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FAQ

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FAQ

It is easy to get a gold loan from us. Just walk into any of our branches, choose the loan best suited to your needs. Our representative will guide you through the process of availing a Muthoot Gold Loan online. Call us at 1800 102 1616 for more details.

You need to provide gold jewellery or ornaments as a collateral to your Muthoot FinCorp branch near you to get an instant loan against gold from us. Contact our customer care representative at (1800-102-1616) or through our online form to understand Muthoot gold finance process.

The average price of gold for the last 30 days is used to estimate the value of your gold. Visit a Muthoot FinCorp branch near for a gold finance to get the actual value pegged to your asset. The value of Muthoot gold loan per gram for today is linked to actual market rates applicable for the day

As a leading and best online gold loan company in Kerala, India today, our documentation process is very simple. Here are the identity and address proof documents you need to get a Muthoot gold loan.

  • Ration card
  • Pan card
  • Driving license
  • Voter Id
  • Passport

Yes, a small processing fee is Rs. 12 to Rs. 20 of the loan amount is charged for a Muthoot Gold loan. If you do not have the time to visit a branch near you for a gold loan, use the online process or contact our customer care representative at 1800-102-1616.

There are several benefits of getting an offline or online gold loan from Muthoot FinCorp.

  • Get a free insurance cover.
  • Avail a hassle free and paperless transaction even from your mobile.
  • Enjoy simple documentation and transparent process.
  • Low interest rate with an option to pay instalments for the number of days the loan is used.

Visit a Muthoot FinCorp branch near you to avail the many benefits of a gold loan.

When you pledge your gold jewellery to take a certain amount of money as cash it is called loan against gold. The Muthoot FinCorp gold loan per gram calculations are used to calculate the amount of loan you can get as loan when you pledge your loan as collateral.

Cash for gold means that you can pledge your gold jewellery or ornaments for instant cash. When you pledge gold jewellery and ornaments for gold loan, you get cash on the basis of the prevailing gold rate and the permissible Loan-to-Value or LTV. Visit a Muthoot FinCorp branch to avail a gold loan.

You can get a maximum of up to 75% of the LTV of the gold. The value is dependent on the purity of gold, and the Muthoot gold loan per gram rate that day. Visit the Muthoot FinCorp branch near you to get instant gold loan today.

The CIBIL Score has no role in the processing of a Muthoot gold loan online. This makes it an attractive option for people who either do not have or have a bad credit history. Muthoot FinCorp is the best online gold loan company in Kerala, India offering the best value for your gold.

You can visit a Muthoot Gold Point near you to sell gold for cash. If you want to hold on to your jewellery, you can avail a Muthoot gold loan online at affordable interest rates.

You can visit our website to know the nearest Muthoot FinCorp branch offering gold loan. Muthoot gold finance keeps your gold safe. Contact our customer care representative at 1800-102-1616 for details.

Auto loan is a way to finance the purchase of vehicles such as scooters, bikes, cars etc. Once the loan is taken to buy an automobile, the customer makes monthly payments to repay the same over the period chosen under the auto loan scheme. The auto loan terms depend on your income and credit history, among other factors.

To get an auto loan, the following documents are needed:

  • A proof of identity: Any one of the following – passport, Aadhaar card, voters ID, diving license and PAN card.
  • An address proof: Any one of the following passport, Aadhaar card, voters ID, driving license, telephone bill, electricity bill, gas connection bill, ration card and LIC policy.
  • Income proof: Any one of the following, income tax return, form 16, pay slip, and salary credit in bank statement.
  • Asset proof: Latest land/building/house tax receipt.
  • A recent passport size photo.

At Muthoot FinCorp, the interest rates for Two Wheeler Loan start as low as 0.99%* per annum and  8.99%* per annum for used car loans. Visit any Muthoot FinCorp branch or call us on 1800-102-1616 for complete information. *Terms and conditions applicable.

Muthoot FinCorp has auto finance options for up to 100% of the on-road price of the vehicle purchased including two-wheeler and used car. Visit any Muthoot FinCorp branch for more details.

To be eligible for a two-wheeler loan from Muthoot FinCorp:

  • A salaried person should make an income of Rs 96,000 per annum
  • A self-employed person should make a net profit of Rs 1,20,000 per annum.

