Muthoot Finance Gold Loan

Gold Loan at 7.15% p.a

Apply & Get Instant Money

Muthoot Finance Gold Loan Key Features – Apply Now!

Muthoot Finance Gold Loan Interest Rate 7.15% per annum
Muthoot Finance Gold Loan Per Gram Rate Per Gram Today is ₹ 5,293
Muthoot Finance Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Muthoot Finance Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Muthoot Finance Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Muthoot Finance Gold Loan Repayment Tenure 3 Months to 24 Months
Muthoot Finance Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Muthoot Finance Bank Gold Loan:

  • Fast Processing: Muthoot Finance Bank’s Gold loan approval and withdrawal process are quick and easy. The loan is usually delivered in an hour.
  • Low-interest rate: The interest rate on gold loans is much lower compared to other loans because it is a secured loan.
  • Minimal Documentation: The documentation process is simple and straightforward. The least amount of documents is required for Muthoot Finance Bank gold loan approval.
  • Transparent system: We do not charge hidden rental fees. The bank strives to be completely transparent to you.
  • Loan amount: The minimum loan amount available to clients is 15,000 rupees, although it can often be less than 10,000 rupees in remote areas.
  • Jewellery Security: We are responsible for the security of your gold. The gold is then kept in fireproof vaults.
  • Loan term: The term of the gold loan can be between 3 months and two years. You can make a choice for tenure at your convenience.
  • Advantages for farmers: Muthoot Finance Bank has some special offers for agricultural purposes. This shows that the bank is offering farmers a slightly lower interest rate on gold loans for agricultural use.
  • No Burden of Debt: We understand that there may be situations where an applicant is unable to repay the loan amount. In such a scenario, the lender is not in debt as the bank will only seize the ornaments that you have.
  • No Income Limits: There are no such restrictions on the lender’s salary or income. Therefore, anyone with any income range can take advantage of it.

How Much Gold Loan can I Get through Muthoot Finance Bank Gold Loan:

Muthoot Finance Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

Muthoot Finance Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Muthoot Finance Bank Gold Loan Documents Required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

Muthoot Finance Bank Gold Loan Interest Rate, Fees, and Charges:

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

About Muthoot Finance Bank Gold Loan:

If you are facing financial problems, solve them with the most appropriate option, the Gold Loan. Loans given for gold are called gold loans. The borrower keeps the gold jewel as collateral with the lender and receives cash. Get instant approval and a hassle-free process. A brief document is available at. A gold loan is a secured loan. Therefore, even people with a low CIBIL rating can easily use this service.

However, while there are many types of financial banking and non-banking businesses that offer gold loan services, Muthoot Finance Bank Gold Loans are the most considered. It is a few of the most reputed and trusted banks in India. Apart from this, it is famous for its very good financial services. To apply for a Muthoot Finance Bank Gold Loan and take advantage of the best offers on your product.

  • Muthoot Finance Bank Gold Loan Interest Rate is 7.15% per annum
  • Muthoot Finance Bank Gold Loan Per Gram is ₹ 5,293
  • Muthoot Finance Bank Gold Loan Tenure: Up to 24 months
  • Muthoot Finance Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Muthoot Finance Bank Gold Loan:

Muthoot Finance Bank offers various schemes related to Gold Loan Products, which are listed below:

  • Loan against Gold – Muthoot Finance Bank offers a gold loan at an attractive interest rate to meet the immediate requirement of one’s funds for any purpose whether Is it personal or professional. A gold loan is definitely a secured loan; The bank has no risk of lending money to a person, so it is offered at a lower interest rate than various types of loan goods.
  • Agriculture Gold Loans – Muthoot Finance Bank offers gold secured loans to farmers at special interest rates, especially for agricultural needs, compared to gold loans provided for various needs. They are given special offers and should provide proof of the land of the bank for which they are taking loans.

Muthoot Finance Bank Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

How to Pay Your Muthoot Finance Bank Gold Loan EMI?

Your Muthoot Finance Bank Gold Loan is usually repaid in the following three alternative ways:

  • Standing Instruction (SI): Standing Instruction is the best and most reliable method of payment if you currently have an account with Muthoot Finance Bank. The amount of your EMI automatically goes from the month to the month of the Muthoot Finance Bank bank account in which it appears.
  • Electronic Clearing Service (ECS) – This method of payment is usually applied when you have a bank record that is not related to Muthoot Finance Bank, and you want us to use your account Receive your EMI on a monthly-monthly basis mentioned.
  • Postdated Checks (PDC): You can disclose your own Posted Dated EMI Reports for Muthoot Finance Bank Illegal Statement at the nearest Muthoot Finance Bank Loan Center. A different version of PDCs was quickly awarded. It would be notable if you could see that post-date scrutiny is going on in non-ECS states as they were.

Muthoot Finance Bank Gold Loan Contact Number:

Call 9878981144 for immediate assistance and approval for your Muthoot Finance Bank gold loan. You can easily find out about the most effective gold loan offers from all Muthoot Finance Bank branches across the country to take advantage of the most effective deal applicable to your choices.

