Muthoot Finance Gold Loan

Muthoot Finance Gold loan offers an efficient and quick solution when you need immediate funds. By securing your gold for a loan, you can instantly get funds up to ₹5 crore with minimal documentation and attractive interest rates ranging from 10.90% p.a. onwards. As gold is the collateral for the loan, it does not rely on your credit history, so you can easily get the emergency funds you need with immediate liquidity from Muthoot Finance.

Muthoot Finance gold loans offer you various schemes, giving you a variety of loan options to choose from. Moreover, with a straightforward application process, the Muthoot gold loan is a practical alternative to getting quick access to funds.

Table of Contents:

• ⇾ Muthoot Finance Gold Loan Details
• ⇾ Muthoot Finance Gold Loan Interest Rates and Charges
• ⇾ Eligibility Criteria for Muthoot Finance Gold Loan
• ⇾ Document Required for Muthoot Finance Gold Loan
• ⇾ Muthoot Finance Gold Loan Features and Benefits
• ⇾ Documents Required For IIFL Finance Gold Loan
• ⇾ Gold Loan Interest Rates of Banks and NBFCs
• ⇾ Steps to Apply for Muthoot Finance Gold Loan
• ⇾ Muthoot Finance Gold Loan Schemes
• ⇾ Muthoot Finance Gold Loan Calculator
• ⇾ Frequently Asked Questions

Muthoot Finance Gold Loan Details

Muthoot Finance gold loan offers you instant disbursal of your gold value, here are the key details of the loan:

Muthoot Finance Gold Loan Interest Rates

The Muthoot gold loan interest rates are competitive but vary according to the gold loan schemes. There are also extra charges that come with the loan, however, the fees are minimal. Here are the Muthoot gold loan interest rates and charges:

Muthoot Gold Loan Fee & Charges

The Credit Appraisal Charges or CAC if the total exposure is below ₹3 lakhs for Southern Branches, then the charges are as follows:

Muthoot Finance Gold Loan Eligibility Criteria

To avail of a Muthoot Finance gold loan, there are certain eligibility criteria that you must meet, these are:

• You must be 21 years of age.
• You must own gold.

Document Required for Muthoot Finance Gold Loan

Several documents are required to apply for a Muthoot gold loan, these are:

• Identity proof: PAN Card, AADHAR Card, Driving License, Passport, etc.
• Address Proof: Sales deed, Rent agreement, Utility bills, Voter ID card, or Driving licence.
• Passport size photograph

Muthoot Finance Gold Loan Features & Benefits

Muthoot Finance offers you various features and benefits, these are:

• Flexible Loan Amount: You can get a minimum loan of ₹1500 up to ₹5 Crore.
• Interest Rate: Enjoy attractive interest rates starting from 10.90% p.a.
• Quick and Convenient: gold loans provide a fast and straightforward way to access funds.
• No Credit History Required: Unlike unsecured loans, gold loans do not depend on your credit score since they are secured by gold.
• Minimal Disbursal Time: Funds are quickly disbursed.
• Simplified Paperwork: The application process is simple because gold serves as collateral, reducing the need for extensive documentation.
• Customer-Centric Services: Muthoot Finance offers customer support to help you meet your financial needs.
• Minimal Documentation: You only need minimal documents making the application process more efficient.
• In-House Gold Evaluation: There are experts to assess your gold's value.
• Pre-Payment Flexibility: You also get the option to prepay without penalties.
• Secure Custody: Your gold is stored safely in a secure vault.
• Part Release Option: You also have the option to release part of the gold while keeping the rest as security.

Gold Loan Interest Rates of Banks & NBFCs

You can also explore other gold loan options from various banks and NBFCs. Given below are the different banks and NBFCs along with their interest rates:

Steps to Apply for Muthoot Finance Gold Loan

You can easily apply for a Muthoot Finance gold loan online, making it convenient for you to get the funds you need from the comfort of your home. Here are the steps to apply for a Muthoot gold loan online:

You can easily follow the steps below to use the gold loan calculator:

Step 1: Visit the Website or download the Muthoot app on your mobile device.

Step 2: Access the gold loan calculator on the website to check the potential loan amount based on the weight of your gold.

Step 3: You can check the various gold loan schemes offered by Muthoot Finance and choose the one that best fits your needs.

Step 4: Use the Gold Loan Calculator to ensure the selected scheme and loan amount meet your requirements.

Step 5: You can then fill out and submit the application form. A Muthoot Finance representative will contact you shortly after to guide you through the loan process.

Muthoot Finance Gold Loan Schemes

Muthoot Finance offers many gold loan schemes, ensuring that everyone gets the right loan term that suits their financial needs. Here are the scheme and their details:

Muthoot One Percent Loan

Muthoot Ultimate Loan (MUL)

Muthoot Delight Loan

Muthoot Mudra Loan

Muthoot Advantage Loan

Muthoot High Value Plus (MHP)

Muthoot High Value Loan (MHL)

Muthoot Big Business Loans

Best Value Schemes (BVS)

High Value Retention (HVR)

Check out more on other gold investment & deposit schemes from the links below:

Check out more on sovereign gold bonds below:

Muthoot Finance Gold Loan Calculator

Muthoot Finance offers you two online calculators that will estimate your gold loan eligibility and interest rate. These user-friendly Gold Loan Calculators are available on the Muthoot Finance website. For the Gold Loan Eligibility calculator, you can enter details such as your name, email, contact number, gold type, and the amount you need to quickly get an approximate loan value. While the online calculator provides an initial estimate, the final eligibility is determined after an in-house gold evaluation at the branch.

For the Muthoot Finance gold loan interest calculator, you can enter the loan amount and tenure to get an estimate of your gold loan interest rate. Muthoot Finance offers you some of the lowest gold loan interest rates in India, making it a cost-effective option.

• Agriculture: Access funds to cover costs for seeds, fertilizers, equipment rentals, and labor, ensuring healthy crops and optimal yields.
• Business Growth: You can use gold loans to fuel your business expansion by acquiring additional machinery and enhancing manufacturing capabilities.
• Weddings: Obtain financing for wedding expenses, including vendor bookings, catering, decorations, attire, and jewelry through our gold loans.
• Self-Help Groups: Gold loans empower self-help groups to easily access capital for starting small businesses or developing resources such as clean water wells.
• Healthcare: Instead of liquidating assets or breaking fixed deposits at a loss during emergencies, use gold loan funds for urgent medical treatments and procedures.

Check out more on gold loans from the top banks below:

Check out more on gold loan rates from other gold loan lenders: