, Pakhowal Rd, Canal Bridge, Vikas Nagar, Shaheed Bhagat Singh Nagar, Ludhiana, Punjab 141001
    Muthoot Finance Mumbai SHOP NO.1,2,3, SHIV SHANKAR CHS, BERISTERNATH PAI MARG, NEAR MANKESHWAR MANDIR, MAZGAONMUMBAI CITY, MAHARASHTRA, 400010
    1ST FLR., OM ASHIRWAD CHS, N.C.KELKAR RD., DADAR (W)MUMBAI CITY, MAHARASHTRA, 400028
    1ST FLOOR VAIBHAV SOCIETY, BLDG NO.24 SHASTRI NAGAR LINK ROADMUMBAI CITY, MAHARASHTRA, 400104
    Muthoot Finance Nashik 1ST FLOOR, ANAND MALL NEAR BYTCO POINT JAIL ROAD, NASHIK ROADNASHIK, MAHARASHTRA, 422101
    Muthoot Finance New Delhi 11A/11, Old Rajinder Nagar, Rajinder Nagar, New Delhi, Delhi 110060, India
    E-4, PT Narender Kumar Pandey Marg, Block C 1, Bhim Nagri, Hauz Khas, New Delhi, Delhi 110016, India
    B St, DDA Flats, Munirka, New Delhi, Delhi 110067, India
    Ground Floor, Property No 2/8-a, Commercial Complex, Opposite New Friends Colony, Maulana Mohammad Ali Jauhar Marg, Sarai Jullena, New Friends Colony, New Delhi, Delhi 110065
    Muthoot Finance Noida Amaltash Marg, Raghunathpur, Sector 22, Noida, Uttar Pradesh 201301
    107-A, First Floor, P-6, Ocean Complex, Opposite The Great Indian Place Mall, Above Vipul Motors, P Block, Sector 18, Noida, Uttar Pradesh 201301
    Muthoot Finance Panchkula First Floor, SCO No. 248, 215, Near ICICI Bank, Sector 20, Panchkula, Haryana 134117
    Muthoot Finance Patiala 55, 1st floor Choti Baradari, Mall Rd, Baradari, Patiala, Punjab 147001
    Muthoot Finance Raipur RAIPUR – FAFADIHPLOT NO. 60, OPP. STATE BANK OF INDIA, RAIPUR, CHHATTISGARH, 492009
    Muthoot Finance Secundrabad Plot No.163, Opposite Kharkhana Police Station, KrKhana Main Road, Vasavi Nagar, Karkhana, Secunderabad, Telangana 500015
    Building No-7-1-624, First Floor, Mahatma Gandhi Road, Market Street, Secunderabad, Hyderabad, Telangana 500003
    Muthoot Finance Surat SHOP NO.24-26, 1ST FLOOR, SHEETAL COMPLEX, NR. SAGAR DAIRY, BHATAR ROAD SURAT, GUJARAT, 395001
    UPPER GROUND FLOOR, SHOP NO-2 & 3, VISHWAKARMA ARCADESURAT, GUJARAT, 395009
    Muthoot Finance Thane AN EAST SHOP NO. 5 & 6 MARTIN COMMERCIAL COMPLEX NEW LINK ROAD THANE, MAHARASHTRA, 401209
    Muthoot Finance Trichy NO 4, ARN Complex, Kamarajar Rd, Mela Kalkandar Kottai, Tiruchirappalli, Tamil Nadu 620011
    90, 4th Floor, MDSR Enclave, Bharathidasan Salai, Tiruchirappalli, Tamil Nadu 620001
    No. 5, Pugallia Pillai Street, Rock Fort Towers, NSB Road, Chinnkadi Street, Tiruchirappalli, Tamil Nadu 620002
    Muthoot Finance Trivandrum Muthoot Building, Near Josco Jewelry, Pattom, Thiruvananthapuram, Kerala 695004
    Mangala Saudam Building, Sasthamangalam Rd, Vellayambalam, Thiruvananthapuram, Kerala 695010
    1st Floor, Ambady Arcade, Kanjirampara, Thiruvananthapuram, Kerala 695030
    Muthoot Finance Vadodara 24-28, 1ST FLOOR, SHIVALAY-2, NR. RANESHWAR TEMPLE, OPP: ICFAI COLLEGE, VASNA ROAD, VADODARA, GUJARAT, 390015
    101-102, 111-112, 1ST FLOOR, NAKSHATRA ABOVE STATE BANK OF INDICA, HARNI ROADVADODARA, GUJARAT, 600000

