Muthoot Finance Gold Loan Key Features
| Muthoot Gold Loan Interest Rate | Starting 9.00% p.a. |
| Muthoot Gold Loan Per Gram Rate | Muthoot Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
| Muthoot Finance Maximum Loan Amount | Up to Rs. 1 Crore |
| Muthoot Finance Minimum Loan Amount | 75% LTV on Your Gold Market Price |
| Muthoot Finance Gold Requirement | Minimum 18 Carat |
| Muthoot Finance Gold Loan Processing Fee | 1% of the Principal Loan Amount |
| Muthoot Finance Prepayment Charges | Nil |
| Muthoot Finance Repayment Tenure | 36 Months |
| Muthoot Finance Gold Loan Schemes | Bullet Payment Scheme, EMI Scheme |
Introduction to Muthoot Finance Gold Loan
Muthoot Finance gold loan can be availed to meet an urgent need for cash by pledging one’s gold ornaments or gold coins as collateral. A Gold loan is one of the quickest and easiest ways of borrowing money and can be availed by any existing customer of Muthoot Finance as well as new borrowers. With Muthoot Finance, you will not only be able to avail of the gold loan easily but it will also be at a competitive interest rate.
Muthoot Finance Gold Loan Comparison With Other Banks
| Particulars | Muthoot Finance | SBI | HDFC Bank |
| Interest Rate | 9.00% p.a. | 7.25% per annum | 9.90% – 17.55% p.a. |
| Processing Fees | Up to 1% of the loan amount, minimum Rs. 750 | 0.50% of the loan amount, minimum Rs. 500 | 1.50% of the loan amount |
| Loan Tenure | Up to 36 months | 3 months to 36 months | 3 months to 24 months |
| Loan Amount | Up to ₹ 1 crore | ₹ 20,000 to ₹ 20 Lakh | ₹ 25,000 to ₹ 50 Lakh |
| Foreclosure Charges | Up to 1% of the outstanding amount | Nil | Nil after 3 months |
| Repayment Options | Y | Y | Y |
| Lowest EMI Per Lakh | ₹ 8,792 per lakh | ₹ 3,111 per lakh | ₹ 4,610 per lakh |
Tips To Get Gold Loan From Muthoot Finance Fast
- Muthoot Finance accepts both hallmarked and non-hallmarked jewellery in exchange for money. However, you can get the highest gold loan per gram for any hallmark jewellery, because it reduces the chances of under-valuation by the valuer.
- Muthoot Finance can adjust the price of 22-carat gold for the purity of gold. Therefore, one should also try to borrow against jewellery of higher purity because it fetches the highest amount for a gold loan.
- Muthoot Finance will calculate the net weight of the jewellery to calculate the amount of loan against the gold you can get. You can always try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. But Muthoot Finance will rely on the report of its gold valuer to calculate the net weight. Higher the weight of gems and stones in jewellery, lower the net weight and value of jewellery which results in a lower amount of jewel loan you can are eligible to get.
Advantages Of Muthoot Finance Gold Loan
- The lowest rate of interest is 11.99% p.a.
- Quick processing.
- Your Gold is safe and secured in a Muthoot Finance locker.
- You can use the gold loan money for any personal purpose.
- Less documentation only, No CIBIL score.
- Furthermore, Flexible repayment options as well as lower monthly outflow.
- Besides that No processing fees.
- Muthoot Finance charges up to .50% on the principal amount in case of a Gold Loan Foreclosure.
- Bad credit history, not an issue.
- Instant Processing and Disbursal.
- You can borrow in thousands to a crore.
You can call on 9878981144 to avail of the Best Deals and Offers on the gold loan per gram in Muthoot.
Muthoot Finance Gold Loan Rate Per Gram – Nov 21 2024
As per the latest gold prices, Muthoot Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350. You can avail of LTV of Up to 75% of your gold.
Muthoot Gold Loan Per Gram Rate w.e.f Nov 21 2024 |
||||
| Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
| 1 gram | 4621 | 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 |
About Muthoot Finance Gold Loan
Muthoot Finance is one of the largest Gold Loan providing companies in India which was set up in 1939. Muthoot Finance Gold Loan is one of the leading products in the Industry. Muthoot Finance is a non-banking financial company, and it has 4400 branches all over India. Furthermore, The commercial company has a good reputation, and the company is reliable too. Therefore, there is no risk of fraud at all. Muthoot finance also caters to other financial products like personal loans, but a gold loan is the most popular product. So many people get a Gold Loan to overcome their financial crisis. Therefore, even you can avail yourself of the service of Muthoot Finance Gold Loan to overcome financial hurdles.
- Muthoot Gold Loan Interest Rate is 11.99% p.a.
- Muthoot Finance Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350
- Muthoot Finance Gold Loan Tenure is up to 36 months
- Muthoot Finance Gold Loan processing fee is 1% or Rs.1000 whichever is higher
Muthoot Finance Gold Loan Features
- The gold loan is approved very easily and disbursed quickly.
- Muthoot finance charges very less processing fees for the gold loan.
- The amount of gold loan starts from Rs. 18000 and can be up to 1 Crore.
- Muthoot finance offers the facility of pre-payment. It means that if you want to close your loan before the tenure of the loan, then you can do so without any extra charges.
- Response time for the queries of the customer is speedy.
- Tenure can go up to 36 Months.
- Gold Loan Interest Rates charged by the Muthoot finance are very reasonable in comparison to the other banks. Therefore, the customer prefers only Muthoot finance over other banks.
- There is a processing fee of 1% of the loan amount sanctioned.
The company provides three-layered security of the Gold. The Gold is kept very securely in the lockers.
