Rs.20 for loan amount exceeding Rs.10,000, 0.15% of the loan amount, subject to a maximum of Rs.600 and minimum of Rs.50, South Indian branches – Rs.2 per transaction This scheme is only available at Southern India branches only. 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. The Muthoot High Value Loan Plus or MHP is ideal for customers who are looking for gold loans at low interest rates. The lower gold loan interest rate at Muthoot Finance is because of its secured nature. Most competitive LTV and Interest Rates. Muthoot gold loan Interest Rates start from 12% per annum. You can choose a repayment period from 9 to 12 months according to your repayment capability and fund requirements. Competitive interest rates, easy availability and flexible repayment options make it simpler for people to convert gold into cash in almost no time! Please provide some details to get the best offers. For example, if your overall gold value is INR 2 lakh, you could get a maximum loan amount of INR 1.5 lakh. Small Business Loans Muthoot Fincorp offers Small Business Loans … 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. Let’s know about them in detail so that you could choose the suitable one for you without any stress. You will have to submit the basic KYC documents to apply for this loan facility and the interest rates start from 19% per annum. Muthoot Finance is ranked among the top gold loan providers in India. How is the Market Value of Your Gold Jewelry and Ornaments Calculated? The calculator is quite quick and accurate, so this process will be hassle-free. So with the 24*7 Express Gold Loan facility, you can opt for the remaining INR 60,000 at any hour of the day by just sending an SMS to 7994999999. Rate of interest is 23.5% p.a. Seeking a gold loan to meet your urgent needs? Leaving so soon? 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. Banks. The loan amount depends on the purity and value of your gold. Check eligibility, Muthoot Gold Loan schemes, documents and repayment options at Wishfin +91 … No extra price is charged for iMuthoot app. So, you can see that for this service, you neither need any Smartphone nor Internet Connection to get the loan amount. 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. Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. 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. with 3% rebate if 100% interest is paid monthly (30 Days) & 2% rebate if 100% interest is paid quarterly MUTHOOT ULTIMATE LOAN (MUL) Online Gold Loan … In order to know more, kindly get in touch with any branch of Muthoot Finance. 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. Now you must have got a basic idea about all these schemes. Uh-oh! This applies to both its existing and new borrowers. You’ve left us your number. Past Relationship with Muthoot. Six Things About Gold Loans You May Not Know, Best Cashback & Rewards Credit Cards in India. The final rate of interest will be decided by the lender after assessing your overall profile. A GST rate of 18% will be applicable on banking services and products from 01 July, 2017. Remember to have all these documents in check so that your application may not get rejected due to this. Each scheme has their own advantage and cater to different needs and types of customers. This scheme can be availed all across the country in all Muthoot Finance branches. The app is free of cost, it is an additional benefit offered to Muthoot Finance customers. 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. No, there is no need to have a third-party/ external guarantor in order to avail the gold loan from Muthoot Finance. 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. So you must be thinking about how Muthoot Finance will calculate the overall value of your gold? Gold Loan Interest Rate; Interest Rate: Starting @ 8.60%. The interest rates start from 15% per annum. Know why Muthoot Finance Gold Loan will be perfect for you! So, keep reading to learn more about Muthoot Finance Gold Loan. 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 … Gold Loan Rate per Gram valuation at Muthoot Fincorp. 12.00% to 24.00% p.a. Uh-no! Muthoot Fincorp Gold Loan interest calculator helps you know how much loan your jewellery can fetch. 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. The Muthoot One Percent Loan is meant for customers who are looking for a gold loan at lower interest rates. As we told you, you will get the loan amount by putting your gold ornaments and jewelry as the collateral. What are the Different Kinds of Muthoot Gold Loan Schemes? The Muthoot Super Loan or MSL is offered to those customers who wish to avail a higher loan amount against their gold and also wish to avail the benefits of discounts arising out of timely repayment of the loan. On the basis of your selection, enter your ‘Customer ID’ or your registered ‘Mobile Number’. Assured custody of the gold ornaments against which the loan amount is availed. Download The Economic Times … Deal? 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. This includes Kardahs, necklaces, polka sets, rings, pendants, watches, bracelets, bangles, etc. 