Muthoot Fincorp offers Gold Loans at reasonable interest rates and maximum value for the pledged ornaments from its close to 3500 branches in India. You can get a loan amount ranging from INR 1 lakh to less than INR 3 lakhs for a period of 9 to 12 months. There is certain belief that the branch staff and the manager have developed in me and that’s why I come here for all the requirements. Past performance is not an indicator of future returns. Go to the official webpage of the Gold Loan EMI Calculator. Meet all your major financial needs such as capital needs of your business or immediate medical expenditure, investment in a property or asset, your child’s education with. Let’s know about them in detail so that you could choose the suitable one for you without any stress. I rushed to Muthoot Blue and took the support of Gold loan. Remember to have all these documents in check so that your application may not get rejected due to this. 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 . One thing you also need to remember is that interest will be only applicable to the reducing balance. I am happy that Muthoot Blue has brought prosperity to my life. The processing fee is merely ranging from INR 12 to INR 20. To get instant Gold Loan, Call 1800 313 1212. 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. The Muthoot Pappachan Group is a twelve decades old reputed business house based in Kerala,India. It was at that time that I got introduced to Muthoot Blue. One of India’s first services by Muthoot Finance, individuals who have not taken up their maximum permissible loan amount by now, can opt for the loan amount without visiting the branch at any hour of the day all year. You only need a basic phone to send the SMS and the amount will be transferred into your account instantly. Well, to estimate the overall value of your gold, Muthoot Finance used the average price of the Gold for the last 30 days. Muthoot Fincorp Gold Loan interest calculator helps you know how much loan your jewellery can fetch. 1,500 is the documentation charged for limits sanctioned for MOS scheme. And apart from this, you can also know the interest rates at which you will get the loan and the number of required EMIs for the repayment. We do not guarantee any loans as loan sanction is as per Banks and Nbfcs. 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. You can choose the one which fits your repayment capacity. So you must be thinking about how Muthoot Finance will calculate the overall value of your gold? Thanks to Muthoot Blue. Loan Amount : Rs.1,500 with no maximum limit: Loan Tenure : 30 days to 36 months This Gold loan scheme by Muthoot Finance is designed especially for those individuals who are independent or are earning their livelihood. Muthoot Gold Loan Interest Rates 2019. The processing fee for this loan is the same as the Blue Power gold loan scheme standing at 0.25% of the loan amount. The final rate of interest will be decided by the lender after assessing your overall profile. Alternatively, you can also email to [email protected], Disclaimer: MMPL does not sell any loans on our own and do not charge any fee from any customers/viewers. Let’s understand through this an example. Later I was given a SME loan based on the progress of the same business. All these needs can be easily fulfilled by this loan facility. Now you have got enough information about all the Gold Loan schemes by Muthoot Finance, so you must want to know about the process through which you can apply for it. 24% per annum is charged for late EMI payments for loans under the MIS scheme. With trust as the bedrock, Group’s core values are Integrity, Collaboration and Excellence which has led us to become one of the top business houses of India today. Also, you will get the maximum loan amount based on your gold value. Know about the various schemes, applicable interest rates and maximum loan eligibility, You can check the Gold Loan Rate in the residing Area, Interest and Principal Portion of your Gold Loan, Know about your Gold Loan Eligibility Amount, You can know the location of the nearest Muthoot Finance Branch, You can also schedule an appointment in the nearest branch to know more products, Details of various Muthoot Finance products, Information about Blood Donors in your Area. The top non-banking finance company (NBFC) offers impressive loan amounts based on the value of the gold ornaments you submit to it. We suggest all users to never pay any upfront amount for any loan disbursal and if any person who call you as representative of MMPL and ask for any amount report the incident immediately via putting us a mail at [email protected] Read More. Most important of all, Muthoot … Suppose your maximum permissible loan amount is INR 3 lakh, and you have taken only a loan amount of INR 2,40,000. This loan is made for those whose fund requirement is above INR 8 lakh with a repayment period of 9 months. Thus, one can opt for the … How to Contact Muthoot Finance Customer Care? Now you must have got a basic idea about all these schemes. If you want to apply for this loan in an offline method, then you just have to go to one of the nearest branches of Muthoot Fincorp which are more than 4,200 across the country and continuously growing. Get gold loan amount Up to Rs. The lower gold loan interest rate at Muthoot Finance is because of its secured nature. This is like a top-up loan on your existing loan amount. For example, if your overall gold value is INR 2 lakh, you could get a maximum loan amount of INR 1.5 lakh. Muthoot Finance is the Largest Gold Loan NBFC in India. As we told you, you will get the loan amount by putting your gold ornaments and jewelry as the collateral. There are a few basic documents that you will need to submit while applying for this gold loan. I was able to get a very good rate of interest and the staff was very helpful in helping me avail the loan. You can choose a repayment period from 9 to 12 months according to your repayment capability and fund requirements. NOTE: Rs. If you want to part release and part payment towards principal and interest, you can do this through this loan. Apart from this, you can also opt for another process – through the Muthoot Blue Application available both on Android and iPhone. The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on our Core Values. Copyright © 2020 Muthoot FinCorp. The repayment period will be a maximum of 9 to 12 months. I even have a health policy from Muthoot. 