Benefits of Gold Loan from Muthoot Finance
A gold loan provides urgent assistance in times of need by allowing a person to obtain the cash within one day. The loan will be used for a variety of items, including the following:
- A gold loan will be used to help children pay for their tuition.
- It will help you grow your market or meet your working capital needs.
- To boost agriculture by purchasing irrigation and other machinery.
- A gold loan will be a lifesaver in the event of a medical emergency.
- To obtain an immediate loan whilst on a holiday
- Gives the impression of having a personal commodity to fund your needs.
Muthoot Finance Gold Loan Schemes
Muthoot Finance Gold Loan Schemes come with certain terms and conditions but can be availed while keeping the gold as a security. The gold kept as security could be jewellery, gold bangles, or any accessory made of gold. With competitive interest rates, easy loan disposal makes it an accessible credit option for people, looking for loans.
Key highlights of multiple Gold Loan Schemes:
- The interest rate charged is based on a monthly compounding premise
- The Rebate is feasible when the interest of the given loan is paid off on time
- The loan period of all the loans is 360 other than few exceptions as MOS, ZIL, IPL, and MES,
- The Loan period for the Schemes like MOS and IPL is twelve months.
- For schemes such as ZIL and MES, the loan period differentiates from 6 months to 36 months.
- Few Schemes are functional only in particular parts of India.
| Muthoot Gold Loan Schemes |
| Muthoot One Percent Loan |
| Muthoot Ultimate Loan |
| Muthoot Gold Loan Overdraft Scheme |
| Muthoot Delight Loan |
| Muthoot EMI Scheme |
| Muthoot Advantage Loan |
| Muthoot Super Loan |
| Muthoot High-Value Loan Plus |
| Muthoot High-Value Loan |
| Muthoot Super Saver Scheme |
Muthoot One Percent Loan
Clients from the business network, (for example, merchants, property vendors, manufacturers, and retailers) who are searching for little advances at low-financing costs can decide to apply for Muthoot One Percent Loan.
Key points of Muthoot One Percent Loan
- Interest Rate: When the total interest is paid monthly, a 11.99% interest rate is applicable.
- Minimum Loan Sum: ₹ 1,500
- Maximum Loan Sum: ₹ 50,000
- Loan Period: 12 Months
- Online availability of Gold Loan: Available
- Free Insurance for secured Gold commodities: Available
Muthoot Ultimate Loan
Muthoot Premier Loan is most appropriate for clients who need the greatest advance worth and limits on ideal interest instalments.
Highlights of Muthoot Ultimate Loan
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: ₹ 1,500
- Maximum loan amount: No limit
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
Muthoot Finance Gold Loan Overdraft Scheme
Business owners looking for finance can opt for Overdraft Scheme as it perfectly fits their requirements.
Features of Muthoot Overdrafts Scheme
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: ₹ 2 lakh
- Maximum loan amount: ₹ 50 lakh
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
Muthoot Delight Loan
Muthoot Delight Loan is for customers who want a gold loan of up to ₹ 2 lakh at a lower rate of interest.
Key Highlights of Muthoot Delight Loan:
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: ₹ 1,500
- Maximum loan amount: Up to ₹ 2 lakh
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
Muthoot EMI Schemes
Professional and salaried class customers who prefer paying easy instalments (EMI payments) instead of a lump sum or bullet payments can go for Muthoot EMI Scheme.
Specialities of Muthoot EMI Schemes:
- Interest rate: 11.99% p.a. (diminishing balance)
- Minimum loan amount: ₹ 20,000
- Maximum loan amount: No limit
- Loan tenure: 6, 12, 28, 24, 30, or 36 months
- No penalty on prepayments
- Maximum loan value offered
- A grace period of 3 days for late payment of EMI
- Freedom to pay one or more EMIs based on your convenience
Muthoot Advantage Loan
Customers who want a fairly good per gram rate at an attractive interest rate can apply for Muthoot Advantage Loan.
Highlights of Muthoot Advantage Loan:
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: ₹ 1,500
- Maximum loan amount: Up to ₹ 5 lakh
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
- Offered at Muthoot Finance’s North, East and West India branches only
Muthoot Super Loan
Individuals who want maximum loan amount and discounts on timely interest payments can opt for Muthoot Super Loan.
Features of Muthoot Super Loan:
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: Rs. 1,500
- Maximum loan amount: Rs. 99,900
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
Muthoot Finance issues a Gold Loan per gram rate of ₹ 3,800 to ₹ 4,350 in line with the current gold rate. The best Muthoot Finance Gold Loan Rate per gram is ₹ 3,800 to ₹ 4,350 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 3,800 to ₹ 4,350.
Muthoot Finance High-Value Loan Plus
Individuals, from the business community such as traders, property dealers, builders, and shop owners, looking for a low-interest gold loan can avail of Muthoot High-Value Loan Plus.
Features of Muthoot High-Value Loan Plus:
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: ₹ 5 lakh
- Maximum loan amount: No limit
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
Muthoot Finance High-Value Loan
Muthoot High-Value Loan is an ideal financing solution for anyone from the business community looking to avail of a gold loan for a longer period.
Key Features of Muthoot High-Value Loan:
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: Rs. 3 lakh
- Maximum loan amount: No limit
- Loan tenure: 12 months
- Online Gold Loan (OGL) facility: Available
- Free insurance of pledged gold ornaments: Available
Muthoot Super Saver Scheme
Customers for whom savings is the priority can go for Muthoot Super Save Scheme.
