This scheme is only available at Southern India branches only. Leaving so soon? Click on the ‘Search’ option after that and follow the on-screen instructions to set up your login credentials. It’s hard to believe, but it is the truth! Six Things About Gold Loans You May Not Know, Best Cashback & Rewards Credit Cards in India. For example, if your overall gold value is INR 2 lakh, you could get a maximum loan amount of INR 1.5 lakh. 7.75% – 8.50%. We don't spam or sell your details to annoying people. A GST rate of 18% will be applicable on banking services and products from 01 July, 2017. Click to give us a missed call so we can call you back. Each scheme has their own advantage and cater to different needs and types of customers. Check eligibility, Muthoot Gold Loan schemes, documents and repayment options at Wishfin +91 … Copyright © 2021   BankBazaar.com. 14.00% – … Q. Well, to estimate the overall value of your gold, Muthoot Finance used the average price of the Gold for the last 30 days. At present, Muthoot Finance offers 12 different types of gold loan schemes to its customer. Higher the purity of your gold will, the higher will be the loan amount. You only need a basic phone to send the SMS and the amount will be transferred into your account instantly. 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. Manappuram. Either click on the ‘Customer ID’ option. Please re-enter your phone number. The calculator is quite quick and accurate, so this process will be hassle-free. Gain an edge by connecting with us via email. ABOUT COMPANY: Muthoot Finance Ltd.(MFL) is the largest gold loan NBFC in India in terms of loan portfolio. Rest of India – Rs.5 per transaction, As per the applicable rates of the respective states, 2% rebate if 100% interest paid on a monthly basisÂ, 3% rebate if 100% interest paid on a monthly basisÂ, 2%% rebate if 100% interest paid on a quarterly basisÂ, 2% rebate if 100% interest is paid on a monthly basis.Â. 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. Please re-enter your phone number. No charges for prepayment of the loan amount. Through Muthoot Finance Ltd. gold loan services you can avail cash against your gold within a few minutes. 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. This applies to both its existing and new borrowers. What are the key features of Muthoot Gold Loan? In the below table, you can have an overview of all of these schemes. Deal? Go through this article to know more about Muthoot Gold Loan! 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. You will have to submit the basic KYC documents to apply for this loan facility and the interest rates start from 19% per annum. Is Gold loan amount affected by gold … In general Loan on Gold, the credit is available at a low-interest rate. Muthoot Finance Home Loan Interest Rates. The loan amount depends on the purity and value of your gold. This offer has lower rates compared to its last offer of October 2020. So, apply for the Muthoot Finance Gold Loan and avail the best offers on your product. For this, you just have to visit the official website of the Muthoot Finance and there you will see the ‘Apply Now’ button in the Gold Loan section of the website. Rate of interest is 23.5% p.a. In order to know more, kindly get in touch with any branch of Muthoot Finance. How is the Market Value of Your Gold Jewelry and Ornaments Calculated? The rate of interest offered by Muthoot Finance Home Loan is linked to the Retail Prime Lending Rate (RPLR), which currently stands at 15.95%. The Muthoot EMI Scheme or MES is ideal for all salaried individuals and professionals, who are looking for a gold loan and can repay it through EMIs instead of bullet payments or a lump sum payment. The interest is charged on monthly compounding basis. The lender has also eased interest rates on the gold loan to ensure you repay it comfortably. ‘Sign-up here’ option under the login field. However, you need to remember that 36 months’ tenure applies to those individuals who are opting for a loan amount above INR 5 lakh. The Muthoot Mahila Loan or MML is a specialised scheme which is offered to women borrowers. Name of Scheme : Muthoot Finance Gold Loan : Rate of Interest : 12% p.a. We are providing you details about both of the methods below which you can check. The Muthoot Delight Loan or MDL has been specially designed for borrowers who are looking for a loan amount of up to Rs.2 lakh and paying lower interest. Loan Tenure: 5-30 years. The needs of an individual can be different from each other depending on which stage he/she is in. If you want to part release and part payment towards principal and interest, you can do this through this loan. You can repay the loan directly at a Muthoot Finance Branch via Cheque or cash. SBI Gold Loan. The Muthoot Overdraft Scheme or MOS is specially designed for traders, businessmen, pharmacists, petrol pump owners, shopkeepers, etc. Gold is evaluated by trusted in-house agents. 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. Security: The loan is provided against the collateral security of gold ornaments and gold coins. Let’s understand through this an example. Online Gold Loan. Most competitive LTV and Interest Rates. Suppose your maximum permissible loan amount is INR 3 lakh, and you have taken only a loan amount of INR 2,40,000. You can avail a loan amount of as low as Rs.1,500. Super Saver Scheme or SSS offers gold loan with loan amount starting at Rs.199 lakh. So, you can see that for this service, you neither need any Smartphone nor Internet Connection to get the loan amount. The app is free of cost, it is an additional benefit offered to Muthoot Finance customers. The sanctioned loan value depends on the purity of your gold jewellery and the existing gold prices adjusted for the loan … Please rotate your device for optimal display. Is iMuthoot personal gold loan affordable? Banks. