Muthoot Finance Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Muthoot Finance Gold Loan Key Features

Muthoot Finance Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Muthoot Finance Gold Loan Interest Rate 7.0% per annum
Muthoot Finance Gold Loan Per Gram Rate Per Gram Today is ₹ 5,268
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 Gold Loan

  • Fast Process: Muthoot Finance Gold Loan gets recommended and payout easily. The loan is within an hour.
  • Minimal Documents: For Muthoot Finance Gold Loan document method is straightforward and only essential documents are needed.
  • Transparent System: Flawless clarity is provided to the customer, there are no hidden charges.
  • Amount of Loan: The least amount of loan granted to the customer is Rs. 15000. In rural areas, the least amount can also be less than Rs 10000.
  • Safety of Jewellery: Muthoot Finance is answerable for the security of your gold. Thus, the gold is provided fireproof protection.
  • Loan Tenure: The loan is granted for the term from 3 months to 2 years.
  • Benefits for Farmers: Muthoot Finance prevails some specific offers for agricultural purposes. Low Gold Loan interest rate for agricultural uses are provided.
  • No Debt Burden: If in any condition the applicant is not able to repay the loan amount the applicant will not be under debts. Only the ornaments will be confiscated.
  • No Income bounds: there are no limitations on the salary of the applicant. Hence, aspirants with any income level can avail a gold loan.

How much Gold Loan can I Get through Muthoot Finance Gold Loan

Muthoot Finance 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

Call on 9878981144 to avail the Best Deals and Offers on Muthoot Finance Gold Loan Per Gram.

Muthoot Finance Gold Loan Eligibility 

The applicants for Gold Loan are eligible only if they fulfil the following criteria:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Muthoot Finance Gold Loan Documents Required

In Muthoot Finance Gold Loan minimal documentation are required to easily access to the gold loan. Following are the list of 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 Gold Loan Interest Rate, Fees and Charges

Gold as security is accessible at a low-interest rate because it’s under the section of secured loans. Therefore, the Gold Loan interest charges are inferior to that of the personal loan or any other type of loans. The Gold Loan rate keeps on varying time to time as well as person to person.

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 Gold Loan

Uncertainties are a part of life. Thus, to tackle with all the financial difficulties in your life we all need money. Where Gold Loan plays an essential role to fight with the financial crisis. Gold Loan is a secured loan. People with low CIBIL score can also have effortless access to this service.  Muthoot Finance Gold Loan is one of the most suitable Gold Loans in India.

Despite, there is a number of financial banking and non-banking companies that avail the gold loan, but Muthoot Finance Gold Loan is regarded the most reliable. Muthoot Finance is well-known for its excellent financial services, as it is one of the most reputed and dependable banks in India.

  • Muthoot Finance Gold Loan Interest Rate is 7.00% per annum
  • Muthoot Finance Gold Loan Per Gram is ₹ 5,268
  • Muthoot Finance Gold Loan Tenure: Up to 24 months
  • Muthoot Finance Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Muthoot Finance Gold Loan

Muthoot Finance provides various schemes attached to the Gold Loan product. Schemes are as follows:

  • Loan Against Gold- Muthoot Finance provides Gold Loan at an attractive rate of interests which can actually fulfil anyone’s direct need of funds for any personal or professional reasons. Gold Loan is absolutely a secured form of loan where the bank has no risk in the lending amount of money to the loan seeker at a lower rate of interest as compared to the other forms of Loan products.
  • Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Muthoot Finance Avails Gold Loan at a specific rate of interest as compared to the Gold Loans which are granted for other uses. Especially offers avails and the bank need the Land proofs on which support the loan seekers apply for Loan.

Muthoot Finance 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 Gold Loan EMI?