Key points of Super Saver Scheme:
- Interest rate: 11.99% p.a. onwards
- Minimum loan amount: ₹ 1.99 lakh
- Maximum loan amount: No limit
- Offered in Muthoot Finance’s South India branches only
- No penalty on loan prepayment
Muthoot Finance Gold Loan Schemes and Details:
| Muthoot Gold Loan Schemes* | Interest Rate (p.a.) | Ideal for |
| Muthoot One Percent Loan | 11.99% onwards | Customers who require small loans at low-interest rate |
| Muthoot Ultimate Loan | 11.99% onwards | Customers who want maximum loan value and discounts on timely Interest payments |
| Muthoot Overdraft Scheme | 11.99% onwards | Business owners |
| Muthoot Delight Loan | Attractive rates | Customers who want loan of up to Rs. 2 lakh at lower rate of interest |
| Muthoot EMI Scheme | 11.99% onwards | Customers who wish to repay gold loan through EMI payments |
| Muthoot Advantage Loan | 11.99% onwards | Customers who want to benefit from competitive gold per gram rate |
| Muthoot Super Loan | 11.99% onwards | Customers who want maximum loan and discounts on timely interest payments |
| Muthoot High Value Loan Plus | 11.99% onwards | Business owners |
| Muthoot High Value Loan | 11.99% onwards | Customers who need financing for a longer period |
| Muthoot Super Saver Scheme | 11.99% onwards | Customers for who want to save on their loan |
Muthoot Finance Gold Loan EMI Calculator
Loan in Gold Muthoot EMI is a fixed amount that you pay each month to repay your jewel loan. Muthoot Fincorp Ltd. provides an EMI scheme for gold loans. The table below is illustrative and only applies if the bank offers an EMI scheme on gold loans. Muthoot offers the lowest EMI per lakh loan amount at the lowest gold loan interest rate of 11.99%. Muthoot’s gold loan EMI is determined by:
Interest Rate: The greater the interest rate, the greater the EMI. The EMI for a 36-month gold loan from Muthoot at an annual interest rate of 11.99% percent will be per 1 lakh loan amount. For the identical loan, the EMI will be Rs. 2,973 at an interest rate of 7% percent.
Loan Period: The longer the loan term, the lower the monthly EMI. With an annual interest rate of 11.99%, the EMI for a loan with a period of 7 to 36 months would be from Rs. 8,917 to Rs. 2,973. (for 1 Lakh amount)
Muthoot Finance Gold Loan at Home
Gold Loan at Home is a cash-on-the-spot or doorstep loan service that allows you to borrow money from the convenience of your own home. The service is fast, flexible, and cost-effective and interest rates are also low. You can use the gold loan calculator to determine the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.
Within 30 minutes, one of our employees will call you and arrive at your home. When all e-documentation and gold identification are completed at your residence, the appropriate gold loan amount will be sent directly to your bank account.
The benefits of getting a gold loan at your doorsteps are:
- Access To Your Loan Account 24 X 7
- Diverse Range of Gold Loan Schemes
- You can get free insurance for your Gold
- There are no hidden fees.
- You will get the maximum value of your Gold
- You can avail your Gold Loan in just 1 visit
Muthoot Finance Gold Loan Calculator
Dialabank’s Muthoot Finance Gold Loan Calculator gives you an estimate of the amount of gold loan you can avail basis the following factors.
How to Get The Highest Gold Loan Per Gram from Muthoot Finance?
- Muthoot accepts both hallmarked, and un hallmarked jewellery as collateral for a gold loan. However, you can get the highest gold loan per gram for hallmark jewellery because it reduces the chances of the valuer undervaluing it. Furthermore, some banks charge lower processing fees when purchasing hallmarked gold jewellery.
- Muthoot adjusts the price of 22-carat gold to account for purity. As a result, always try to borrow against higher purity jewellery because it will get you the most money for a gold loan. Muthoot will calculate the net weight of your jewellery to determine the amount of gold loan you can obtain.
- Always try to select jewellery with a minimum of gems and stones. Most banks will subtract the weight of rocks and stones from the total weight of the jewellery. Muthoot will rely on its gold valuer’s report to determine the net weight. The greater the weight of gems and stones in jewellery, the lower the net weight and value of jewellery, resulting in a lower amount of jewel loan you are eligible to receive. Muthoot will not accept diamond jewellery if the gold used is less than 18-carat purity. The majority of diamond jewellery is made of 16 carats to 18-carat gold, resulting in a meagre gold loan per gram.
- Always strive for the highest LTV on the value of gold. The RBI allows Muthoot to charge a maximum LTV of up to 75% when calculating the amount of gold loan you are eligible for.
Muthoot Finance Gold Loan Details
Muthoot finance company is one of the oldest NBFCs in India as it was established as a gold loan business in 1939. Muthoot finance is famous to provide suitable and custom-tailored loan services to their customer which has allowed them to become a leading NBFC gold loan provider. The reasons behind the public’s preference for Muthoot Finance gold loans are:
- Prepayment Fees: There are no prepayment fees if you pay off your jewellery loan early.
- Flexible Maturity Period: Repay your Muthoot Gold Loan over a period spanning from 7 days to 36 months.
- Multiple Lending Options: A variety of gold loan programmes are available to meet the financial needs of various consumers.
- Documentation Requirements: Only the most simple KYC records, such as proof of address and salary, are needed.
- Simple Payment Plan: Payments can be made every day, every week, or every month.