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 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. 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. All these needs can be easily fulfilled by this loan facility. Enter your number below. We’ll be in touch very soon (and we promise not to be pesky!). 24% per annum is charged for late EMI payments for loans under the MIS scheme. How to Contact Muthoot Finance Customer Care? Privacy Policy. 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. This number appears incorrect / invalid. Moreover, the reason behind that the gold … You’ve left us your number. With the help of the Muthoot Gold Loan Calculator, you can know the loan amount you can get based on your gold value, your eligibility. So you must be thinking about how Muthoot Finance will calculate the overall value of your gold? 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. Other than this, if you want to pay the total principal and interest amount in one go, you can opt for the Bullet Repayment Method too. The final rate of interest will be decided by the lender after assessing your overall profile. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. There is no cap in the maximum loan amounts. So you don’t need to worry even a bit. Uh-no! You will receive a call shortly from our customer support. This scheme can be availed all across the country in all Muthoot Finance branches. The lower gold loan interest rate at Muthoot Finance is because of its secured nature. The rebates offered on interest rate of the gold loan availed under the Muthoot Super Loan (MSL) scheme, Muthoot Premier Loan (MPL) scheme, Muthoot Ultimate Loan (MUL), and Muthoot Super Saver Scheme (SSS) scheme are as follows: Customers who are citizens of India can avail a gold loan from Muthoot Finance after providing their gold ornaments and a few necessary documents. You can choose your repayment mode for a tenure of 3 to 36 months. NOTE: Rs. The interest rate for Muthoot gold loan starts from 12% per annum. Q. Yes, you can make a partial payment towards principal of the gold loan along with interest payable, at any Muthoot Finance branch across India or pay online through the Muthoot Finance website. Muthoot Finance Ltd. is one of the most popular gold loan providers in India with more than 2 lakh customers availing their services on a daily basis. To know more about this, you can also contact the customer care number which is 1800-102-1616. Muthoot Finance Gold Loan Interest Rate is 7.10% per annum Muthoot Finance Gold Loan Per Gram is ₹ … 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 … This number appears Incorrect/ invalid. Uh-oh! No, there is no need to have a third-party/ external guarantor in order to avail the gold loan from Muthoot Finance. Psst... We'll ensure you're the very first to know the moment rates change. Muthoot gold loan Interest Rates start from 12% per annum. Apart from this, you can also opt for another process – through the Muthoot Blue Application available both on Android and iPhone. Now you must have got a basic idea about all these schemes. Well, Muthoot Finance is where you should apply for the same. We do not guarantee any loans as loan sanction is as per Banks and Nbfcs. The best thing about this is if you want to prepay your loan amount, there will be no extra charges for it. The interest rate applicable on a home loan depends on the type of loan … 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. There are a few basic documents that you will need to submit while applying for this gold loan. You just have to download this application on your phone and you can apply from this too. Age: Above 18 years: Minimum loan … South Indian branches – Rs.10 per ordinary notice (up to 3 notices) and 4th notice registered is Rs.70, Rest of India – Rs.30 per ordinary notice (up to 3 notices), 4th notice registered is Rs.100, and auction notice charges being Rs.120. With this loan facility from Muthoot Finance, you can opt for as low loan amount as INR 5,000 at interest rates starting from 15% per annum. You can have a look at the list of documents below. This scheme places the gold as an “additional bank limit” to fund the growth of the respective businesses. What are the Different Kinds of Muthoot Gold Loan Schemes? The Muthoot Ultimate Loan or MUL are ideal for the individuals who are looking for a gold loan wherein they can avail maximum loan amount and also earn discounts by making timely payments of their monthly interests. Lowest EMI Per Lakh: 2,162 for 5 years Great first step! Want to get Loan Against your Gold? To use this calculator, you just need to follow these simple steps. Since the gold loan application process is easy and quick, it is one of the most preferred loans to take during an emergency. It is reliable to pay interest … Uh-oh! We'll process your application faster too! 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. 