    gold loan

    Muthoot Finance Gold Loan Eligibility

    Age  18-70 years of age
    Nationality Indian
    Employment Status Salaried, Self-Employed
    Gold Quality Minimum 18 Carats (10 grams)
     

    gold loan

    Documents Required for Muthoot Finance Gold Loan 

    Gold Loan is a loan right proposed to the Muthoot Finance borrowers wherein stocks are presented for performing the candidate’s financial requirements. The gold embellishments of the candidate are kept as collateral by the bank in the transaction for the supplies. The whole Muthoot Gold Loan method is hassle-free and straightforward to get with minimum documentation. The bank guarantees the special protection of your gold adornments until the loan is terminated.

    Documents Required For Applying For Muthoot Gold Loan Are :

    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)

    gold loan

    Muthoot Finance Gold Loan Interest Rate

    Muthoot Finance Gold Loan Interest Rate is 7% per annum.

    In general Loan Gold, credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the gold loan interest rates are less than that of a personal loan or any other kind of loan. Though the gold loan rate keeps on changing from time to time as well as person to person.


    gold loan

    Muthoot Finance Gold Loan Interest Rate, Processing Fee and Charges 

    Muthoot Finance Gold Loan Interest Rate
    Muthoot Finance Gold Loan Interest Rate 7% per annum
    Muthoot Finance Gold Loan Processing Fee 1% of the loan amount or ₹1000 whichever is higher
    Prepayment/Foreclosure Charges Nil

    You can call on 9878981144 to avail of the Best Deals and Offers on Muthoot Finance Gold Loan.


    gold loan

    Muthoot Finance Gold Loan Apply

    Online

    You can apply for Muthoot Gold Loan Online. The process of application is straightforward, as well as simple.

    • Visit Dialabank
    • The applicant has to fill a form Online that involves necessary information.
    • You will get a call back from our Relationship Manager to clear all doubts as well as to assist you in the entire process of the Gold Loan.
    • The applicant can check his /her eligibility for further clarification of the approval of a gold loan.
    • Submit all the documents need as proof in the bank.
    • Gold loan is approved in some minutes and disbursed within a day.
    • Call us directly for any queries on 9878981144.

    Offline 

    If you’re intending to avail of a Gold Loan from Muthoot Finance Ltd., you will have to visit any of the Muthoot Finance branches and inform the customer care executive or the Representative of the same. Their Executive will then guide you with necessary formalities along with the KYC form which you need to fill and help you through the rest of the process.


    gold loan

    Applying through Dialabank Website?

    In this technological age, the internet has all the solutions. Interested customers can avail of gold loan schemes offered by top Indian Banks and NBFCS by comparing all of them in finding the most suitable loan with the help of Dialabank. Dialabank offers all customers a number of advantages that can not be found anywhere else.

    • trustworthy and friendly representatives.
    • Quick and convenient scheduling of bank loan appointments.
    • Ensuring speedy dispersal of funds to the consumer.
    • Always available to help via telephone call option available.


    gold loan

    Muthoot Finance Gold Loan EMI Calculator

    Equated Monthly Installments or EMI suggests a month to month fixed rate that you are expected to pay to the bank as a month to month reimbursement for the credit sum which is made sure about. As indicated by your profile, the pace of enthusiasm on your credit is set. The EMI on your credit is determined relying on the Rate the bank accuses you of and the advance sum you need to take and the period for which you take the advance.

