The processing fee will remain as 0.25% of the loan amount which can be a maximum of INR 1,200. Know why Muthoot Finance Gold Loan will be perfect for you! 0.25 - 1% on the loan value. Category. The calculator is quite quick and accurate, so this process will be hassle-free. Check eligibility, Muthoot Gold Loan schemes, documents and repayment options at Wishfin You only need a basic phone to send the SMS and the amount will be transferred into your account instantly. The borrower keeps his gold ornaments as collateral with the lender and takes the cash. 936000 1,500. More the interest rate more will be the EMI. if(fieldObj) { In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. We do not guarantee any loans as loan sanction is as per Banks and Nbfcs. You can avail a loan amount of as low as Rs.1,500. 300 gram 14.50% Simple and minimum documentation. } Aadhar Card, Passport, PAN Card, etc. You can have a look at the list of documents below. As we told multiple times before that the documentation process is quite simple and minimal. Some Undeniable Advantages Of Credit Cards, Aadhar Card, Passport, PAN Card, etc. } Muthoot Gold Point, a leading gold buyer in Delhi, offers safe and 100% transparent processes to get cash for gold in Delhi at the best gold rate per gram. Apply for gold loan & get loans from Rs. RBI increased LTV on gold loans to 90% for banks. } Your EMI amount is credited automatically towards the end of the month to month quantity from the Muthoot Finance account you show. We at Muthoot Gold Bullion Corporation, a Muthoot Group endeavor, provide ample opportunities to all of our customers to fulfill their dream of investing in gold with top purity, best quality, and design through various gold purchase schemes. 4731 400 gram 3157 + Applicable rate of interest. How to Contact Muthoot Finance Customer Care? 140400 Muthoot Gold Loan Interest Rates Jan 2020 June 2, 2016 December 21, 2019 Shweta 0 Comments Muthoot Finance Muthoot Gold Loan : Online details on Interest Rates, Per Gram Rate, Loan Amount, Process, Documents, Processing Fee and Number of repayment period at emicalculator-india.com Muthoot Finance Gold Loan is one of the best gold loan offerings in India. 4801 Muthoot Finance Ltds latest non-convertible debenture (NCD) issue offers 6.75-7.75% returns annually. } else if(fieldObj.type =='checkbox'){ Residence Proof from the convenience of your home and take the best deals and offers. 17058 fieldObj.focus(); The RBI is looking to beef up its gold reserves, and this may come as good news for shareholders of India’s largest gold lenders Muthoot Finance and Manappuram Apply & Get Instant Money Do you see this continuing going forward into FY22? There is no cap in the maximum loan amounts. Gold Purity Muthoot Finance Gold Loan Interest Rates @12.00% - 27.00% How to Apply. 13.50% var email=''; Gold Purity But, Muthoot Finance offers tenure between 7 days and 36 months, which is quite flexible for customers. You will have to submit the basic KYC documents to apply for this loan facility and the interest rates start from 19% per annum. Category. Muthoot Finance Gold Loan– Get Gold Loans in 5 Minutes from muthoot. Let’s understand through this an example. 9.50% 17,169 EMI every month. Banks aggressively lending retail gold loans. function checkMandatory() { No charges for … var name=''; The top non-banking finance company (NBFC) offers impressive loan amounts based on the value of the gold ornaments you submit to it. 1872000 Faster processing. Can You Get a Gold Loan despite a Low Credit Score? 1950000 Also, It is renowned for its excellent economic services. Flexible Tenure; For gold loan, one gets tenure of a year or two. And, it can go up to 26% per annum. So you don’t need to worry even a bit. in total Rs. No penalty on prepayment. You can quickly pay Muthoot Finance Gold Loan interest online through internet banking on the official Muthoot Finance loan repayment website or else; you can likewise repay your Muthoot Finance Gold Loan on Paytm applying your most opted payment method. return false; Effective yield. Muthoot FinCorp launches interest free gold loan to fulfil the needs of your business or immediate medical expenditure, investment in a property or asset, and your child’s education. Get immediate approval and a hassle-free process. The RBI on Thursday said it has imposed a penalty of Rs 10 lakh on Muthoot Finance, Ernakulam, for non-compliance with directions on maintaining loan to value ratio in gold loans and on obtaining copy of PAN card of the borrower while granting gold loans of over Rs 5 lakh. if (((fieldObj.value).replace(/^s+|s+$/g, '')).length==0) { There is no maximum cap on the amount you can borrow. 200 gram 22 Carat हिंदी में पढ़े. 1 gram For example, if your overall gold value is INR 2 lakh, you could get a maximum loan amount of INR 1.5 lakh. 4637 17205 if(fieldObj.checked == false){ 17329 Loans starting from Rs. Discounted rates could be applicable for applicants from large companies, government sector employees, etc. Apply for gold loan & get loans from Rs. 3250 alert(fldLangVal[i] +' cannot be empty. Rs. You should choose the one which is most suitable for you according to your income, requirement, and repayment capability. 3227 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. We are responsible for the security of your gold. The average Gold Loan disbursal time in India is just 45 minutes. You’ll be able to avail up to ₹ 5,255 Per Gram in Muthoot Finance Gold Loan. 30 gram Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. The Muthoot Group is a 130-year-old business house based in India. 3 Yrs You can avail a loan amount of as low as Rs.1,500. Muthoot Finance Gold Loan : Rate of Interest : 12% p.a. You can also furthermore avail of a Gold Loan for agriculture ideas. 