Are you in need of urgent credit? Is your gold sitting at home idle? Let gold loan be your companion during rainy days. A loan against gold can open your door to various avenues. Not only can you avail credit with lower gold loan interest rates but also enjoy flexibility in repayment, next to no foreclosure charges, and other benefits. Do you know CIBIL score plays no role in availing of an online gold loan? There are various benefits of the ‘Yellow Metal’ that can come handy when urgent cash is required. So, without further ado, let’s move ahead and talk about the benefits of a gold loan.
Lower Interest Rates
For any Indian, a lower gold loan rate puts less toll on the pocket. With Muthoot FinCorp, you can enjoy some of the flexible gold loan interest rates in the industry. Since gold is a highly liquid commodity, you can pledge your gold as collateral against the desired loan amount.
With minimum documentation and a quick KYC procedure, you can get your loan approved with Muthoot FinCorp at gold interest rates starting from 12% p.a. Whenever you’re in need of an urgent credit, visit Muthoot FinCorp and leave the rest to us.
Higher Loan Amount
Borrowers can now avail of more loan amounts with your pledged gold ornaments. Thanks to RBI’s recent guidelines enabling lenders to push Loan-to-value (LTV), your gold is more valuable than ever since it can fetch more capital than before. Thus, not only your gold is put to use here, but you are also leveraging the full potential of the commodity. You can use a gold loan calculator for custom insights.
As mentioned earlier, Gold is a high-liquid commodity and is relatively a low-risk collateral. That is why gold loans are often approved faster than other loan types. Also, your credit score plays no role when it comes to applying for a gold loan since you’re already handing over the security.
Often other loans get rejected may get rejected due to poor credit score. A gold loan can be a viable option for you. You can walk any of the 3600 branches of Muthoot FinCorp and get your gold loan approved almost instantly. Get a loan in minutes, now!
Flexibility in Repayment
Muthoot FinCorp offers a number of lucrative gold loan schemes such as Muthoot Blue Guide Gold Loan, Muthoot Blue Bright Gold Loan, Muthoot Blue Power Gold Loan, and several others. All the loans are governed by flexible repayments and tenures. Get an expected monthly instalment quote through Muthoot’s gold loan EMI calculator.
Customers can choose to pay in regular monthly instalments through EMI schemes. You also have the option to repay only interest throughout the tenure and repay the balance principal upon tenure completion. Visit Muthoot FinCorp’s website and use the gold loan interest rate calculator to know the expected EMI as per your gold holdings, tenure, and applicable interest rate.
Your Gold is Always Safe
Borrowers need not worry about the gold they pledge as collateral to Muthoot FinCorp. As soon as you submit the gold as collateral to us, it gets transferred to the lockers where it’s kept safe. Muthoot FinCorp also keeps your gold insured.
At Muthoot FinCorp, you can enjoy a lucrative gold finance opportunity at a mere 12% per annum gold loan interest rate. Muthoot FinCorp assures a minimum processing fee, quick approval, and seamless credit transfer to borrowers from all walks of life. You can keep your gold safe and secured throughout Muthoot FinCorp’s lockers.
You can also top-up your gold loan from anywhere, anytime through Muthoot’s 24×7 facility. People often worry about the safekeeping of their gold once it’s with an NBFC. Well, with Muthoot you can enjoy around the clock gold security backed by insurance for your collaterals.
Gold is Shining
In current times and market conditions, gold can fetch you the best possible loan amount and that too, at a great price. People often invest in gold for years. If you’re in financial distress, this is the time to put the woes out. Leverage your gold holdings, check how much loan you can get, use a gold loan interest calculator to get the interest quote, and apply now!