    • It saves you hours of time-consuming and error-prone calculations.
    • It uses the most recent gold values in its calculations.
    • It encourages you to check out various solutions in order to find the Gold loan that best suits your needs.
    • Knowing your loan EMI allows you to change your monthly spending so that you can pay off your gold loan on time.

    Muthoot Finance Gold Loan EMI Calculation 

    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?

    Your Muthoot Finance gold advance can be reimbursed in the following three different ways.

    1. Standing Instruction (SI): If you have a current account with Muthoot Finance, Standing Instruction is the most loyal payment method. Your EMI sum will be credited automatically toward the end of the month to month period from the Muthoot Finance account you register.
    2. Electronic Clearing Service (ECS): This technique can be employed if you have a non-Muthoot Finance account and desire your EMIs to be debited consequently toward the end of the month to month cycle from this account.
    3. Post-Dated Checks (PDC): You can present post-dated EMI remittances from a non-Muthoot Finance account at your nearest Muthoot Finance Gold Loan Center. A new adaptation of PDCs should be performed immediately. It will be excellent if you note Post Dated Checks will be assembled in non-ECS areas as it were.


    gold loan

    Muthoot Finance Gold Loan Contact Number

    Emergency does not knock on doors. Thus, You never know when you need the money that is beyond your savings. So instead of asking for money from relatives and your friends, people prefer to go for loans. And, one of the best options amongst these services is Gold Loan. The reason behind this is that Gold Loan Interest Rates are quite low in contrast to other services. Besides that, the company does not charge anything from the customer as security charges for the security of the gold ornaments.

    You just need to give a call on 9878981144 to avail Muthoot Finance Gold Loan.


    gold loan

    What types of gold can be used to secure a gold loan?

    Gold loans are provided to applicants with a certain value of gold. Physical forms of gold are common and known to all individuals but Digital gold is an enigma to most people in India. 

    To Explain, Digital gold is purchased electronically and deposited by the trader in insured vaults on behalf of the buyer. It also aids us in overcoming all of the problems associated with actual gold transactions. All you need is Internet/mobile banking to invest in gold digitally at any time and from any place. 

    • Jewellery made of gold (generally between 18 karats and 24 karats)
    • Coins or strips of gold
    • Gold in the digital realm (must be exchanged for cash or jewellery first, against which a loan can be secured)

    Uses Of Muthoot Finance Gold Loan

    1. You can use this amount of loan to fulfil any of your personal needs.
    2. The loan amount can be used for wedding purposes.
    3. You can use the Muthoot Finance Gold Loan for education purposes.
    4. You can use this money for your business.
    5. You can buy a car using this amount of loan.
    6. Muthoot Gold Loan allows you to use the loan amount for medical purposes as well.

    Muthoot Finance Agricultural Jewel Loan Scheme

    Scheme Muthoot Finance Agricultural Jewel Loan Scheme
    Interest Rate  Starting from 7% per annum (depends on the sum of the loan 
    Least amount of Loan Depends on the value of the jewel which is being kept as security 
    Loan period Adjustment of advance sum inside 2 months from the date of reap of yields


    gold loan

    Benefits Of Muthoot Finance Agricultural Jewel Loan Scheme

    • Muthoot Finance does not charge a processing fee of up to ₹ 25,000
    • 0.30% of the loan amount, Minimum of ₹ 300 is charged to the amount ranging from above ₹  25,000 – less than ₹ 5 lakh
    • 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore

    Muthoot Finance Gold Loan Overdraft Scheme

    Muthoot Finance offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Muthoot Finance Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.


    gold loan

    Muthoot Finance Gold Loan Highlights

    Age 18 – 75 years
    Minimum Loan Amount Rs. 10,000
    Maximum Loan Amount Up to Rs. 1 Crore
    Muthoot Finance Gold Loan Interest Rate 7% per annum
    Loan Tenure Up to 36 months.
    Gold Items accepted Jewelry and gold coins sold by banks
    ICICI Bank Gold Loan Processing Charges 0.85% of the loan amount

    Muthoot Finance Gold Loan Online Process

    For all the transactions or information, you can use an online platform as well.

