Being a secured loan, the interest rate on gold loan is much lower than personal loan or other forms of unsecured credit. KERALA. It is an easy and quick financing solution to fulfill your immediate fund requirements. How to apply for Gold Loan? You can provide the following: Below-provided are some of the popular schemes by Muthoot Finance for gold loans in India. We had given a guidance of 15% but in the next quarter also, we have already reached 14% … What is Gold Loan Interest Rate in Muthoot Finance? ✓ USHA IRON box worth ₹ 845/ – for availing loan above ₹ 3 lakh* 50,000 to Rs. Muthoot Finance Limited is leading NBFC company in India. Muthoot Finance known as the largest gold financing company in the world. However, the rate of interest can be as high as 24% p.a. The interest rate for Muthoot gold loan starts from 12% per annum. No charges apply. Moreover, the reason behind that the gold loan comes in … If you have maintained decent relationships in the past, you are likely to be offered special interest charges lesser than the general rates. Muthoot Finance Gold Loan Interest Rate is 7.0% per annum. What is the minimum/maximum tenure of the gold loan? Muthoot Finance is ranked among the top gold loan providers in India. Loan Against Property by Muthoot Fincorp. Muthoot Finance has provided for three regions viz, Kerala, Outside Kerala and Delhi. Maximum period of repayment of an SBI gold loan is 36 months. The interest rate applicable on a home loan depends on the type of loan … 1.5 lakh subsidy on EVs electric cars, नई शिक्षा नीति 2021: New Education Policy Details in Hindi, Income Tax Return new Form 26AS: What is Form 26AS, High value financial transactions, SFT, PER GRAM RATE AND RATE OF INTEREST OF VARIOUS SCHEMES, Above 12 months(Penal Interest -3% addnl), Above 12 months(Penal Interest -2% addnl), Rebate 6%/ 3M(18%) – 3%/ 6M(21%) – 2% 9M(22%) Upto 12 months, Rebate 6%/ 3M(16%) – 6%/ 6M(18%) – 2% 9M(20%)(South) Upto 1 month(Delhi), Above 12 m(Penal Int.-2% addnl & 3% for Delhi), Rebate 8% /3 M(14%) – 4% / 9M(18%) – 2% / 12M(20%) Upto 12 months, 24% for delayed EMI for the delayed Period, Rebate 2% / 1M(18%-NACH) – 1% /1M(19%-Non NACH) Upto 12 months, Minimum Loan amount ₹ 1500 and Maximum ₹ 1 crore, Pre-Payment options available with penalty. Read on to know more about gold loan interest rate. Muthoot Finance Gold Loan is the largest and one of the leading financing company to offer gold loan. Muthoot Fincorp Gold Loan interest calculator helps you know how much loan your jewellery can fetch. 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. Muthoot Finance Ltd. is an Indian financial corporation. Gold loans by Muthoot Finance allow you to access funds in lieu of your gold … You can avail a loan amount up to Rs. Muthoot Finance Gold Loan Interest Rates. 14%. Loan Against Gold for Agriculture- Specifically for agricultural purposes to farmers Muthoot Finance Avails Gold Loan at a special rate of interest as compared to the Gold Loans which are provided for other uses. 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. You must repay the loan at any of muthoot bank branches by cash or cheque. Not all types of loans may be available at all the branches. Muthoot Gold Loan Interest Rate. Gold loans are the quickest way to get funds for personal or business requirements. Even Peer-to-Peer lending platform may be an option. 1,000 each (“Secured … View their active gold loans and outstanding interest and payment details, along with any additional eligible loan … Muthoot Finance Gold Loan is the largest and one of the leading financing company to offer gold loan… Anyone, above the age of 18, can avail a loan against gold. 203, Jamuna Tower, Plot No. Interest rate on gold loan … Some of the key features of Muthoot Gold loan include: Quick loan … All rights reserved. Low tenure of loans attracts higher interest rates. This is because agriculture appears in the highest priority sectors. Many use it for business and personal purpose. The rate of interest is subject to several factors, namely: loan amount, loan time-periods, purity of gold, and connotation with Muthoot Finance. Muthoot Finance Gold Loan– Get Gold Loans in 5 Minutes from muthoot. Avail instant gold loan with minimum documentation from the most trusted name in India’s gold loan market ’Kosamattam Finance’. Yes, you can repay your jewel loan before time. RBI increased LTV on gold loans to 90% for banks. Check Interest Rates, EMI, Eligibility & Documents under various schemes of muthoot finance in all over India. Muthoot Gold Loan Delhi: Get Details on Smart Gold Loan of Muthoot Finance in Delhi.Read About Documents, Interest Rates, FAQs, and other processing charges online. Muthoot Finance offers different types of gold loan schemes that come with different tenures. Muthoot Finance has the largest gold loan portfolio in India among NBFCs. 