To be eligible for a used car loan from Muthoot FinCorp:

  • A salaried person should make an income of Rs 15,000 per month
  • A self-employed person should make a net profit of Rs 1,50,000 per annum.

Auto loan from Muthoot FinCorp can be prepaid at any time. You will only have to pay a nominal charge for this. There are no hidden charges involved when you opt for auto finance from Muthoot FinCorp. Contact 1800-102-1616 for details.

If you are looking to finance your automobile purchase make sure that:

  • Your credit report is up to date
  • Estimate how much EMI can you afford. As a rule of thumb EMIs should be less than 10% of your income.
  • Walk into any Muthoot FinCorp branch or apply online for your auto loan.

To find the nearest Muthoot FinCorp branch, use the Branch Locator provided here:

https://www.muthootfincorp.com/branch-locator

Select your state and district from the drop-down menu to find the list of branches near you.

For more details you can call us at 1800-102-1616

A home loan or a housing loan is money that an individual borrows with the express purpose of buying a home. The property acts as a collateral for the loan. The borrower has to repay the loan along with an agreed upon interest through monthly EMIs over a period of time i.e. the tenure of the loan.

A Muthoot Blue Home Loan comes with several benefits some of which are mentioned below:

  • Our loans range from Rs. 2 lacs to Rs. 30 lacs
  • We offer loan repayment tenures of up to 20 years
  • You can get loans from us for up to 80% of your property value
  • We cater to the housing requirement of customers in the middle and lower income group
  • We provide specialised home loans for the unorganised sector and help people turn their dreams of owning a home into reality

Muthoot FinCorp has provision for loan tenure starting from 3 to 20 years for home loans in India. You can have a loan value as low as 2 lakhs all the way to 30 lakhs. As housing finance uses the house purchased to secure the loan as collateral, the interest rate is lower than unsecured loans. Based on your income and comfort, you can opt for fixed or flexible repayment options.

Yes, as we offer flexible terms and conditions on our home loans giving you the flexibility to reduce the loan tenure. Please contact your nearest Muthoot FinCorp branch or call our customer care representative at 1800 102 1616 for more details.

If the home loan in India from Muthoot FinCorp was sanctioned at a floating or variable rate, you can foreclose it at no additional charges. In case a fixed rate housing finance, foreclosure from own sources attracts no charge, though if you decide to refinance the loan, you will have to pay 3% to 5% of the amount outstanding as foreclosure charges.

A borrower benefits immensely from a home loan and we share the major ones with you:

  • Owning a home is one of the biggest dreams of every individual irrespective of their age, income or location – and a home loan’s biggest benefit is that it helps the borrower fulfill this dream with easy installment options. They can buy a bigger home or a better locality with confidence.
  • Another additional benefit for the borrower is that there is no need to spend lacks of Rupees to buy and start living in a self-owned home. A home loan spreads the amount over several years, making it easy to repay the amount with interest.
  • Most borrowers benefit from the fact that the EMI for a home loan is equal to or slightly higher than the amount they pay as monthly rent to their landlord. A loan gives them the freedom to enjoy their home without any interference from the landlord
  • The price of a property will always increase with time and investing in one with a home loan will benefit the borrower.

We are bound by and follow KYC forms as per the regulator’s guidelines. You will be required to furnish documents for age, income, and address. The list of documents is given below:

PROOF OF RESIDENCE –  ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING: –

  • Ration Card
  • Passport
  • Driving Licence
  • Bank Account Statement
  • Voter’s ID Card Documents Required
  • Current Telephone / Electricity / Gas Bill / Water Bill / Property Tax

PROOF OF IDENTITY – ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:

  • Driving Licence
  • Driving Licence
  • Aadhar Card (UIDAI)
  • Letter confirming identity from a commercial bank
  • Employee ID Card if issued by Central / State Government undertaking
  • Voter’s ID Card
  • Pan Card
  • Income Documents SALARIED INDIVIDUAL
  • Salary Slip of last 3 months of Salary certificate issued by employer in absence of salary slip
  • Bank Statement for the last 12 months
  • ITR for last 2 years if available

Income Documents BUSINESS INDIVIDUAL Business ownership proof documents like license, rent agreement of shop etc.