- Safe and Secure: At the branch, the gold is stored in lockers inside strong rooms.
| Maximum Loan Amount | Up to Rs. 1 Crore |
| Minimum Loan Amount | 75% LTV on Your Gold Market Price |
| Gold Requirement | Minimum 18 Carat |
| Gold Loan Processing Fee | 1% of the Principal Loan Amount |
| Prepayment Charges | Nil |
| Repayment Tenure | 36 Months |
| Gold Loan Schemes | Bullet Payment Scheme, EMI Scheme |
Muthoot Finance Gold Loan Fees and Charges
| Service charges on loan amount | 0.25% to 1% |
| Service charges on loan account | Rs.50 to Rs.1,500 per account (based on the type of scheme) |
| Token charges | Rs.10 for loan amount of up to Rs.10,000; Rs.20 for loan amount exceeding Rs.10,000 |
| Security charges | 0.15% of the loan amount, subject to a maximum of Rs.600 and minimum of Rs.50 |
| SMS charges | South Indian branches – Rs.2 per transaction Rest of India – Rs.5 per transaction |
| Charges for lost token | Rs.25 |
| Notice charges | 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 |
| Stamp duty | As per the applicable rates of the respective states |
Other Fees and Charges:
|
Type Of Charges |
Corporate |
Rate Of Charges Applicable |
|
Service charges – Rate applicable on loan amount (IPL/MHL/MHP) – Fresh loan |
Branches in South |
MHP(0.5%), IPL (1%) (For 12 months period only) |
|
Rest of India |
MHL up to Rs. 10L(1%), above Rs. 25L(0.25%), MHP(0.5%) and Rs. 10L to 25L(0.5%) |
|
|
Service charges – – Rate applicable per account (ZIL/MOS) – – Fresh loan |
All |
ZIL – Rs. 50/loan MOS – Rs. 1,500/account Renewals within 12 months, Charges Rs. 750/account |
|
Security charges – Fresh loan |
Entire India |
0.15% of loan amount – Minimum Rs.50 and Maximum Rs.600 |
|
Token charges – Fresh loan (For schemes except given in Sl no.1 & 2) |
Branches in South |
Loans up to Rs.10,000 – Rs.10 Loans above Rs. 10,000 – Rs. 20 Charges will not be applicable for Digital Transfer |
|
SMS charges |
Branches in South |
Rs. 2/ transaction at the time of renewal or closure. |
|
Rest of India |
Rs. 5/ transaction at the time of closure or renewal |
|
|
Notice Charges (Applicable for loans under all schemes) |
Branches in South |
3 ordinary notices Rs.10 each and 4th notice Registered Rs.70 |
|
Rest of India |
3 ordinary notice Rs. 30 each and 4th notice Registered Rs. 100, and Auction Notice charges Rs. 120 |
|
|
Token lost charges (Applicable for loans under all schemes) |
All |
Rs. 25 (in addition to cost of stamp paper applicable) |
|
Stamp duty levied by State Governments |
States – Rajasthan, Karnataka and Andhra Pradesh |
Actuals wherever applicable |
|
GCL |
Branches in South |
Rs. 999/ 6 months in case the limit is not used over a period of 6 months. If Part release, charges of Rs. 499 per transaction If the transaction is through branches then the charges will be Rs. 99 per transaction |
List of Muthoot Finance Gold Loan Branches in India
| City | Gold Loan Branch Address |
| Muthoot Finance Bangalore | IBM India Pvt Ltd D3 Block, Vittal Mallya Rd, KG Halli, D Souza Layout, Ashok Nagar, Bengaluru, Karnataka 560001, India |
| Aurobindo Marg, 4th Block, Jayanagar, Bengaluru, Karnataka 560011 | |
| No. 647/1, 1st Main, Indira Nagar 1st Stage, 100 Feet Road, Indiranagar Double Rd, Eshwara Layout, Indiranagar, Bengaluru, Karnataka | |
| Zonal Office Number 84/3, UCF Center, Ground Floor, Linganrajapuram, Bengaluru, Karnataka 560084 | |
| Muthoot Finance Bhopal | 80 Feet Rd, Ashoka Garden, Ashok Vihar, Bhopal, Madhya Pradesh 462023 |
| No.1, Ground Floor, Opposite Krishna Plaza, Indore Road, Main Road, Near Sindu Cinema, Hirdaram Nagar, Hemu Kalani, Bairagarh, Bhopal, Madhya Pradesh 462030 | |
| Ground Floor, 131/3, Obedulla Ganj Rd, Near Pragati Petrol Pump, Zone-II, Maharana Pratap Nagar, Bhopal, Madhya Pradesh 462021 | |
| Muthoot Finance Chandigarh | SCO 2902, Dakshin Marg, 22C, Sector 22, Chandigarh, 160022 |
| Ground Floor, SCO No.2429, Sector 22C, Chandigarh, 160022 | |
| First Floor, SCO No. 248, 215, Near Private Bank, Sector 20, Panchkula, Haryana 134117 | |
| Muthoot Finance Cochin | Vadachira Building, 1st Floor, Door No.X/28E, Opposite Collectorate South Gate, Civil Station Road, Cochin, Kakanad, Ernakulam, Kerala 682030 |
| 1st Floor, NJK Tripathi Building, Sahodaran Ayyappan Road, Valanjambalam, Pallimukku, Kochi, Kerala 682016 | |