2 lakhs within 15 minutes. You just have to download this application on your phone and you can apply from this too. Muthoot Finance offers gold loan in online through which you can avail gold loan … The processing fee of INR 50 is inclusive of GST, plus there’s a free registration of the NACH. The company has been … Usually, Muthoot Finance gives upto 75% of the total value of your gold as the loan amount. Muthoot Finance Blue Guide Gold Loan Scheme, Muthoot Finance Blue Big Gold Loan Scheme, Muthoot Finance Blue Big Smart Gold Loan Scheme, Muthoot Finance 24*7 Express Gold Loan Facility. In general Loan on Gold, the credit is available at a low-interest rate. What’s also impressive is that the lender provides different gold loan schemes customized to meet different requirements of the customers. While the rate shall be the lowest for the schemes where advance amount vis-à-vis the weight of gold … MUTHOOT FINANCE LTD. Reg Office: 2nd Floor, Muthoot … Muthoot Finance offers mainly five types of gold loan schemes. Muthoot Fincorp Limited offers trusted Gold Loans in India to suit all your needs and requirements. The calculator is quite quick and accurate, so this process will be hassle-free. Muthoot Finance has the largest gold loan portfolio in India among NBFCs. Muthoot FinCorp Shopping Dhamaka, launched by the company as part of its RestartIndia programme, has directly benefited more than 25,000 shopkeepers in Kerala. To close your Muthoot Finance gold loan, you are required to repay the principal amount and interest accrued either online or by visiting the branch office. Well, Muthoot Finance is where you should apply for the same. This is surely an amazing way to opt for the top-up loan amount for customers who have already taken any of the Muthoot Gold Loan facilities and require an additional amount. I also made ten other people join this company to take loans. Small Business Loans Muthoot Fincorp offers Small Business Loans … You will have to submit the basic KYC documents to apply for this loan facility and the interest rates start from 19% per annum. In case you have a query regarding any of the Gold Loan Schemes provided by Muthoot Finance, you can get in touch with their customer care representatives. I am grateful to Muthoot Blue for bringing happiness to me and my family. For more on loan interest rates and FAQs on Muthoot gold loan, please visit Muthoot Finance website. Not all types of loans may be available at all the branches. The loan amount depends on the purity and value of your gold. The lender has also eased interest rates on the gold loan to ensure you repay it comfortably. The interest rates for this scheme will start from 17% per annum and will depend on a few factors. Opting for a Muthoot Finance Gold Loan is so easy that you can get the loan amount anywhere, anytime with the help of over 3600 branches across the country. Providing gold to people like me through easy options is indeed great. The representatives over there will tell you about the gold loan schemes in detail and help you at each step of the process. Muthoot Finance is also an NBFC that is famous for providing the service of Gold Loan. Every single penny, I have taken from Muthoot Blue, has helped me a lot to grow in my life. Muthoot Finance has provided for three regions viz, Kerala, Outside Kerala and Delhi. The staff there helped me source a loan against my gold, with which I started my Saree Business. This Muthoot Gold Loan scheme is perfect for those individuals who are looking to fund their small day to day requirements. After you submit the application, the representatives of Muthoot Finance will contact you regarding your loan application. The interest rates start from 15% per annum and the final rate will be fixed based on your overall profile. It’s hard to believe, but it is the truth! I visited Muthoot Blue branch and received Gold loan of Rs. What are the Different Kinds of Muthoot Gold Loan Schemes? Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. With this tool, you can know the best value for the gold you are putting as collateral. Taking a Gold Loan from Muthoot Finance is a very simple process and requires minimum documentation. 1 lakh Cheap Gold Loan Interest … Through this loan facility, you can estimate your monthly installments with not only your interest rate but with your loan amount and tenure. The interest is charged on monthly compounding basis. With the growing popularity of gold loans every year, it is important to know not only what gold loan is but also how it works, gold loan interest rates, and other related details. Apart from applying, you can do the following things as well. Bringing joy to millions through a Diversified Product Portfolio. … The bank charges interest on gold loan and once you pay back the loan amount along with the interest in full, you can take your gold item back. And your loan amount will depend on the overall value of your gold. Higher the purity of your gold will, the higher will be the loan amount. And, it can go up to 26% per annum. The eventual loan amount, of course, will depend on your gold value. For the past 133 years, the company has been providing trusted services to over 2.5 lakh people daily. I have taken a gold loan and made use of the EMI facility for buying gold. Being a secured loan, the interest rate on … 2 Lakhs. Penal interest … Low-Interest Rate: The gold loan interest rate is much lower as compared to other loans as it is a secured loan… Muthoot Finance Gold Loan is the largest and one of the leading financing company to offer gold loan. These are the Blue Guide, Blue Bright, Blue Power, Blue Big, and Blue Smart Gold Loans. 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. Muthoot gold loan comes with attractive interest rates and quick loan disbursal. In the below table, you can have an overview of all of these schemes. You can have a look at the list of documents below. Best Cashback & Rewards Credit Cards in India. You can choose the scheme which is ideal for your needs from the variety of gold loan schemes. In this article, we will discuss and compare two main gold loan providers, Muthoot and Manappuram gold loan. 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