12.50% Past performance is not an indicator of future returns. Get cash for gold instantly Exchange Gold for Cash Free Purity Testing of Gold. 156000 The lower gold loan interest rate at Muthoot Finance is because of its secured nature. 1 Yr A different version of PDCs got to be granted quickly. Muthoot Blue Guide Gold Loans offered by Muthoot Fincorp for customers looking for financial solutions for their day-to-day and emergency requirements. Remember to have all these documents in check so that your application may not get rejected due to this. In the past two years, more than eight robbery cases amounting up to ₹700 million in the top NBFC companies like IIFL, Manappuram Finance, and Muthoot Finance 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. We are providing you details about both of the methods below which you can check. 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. var fldLangVal=new Array('City Name','Gold in Grams','Full Name','Contact Number'); 7.00% per annum On average, the Gold Loan Interest Rate is around 12.00% per annum. Muthoot Finance offers you varied schemes related to the Gold Loan product that are listed below: Rate of Interest Muthoot Finance Ltds latest non-convertible debenture (NCD) issue offers 6.75-7.75% returns annually. For this, you can visit the nearest branch of the Muthoot Finance and know about the value of your gold. 2340000 alert('Please accept '+fldLangVal[i]); Read More: Best Investment Blogs in India 2020. What’s also impressive is that the lender provides different gold loan schemes customized to meet different requirements of the customers. Financial Ratios Analysis of Muthoot Finance Ltd. - The Key ratio of Muthoot Finance Ltd. Company, including debt equity ratio, turnover ratio etc. And apart from this, you can also know the interest rates at which you will get the loan and the number of required EMIs for the repayment. It is one of the few best banks in India that has Gold Loan services. Interest Rate. Available in Southern India branches only. For instance, HDFC Bank offers gold loans with tenures between three months and 24 months. Effective yield. One thing you also need to remember is that interest will be only applicable to the reducing balance. You can quickly get to know the most compelling offers on Gold Loan out there from all the Muthoot Finance Branches throughout the country to avail the most efficient deal applicable to your wishes. (Only 1 is required), HDFC Gold Loan Interest Rate You can choose the one which fits your repayment capacity. 17107 The RBI is looking to beef up its gold reserves, and this may come as good news for shareholders of India’s largest gold lenders Muthoot Finance and Manappuram Muthoot Finance understands this aspect very well, and that’s why there are so many schemes which you can choose from. 17181 The Muthoot Finance personal loan interest rates vary between 14% and 24% per annum. The minimum amount of Loan available to customers is Rs. Category. The interest rate depends upon a variety of components, namely: loan amount, loan tenure, purity of gold, and relationship with the bank. Want to get Loan Against your Gold? 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. 8815 8678 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. 17082 The eventual loan amount, of course, will depend on your gold value. Gold loan NBFC Muthoot Finance Ltd has announced its 24th series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs. all of these ornaments are acquired by Muthoot Finance for availing a Gold Loan. Muthoot Finance: Muthoot Finance on Thursday announced its plans to raise Rs 1,000 crore for lending activities by issuing secured redeemable non-convertible debentures (NCDs). 4614 4290 With this tool, you can know the best value for the gold you are putting as collateral. Loan Scheme: Annual Interest Rate (on diminishing balance) Remarks. Your Muthoot Finance gold loan is usually reimbursed inside the following three alternative methods: Call 9878981144 and acquire immediate help and approval for your Muthoot Finance Gold Loan. Muthoot Finance accepts gold of purity between 18 carats to 22 carats to deliver a Gold Loan. Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs To determine your Muthoot Finance Gold Loan status, all you have to do is visit the Muthoot Finance loan status tracker web page and fill in your details within the application given. Prepayment/Foreclosure Charges 8652 fieldObj.focus(); 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. And your loan amount will depend on the overall value of your gold. For all of your marketing requirements, like getting supplies, developing, promoting, etc., loan service is always available. If you don’t have the time to visit the branch and want to apply through the online way then you can do it too. 50,000. Therefore, the person who has a low CIBIL rating also can easily avail of this service. Series Coupon Frequency. 13.00% Banks risk-averse towards unsecured loans. Identity Proof – Aadhar Card/ PAN Card/ Voter ID Card, Address Proof – Ration Card/ Driving Licence/ Aadhar Card. India's largest gold loan company. Watch the full interview with George Alexander Muthoot, MD, Muthoot Finance on The Market here. 3418 You can get a maximum loan of upto INR 1 lakh. The loan tenure of the gold loan can range from 3 months to 2 years. That indicates the bank offers the farmers a slightly lower Gold loan interest rate for agricultural usage. 3203 Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 8.50% Higher the purity of your gold will, the higher will be the loan amount. 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