12.00% to 24.00% p.a. It comes with different loan disbursement options and digital payment services. The eventual loan amount, of course, will depend on your gold value. This Gold loan scheme by Muthoot Finance is designed especially for those individuals who are independent or are earning their livelihood. Read on to know more about gold loan interest rate. This scheme is most beneficial for customers running their own business, property dealers, traders, shop owners, builders, etc., who are looking for a loan with an extended loan repayment tenure. Download The Economic Times … Competitive interest rates, easy availability and flexible repayment options make it simpler for people to convert gold into cash in almost no time! As we have told you earlier that you can opt for a maximum 75% of the overall gold value as the loan amount. Also, you will get the maximum loan amount based on your gold value. This includes Kardahs, necklaces, polka sets, rings, pendants, watches, bracelets, bangles, etc. You should choose the one which is most suitable for you according to your income, requirement, and repayment capability. We advise customers/viewers to choose from best offers from Banks and its advertisers. Muthoot Finance Gold Loan is the largest and one of the leading financing company to offer gold loan. Gold Loan Rate per Gram valuation at Muthoot Fincorp. Let’s know about them in detail so that you could choose the suitable one for you without any stress. The interest rates for this scheme will start from 17% per annum and will depend on a few factors. As soon as you fill all these details into the calculator, it will give you a table showing various schemes with different interest rates and tenure. Muthoot Finance offers mainly five types of gold loan schemes. The Muthoot High Value Loan or MHL is another specially curated gold loan scheme offered by Muthoot Finance. The processing fee is merely ranging from INR 12 to INR 20. 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. As we told you, you will get the loan amount by putting your gold ornaments and jewelry as the collateral. The processing fee for this loan is the same as the Blue Power gold loan scheme standing at 0.25% of the loan amount. Identity Proof – Aadhar Card/ PAN Card/ Voter ID Card, Address Proof – Ration Card/ Driving Licence/ Aadhar Card. How Gold Loan Interest Rates are Determined in India? This content is best experienced in portrait mode. 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. Moving in step with the digital era where people find the 'Online' medium more convenient to make transactions and payments, Muthoot Finance India, India's largest gold loan company has launched its new online interest payment service ‘Muthoot … The actual interest rate varies depending on the gold purity, loan value and the … 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. 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. We promise never to spam you. The top non-banking finance company (NBFC) offers impressive loan amounts based on the value of the gold ornaments you submit to it. Muthoot finance LTD red is under monetory control of RBI.They are reporting to CIBIL once in quarter.Perhaps score changes based on loan age whether it is performing asset or NPA . Please provide some details to get the best offers. This loan is made for those whose fund requirement is above INR 8 lakh with a repayment period of 9 months. The Muthoot One Percent Loan is meant for customers who are looking for a gold loan at lower interest rates. Interest rate: The interest rate ranges from 12% to 27% and is specific to different states and … Muthoot Finance Gold Loan Interest Rates @12.00% - 27.00% How to Apply. This Page is BLOCKED as it is using Iframes. Considering falling interest rate scenario, coupon rates are reasonable. Muthoot Finance Gold Loan Interest Rates Below-provided is a list of Muthoot gold loan interest rate. Muthoot Premier Loan or MPL is a gold loan scheme for borrowers who wish to avail loan amount starting at Rs.1 lakh for a tenure of 1 year. What’s also impressive is that the lender provides different gold loan schemes customized to meet different requirements of the customers. Past performance is not an indicator of future returns. After you submit the application, the representatives of Muthoot Finance will contact you regarding your loan application. 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. Remember to have all these documents in check so that your application may not get rejected due to this. Check and Compare Gold Loan Interest Rates of Various Bank in India. This is like a top-up loan on your existing loan amount. Well, the application process is quite easy and it can be done via both online and offline methods. Small Business Loans Muthoot Fincorp offers Small Business Loans … The Muthoot High Value Loan Plus or MHP is ideal for customers who are looking for gold loans at low interest rates. Muthoot Finance is ranked among the top gold loan providers in India. No extra price is charged for iMuthoot app. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). 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. Usually, Muthoot Finance gives upto 75% of the total value of your gold as the loan amount. This number appears incorrect/invalid. The processing fee of INR 50 is inclusive of GST, plus there’s a free registration of the NACH. The personal gold loan from iMuthoot app carries an interest rate of about 11.25%. The repayment period will be a maximum of 9 to 12 months. This Muthoot Gold Loan scheme is perfect for those individuals who are looking to fund their small day to day requirements. Being a secured loan, the interest rate on gold loan is much lower than personal loan or other forms of unsecured credit. Muthoot Finance Blue Guide Gold Loan Scheme, Gold Loan Apps: Everything You Need to Know About, Muthoot Finance Blue Big Gold Loan Scheme, Muthoot Finance Blue Big Smart Gold Loan Scheme, Muthoot Finance 24*7 Express Gold Loan Facility. Muthoot … 1,500 is the documentation charged for limits sanctioned for MOS scheme. The minimum tenure for which you can avail a gold loan is 7 days. Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. A. You will be redirected to a new webpage wherein you will 2 options. 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. 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