| Muthoot Finance Daman | ANURADHA COMPLEX, MASHAL CHOWK, DAMAN, DAMAN, AND DIU, 396210 |
| Muthoot Finance Delhi | Shop No,11/245,HDFC ATM, Block 13, Geeta Colony, New Delhi, Delhi 110031 |
| Muthoot Finance Faridabad | Shop No. 2DK/7, Shivala Mandir Road, Deep Chand Bhartia Marg, New Industrial Town, Faridabad, Haryana 121001 |
| 1st Floor, SCF57, Sector 15, Faridabad, Haryana 121007 | |
| Muthoot Finance Ghaziabad | Shop No. 14, 2nd Floor, Nipun Plaza, Sector 4, Vaishali, Ghaziabad, Uttar Pradesh 201010 |
| Dr. Sushila Nayyar Marg, Vaibhav Khand, Indirapuram, Ghaziabad, Uttar Pradesh 201014 | |
| Muthoot Finance Goa | INAM COMPLEX ABOVE APOLLO PHARMACY,1ST FLOOR NORTH GOA, GOA, 403001 |
| HOUSE NO.907, OPP. CENTRAL HOSPITALNORTH GOA, GOA, 403406 | |
| TRINITY PARQUE SHOP NO 12SOUTH GOA, GOA, 403708 | |
| Muthoot Finance Gwalior | Near JDA Complex, Alakananda Tower, City Center, Gwalior, Madhya Pradesh 474011 |
| Jayendraganj, Naya Bazar, Gwalior, Madhya Pradesh 474009 | |
| Muthoot Finance Hyderabad | 16-2-677/2, Tirumala Tower, Judges Colony, Malakpet, Hyderabad, Telangana 500036 |
| Hitech City, Arunodhaya Colony, Madhapur, Hyderabad, Telangana 500081 | |
| Jaihind Enclave, Madhapur, Hyderabad, Telangana 500081 | |
| Dargah Yousufain Rd, Ghosha Mahal North, Nampally, Hyderabad, Telangana 500001 | |
| Muthoot Finance Indore | Ahinsa Tower, Mahatma Gandhi Rd, Race Course Rd, Old Palasia, Indore, Madhya Pradesh 452001 |
| Premises No F-2, 1st Floor, Ahinsa Tower, 7, M G Road, M G Road, Indore, Madhya Pradesh 452001 | |
| Ground Floor, Khatiwala Tank Main Road, Tower Chouraha Road, Tower Chouraha, Khatiwala Tank, Navlakha, Indore, Madhya Pradesh 452001 | |
| Muthoot Finance Jaipur | Office No. 203, Jamuna Tower, Plot No. 13, Govind Marg, Opp. Raja Park, Adarsh Nagar, Jaipur, Rajasthan 302001 |
| Khatipura Rd, Parivahan Nagar, Khatipura, Jaipur, Rajasthan 302012 | |
| 361, Himmat Nagar, Tonk Road, Mahaveer Nagar-1, Bajaj Nagar, Jaipur, Rajasthan 302018 | |
| Muthoot Finance Jalandhar | First Floor, Sethi Complex, Hoshiarpur Road, Opposite PNB, Rama Mandi, Jalandhar, Punjab 144023 |
| 2nd Floor, Chopra Building, Near BMC Chowk, Adjoint Vishal Mega Mart, New Jawahar Nagar, Jawahar Nagar, Jalandhar, Punjab 144001 | |
| Muthoot Finance Karimnagar | Christian Colony, Karimnagar, Telangana 505001 |
| 1 65 505215, 10-1-65, Vemulawada Rd, Karimnagar, Telangana 505215 | |
| Muthoot Finance Kochi | First Floor, Manama Tower, Aroor – Thoppumpady Rd, Opposite BOT Bridge, Pyari Junction, Thoppumpady, Kochi, Kerala 682005 |
| Muthoot Finance Kolkata | No 150, Unit No.2, 1st Floor, Lenin Sarani Road, Near Wellington Crossing, Kolkata, West Bengal 700013 |
| 21, 2nd Floor, Grosvenor House, Camac Street, Shakespeare Sarani, Near Pantaloons, Park Street area, Kolkata, West Bengal 700017 | |
| Bidhan Sarani Road, University Of Calcutta, Sinthi, Kolkata, West Bengal 700050 | |
| Jatindra Mohan Ave Rd, Maniktala, Girish Park, Darjipara, Beniatola, Kolkata, West Bengal 700006 | |
| Muthoot Finance Lucknow | Urban Estate Phase II, Urban Estate, Patiala, Punjab 147002 |
| FF-9, Aarohi Plaza, Patrakar Puram Road, Vikas Khand, Gomti Nagar, Lucknow, Uttar Pradesh 226010 | |
| Hari Om Complex, Faizabad Rd, Bhoothnath Market, Indira Nagar, Lucknow, Uttar Pradesh 226016 | |
| Muthoot Finance Ludhiana | 154, 1st floor, Above IDBI Bank, Ludhiana, Punjab 141010 |
| Upper Ground Floor, Premises No. B36-290/1, Pakhowal Rd, Canal Bridge, Vikas Nagar, Shaheed Bhagat Singh Nagar, Ludhiana, Punjab 141001 | |
| Muthoot Finance Mumbai | SHOP NO.1,2,3, SHIV SHANKAR CHS, BERISTERNATH PAI MARG, NEAR MANKESHWAR MANDIR, MAZGAONMUMBAI CITY, MAHARASHTRA, 400010 |
| 1ST FLR., OM ASHIRWAD CHS, N.C.KELKAR RD., DADAR (W)MUMBAI CITY, MAHARASHTRA, 400028 | |
| 1ST FLOOR VAIBHAV SOCIETY, BLDG NO.24 SHASTRI NAGAR LINK ROADMUMBAI CITY, MAHARASHTRA, 400104 | |
| Muthoot Finance Nashik | 1ST FLOOR, ANAND MALL NEAR BYTCO POINT JAIL ROAD, NASHIK ROADNASHIK, MAHARASHTRA, 422101 |
| Muthoot Finance New Delhi | 11A/11, Old Rajinder Nagar, Rajinder Nagar, New Delhi, Delhi 110060, India |
| E-4, PT Narender Kumar Pandey Marg, Block C 1, Bhim Nagri, Hauz Khas, New Delhi, Delhi 110016, India | |
| B St, DDA Flats, Munirka, New Delhi, Delhi 110067, India | |
| Ground Floor, Property No 2/8-a, Commercial Complex, Opposite New Friends Colony, Maulana Mohammad Ali Jauhar Marg, Sarai Jullena, New Friends Colony, New Delhi, Delhi 110065 | |