Gold Ornaments Accepted by Muthoot Finance Bank :

  • Muthoot Finance Bank approves Gold Jewellery, gold bracelets, gold bracelets, gold bracelets, gold necklaces, etc. to use the gold loan.
  • Quality: The gold standard should be between 18 and 22 carats. No 24-carat gold ornaments can be used when applying for a gold loan.

Use of Muthoot Finance Bank Gold Loan:

The funds raised by the use of the Muthoot Finance Bank Gold Loan service can be used for multiple functions, such as:

  • To fund any personal investment, such as marriage, hiking, higher tuition payments, etc.
  • Loan programmes are still available for all of your marketing needs, such as obtaining materials, producing, promoting, etc.
  • In addition, you can also use the Gold Loan for agricultural ideas. The bank has lower interest rates for gold loans used for farming or related ventures.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.15% – 14.50%

ICICI Gold Loan

7.15% – 16.10%
Muthoot Finance Gold Loan

7.15% – 24.00%

Axis Bank Gold Loan

7.15% – 17.00%
Manappuram Gold Loan

7.15% – 26.00%

Yes Bank Gold Loan

7.15% – 15.99%
Bank of India Gold Loan

7.15% – 26.00%

Federal Bank Gold Loan 

7.15% – 13.50%
IIFL Gold Loan

7.15% – 12.00%

Central Bank of India Gold Loan

7.15% – 14.65%

Canara Bank Gold Loan

7.15% – 12.65%

Allahabad Bank Gold Loan

7.15% – 10.45%

Induslnd Bank Gold Loan

7.15% – 15.75%
PNB Gold Loan

7.15% – 11.75%

Bajaj Finance Gold Loan

7.15% – 26%
SBI Gold Loan

7.15% – 15.99%

Indian Bank Gold Loan

7.15% – 15.99%
UCO Bank Gold Loan

7.15% – 26.00%

Kotak Mahindra Bank Gold Loan

7.15% – 13.50%
Syndicate Bank Gold Loan

7.15% – 12.00%

 

FAQs About Muthoot Finance Bank Gold Loan:

  • What is the Muthoot Finance Bank Gold Loan?

The Muthoot Finance Bank Gold Loan is a form of loan that you can only use for urgent financial assistance by keeping your gold as collateral with the bank. Term Loan, Overdraft, and EMI interest rates dependent predominantly on loans are also included. The total Gold Loan disbursement time for India is just 45 minutes.

  • How can I get the Gold Loan from Muthoot Finance Bank?

By visiting any of the gold loan approval branches in India, you can get a Muthoot Finance Bank Gold Loan; otherwise, from the comfort of your home, you can apply online with BestLoanDeal and take the best offers and deals. It is one of the few leading banks that have Gold Loan services in India.

  • What is the Gold Loan Interest Rate in Muthoot Finance Bank?

The gold loan rate is 7.15 per cent per annum in India. The interest rate usually depends on a variety of components, including the amount of the loan, the loan’s tenure, the purity of gold, and the relationship with the bank.

  • How much Gold Loan can I get per gram in Muthoot Finance Bank?

The gold loan you will get at Muthoot Finance Bank per gramme depends on the purity of your gold. Muthoot Finance Bank accepts pure gold from 18 carats to 22 carats to supply a gold loan. In the Muthoot Finance Bank Gold Loan, up to 5,293 per gramme can be used.

  • How to check Gold Loan status in Muthoot Finance Bank?

To evaluate your Muthoot Finance Bank Gold Loan status, all you have to do is visit the Muthoot Finance Bank loan status tracker web page and fill in your details with the application issued. You can remotely track your loan’s status from anywhere and keep it updated.

  • How to calculate Gold Loan Interest in Muthoot Finance Bank?

You can calculate the interest on your Muthoot Finance Bank Gold Loan interest through the BestLoanDeal ‘EMI Calculator, which gives you exact amounts depending on the information you insert into the calculator.

  • How to Pay Muthoot Finance Bank Gold Loan Interest Online?

You can conveniently pay Muthoot Finance Bank Gold Loan interest online through internet banking on the official Muthoot Finance Bank loan repayment website or else; you can also repay your Muthoot Finance Bank Gold Loan on Paytm using the most preferred method.
  • What if I can’t pay the interest on Muthoot Finance Bank Gold Loan for 3 months?

If your Muthoot Finance Bank Gold Loan is not paid within three months, your incomplete dues will be remembered first by the bank. If the payment requests go unanswered, a formal legal notice regarding repayment and termination of the loan is distributed. The default on your gold loan leads to a decline in your credit score that makes you liable to legal action by the bank, along with the confiscation of the sale of your gold.

  • How can I apply for EMI Moratorium on Muthoot Finance Bank Gold Loan?

You can currently apply for the EMI Moratorium on Muthoot Finance Bank Gold Loan between 1 March and 31 August 2020 and have to do so by contacting the Bank’s customer service department or visiting the nearest branch of Muthoot Finance Bank.