  • Income documents like purchase bills, sales bills, sales register etc.
  • Bank statement for last 12 months
  • ITR for last 2 years if available

Health insurance provides coverage for the cost of any medical or surgical needs of the insured. You pay a small amount as premium and in return you are insured against medical costs you incur during illnesses, accidents and surgeries. Depending on the type of policy, the costs may either be reimbursed to you or paid directly to the service provider/ hospital (cashless facility).

The cost of medical care has been rising faster than the average inflation in the economy. The rising costs has taken quality healthcare in case of medical emergencies out of the reach of many. Health insurance makes it possible to pay for healthcare without burning a hole in your pocket. A policy ensures that you get the best healthcare without having to worry about the cost.

It is very easy to get health insurance from us for yourself and your family. You can contact us on the toll free number 1800 102 1616 or visit a Muthoot FinCorp branch near you. We offer the last mile presence, with over 3500 branches across India. Our customer care representatives will be happy to help you complete the process of getting the right health insurance for your needs.

If you cancel your health insurance policy during the free look period, you can get the premium reimbursed after operational charges are deducted. Please note refunds are not possible if you have made a claim against your medical health policy.

The aim of health insurance is to get the maximum cover possible and here are what you should look at:

  • Do you need the policy for an individual or are you interested in a group insurance policy?
  • What are the types of cover you require from the policy? You can choose between critical illness cover, maternity benefit, cancer cover, overseas medical and more.
  • Do you want to opt for cashless or reimbursement? Remember, cashless is always more convenient as the papers are sent by the hospitals to us and we bear the cost directly.
  • Are you looking for lower premiums – When choosing a medical insurance plan, you have to ensure you are getting the maximum cover possible. Ask our representative to discuss the various plans with you, to make an informed decision. Our plans are designed to meet regular doctor consultations and medical treatments to life-saving surgeries and operations.

Muthoot FinCorp ticks all the boxes of the right Medical Insurance Company. We offer you several benefits including a last mile presence in India, ease of getting insurance, quick processes for claim reimbursement and the highest cover possible for medical costs you are likely to incur. Compare the covers for the different policies we offer – individual health insurance, family floater plans, critical illness cover, maternity benefits, pre-existing diseases cover, senior citizen plans, overseas medical cover and more. Contact our customer care representative at 1800-102-1616 or visit a Muthoot FinCorp branch near you for more details.

Your health insurance claims can be rejected for multiple reasons, including:

  • Not declaring pre-existing illness
  • Making a claim for something excluded from coverage
  • Lack of correct information
  • Crossing the sub-limits
  • Failure to renew the health care insurance policy

To avoid rejection, make sure you have read through the policy terms and conditions or discuss them with our customer care executive. Also, ensure that you have shared your correct medical history with us at the time of purchasing the health insurance.

The eligibility criteria for a small business loan are simple. The loans are granted against hypothecation of business assets, equipment or stock in trade. So, the quantum of the loan depends on the value of the collateral.  Your small business should be in profit for you to qualify for the loan. If you opt for an EDI or Equated Daily Instalment, you can qualify for a loan of Rs 15,000- Rs 1,00,000. In the event of an EMI-based or Equated Monthly Instalment payment, you can avail a small business loan of Rs 1,00,000 to Rs 8,00,000.

The average loan tenure is about 18 months for an SME loan.  However based on your requirements, we provide option of 122 days under EDI scheme and from 12, 24 or 36 months for EMI. The exact tenure for your  loan for an SME will depend on the loan amount and the installment scheme you decide to opt.

The processing charges for an SME business loan is pegged at 2% of the loan amount you decide to avail. Applicable taxes are extra – please discuss this with your Muthoot FinCorp Customer Care Representative. The current tax regime is 18% GST for small business loans in India.

You can repay your Muthoot FinCorp SME loans in India in the following two ways:

EDI – You can choose to repay your loan in Equated Daily Installments if the loan is for Rs 15,000 to Rs 1,00,000. You do not have to step out of your workplace as we can facilitate doorstep collections.

EMI – The SME finance that ranges from Rs 1,00,000 to Rs 8,00,000 can be paid in Equated Monthly Installments. You can prepay the loan after 60 working days with no foreclosure charges. Our EMI schemes include EMI loan, Banking Surrogate Programme and Financial Income Based Programme.