| Muthoot Finance Noida | Amaltash Marg, Raghunathpur, Sector 22, Noida, Uttar Pradesh 201301 |
| 107-A, First Floor, P-6, Ocean Complex, Opposite The Great Indian Place Mall, Above Vipul Motors, P Block, Sector 18, Noida, Uttar Pradesh 201301 | |
| Muthoot Finance Panchkula | First Floor, SCO No. 248, 215, Near Private Bank, Sector 20, Panchkula, Haryana 134117 |
| Muthoot Finance Patiala | 55, 1st floor Choti Baradari, Mall Rd, Baradari, Patiala, Punjab 147001 |
| Muthoot Finance Raipur | RAIPUR – FAFADIHPLOT NO. 60, OPP. STATE BANK OF INDIA, RAIPUR, CHHATTISGARH, 492009 |
| Muthoot Finance Secundrabad | Plot No.163, Opposite Kharkhana Police Station, KrKhana Main Road, Vasavi Nagar, Karkhana, Secunderabad, Telangana 500015 |
| Building No-7-1-624, First Floor, Mahatma Gandhi Road, Market Street, Secunderabad, Hyderabad, Telangana 500003 | |
| Muthoot Finance Surat | SHOP NO.24-26, 1ST FLOOR, SHEETAL COMPLEX, NR. SAGAR DAIRY, BHATAR ROAD SURAT, GUJARAT, 395001 |
| UPPER GROUND FLOOR, SHOP NO-2 & 3, VISHWAKARMA ARCADESURAT, GUJARAT, 395009 | |
| Muthoot Finance Thane | AN EAST SHOP NO. 5 & 6 MARTIN COMMERCIAL COMPLEX NEW LINK ROAD THANE, MAHARASHTRA, 401209 |
| Muthoot Finance Trichy | NO 4, ARN Complex, Kamarajar Rd, Mela Kalkandar Kottai, Tiruchirappalli, Tamil Nadu 620011 |
| 90, 4th Floor, MDSR Enclave, Bharathidasan Salai, Tiruchirappalli, Tamil Nadu 620001 | |
| No. 5, Pugallia Pillai Street, Rock Fort Towers, NSB Road, Chinnkadi Street, Tiruchirappalli, Tamil Nadu 620002 | |
| Muthoot Finance Trivandrum | Muthoot Building, Near Josco Jewelry, Pattom, Thiruvananthapuram, Kerala 695004 |
| Mangala Saudam Building, Sasthamangalam Rd, Vellayambalam, Thiruvananthapuram, Kerala 695010 | |
| 1st Floor, Ambady Arcade, Kanjirampara, Thiruvananthapuram, Kerala 695030 | |
| Muthoot Finance Vadodara | 24-28, 1ST FLOOR, SHIVALAY-2, NR. RANESHWAR TEMPLE, OPP: ICFAI COLLEGE, VASNA ROAD, VADODARA, GUJARAT, 390015 |
| 101-102, 111-112, 1ST FLOOR, NAKSHATRA ABOVE STATE BANK OF INDICA, HARNI ROADVADODARA, GUJARAT, 600000 |
Muthoot Finance Gold Loan Eligibility
| Age | 18-70 years of age |
| Nationality | Indian |
| Employment Status | Salaried, Self-Employed |
| Gold Quality | Minimum 18 Carats (10 grams) |
Documents Required for Muthoot Finance Gold Loan
Gold Loan is a loan right proposed to the Muthoot Finance borrowers wherein stocks are presented for performing the candidate’s financial requirements. The gold embellishments of the candidate are kept as collateral by the bank in the transaction for the supplies. The whole Muthoot Gold Loan method is hassle-free and straightforward to get with minimum documentation. The bank guarantees the special protection of your gold adornments until the loan is terminated.
Documents Required For Applying For Muthoot Gold Loan Are :
| Photographs |
2 Passport Size
|
|
Identity Proof
|
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
|
|
Residence Proof
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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 Gold Loan Interest Rate is 11.99%
In general Loan Gold, credit is available at a low-interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the gold loan interest rates are less than that of a personal loan or any other kind of loan. Though the gold loan rate keeps on changing from time to time as well as person to person.
Muthoot Finance Gold Loan Interest Rate, Processing Fee and Charges
| Muthoot Finance Gold Loan Interest Rate |
|
| Muthoot Finance Gold Loan Interest Rate | 11.99% |
| Muthoot Finance Gold Loan Processing Fee | 1% of the loan amount or ₹1000 whichever is higher |
| Prepayment/Foreclosure Charges | Nil |
You can call on 9878981144 to avail of the Best Deals and Offers on Muthoot Finance Gold Loan.
Muthoot Finance Gold Loan Apply
Online
You can apply for Muthoot Gold Loan Online. The process of application is straightforward, as well as simple.
- Visit Dialabank
- The applicant has to fill a form Online that involves necessary information.
- You will get a call back from our Relationship Manager to clear all doubts as well as to assist you in the entire process of the Gold Loan.
- The applicant can check his /her eligibility for further clarification of the approval of a gold loan.
