It was at that time that I got introduced to Muthoot Blue. For the past 133 years, the company has been providing trusted services to over 2.5 lakh people daily. Being a secured loan, the interest rate on … 24,000 employees serving millions of customer, Walk in of over 1,00,000 customers per day. There are various schemes under Muthoot Gold Loan the details of which are as given below: Mahila Loan (MML) The key features of this loan are: Quantum of loan: The maximum quantum of the loan under this scheme is 5 Lakhs; Interest: The interest is charged at 24% p.a. Gold loans by Muthoot Finance allow you to access funds in lieu of your gold … The interest rates for this scheme will start from 17% per annum and will depend on a few factors. Want to get Loan Against your Gold? 2 lakhs within 15 minutes. There is certain belief that the branch staff and the manager have developed in me and that’s why I come here for all the requirements. I visited Muthoot Blue branch and received Gold loan of Rs. 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. In general Loan on Gold, the credit is available at a low-interest rate. The processing fee will remain as 0.25% of the loan amount which can be a maximum of INR 1,200. Copyright © 2020 Muthoot FinCorp. Muthoot gold loan comes with attractive interest rates and quick loan disbursal. If you want to part release and part payment towards principal and interest, you can do this through this loan. So you don’t need to worry even a bit. Usually, Muthoot Finance gives upto 75% of the total value of your gold as the loan amount. 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. Muthoot Gold Loan Interest Rates 2019. For example, if your overall gold value is INR 2 lakh, you could get a maximum loan amount of INR 1.5 lakh. Moreover, the reason behind that the gold loan comes in the … This loan is made for those whose fund requirement is above INR 8 lakh with a repayment period of 9 months. 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. Which Lender Provides Lowest Interest Rate on Gold Loans? 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. Apart from this, you can also opt for another process – through the Muthoot Blue Application available both on Android and iPhone. Alternatively, you can also email to [email protected], Disclaimer: MMPL does not sell any loans on our own and do not charge any fee from any customers/viewers. 1 lakh Cheap Gold Loan Interest … This is because agriculture appears in the highest priority sectors. We will communicate you only through the mail ID mails@muthootgroup.com. This Gold loan scheme by Muthoot Finance is designed especially for those individuals who are independent or are earning their livelihood. Muthoot Finance offers mainly five types of gold loan schemes. You can get a maximum loan of upto INR 1 lakh. To close your Muthoot Finance gold loan, you are required to repay the principal amount and interest accrued either online or by visiting the branch office. 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. Later I was given a SME loan based on the progress of the same business. As we told multiple times before that the documentation process is quite simple and minimal. The processing fee for this loan is the same as the Blue Power gold loan scheme standing at 0.25% of the loan amount. The processing fee of INR 50 is inclusive of GST, plus there’s a free registration of the NACH. 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. 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. During land registration I needed extra Rs. 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. In 2012 our family was in a difficult financial situation, and I had to make tough decisions for the sustenance of my family. Bringing joy to millions through a Diversified Product Portfolio. And your loan amount will depend on the overall value of your gold. Muthoot FinCorp Shopping Dhamaka, launched by the company as part of its RestartIndia programme, has directly benefited more than 25,000 shopkeepers in Kerala. 24% per annum is charged for late EMI payments for loans under the MIS scheme. CIN: U65929KL1997PLC011518 | GST Number: 32AACCM1453E2Z1 | Contact ID. Small Business Loans Muthoot Fincorp offers Small Business Loans … I rushed to Muthoot Blue and took the support of Gold loan. The final rate of interest will be decided by the lender after assessing your overall profile. The Gold Loan Interest Rate of Muthoot starts at 12% per annum. While the rate shall be the lowest for the schemes where advance amount vis-à-vis the weight of gold … Muthoot Blue Guide Gold Loans offered by Muthoot Fincorp for customers looking for financial solutions for their day-to-day and emergency requirements. The repayment period will be a maximum of 9 to 12 months. To use this calculator, you just need to follow these simple steps. The best thing about this is if you want to prepay your loan amount, there will be no extra charges for it. 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. To get instant Gold Loan, Call 1800 313 1212. Thanks to Muthoot Blue. 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. Our Muthoot Online facility will definitely ease our customers who often find it difficult, during their busy life schedules, to call at our branch and make periodic interest / principal re-payments, withdraw available loan amount (Topup) and renew eligible loans . The interest rates start from 15% per annum and the final rate will be fixed based on your overall profile. As we have told you earlier that you can opt for a maximum 75% of the overall gold value as the loan amount. The staff there helped me source a loan against my gold, with which I started my Saree Business. The interest rates start from 15% per annum. Rates for the various loan … Online Gold Loan. Suppose your maximum permissible loan amount is INR 3 lakh, and you have taken only a loan amount of INR 2,40,000. So, keep reading to learn more about Muthoot Finance Gold Loan. You only need a basic phone to send the SMS and the amount will be transferred into your account instantly. Muthoot Finance is the Largest Gold Loan NBFC in India. Remember to have all these documents in check so that your application may not get rejected due to this. One thing you also need to remember is that interest will be only applicable to the reducing balance. NOTE: Rs. After you submit the application, the representatives of Muthoot Finance will contact you regarding your loan application. Apart from applying, you can do the following things as well. With the growing popularity of gold loans every year, it is important to know not only what gold loan is but also how it works, gold loan interest rates, and other related details. And the growth has continued even more. I have been taking Gold loan from Muthoot Blue for the past 4 years for my business development. Irrespective of the fact where you pay your amount, the final collection of the pledged gold … Second instance that I’d like to share with you is UPSC-IRS coaching of my Son. Most important of all, Muthoot … Well, the application process is quite easy and it can be done via both online and offline methods. How to Contact Muthoot Finance Customer Care? I have taken a gold loan and made use of the EMI facility for buying gold. So, you can see that for this service, you neither need any Smartphone nor Internet Connection to get the loan amount. We do not guarantee any loans as loan sanction is as per Banks and Nbfcs. Now you must have got a basic idea about all these schemes. Through this … The eventual loan amount, of course, will depend on your gold value. 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. I am grateful to Muthoot Blue for bringing happiness to me and my family. The sanctioned loan value depends on the purity of your gold jewellery and the existing gold prices … The company has been … Let’s understand through this an example. Name of Scheme : Muthoot Finance Gold Loan : Rate of Interest : 12% p.a. Just dial 1800-102-1616 and the representatives will hear your problems with patience and give you the plausible solution. If you want to apply for this loan in an offline method, then you just have to go to one of the nearest branches of Muthoot Fincorp which are more than 4,200 across the country and continuously growing. With this tool, you can know the best value for the gold you are putting as collateral. 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