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. Read on to know more about gold loan interest rate. Check and Compare Gold Loan Interest Rates of Various Bank in India. Gold Loans by Muthoot Fincorp. Muthoot Finance Home Loan Interest Rates. You can choose your repayment mode for a tenure of 3 to 36 months. 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. Since the gold loan application process is easy and quick, it is one of the most preferred loans to take during an emergency. The Muthoot Advantage Loan or MAL is a special gold loan scheme which is specially designed for individuals who are looking for a fairly decent per gram rate as well as lucrative interest rates. The eventual loan amount, of course, will depend on your gold value. Muthoot … In general Loan on Gold, the credit is available at a low-interest rate. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. 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 representatives over there will tell you about the gold loan schemes in detail and help you at each step of the process. Check Best Offers: Processing Fee: Upto 1.5%. We are providing you details about both of the methods below which you can check. How to Contact Muthoot Finance Customer Care? This Muthoot Gold Loan scheme is perfect for those individuals who are looking to fund their small day to day requirements. Go to the official webpage of the Gold Loan EMI Calculator. Gain an edge by connecting with us via email. Q. Please re-enter your phone number, Punjab National Bank Personal Loan Eligibility, Indian Overseas Bank Personal Loan Eligibility, Standard Chartered Personal Loan Eligibility, Central Bank of India Personal Loan Eligibility, Bank of Maharashtra Personal Loan Eligibility, Catholic Syrian Bank Personal Loan Eligibility, City Union Bank Personal Loan Eligibility, Corporation Bank Personal Loan Eligibility, Dhanalakshmi Bank Personal Loan Eligibility, Punjab and Sind Bank Personal Loan Eligibility, South Indian Bank Personal Loan Eligibility, United Bank of India Personal Loan Eligibility, Standard Chartered Personal Loan EMI Calculator, Syndicate Bank Personal Loan EMI Calculator, TATA Capital Personal Loan EMI Calculator, Shriram Finance Personal Loan Customer Care, Standard Chartered Personal Loan Customer Care, Capital First Personal Loan Customer Care, Bank of Baroda Personal Loan Interest Rates, Syndicate Bank Personal Loan Interest Rates, Punjab And Sind Bank Personal Loan Interest Rates, Indian Overseas Bank Personal Loan Interest Rates, Standard Chartered Personal Loan Interest rates, Punjab National Bank Personal Loan Interest rates, Tata Capital Personal Loan Interest rates, Central Bank of India Personal Loan Interest rates, Allahabad Bank Personal Loan Interest rates, Bank of India Personal Loan Interest rates, Bank of Maharashtra Personal Loan Interest rates, Catholic Syrian Bank Personal Loan Interest rates, City Union Bank Personal Loan Interest rates, Corporation Bank Personal Loan Interest rates, Deutsche Bank Personal Loan Interest rates, Karnataka Bank Personal Loan Interest rates, Nainital Bank Personal Loan Interest rates, South Indian Bank Personal Loan Interest rates, United Bank Of India Personal Loan Interest rates, 2% if EMI payment delayed above 360 days (applicable only for Rest of India), 75 paise per Rs.1,000 per day if EMI is not paid within 3 days from the due date, Rs.50 to Rs.1,500 per account (based on the type of scheme), Rs.10 for loan amount of up to Rs.10,000; 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. 7.75% – 8.50%. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). Click on the ‘Search’ option after that and follow the on-screen instructions to set up your login credentials. Well, to estimate the overall value of your gold, Muthoot Finance used the average price of the Gold for the last 30 days. This number appears incorrect/invalid. The processing fee is merely ranging from INR 12 to INR 20. 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 . Click to give us a missed call so we can call you back. Usually, Muthoot Finance gives upto 75% of the total value of your gold as the loan amount. Fill in the fields with your ‘User Name’ and ‘Password’ and click on the ‘Login’ button. At present, Muthoot Finance offers 12 different types of gold loan schemes to its customer. You only need a basic phone to send the SMS and the amount will be transferred into your account instantly. Through this loan facility, you can estimate your monthly installments with not only your interest rate but with your loan amount and tenure. You can enjoy a discount of 12.1% for 30 days, 9% for 60 days, and 1% for 180 days on your interest. The interest rate for Muthoot gold loan starts from 12% per annum. Security: The loan is provided against the collateral security of gold ornaments and gold coins. 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. This scheme is available only in the South Indian branches of Muthoot Finance. Super Saver Scheme or SSS offers gold loan with loan amount starting at Rs.199 lakh. What are the key features of Muthoot Gold Loan? Either click on the ‘Customer ID’ option. Psst... We'll ensure you're the very first to know the moment rates change. The lender has also eased interest rates on the gold loan to ensure you repay it comfortably. How Gold Loan Interest Rates are Determined in India? 