- Submit all the documents need as proof in the bank.
- Gold loan is approved in some minutes and disbursed within a day.
- Call us directly for any queries on 9878981144.
Offline
If you’re intending to avail of a Gold Loan from Muthoot Finance Ltd., you will have to visit any of the Muthoot Finance branches and inform the customer care executive or the Representative of the same. Their Executive will then guide you with necessary formalities along with the KYC form which you need to fill and help you through the rest of the process.
Applying through Dialabank Website?
In this technological age, the internet has all the solutions. Interested customers can avail of gold loan schemes offered by top Indian Banks and NBFCS by comparing all of them in finding the most suitable loan with the help of Dialabank. Dialabank offers all customers a number of advantages that can not be found anywhere else.
- trustworthy and friendly representatives.
- Quick and convenient scheduling of bank loan appointments.
- Ensuring speedy dispersal of funds to the consumer.
- Always available to help via telephone call option available.
How To Pay Your Muthoot Finance Gold Loan EMI?
Your Muthoot Finance gold advance can be reimbursed in the following three different ways.
- Standing Instruction (SI): If you have a current account with Muthoot Finance, Standing Instruction is the most loyal payment method. Your EMI sum will be credited automatically toward the end of the month to month period from the Muthoot Finance account you register.
- Electronic Clearing Service (ECS): This technique can be employed if you have a non-Muthoot Finance account and desire your EMIs to be debited consequently toward the end of the month to month cycle from this account.
- Post-Dated Checks (PDC): You can present post-dated EMI remittances from a non-Muthoot Finance account at your nearest Muthoot Finance Gold Loan Center. A new adaptation of PDCs should be performed immediately. It will be excellent if you note Post Dated Checks will be assembled in non-ECS areas as it were.
Muthoot Finance Gold Loan Contact Number
Emergency does not knock on doors. Thus, You never know when you need the money that is beyond your savings. So instead of asking for money from relatives and your friends, people prefer to go for loans. And, one of the best options amongst these services is Gold Loan. The reason behind this is that Gold Loan Interest Rates are quite low in contrast to other services. Besides that, the company does not charge anything from the customer as security charges for the security of the gold ornaments.
You just need to give a call on 9878981144 to avail Muthoot Finance Gold Loan.
What types of gold can be used to secure a gold loan?
Gold loans are provided to applicants with a certain value of gold. Physical forms of gold are common and known to all individuals but Digital gold is an enigma to most people in India.
To Explain, Digital gold is purchased electronically and deposited by the trader in insured vaults on behalf of the buyer. It also aids us in overcoming all of the problems associated with actual gold transactions. All you need is Internet/mobile banking to invest in gold digitally at any time and from any place.
- Jewellery made of gold (generally between 18 karats and 24 karats)
- Coins or strips of gold
- Gold in the digital realm (must be exchanged for cash or jewellery first, against which a loan can be secured)
Uses Of Muthoot Finance Gold Loan
- You can use this amount of loan to fulfil any of your personal needs.
- The loan amount can be used for wedding purposes.
- You can use the Muthoot Finance Gold Loan for education purposes.
- You can use this money for your business.
- You can buy a car using this amount of loan.
- Muthoot Gold Loan allows you to use the loan amount for medical purposes as well.
Muthoot Finance Agricultural Jewel Loan Scheme
| Scheme | Muthoot Finance Agricultural Jewel Loan Scheme |
| Interest Rate | Starting from 11.99% (depends on the sum of the loan |
| Least amount of Loan | Depends on the value of the jewel which is being kept as security |
| Loan period | Adjustment of advance sum inside 2 months from the date of reap of yields |
Benefits Of Muthoot Finance Agricultural Jewel Loan Scheme
- Muthoot Finance does not charge a processing fee of up to ₹ 25,000
- 0.30% of the loan amount, Minimum of ₹ 300 is charged to the amount ranging from above ₹ 25,000 – less than ₹ 5 lakh
- 0.28% of the credit sum, subject to at least Rs.1,500 applies to the amount more than Rs.5 lakh however under Rs.1 crore
Muthoot Finance Gold Loan Overdraft Scheme
Muthoot Finance offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Muthoot Finance Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
Muthoot Finance Gold Loan Highlights
| Age | 18 – 75 years |
| Minimum Loan Amount | Rs. 10,000 |
| Maximum Loan Amount | Up to Rs. 1 Crore |
| Muthoot Finance Gold Loan Interest Rate | 11.99% |
| Loan Tenure | Up to 36 months. |
| Gold Items accepted | Jewelry and gold coins sold by banks |
| Private Bank Gold Loan Processing Charges | 0.85% of the loan amount |
How Does Muthoot Finance Gold Loan work, Here’s An Example
The suitability of the gold loan is determined based on the purity of gold, LTV, and its weight. Suppose Mr A and his two friends Mr B and Mr C have different gold values for different purity. Mr A has 50 grams of gold per 22-carat purity. Mr B has 60 grams of gold in 20 carats of purity and Mr C has 70 grams of gold in purity or 22 carats. They approached Muthoot Finance to get a gold loan. The price used to calculate the suitability of their gold loan according to the high 75% LTV will vary with the purity of the gold and therefore, will lead to the validity of the gold loan.
FAQs About Muthoot Finance Gold Loan
✅ What is Muthoot Gold Loan?
Muthoot Finance is the largest gold loan financing company in the world. Muthoot Finance Gold Loan is a lending scheme that lets you borrow money in exchange for your gold ornaments. It is a loan that is secured by and sanctioned against your pledged Gold.
✅ How can I get a Gold Loan from Muthoot?
You can get a Gold Loan from Muthoot Finance by visiting the nearest branch with your Gold and get same-day disbursement. You can also apply online at Dialabank to avail yourself of the best deals and offers and get personalized assistance for Muthoot Fincorp Gold Loan Rate Per Gram today.
✅ How much is a Gold Loan per gram in Muthoot Finance?
As per the latest gold prices, Muthoot Finance Gold Loan Rate Per Gram is ₹ 3,800 to ₹ 4,350. You can avail of LTV of Up to 75% of your gold. Muthoot Finance Gold Loan Per Gram Rate depends upon the purity of the gold.
✅ How does Muthoot Gold Loan work?
Muthoot Gold Loan is a simple process in which you simply have to visit the nearest branch or apply online with your Gold details and basic documents. On your gold’s valuation, the company will instantly disburse the loan amount to your account.
✅ What is Muthoot Gold Loan Interest Rate?
Muthoot Finance provides Lowest Gold Loan Interest Rate at 11.99% and depending upon the scheme availed, the purity of your Gold, loan amount disbursed, and tenure.
✅ How to check Gold Loan status in Muthoot?
You can check your gold loan status in Muthoot Finance status by logging on to their online portal or just calling them on their customer helpline number.
✅ How to calculate Gold Loan Interest in Muthoot Finance?
To calculate gold loan interest in Muthoot Finance just subtract your borrowed loan amount from your total payable loan amount.
✅ What is the maximum loan amount I can avail of on Gold Loan from Muthoot?
The maximum loan amount you can avail of is up to Rs. 1 crore from Muthoot Finance.
✅ What is the loan tenure of the Muthoot Gold Loan?
The loan tenure of the Muthoot Finance gold loan is a maximum of 36 months depending on the requirements.
✅ How much Processing Fee applies to Muthoot Gold Loan?
A Processing Fee of about 1% of the Principal Loan Amount applies to the Muthoot gold loan.
✅ What are the charges for renewal in Muthoot Gold Loan?
The charge for renewal in the Muthoot Gold loan is minimal for renewal of the already existing Gold Loan for the next tenure.
✅ What are the charges for Prepayment in Muthoot Gold Loan?
The charge for prepayment in Muthoot Finance is NIL.
✅ How to renew Muthoot Gold Loan Online?
Renew your Muthoot Finance Gold Loan by merely visiting the nearest branch. The Gold submitted will be revalued, and new loan terms will be decided based on the same. You will then provide a renewal form, and once everything is processed, a small renewal fee will be charged for your loan to be renewed for a new tenure.
✅ How to Pay Muthoot Gold Loan Interest Online?
You can pay your Muthoot Finance Gold Loan online through net banking and debit cards on their online portal. You can also use your Paytm account to make these payments.
✅ What if I can’t pay the interest on Muthoot Gold Loan for 3 months?
If you cannot pay the interest on the Muthoot gold loan for 3 months the Company will be prompt to send you reminders of your pending dues. If the payment requests go unheard, a legal notice will be sent demanding the repayment. Defaulting will brand your loan with an NPA tag and gives the company the right to recover the amount through the sale of your pledged asset, that is, your gold ornaments. You can also face strict action under the law.
✅ How can I apply for EMI Moratorium on Muthoot Gold Loan?
You can apply for EMI Moratorium on Muthoot Gold Loan by visiting the nearest branch of Muthoot Finance and applying for the same.
✅ How to pay for Muthoot Gold Loan through Credit Card?
Paying a Muthoot gold loan through a credit card is simple. Just click on a credit card as your preferred mode of payment
✅ What is the Overdraft Scheme for Muthoot Finance Gold Loan?
Muthoot Finance does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In the Muthoot Finance Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
✅ What is the Muthoot Finance Gold Loan closure procedure?
Once the loan is paid, the bank will close your gold loan immediately.
✅ What is the Muthoot Finance customer care number?
9878981144 is the customer care number of Muthoot Finance Gold Loan.
✅ What are Muthoot Finance Gold Loan Preclosure charges?
There are no preclosure charges for Muthoot Finance Gold Loan.
✅ What is the maximum tenure for Muthoot Finance Gold Loan?
The maximum gold loan tenure for Muthoot Finance is 36 months
✅ What is the minimum tenure for Muthoot Finance Gold Loan?
The minimum gold loan tenure for Muthoot Finance is 12 months
✅ Do I need to provide any security or a Guarantor?
Nothing other than the Gold pledge with Muthoot Finance. No guarantor.
✅ How do I Repay my Loan? What options are available for the Repayment?
The loans can be repaid conveniently. You can submit the cash or cheque at any Muthoot bank branches.
News About Muthoot Finance Gold Loan
Demand for gold loan surging: Muthoot Finance
NBFC Muthoot Finance said the demand for gold loans is consistently rising. Managing director George Alexander Muthoot told FE the company is adding new customers to its gold loan business daily with small businesses and traders preferring it for a quick loan.
Gold loan company Muthoot Finance to raise to Rs 2,000 cr via debentures
Gold loan company Muthoot FinanceLtd plans to raise to Rs 2,000 crore through the public offering of Secured Redeemable Non-Convertible Debentures (NCDs) to deploy funds in the lending business.
Will exceed guidance of 15% growth in FY21: Muthoot Finance
Regarding the new policy on on-tap targeted long-term repo operations (TLTRO), Muthoot said the cost of borrowing could come down for the NBFCs and benefits could be passed down to customers in the form of lower interest rates. NBFC Muthoot Finance is confident of exceeding its guidance of 15% growth for the current fiscal year with demand for gold loans appearing to be robust.
