14-Jul-2020Muthoot Fincorp NCD bonds June 2020 – Invest 1 Lakh and get 1.6 Lakhs in 5 years – What about risks?
- About Us
- Product & Services
Business losses. Salary cuts. Layoffs. All seem to be the order of the day. That’s what a low probability, high impact event like COVID-19 can do to our deeply connected global economy. If you or your business is facing cash flow issues or massive economic losses and you are looking forward to rebuilding your business, you don’t have to go too far to get access to credit. A very feasible financial help – loan against gold, is available right in your home. The unutilized shining metal, comfortably parked in your bank or home lockers can help you tide over the financial emergency caused by the coronavirus outbreak. And thanks to the power of the Internet, availing online gold loans is easy and superfast.
Before you do the math and use the gold loan EMI calculator to find out how much gold loan per gram you can get, let’s understand why it makes sense to go for gold finance, especially in these turbulent times.
Gold loans are offered at varied interest rates by different lenders. Before arriving at a particular gold loan interest rate, lenders consider the loan amount and its tenure. Gold Loans can be customized based on all your requirements, hence a smarter option for people with different types of credit requirements. One of the massive advantages of NBFCs like Muthoot Fincorp is that they offer amazing flexibility in how you can repay the amount. You can choose a minimum tenure, as short as one-day to a time duration as long as 36 months. What’s more? You can also repay the amount anytime, any day, without any pre-closure charges.
The three-digit credit score (CIBIL), which often ranges between 300-900, is used as a benchmark to decide a person’s financial stability in life. If you’ve a good CIBIL Score, it is easier to get personal loans or home loans. Without a good CIBIL score, it is not possible to get a loan from your bank or other lenders. For gold loans, though, an individual is not expected to have a good CIBIL score. Since a gold loan already takes your gold as collateral, your credit score technically doesn’t pay any role in its approval. Don’t have a CIBIL score? No worries. You’ll still get an instant gold loan. The icing on the cake is that if you continue to follow a good payment behavior when paying off your gold loan EMIs, it is counted as a positive move to better your credit score.
No income proofs. No income tax return statements. No unearthing of age-old documents. Gold loans are secured loans by default so they don’t require any such proofs. With some simple identity proofs, you can apply for gold loans. Isn’t this amazing especially when you’re in a crisis and need some urgent cash?
With gold prices at all-time high and continuing to break new records, it is prudent to monetize the inherent value of the yellow metal. After all, a good investment is one that can come to your rescue in your rainy days. And this is exactly the time when you can leverage the power of gold to bring back your cash flow in order. Since gold prices continue to soar higher, you will get the best price for your investment and you can sail over the covid-19 induced emergencies without having to dip in your other assets or borrowing from others.
We hope by now you are convinced that gold loan is one of the most effective ways to get credit during this pandemic. Now coming to the next interesting question, how much gold loan can you get? Well, to find out the approximate amount of gold loan that will be disbursed to your account in exchange for the gold, simply input the right details in the gold loan calculator. To make it easier for you, we at Muthoot Fincorp have developed an intuitive gold loan calculator that will guide you through the entire process.
Have more queries? We would love to answer them. Let’s stay connected anywhere, anytime on WhatsApp. Just give a missed call on 02248926600 or send us ‘hi’ on 7034021616 using WhatsApp or simply input your mobile number here. Remember, we’re always at your service.
Send us your query
Calculating Gold Loan Amount and EMI – 5 Simple Steps to Instant Cash Read More
Get Quick Access to Funds with Gold Loan and Start a New Business Read More
It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.
Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.
The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.
Please contact us for further information about the genuineness or otherwise of such communications at: