A gold loan refers to a secured form of monetary loan that customers can avail of using their gold jewellery as collateral. It is one of the simplest options available today for customers looking to fulfil their financial requirements. A loan against gold jewellery has proven itself a valuable alternative to bank loans.
Muthoot FinCorp is Muthoot Pappachan Group’s flagship company and among India’s biggest non-banking finance companies. Muthoot FinCorp provides online gold loans with the goal of ensuring easy and effortless credit access. With a reputation earned over decades of dedication, Muthoot’s gold finance is one of India’s most popular choices today. Through advanced technology and customised experiences, we ensure your journey of getting a loan against gold is effortless and hassle-free.
Muthoot FinCorp Gold Loan:
A loan against gold is a secured loan that bank customers can opt for when the need for fast cash arises. Customers pledge their gold as security or collateral. Muthoot FinCorp issues a loan of cash against this gold, providing an easy way out for financial needs like medical emergencies, education, unprecedented expenses etc.
With Muthoot FinCorp, you can get an easy, fast and simple gold loan right from processing to approval. You don’t need any credit checks or proof of income for such a loan since your gold is pledged as collateral.
To avail of a gold loan from Muthoot FinCorp, head over to the Muthoot FinCorp branch near you. All you need to do is give your gold and KYC documentation and you can get a gold loan sanctioned in just one visit. Muthoot FinCorp has years of experience giving instant loans against gold jewellery. This experience and reputation are what make it a leading choice in India.
Key Features of Muthoot FinCorp Gold Loan:
- Maximum loan amount permitted: As high as Rs. 50,00,000.
- Security: The gold that you are pledging as collateral is stored safely in highly secure vaults.
- Disbursal: The loan is completely processed in ten minutes.
- Tenure: The loan tenure begins three months later without any charges for foreclosure.
- Quick Loan Approvals: There are zero processing charges, affordable interest rates and minimal documentation.
- Loan Repayment Options: There are several flexible options for loan repayment that you can choose from.
– Pay the loan interest upfront, pay the principal amount later. Alternatively, you can pay only the interest and the loan on completion of the tenure period.
– You can pay interest in equal parts every month.
– Pay both the principal and interest amounts after one year
Gold Loan Process:
You can get a loan against gold jewellery from Muthoot FinCorp in three simple steps:
- Visit your nearest branch of Muthoot FinCorp to avail yourself of the most rewarding and popular gold loan in India.
- Get your gold pledged and appraised by the experts at Muthoot FinCorp, who offer a pleasant and positive customer experience.
- In less than ten minutes, your loan is processed. Walk out of the branch with instant cash or instant disbursal of funds in your bank account.
Benefits of Taking a Gold Loan from Muthoot FinCorp:
- You are charged reasonable rates of interest, starting from 6.9% per annum.
- There is a nominal processing fee starting at Rs. 20 (including GST), based on the scheme you choose.
- The only documentation you need is a photo ID proof and proof of address.
- There are minimal or zero charges of loan foreclosure if you prepay the loan three months after disbursal.
- You get a high loan amount, up to 75% of the value of the gold pledged or the maximum value permitted.
Understanding the options you have for getting a loan against gold can help you make an informed decision. Reach out to the support team at Muthoot Fincorp to understand the details of the category you choose.
About Muthoot FinCorp:
Muthoot FinCorp is among India’s top non-banking financial companies today. It is the flagship company of Muthoot Blue, the Muthoot Pappachan Group and has inherited all its principles and values. We are proudly carrying forward a legacy of over 134 years of empowering millions in India to grow from an ordinary present towards a secure, aureate tomorrow.
Muthoot FinCorp provides a wide range of financial services such as Gold Loans, Small Business Loans, Affordable Housing Loans, two-wheeler Loans, Used-car Loans, Domestic Money Transfer, International Remittance, Foreign Exchange, Insurance Products & Services, Wealth Management Services, Affordable Gold Jewellery and more. Every branch of Muthoot FinCorp is an all-inclusive outlet that helps customers to fulfil all their financial needs in one place.