Muthoot Finance Gold Advance can be repaid in the different following ways:

  • Standing Instruction (SI): If you are an account holder with Muthoot Finance currently, then Standing Instructions is the commonly selected method of disbursement. toward the end of the month period, the EMI amount will be charged from the applicants Muthoot Finance account the applicant shows.
  • Electronic Clearing Service (ECS): This scheme is for the applicants who have a  non-Muthoot Finance record and the EMIs need to be debited consequently at the completion of the monthly cycle from this account.
  • Post-Dated Checks (PDC): The applicant can present post-dated EMI examine from non-Muthoot Finance statement at your nearby Muthoot Finance Loan Center. Immediately, the latest version of PDCs should be acted. For ideal condition, it’s encouraged to note Post Dated Checks which will be collected non-ECS states as it were.

Muthoot Finance Gold Loan Contact Number

Call at 9878981144 to get instant help and approval for your Muthoot Finance Gold Loan. You can know the best offers on Gold Loan available from all the Muthoot Finance Branches everywhere in the country to avail the best deal suitable to your needs.

Gold Ornaments Accepted by Muthoot Finance

  • Gold Jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. are all admitted by Muthoot Finance for seeking Gold Loan
  • Quality: the quality of Gold should be within 18 to 22 Carat. Any 24 Carat gold ornaments cannot be utilised to avail a gold loan.

Use of Muthoot Finance Gold Loan

The fund that is obtained by Muthoot Finance Gold Loan services can be used for several purposes:

  • Fund for any appropriate investments such as hiking, matrimony, instalment of higher tuition payments, etc.
  • Loan services are available for marketing essentials like buying fresh supply, generating marketing, etc.
  • Further Gold Loan can also be availed for horizontal ideas. the bank grants a lower rate of interest for Gold Loans that are available for farming or farming-related projects.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%

FAQs About Muthoot Finance Gold Loan

  • What is the Muthoot Finance Gold Loan?

Muthoot Finance Gold Loan is a loan scheme where you can obtain for any emergency financial help by keeping your gold as a guarantee with the bank. It comes with appealing interest rates on Term Loan, Overdraft and EMI based loan. Average Gold Loan disbursal time is just 45 minutes.

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

You can get Muthoot Finance Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with BookMyLoans from wherever you are and get the most suitable deals and offers.

  •  What is Gold Loan Interest Rate in Muthoot Finance?

The Gold Loan interest rate in Muthoot Finance is 7.0% per annum. The rate of interest depends on numerous criteria namely: loan amount, loan tenure, purity of gold etc.

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

The value of per gram Gold Loan completely depends on the pureness and quality of the gold. Muthoot Finance believes gold purity to be within between 18 to 22 carats to provide a Gold Loan. You can avail up to Rs. 5,268 per gram in Muthoot Finance Gold Loan.

  • How to check Gold Loan status in Muthoot Finance?

To check the rank of Muthoot Finance Gold Loan you can visit Muthoot Finance Loan Tracker. Fill up your particulars in the given form. This can efficiently help you to track the status of your loan from anyplace at any time and keeps you updated.

  • How to calculate Gold Loan Interest in Muthoot Finance?

Muthoot Finance Gold Loan interest can be measured using BookMyLoan’s EMI Calculator. It gives you the exact details based on the information the candidate enters in the calculator

  • How to Pay Muthoot Finance Gold Loan Interest Online?

Muthoot Finance Gold Loan interest can be repaid through net banking on the official Muthoot Finance loan repayment web page or alternatively. Another mode Paytm can also be accepted to repay Muthoot Finance Gold Loan or your preferred payment method.

  • What if I can’t pay the interest on Muthoot Finance Gold Loan for 3 months?

If the interest is not paid back for 3 months, then firstly a reminder is given for your pending dues. After this, if the payment requests go ostracised or unheard then an official legal notice is sent, that demands the payment and closure of the loan. Such defaults on your Gold Loan ends up in a lessening of your credit score and also make you accountable to face legal actions by the bank which may include confiscation and auction of your gold.

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

You can apply for EMI Moratorium on Muthoot Finance Gold Loan within 1st March and 31st August 2020. You can get it done by reaching the Bank Customer Care or visiting the nearby Muthoot Finance branch.