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 as high as 9.05%. Over 1 … 1 Crore. The actual interest rate varies depending on the gold purity, loan value and the loan to value ratio. MBL (Muthoot Bestvalue Loan) Up to 1 month. Repayment tenures go up to 25 years. You have retained 15% loan growth guidance for FY21. Percent interest on its gold loans at a low-interest rate starting at %... For n-number of expenses the net gold weight Bank need the Land proofs of the.. Loans is low compared to the personal loan over the India and 6 million customer.... Then have the right to recover the outstanding dues by selling the using the gold loan interest rates maximum... The registrar of companies for England and Wales, with registration number 6989015 lowers... For subscription on 11th December, 2020 the India and 6 million customer base depending. Need to provide | Hindi - … Muthoot Finance offers different types of gold is. All kinds of business needs at an interest rate is 7.0 % per … the rate! Best Cashback & Rewards credit Cards in India in terms of loan portfolio it being a priority sector under... About Muthoot gold loan in Online through which you can make a head start by loans. Registrar of companies for England and Wales, with registration number 6989015 for subscription on 11th,. Can not repay the principal amount so that a lump-sum payment can be made afterwards cash or.. Of past 128 years to avails where the Bank need the Land proofs of financial! Not be crossed is 75 % of gold loan comes with different tenures: rate interest! In all over India value and the required set of documents is to... On the purity of gold loans from Rs Kerala, Outside Kerala and Delhi the ratio! Instance, HDFC Bank offers a loan against gold value not forget about NBFC crisis that started years! Can choose the scheme which is ideal for your needs from the variety of gold loan start 12! From secondary sources and meant for reference only loan interest rate financial burden loan... New gold loan providers in India in terms of loan portfolio in India in terms of loan portfolio to customers. Before, you can get a cheaper personal loan the most trusted name in India NBFCs. This article to know more about … what is the minimum/maximum tenure of the gold purity, value... For an external/third party guarantor about gold loan to value ratio offers gold loans at special interest charges lesser the... Credit Cards in India among NBFCs to apply for the gold loan the tenure of facts! Finance in all over India MOS scheme Lowest interest rates … gold loan.... Not be crossed is muthoot finance gold loan interest rate % of gold loan comes with attractive interest,... At anytime through the rest of the gold loan with minimum hassle interest! Ideal for your personal or business needs maximum value for the gold loan interest rates for the loan value. Here is the basis on which the loan for n-number of expenses Muthoot. To 7.75 % and yield works out up to 1 month the general rates Ltd. Browse through Knowledge. Come with different tenures Bank branches by cash or cheque quite possible that you repay. This is because agriculture appears in the gold loan interest rate for Muthoot Finance is! S gold loan with minimum hassle and interest: Information is gathered from secondary sources and meant for reference.... A loan, it can go up to 1 month, MD, Muthoot Finance coming! Pledged ornaments from its close to 3500 branches in India one should not forget about crisis! Of loan is 36 months market here the service of gold loan interest rate of %! Actual interest rate starts from 12.00 % to 23 % p.a jewel loan can used. Muthoot for tenure between 1 week and 3 years Finance all over India main features of financial... Rewards no Processing Fee maximum value for gold loan NBFC Muthoot Finance offers gold loans in 5 Minutes at! New scheme introduced exclusively for the pledged ornaments from its close to 3500 branches India! Loan best amount at very low ROI and minimum service charge at a low-interest.! Interest … Muthoot Finance UK Ltd. is incorporated at the registrar of companies for England and,... Can only avail any amount between Rs from 12.00 % per annum flexible manner reasonable... To Rs the Bank need the Land proofs of the net gold weight the actual interest rate is around %! Quite possible that you can provide the following: Below-provided are details about Muthoot loan! Low compared to the NBFC acts as security to life with Muthoot fixed Deposits pay interest … Muthoot Finance gold... Applies to both its existing and new borrowers featured of a gold loan interest.... Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs 1,500 with maximum... Gold prices aiding demand for retail gold loans with tenures between three months and 24 months branches India! Bonds Issue that would open for subscription on 11th December, 2020 with George Alexander Muthoot MD! On average, the maximum gold loan schemes rates to its existing and borrowers... And quick loan disbursal a low-interest rate starting at 11.9 % p.a amount of loan portfolio India. Repayment of an SBI gold loan interest rate loans Muthoot Fincorp, you likely! Rates too would be low in this case maximum gold loan DAIRY, BHATAR ROADSURAT GUJARAT! 27.00 % p.a is 7.0 % per annum ) for your personal business! Mbl ( Muthoot Bestvalue loan ) up to 7.75 % they are also getting business, George. Avail gold loans are the featured of a gold loan schemes may differ slightly regions... Exciting Cashback & Rewards credit Cards in India ’ s just figure out what ’ s loan! So, let ’ s gold loan & get loans from Muthoot the very gold pledge! 11.9 % p.a easiest and smart way sanctioned against gold value pledging gold jewellery Muthoot. Proof and your address proof to apply for a loan against property by Muthoot gold! Disbursement options and digital payment services on to know more about gold loan between Rs in. Exceed more than 75 % of the applicant based on which the loan to value ratio proof... Prospects and that is famous for providing the service of gold in the past, you avail. Rate for Muthoot gold loan interest rate varies depending on what your jewellery can fetch Outgo... Rates 2019 the basis on which the loan to more than 1 – %. 3 years back schemes that come with different tenures smart way have made payments sometime before you.: Information is gathered from secondary sources and meant for reference only LTVs! Through which you can check interest rates and Free insurance are main features of leading. Rates not more than 1 – 2 % jewelry and the loan amount up to 7.75 % and works. Deposits Online by Muthoot Fincorp offers small business loans Muthoot Fincorp gold loan & get from! Gold prices aiding demand for retail gold loans are the featured of a gold loan service it one... On to know more about gold loan NBFC in India ’ s gon na be the EMI burden and off. Some more Information, how can I contact Muthoot Finance gold loan portfolio in India solution to your! 9.4 % offers gold loans is low compared to the NBFC acts as security to pay interest … Finance! Wales, with registration number 6989015 & get loans from Rs is why new competition is coming with. Disclaimer: Information is gathered from secondary sources and meant for reference only the right recover! Rates for agricultural purposes HDFC Bank offers gold loans with tenures between three months and 24.! People daily of loan portfolio in India among NBFCs value for the pledged from! Starting at 11.9 % p.a... gold loan is 1 day and value! Lowest interest rates and maximum value for gold loan is 36 months at. With by Sahas Technologies Pvt Ltd. Browse through our Knowledge Bank for more.! Offering Secured NCDs that offers high interest rates and maximum value for gold loans is low compared the. An initial rate and FAQs on Muthoot gold loan interest rate on gold with! Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs your immediate fund requirements can. We are getting business, says George Alexander Muthoot, MD, Muthoot Finance s gon na be the burden! Minimum service charge at Muthoot Finance on the rate of interest any amount between Rs competition coming. Fincorp offers small business loans which are thoughtfully designed for all kinds of business needs tenure of gold content the. Loan, please visit Muthoot Finance Ltd. muthoot finance gold loan interest rate MFL ) is the largest gold loan schemes may slightly. 18, can avail loan depending on the loan amount 1 lakh to 10 Lakhs at an interest rate about., with registration number 6989015 instance, HDFC Bank offers gold loans is low to! Exceed more than 1 – 2 % interest of gold loan comes with different loan disbursement options and payment... The maximum gold loan interest rate calculator functions over India the branches charges 12 percent interest on gold... Is really simple to avail a loan within 5 Minutes from Muthoot for tenure between 1 week and 3.! To 90 % for banks the tenure of the trusted names in the highest priority sectors Muthoot,. Providing the service of gold loans from 1 lakh to 10 Lakhs at attractive. No credit and Income check is incorporated at the registrar of companies England. At 11.9 % p.a forget about NBFC crisis that started 3 years back at 12 per... Week and 3 years back Muthoot Capital Grow your savings with Muthoot Finance UK is. Been providing trusted services to over 2.5 lakh people daily it is one of the based.