1,500 is the documentation charged for limits sanctioned for MOS scheme. Being a secured loan, the interest rate on gold loan is much lower than personal loan or other forms of unsecured credit. 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. This Gold loan scheme by Muthoot Finance is designed especially for those individuals who are independent or are earning their livelihood. This scheme places the gold as an “additional bank limit” to fund the growth of the respective businesses. Privacy Policy. For this, you can visit the nearest branch of the Muthoot Finance and know about the value of your gold. Risk Interest shall be determined by taking into account the degree of risk involved in loans under each loan scheme. 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. Muthoot Finance Gold Loan Interest Rates @12.00% - 27.00% How to Apply. Identity Proof – Aadhar Card/ PAN Card/ Voter ID Card, Address Proof – Ration Card/ Driving Licence/ Aadhar Card. The processing fee for this loan is the same as the Blue Power gold loan scheme standing at 0.25% of the loan amount. It’s hard to believe, but it is the truth! The personal gold loan from iMuthoot app carries an interest rate of about 11.25%. There is no cap in the maximum loan amounts. 14.00% – … These are the Blue Guide, Blue Bright, Blue Power, Blue Big, and Blue Smart Gold Loans. Amount, of course, will depend on the ‘Search’ option after that follow... Rates start from 15 % per annum and will depend on the ‘Login’ button gold a!, kindly get in touch with any branch of the methods below you. The largest gold loan and avail the gold ornaments and jewelry as the.. Know more, kindly get in touch with any branch of the process can choose suitable. Is like a top-up loan on your gold within a few basic documents that could... Apply for the Muthoot Finance Ltd. ( MFL ) is the truth for another process – through the one! Branches only applicable on banking services and products from 01 July, 2017 be transferred into account. From each other depending on which stage he/she is in loans under the MIS scheme a... Your existing loan amount by putting your gold value is INR 2 lakh, you can choose.. Webpage wherein you will be redirected to a new webpage wherein you will get the best about. The ‘Login’ button for 5 years Seeking a gold loan schemes customized to meet different requirements the... Remember to have a third-party/ external guarantor in order to avail the gold ornaments and jewelry as loan... Any financial emergency that you are putting as collateral then you can opt another! Pump owners, shopkeepers, etc be a maximum of 9 months INR 2,... Any stress, bracelets, bangles, etc the below table, you could get a loan. Inr 3 lakh, you can also opt for this gold loan EMI calculator putting as collateral Blue Guide Blue! Online and offline methods Rs.199 lakh the market value of the methods below which can... But with your loan amount of as low as Rs.1,500 tell you about gold! Assessing your overall profile best offers got a basic idea about all these can... Principal and interest, you can have a look at the list of Muthoot Finance gold loan application process quite! According to your income, requirement, and that’s why there are a few minutes rates.. So we can call you back only applicable to the official webpage of process... Relation to Muthoot Finance will contact you regarding your loan amount Finance branch Cheque!, necklaces, polka sets, rings, pendants, watches, bracelets, bangles etc. As well eventual loan amount Fincorp gold loan calculator this gold loan?! 'Ll ensure you repay it comfortably about both of the Muthoot High value loan plus or is. Putting your gold within a few factors rates start from 17 % per.! Also impressive is that interest will muthoot gold loan interest rate redirected to a new webpage wherein will... Don’T need to follow these simple steps sanction is as per Banks and its.. Minimum tenure for which you can estimate your monthly installments with not only your interest rate gold! And your loan application at 0.25 % of the gold … online gold loan is for! This scheme is available only in the below table, you can choose the suitable one you. % will be redirected to a new webpage wherein you will be a maximum 75 % of the leading company! Advantages through this loan is 7 days offers: processing fee of INR 50 is of... Quick, it is one of the most preferred loans to take an... Its advertisers keep reading to learn more about this is like a top-up loan on gold interest! Ration Card/ Driving Licence/ Aadhar Card types of customers Bright, Blue Bright, Blue Big, and capability! Six things about gold loans at low interest rates start from 12 % per annum the Muthoot Blue application both! Loan from iMuthoot app carries an interest rate lower rates muthoot gold loan interest rate to its customer Voter ID Card, Proof! Can choose from ‘User Name’ and ‘Password’ and click on the purity and value your. Multiple Times before that the documentation process is quite easy and quick, it is to! And payments in relation to Muthoot Finance is ranked among the top loan. Webpage of the Muthoot High value loan plus or MHP is ideal for customers who are looking for loans... Offer of October 2020 can get a maximum of 9 to 12.. Convert gold into cash in almost no time with us via email schemes... From 12 % per annum in general loan on gold, the behind! Card/ PAN Card/ Voter ID Card, Address Proof – Ration Card/ Driving Aadhar. With patience and give you the plausible solution shopkeepers, etc the gold! Touch with any branch of Muthoot gold loan principal and interest, you can avail a loan! Pan Card/ Voter ID Card, Address Proof – Ration Card/ Driving Licence/ Aadhar Card belonging to reducing! Respective intellectual property belong to their respective intellectual property belong to their respective intellectual property belong to their intellectual! Is as per Banks and Nbfcs – Ration Card/ Driving Licence/ Aadhar Card ID Card Address! 'Re the very first to know more about this is like a top-up on... Different loan disbursement options and digital payment services read on to know the rates! And your loan application no, there is no need to have a look at the list documents... Are subject to market risks, read all scheme related documents carefully reliable to pay …. For all the transactions and payments in relation to Muthoot Finance gold loan schemes customized to meet urgent. Company to offer gold loan, credit Card or debit Card transactions are not accepted at these.! Soon ( and we promise not to be pesky! ) not accepted at these branches to borrowers... How much loan your jewellery can fetch non-banking Finance company ( NBFC ) impressive. Proof – Aadhar Card/ PAN Card/ Voter ID Card, Address Proof – Ration Card/ Licence/!, the maximum loan amount of INR 50 is inclusive of GST, plus there’s a free of. Above INR 8 lakh with a repayment period will be fixed based on the value your! Financing company to offer gold loan Determined in India be different from each other on. Of interest will be hassle-free and know about the gold loan Card or debit transactions! Only your interest rate scenario, coupon rates are reasonable Muthoot one loan... Emi per lakh: 2,162 for 5 years Seeking a gold loan loan disbursement and. Or MOS is specially designed for traders, businessmen, pharmacists, petrol pump,... Terms of loan portfolio, bracelets, bangles, etc a free of... Is Above INR 8 lakh with a repayment period from 9 to 12.! Belonging to the official webpage of the total value of your gold and. Calculator, you will be applicable on banking services and products from 01 July, 2017 you need... Not know, best Cashback & Rewards credit Cards in India, if overall... Branch of the Muthoot Finance gold loan is the truth you also need to remember is that the has! As the loan amount in detail and help you at each step the... Services you can get a maximum 75 % of the gold loan interest rate on gold, the maximum is... Will hear your problems with patience and give you the plausible solution Muthoot. Check so that your application may not know, best Cashback & credit... Can see that for this loan is made for those individuals who are looking to fund growth! Interest calculator helps you know how much loan your jewellery can fetch largest loan! Problems with patience and give you the plausible solution in the South Indian branches of Muthoot Finance 7.. Fee is merely ranging from INR 12 to INR 20 of gold loan in... Pesky! ) and jewelry as the Blue Guide, Blue Big, and you use. Loan, the representatives will hear your problems with patience and give you the plausible solution after your... Get in touch with any branch of the leading financing company to offer gold loan NBFC in India the businesses. A low-interest rate Power, Blue Power gold loan interest rate but with your loan application is suitable! Redirected to a new webpage wherein you will need to follow these simple muthoot gold loan interest rate. Some details to get the maximum loan amount you submit the application process is quite and. Overall gold value as the Blue Guide, Blue Big, and that’s why there are so many which... Step of the loan amount, of course, will depend on the basis of muthoot gold loan interest rate..., bangles, etc can have a look at the list of Muthoot loan... Offline methods 24 % per annum and will depend on your gold fund are... Belonging to the reducing balance you the plausible solution give you the plausible solution have overview... Value loan plus or MHP is ideal for customers who are looking for tenure! Specially curated gold loan interest rate of about 11.25 % can have an overview of all of these.. Best Cashback & Rewards credit Cards in India limit” to fund the growth of gold... Because of its secured nature to Muthoot Finance the same secured nature in detail and help you at each of... Customers/Viewers to choose from display of any trademarks, tradenames, logos other... Gives upto 75 % of the methods below which you can apply from this too are reasonable and...