    • For new users: If you are a new user and have not yet set up your account, you can follow these steps mentioned below by entering the valid details:
    1. Visit the online portal.
    2. Click on the ‘New user? ‘Sign-up here’ option under the login field as mentioned in the screenshot.Muthoot Finance Gold Loan
    3. You will be redirected to a new WebPage wherein you will have 2 options on the screen, 1st will be To enter a Customer ID, and you can enter the details as shown below. 

    Muthoot Finance Gold Loan

     4. Or else, select the ‘Mobile number’ option as mentioned below.

    Muthoot Finance Gold Loan

     5. After selecting the right option of your choice and entering the details, You can click on ‘Search’ to get the results.

    • For existing users: 

     6. You can simply enter the login credentials and log in as mentioned in the below screenshot:

    Muthoot Finance Gold Loan

    How Does Muthoot Finance Gold Loan work, Here’s An Example

    The suitability of the gold loan is determined based on the purity of gold, LTV, and its weight. Suppose Mr A and his two friends Mr B and Mr C have different gold values ​​for different purity. Mr A has 50 grams of gold per 22-carat purity. Mr B has 60 grams of gold in 20 carats of purity and Mr C has 70 grams of gold in purity or 22 carats. They approached Muthoot Finance to get a gold loan. The price used to calculate the suitability of their gold loan according to the high 85% LTV will vary with the purity of the gold and therefore, will lead to the validity of the gold loan.


    gold loan

     

    FAQs About Muthoot Finance Gold Loan

    What is Muthoot Gold Loan?

    Muthoot Finance is the largest gold loan financing company in the world. Muthoot Finance Gold Loan is a lending scheme that lets you borrow money in exchange for your gold ornaments. It is a loan that is secured by and sanctioned against your pledged Gold.

    How can I get a Gold Loan from Muthoot?

    You can get a Gold Loan from Muthoot Finance by visiting the nearest branch with your Gold and get same-day disbursement. You can also apply online at Dialabank to avail yourself of the best deals and offers and get personalized assistance for Muthoot Fincorp Gold Loan Rate Per Gram today.

    ✅ How much is a Gold Loan per gram in Muthoot Finance?

    As per the latest gold prices, Muthoot Finance Gold Loan Rate Per Gram is ₹ 3,506 to ₹ 4,621. You can avail of LTV of Up to 90% of your gold. Muthoot Finance Gold Loan Per Gram Rate depends upon the purity of the gold.

    How does Muthoot Gold Loan work?

    Muthoot Gold Loan is a simple process in which you simply have to visit the nearest branch or apply online with your Gold details and basic documents. On your gold’s valuation, the company will instantly disburse the loan amount to your account.

    What is Muthoot Gold Loan Interest Rate?

    Muthoot Finance provides Lowest Gold Loan Interest Rate at 7% per annum and depending upon the scheme availed, the purity of your Gold, loan amount disbursed, and tenure.

    How to check Gold Loan status in Muthoot?

    You can check your gold loan status in Muthoot Finance status by logging on to their online portal or just calling them on their customer helpline number.

    How to calculate Gold Loan Interest in Muthoot Finance?

    To calculate gold loan interest in Muthoot Finance just subtract your borrowed loan amount from your total payable loan amount.

    What is the maximum loan amount I can avail of on Gold Loan from Muthoot?

    The maximum loan amount you can avail of is up to Rs. 1 crore from Muthoot Finance.

    ✅ What is the loan tenure of the Muthoot Gold Loan?

