Lowest EMI Per Lakh: 2,162 for 5 years This Page is BLOCKED as it is using Iframes. No extra price is charged for iMuthoot app. Through Muthoot Finance Ltd. gold loan services you can avail cash against your gold within a few minutes. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Super Saver Scheme or SSS offers gold loan with loan amount starting at Rs.199 lakh. Check and Compare Gold Loan Interest Rates of Various Bank in India. The minimum tenure for which you can avail a gold loan is 7 days. 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 … 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. 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. Higher the purity of your gold will, the higher will be the loan amount. For all the transactions and payments in relation to Muthoot Finance, you can use the online platform as well. If you don’t have the time to visit the branch and want to apply through the online way then you can do it too. 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. 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. Download The Economic Times … The processing fee is merely ranging from INR 12 to INR 20. The interest rates for this scheme will start from 17% per annum and will depend on a few factors. Muthoot Finance understands this aspect very well, and that’s why there are so many schemes which you can choose from. The interest rates start from 15% per annum. The eventual loan amount, of course, will depend on your gold value. Go through this article to know more about 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. Deal? You can get a maximum loan of upto INR 1 lakh. 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 final rate of interest will be decided by the lender after assessing your overall profile. We are providing you details about both of the methods below which you can check. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). You can have a look at the list of documents below. It’s hard to believe, but it is the truth! You will receive a call shortly from our customer support. Q. 24% per annum is charged for late EMI payments for loans under the MIS scheme. Online Gold Loan. The Muthoot One Percent Loan is meant for customers who are looking for a gold loan at lower interest rates. To know more about this, you can also contact the customer care number which is 1800-102-1616. 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. Interest rate: The interest rate ranges from 12% to 27% and is specific to different states and … Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. How Gold Loan Interest Rates are Determined in India? Interest Rates. Leaving so soon? 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. As we told multiple times before that the documentation process is quite simple and minimal. There is no cap in the maximum loan amounts. to 27% p.a. Uh-no! And your loan amount will depend on the overall value of your gold. What are the key features of Muthoot Gold Loan? 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 . Fantastic! Considering falling interest rate scenario, coupon rates are reasonable. As we have told you earlier that you can opt for a maximum 75% of the overall gold value as the loan amount. Check eligibility, Muthoot Gold Loan schemes, documents and repayment options at Wishfin +91 … Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. You will be redirected to a new webpage wherein you will 2 options. Past Relationship with Muthoot. The loan amount depends on the purity and value of your gold. Through this loan facility, you can estimate your monthly installments with not only your interest rate but with your loan amount and tenure. While the rate shall be the lowest for the schemes where advance amount vis-à-vis the weight of gold … This content is best experienced in portrait mode. Each scheme has their own advantage and cater to different needs and types of customers. 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. Apart from this, you can also opt for another process – through the Muthoot Blue Application available both on Android and iPhone. This includes Kardahs, necklaces, polka sets, rings, pendants, watches, bracelets, bangles, etc. On the basis of your selection, enter your ‘Customer ID’ or your registered ‘Mobile Number’. Rate of interest is 23.5% p.a. Gold is evaluated by trusted in-house agents. All these needs can be easily fulfilled by this loan facility. With numerous outlets across India and attractive interest rates, you may decide to go for this option taking advantage of their minimal documentation requirements and extremely short processing times. This is like a top-up loan on your existing loan amount. No, there is no need to have a third-party/ external guarantor in order to avail the gold loan from Muthoot Finance. Let’s know about them in detail so that you could choose the suitable one for you without any stress. Click on the ‘Search’ option after that and follow the on-screen instructions to set up your login credentials. Competitive interest rates, easy availability and flexible repayment options make it simpler for people to convert gold into cash in almost no time! 12.00% to 24.00% p.a. Uh-oh! Being a secured loan, the interest rate on gold loan is much lower than personal loan or other forms of unsecured credit. This number appears incorrect / invalid. At present, Muthoot Finance offers 12 different types of gold loan schemes to its customer. Seeking a gold loan to meet your urgent needs? You can choose a repayment period from 9 to 12 months according to your repayment capability and fund requirements. NOTE: Rs. Click to give us a missed call so we can call you back. Apart from applying, you can do the following things as well. Just dial 1800-102-1616 and the representatives will hear your problems with patience and give you the plausible solution. The sanctioned loan value depends on the purity of your gold jewellery and the existing gold prices adjusted for the loan … SBI Gold Loan. This Gold loan scheme by Muthoot Finance is designed especially for those individuals who are independent or are earning their livelihood. Enter your number below. Security: The loan is provided against the collateral security of gold ornaments and gold coins. Demand Drafts, Credit Card or debit card transactions are not accepted at these branches. 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. Either click on the ‘Customer ID’ option. This number appears incorrect/invalid. Well, Muthoot Finance is where you should apply for the same. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. It is reliable to pay interest … Is Gold loan amount affected by gold … The personal gold loan from iMuthoot app carries an interest rate of about 11.25%. For this, you can visit the nearest branch of the Muthoot Finance and know about the value of your gold. Well, to estimate the overall value of your gold, Muthoot Finance used the average price of the Gold for the last 30 days. Suppose your maximum permissible loan amount is INR 3 lakh, and you have taken only a loan amount of INR 2,40,000. A GST rate of 18% will be applicable on banking services and products from 01 July, 2017. Also, you will get the maximum loan amount based on your gold value. So, keep reading to learn more about Muthoot Finance Gold Loan. Muthoot finance. 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 We'll process your application faster too! 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. 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