Muthoot Finance Gold Loan

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Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
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All 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 financial company has a good reputation, and the company is reliable too. Therefore, there is no risk of fraud at all. Muthoot finance also caters other financial products like personal loans, but a gold loan is the most famous product. So many people get a Gold Loan to overcome their financial crisis. Therefore, even you can avail the service of Gold Loan to overcome financial hurdles.
Muthoot Finance Gold Loan Features
  1. The lower rate of interest.
  2. Quick processing.
  3. Your Gold is safe and secured in a bank 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. Beside that No processing fees.
  8. Low or no foreclosure charges.
  9. Bad credit history, not an issue.
  10. Instant Processing and Disbursal.
  11. Besides, You can borrow in thousands to a crore.

Muthoot Finance Gold Loan Interest Rate

muthoot finance gold loanIn general loan on gold, the 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 personal loan or any other kind of loans. Though the gold loan rate keeps on changing time to time as well as person to person.
  1. Muthoot Finance Gold Loan Interest Rate is 11.70% per annum
  2. Moreover, offer low processing fee that is  0.85%.
  3. Further, pre-closer charges range from  0 – 2 %.

What is Muthoot Finance Gold Loan?

To begin, Gold Loan is also known as a loan against gold. In this type of loan, you pledge your gold to the company and get a certain amount of money according to the value of your gold. The company keeps your gold under the security and whenever you return the loan you get back your gold as it is.
Read More – About Gold Loan

Why Muthoot Finance Gold Loan?

Emergency does not knock doors. Thus, You never know when you need money that is beyond your savings. So instead of asking for money from their 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 bank does not charge anything from the customer as security charges for the security of the gold ornaments.
Muthoot Finance Gold Loan Amount can use for:
  1. 1.You can use this amount of loan to fulfill any of your personal need.
  2. 2. The loan amount can be used for wedding purposes.
  3. 3. Besides that, you can use this gold for education purposes.
  4. 4. Furthermore, you can use this money for your business.
  5. 5. Moreover, You can buy a car using this amount of loan.
  6. Also, Muthoot Gold Loan allows you to use loan mount for medical purposes as well.

Muthoot Finance Gold Loan Features

There are some features of Muthoot Finance Gold loan. Let us discuss them.
1. Firstly, The gold loan is approved very easily and disbursed quickly.
2. Secondly, Muthoot finance charges very less processing fees for the gold loan.
3. Thirdly, The amount of gold loan starts from Rs. 18000 and can be up to 1 Crore.
4. Also, Muthoot finance offers the facility of the pre-payment. It means that if you want to close your loan before the tenure of the loan than you can do so without any extra charges.
5. Also, the Response time for the queries of the customer is very quick.
6. Moreover, Minimum tenure can be 15 months and can be up to 36 months.
7. Importantly, 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.
8. Next, There is a processing fee of 1% of the loan amount sanctioned.
9. Finally, The company provides three-layered security of the gold. The gold is kept very securely in the lockers.

Muthoot Finance Gold Loan Per Gram Rate

Amount of Gold Loan

Muthoot provides Gold Loan starting from Rs. 50000 and can be up to 1 crore. The amount of gold loan depends upon the purity as well as the quantity of gold ornament. The loan amount per 10 grams, as well as Muthoot Gold Loan Rate per gram, are discussed below –

For 18 Carat Gold

  • Amount of Loan Disbursed- Rs. 16,000.
  • Loan Amount of Gold Per Gram – Rs. 1,600

For 19 Carat Gold

  • Amount of Loan Disbursed- Rs.17,000.
  • Loan Amount of Gold Per Gram- Rs.1,700.

For 20 Carat Gold

  • Amount of Loan Disbursed- Rs 18,000.
  • Loan Amount of Gold Per Gram- Rs 1,800.

For 21 Carat Gold

  • Amount of Loan Disbursed- Rs 19,000.
  • Loan Amount of Gold Per Gram- Rs 1,900.

