Muthoot Finance Personal Loan

You can apply for a gold loan from Muthoot Finance in two ways:

1. Online
2. In person

To apply for a Muthoot finance personal loan, you must be 18 - 65 years of age, be a citizen of India. Muthoot Finance also has some additional eligibility criteria for its gold loan products. Find it on the website for up-close clarity.

The general documents required to apply for a gold loan from Muthoot Finance are Proof of identity, Proof of address, Proof of income, Gold jewellery.

The interest rate for a gold loan from Muthoot Finance is typically around 12%p.a.However, the interest rate can be as high as 27% p.a. for borrowers with poor credit scores or who take out short-term loans.

The repayment period for gold loans can vary from 6 months to 3 years. The repayment period is usually determined by various factors.

Yes, you can extend the tenure of your gold loan. However, there are some conditions that need to be met in order to be eligible for an extension.

Yes, you can get a gold loan from Muthoot Finance even if you have a low credit score. However, you may be required to provide additional collateral or pay a higher interest rate.

If you are unable to repay the gold loan on time the lenders may take some action that may hinder your credit score, creditworthiness and so on. They also levy late payment charges(2% of outstanding loan amount).

Yes, you can make partial payments towards your gold loan with Muthoot Finance.

Yes, there are some additional charges and fees associated with gold loans from Muthoot Finance. These charges and fees can vary depending on the type of loan, the amount of the loan, and the terms of the loan.

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