    The loan tenure of the Muthoot Finance gold loan is a maximum of 36 months depending on the requirements.

    How much Processing Fee applies to Muthoot Gold Loan?

    A Processing Fee of about 1% of the Principal Loan Amount applies to the Muthoot gold loan.

    ✅ What are the charges for renewal in Muthoot Gold Loan?

    The charge for renewal in the Muthoot Gold loan is minimal for renewal of the already existing Gold Loan for the next tenure.

    What are the charges for Prepayment in Muthoot Gold Loan?

    The charge for prepayment in Muthoot Finance is NIL.

    How to renew Muthoot Gold Loan Online?

    Renew your Muthoot Finance Gold Loan by merely visiting the nearest branch. The Gold submitted will be revalued, and new loan terms will be decided based on the same. You will then provide a renewal form, and once everything is processed, a small renewal fee will be charged for your loan to be renewed for a new tenure.

    How to Pay Muthoot Gold Loan Interest Online?

    You can pay your Muthoot Finance Gold Loan online through net banking and debit cards on their online portal. You can also use your Paytm account to make these payments.

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

    If you cannot pay the interest on the Muthoot gold loan for 3 months the Company will be prompt to send you reminders of your pending dues. If the payment requests go unheard, a legal notice will be sent demanding the repayment. Defaulting will brand your loan with an NPA tag and gives the company the right to recover the amount through the sale of your pledged asset, that is, your gold ornaments. You can also face strict action under the law.

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

    You can apply for EMI Moratorium on Muthoot Gold Loan by visiting the nearest branch of Muthoot Finance and applying for the same.

    How to pay for Muthoot Gold Loan through Credit Card?

    Paying a Muthoot gold loan through a credit card is simple. Just click on a credit card as your preferred mode of payment

    What is the Overdraft Scheme for Muthoot Finance Gold Loan?

    Muthoot Finance does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In the Muthoot Finance Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

    What is the Muthoot Finance Gold Loan closure procedure?

    Once the loan is paid, the bank will close your gold loan immediately. 

    What is the Muthoot Finance customer care number?

    9878981144 is the customer care number of Muthoot Finance Gold Loan.

    What are Muthoot Finance Gold Loan Preclosure charges?

    There are no preclosure charges for Muthoot Finance Gold Loan.

    What is the maximum tenure for Muthoot Finance Gold Loan?

    The maximum gold loan tenure for Muthoot Finance is 36 months

    What is the minimum tenure for Muthoot Finance Gold Loan?

    The minimum gold loan tenure for Muthoot Finance is 12 months

    Do I need to provide any security or a Guarantor?

    Nothing other than the Gold pledge with Muthoot Finance. No guarantor.

    How do I Repay my Loan? What options are available for the Repayment?

    The loans can be repaid conveniently. You can submit the cash or cheque at any Muthoot bank branches.


    News About Muthoot Finance Gold Loan

    Demand for gold loan surging: Muthoot Finance

    NBFC Muthoot Finance said the demand for gold loans is consistently rising. Managing director George Alexander Muthoot told FE the company is adding new customers to its gold loan business daily with small businesses and traders preferring it for a quick loan.

    Gold loan company Muthoot Finance to raise to Rs 2,000 cr via debentures

    Gold loan company Muthoot FinanceLtd plans to raise to Rs 2,000 crore through the public offering of Secured Redeemable Non-Convertible Debentures (NCDs) to deploy funds in the lending business.

    Will exceed guidance of 15% growth in FY21: Muthoot Finance

    Regarding the new policy on on-tap targeted long-term repo operations (TLTRO), Muthoot said the cost of borrowing could come down for the NBFCs and benefits could be passed down to customers in the form of lower interest rates. NBFC Muthoot Finance is confident of exceeding its guidance of 15% growth for the current fiscal year with demand for gold loans appearing to be robust.


    gold loan

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