For 22 Carat Gold

  • Amount of Loan Disbursed- Rs 20,800.
  • Loan Amount of Gold Per Gram- Rs 2,800.
Know More – Gold Loan Per Gram

Forms of Gold accept for Muthoot Gold Loan

Muthoot doesn’t consider every type of gold ornament for Gold Loan. There are some limitation.
  1. Firstly the purity of the gold ornament should lie in between 18 Karats to 22 Karats.
  2. After that, the bank accepts the gold in the form of ornament.
  3. Besides, that bank refused to take the raw gold for Gold loan.
  4. Furthermore, you can get a gold loan by using gold coins that weigh less than Grams.
Eligibility Required for Muthoot Finance Gold Loan
  1. First of all the applicant should be an Indian citizen.
  2. Secondly, age limit minimum – 18 year and maximum – 70 years.
  3. Thirdly An applicant should own his/her gold
  4. After that, the purity of the gold ornament should lie in between 18 Karats to 22 Karats.
  5. Furthermore, the applicant should have gold weigh more than 10 Grams at least.
Muthoot Gold Loan Documentation
However, the process of documentation in a loan on gold is very easy and simple but, still, there are certain documents that a bank asks for a loan on gold:
1. Identity Proof – Firstly one proof of identity is required. Anyone of the given proofs is valid (Aadhar Card/Voters Card/Driving License/ Passport)
2. Residence Proof – After that, one proof of residence is also required to get a loan on gold. It can be like (Aadhar Card/PAN Card/Ration Card/ Electricity Bill of last three months with the name of the applicant/ Telephone Bill of previous three months with the name of applicant / Passport Copy)
3. Besides, the applicant should have two passports sized colored photographs.

Charges for availaing Muthoot Finance Gold Loan

  1. Processing Fees: Muthoot charges a minimal amount of processing fees to the customers, but it can be a maximum of 1% of the amount of the loan sanctioned.
  2. Foreclosure Charges: There are no foreclosure charges in Muthoot Finance Gold Loan; however other banks charge foreclosure charges.
  3. Quality of the Gold: The gold that you are pledging should be of 18 to 20 carats. Gold of quality 24 carats is not accepted.

Loan Amount of Muthoot Finance Gold Loan?

The amount of loan provided to you by the company is depending on the value of your gold. The company gives you the loan after the valuation of the gold. Generally, you get Rs. 18000 to Rs. 20000 for 10 grams of gold. It may vary a little bit up or down. It is 75% LTV ratio (Loan to Value).

How to Apply for Muthoot Gold Loan?

Online Process

You can apply for Muthoot Gold Loan Online. The process of application is very easy as well as simple. Moreover, there are a few steps to apply for an online Gold Loan.
1. Firstly, visit our website that is Dialabank
2. Secondly, the applicant has to fill a form Online which involve necessary information.
3. After this, 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.
4. Next, the applicant can check his /her eligibility for further clarification of the approval of a gold loan.
5. Moreover, Submit all the documents need as proofs in the bank.
6. Gold loan is approved in some minutes and disbursed within a day.
7. Lastly,  call us directly for any quires at 9592046860, to clear any doubts.

Offline Process

The applicant also has an option to avail a Muthoot Gold Loan from the nearby branches. To do so, search Gold Loan near me on google. It will enlist all the nearby branches from where you can avail the loan. Then, you will have to visit again and again until the loan approval. Thus, it can be a very tiring and time-consuming process. You can avail loan from Muthoot Gold Loan Branches. As well as to find a branch that is nearby, search Muthoot Gold Loan near me. Google will enlist all the Muthoot Gold Loan Branches near you.

Or You Can Search Following on Google

  1. Manappuram Gold Loan Branches
  2. Manappuram Gold Loan Near Me
  3. Manappuram Gold Loan App
  4. Manappuram Gold Loan Customer Care Number
Know More – Gold Loan Near Me

Why Dialabank to avail Muthoot Gold Loan?

1. First of all, Dialabank is the first financial helpline of India.
2. Secondly, You will get a comparison of the rates of interest of all the financial companies here.
3. Besides that, you will get a document pickup facility from your doorstep if you apply for the loan here.
4. Moreover, The process of approval of the loan is very quick.
5. Furthermore, you will get a quick response to the customer’s inquiry.
6. Also, There are no charges for the information and applying for the loan.
7. Finally, For more information, you may call on 60011600 or 95920-46860.

Call us on 95920-46860 (Single Number across 18 Cities).

Muthoot Gold Loan Calculator

Muthoot Finance provides a gold loan calculator to make the calculations easier. On the online gold loan EMI calculator, you can calculate the rate of interest on the required amount of loan for a particular time. So it makes it more accessible for the customer to get an overview of the interest rate of the whole tenure. And according to one’s comfort, one can make the changes in the amount of loan and the mandate of the loan. In the online gold loan EMI calculator, you have to fill in the following information. And, you will get all the calculations done automatically. Click Below to do so. Click Here  EMI CALCULATOR

Which is better between a Gold Loan and a Personal Loan?

1. The rate of Interest – The rates of interest are quite low in a Gold Loan. On the other hand Personal loan generally comes with high rates of interest
2. Type of Loan – Gold loan comes in the category of secured loan, and personal loan is an unsecured loan.
3. Amount of Loan – The amount of Gold Loan as per the value of gold ornaments. In the case of Personal Loan amount of loan based on your income, it is not that big in general because it is an unsecured loan.
4. Time of Disbursal – In the case of Gold Loan the amount of loan gets disbursed very quickly, within a few hours. On the other hand, the process of disbursal of the loan amount is not that quick. It will take at least a day or two days to get the loan amount to be disbursed.

FAQs About Muthoot Gold Loan

1. How to get a gold loan from Muthoot finance?

To avail Muthoot finance Gold loan is very simple you have to click here fill the form, and we are here you to help you.

Know More – Gold Loan From Top banks And NBFCs in India

2. How does Muthoot Gold Loan work?

Gold Loan is very simple to understand. Muthoot provides you with funds against your gold ornament. The amount depends upon the gold weight.

Know More – Gold Loan: Factors to Remember

3. Is Gold Loan Unsecured?

No, the gold loan is not an unsecured loan. It comes in the category of secured loan. Gold Loan is also known as a loan against gold. In this loan, we get a loan amount against our gold ornaments. Furthermore, If the borrower fails to return the gold loan on time. Then the bank makes a recovery from your gold ornaments submitted.

Know More – Top Reasons why Gold Loan is the best borrowing option

4. Similarities between Gold Loan and a Personal Loan.

There is a similarity in between gold loan and a personal loan that you can use the amount of gold loan and personal loan to fulfill our own needs. The lender will not put any restriction on the use of the amount of loan.

Know More – 5 Must factor to keep in mind before availing a Gold Loan

5. What happens when you don’t repay a Muthoot Gold Loan?

If the applicant is unable to return the gold loan on fixed time, then the NBFC’s is liable to sell his gold jewelry.

Know More – What happens when you don’t pay a Gold Loan?

6. To get a Muthoot gold loan do I need a co-applicant?

No, to avail Muthoot Gold loan you don’t need any co-applicant

Know More – Gold Loan: Terms and condition

7. Is Gold loan better than a Personal loan?

Yes, a Gold loan is better than personal Loan because in Gold Loan banks/NBFC’s takes Gold ornament as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.

Know More – Gold Loan and Loan Against Property

8. What is the best online platform to avail gold loan?

Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.

Know More – Best Gold Loan Services

9. Is there any fee payable for the Muthoot Gold Loan?

Yes, Applicant have to pay the loan processing fee and Valuation fee.

Know More – What happens when you don’t pay a Gold Loan?

10. How much interest on a Gold Loan in Muthoot finance?

If you apply through Dialabank, we provide you lowest interest rate as compared to others. Muthoot Finance gold loan is available at 1% PM interest rate.

Know More – Gold Loan Interest Rate

11. How to pay Muthoot Gold Loan?

A person can easily and quickly avail Gold loan but also pay it through our multiple payment options. You can repay your gold loan through various options: Online Payment, Payment from app as well as Payment at branch.

Know More – 4 Different Ways of Repaying Your Gold Loan

12. How to pay Muthoot Gold Loan interest online?

Gold Loan is the best option for you as it provides you quick disbursals and instant approval. Processing of Gold Loan is very easy for everyone. There are different repayment methods in Gold Loan, and some of them are – Pay Interest as EMI & Principal later, Make Partial Payments, Bullet Repayments and Regular EMI option

Know More – 3 Best Methods Repaying Gold Loan

13. Does CIBIL Score Matter in Muthoot Gold Loan?

No, the Muthoot do not check the CIBIL Score of a person to approve a gold loan. Gold Loan is a secured service. Hence, the bank is not concerned about the repayment history of a person. Because, even if the applicant fails to repay the loan, the banks can cover the loan amount through the gold ornaments that they have in their possession.
Know More – What is CIBIL Score?
* For any assistance regarding Gold Loan, call us on 95920-46860, our trained Relationship Managers will solve all your queries.

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