Yes, you can prepay the entire amount of your small business loan. It can be foreclosed or paid in full after 60 days. You have to keep the small business loan going for at least 60 working days. No foreclosure charges are levied after 60 days.

Please visit your nearest Muthoot FinCorp branch to initiate the process of small business financing. You can visit our website and connect to our representative who will help you with the process. The branch locator on the website can also guide you to a branch near you. Or you can call us at 1800 102 1616 to know more.

Our fast approval and disbursal will help in enhancing working capital, buying stock and handling seasonal surges in business. Contact us at 1800 102 1616 or visit Muthoot FinCorp branch  near you to initiate a life-changing loan today.

You can take a second hand car loan for a tenure ranging from 12 to 60 months. You should be 21 years or above at the time of applying for the loan and within 65 years of age at the end of the tenure to avail used car finance. Please get in touch with our customer care helpline number (1800-102-1616) for further details.

It is easy to get a second hand car loan from us. All you need to do is apply online. Once you click on Apply Now, you will be asked to fill a form. The form will ask for your personal requirements and details. On completion of form-filling process, a company representative will connect with you. You can also walk into any of our branches to apply for used car loan financing.

It is a good idea to pay 20% of the Insurance Declared Value or IDV as a down payment for car loan for used cars. It may help you get a better interest rate, quicker approvals and the EMIs will be much lower. It is easier to own a used or second hand car with flexible finance options.

Yes, it is a good idea to buy a second hand car on finance. First, you can own the car you want, even a big car of your choice. Secondly, you can repay the loan amount in easy monthly instalments. Thirdly, a second hand car finance allows you to stay cash rich as you do not need to spend all your money in buying the car you dream of owning.

The documents needed to avail car loan for used carsare simple. When you want to initiate financing for a used car loan from Muthoot FinCorp, please keep the following documents ready:

  • Income proof- ITR or Form 16.
  • Address proof-Passport/ Aadhaar / voter Id card,/ driving license / utility bills/ ration card / LIC policy.
  • Identity proof- Passport/ Aadhaar card/ driving license/ PAN card/ Voter’s Id card
  • Asset proof – land/ house/ building tax receipt
  • The filled application form is required along with a passport size photograph.

We have a straightforward eligibility criteria to help you with a loan for used cars. The eligibility criteria to get a loan for a second hand car is: 

  • You should be an agriculturist/ self-employed person / salaried individual.
  • Your age should be 21 when you apply for the loan and below 65 when the tenure of the loan ends.
  • For salaried individuals, your minimum net salary should be Rs 15,000 per month.
  • For business people, your net business income should be Rs 1,50,000 per annum

A loan taken for buying a pre-owned or second-hand car is called a loan for a used car. 

You can apply for car loan for used carsonline or visit any one of our branches In Kerala to fill out the loan application.

When you give your gold jewellery to us, we give you some amount of money to meet your needs.

  • The gold jewellery you give us or pledge to us, is the collateral.
  • The money we give you is the loan.

Like every other loan, you will have to pay interest on the money or amount you take as a loan. The loan is given for a fixed amount of time, and you can pay the loan in EMI or repay the whole amount to get your gold back.

The gold items which can be used as collateral (give to us for safekeeping) are:

  • jewellery above 22 carats
  • ornaments such as chains, rings, bracelets, etc.

The gold you give us is stored safely in our lockers and storage units. Please be assured that strong safes with best-in-class security standards and electronic surveillance are used. Additionally, we insure your pledged gold to its full value.

The different components of a used car loan are:

  • The principal amount is the amount disbursed as loan.
  • The amount is disbursed for a set tenure or time.
  • You pay interest on the principal amount.
  • You repay the loan in EMIs or equated monthly instalments (principal amount and interest)

An affordable home loan is designed for the lower and middle-income groups who do not have access to finance from traditional banking institutions. Our loans vary between Rs 3-25 lakhs, which allows the lower strata of the society to own homes in the cities of their residence. Even the Government of India, under its “Housing for All” initiative, encourages people of different income brackets to own a home.

At Muthoot FinCorp, we make it easy to repay the loan with our extended repayment tenures. The minimum tenure we offer is of 3 years, while the maximum tenure is up to 20 years. It means, you can buy and celebrate your dream home with lower EMIs – this adds to the convenience of the home loan.

The interest rates that we at Muthoot Housing Finance Ltd. offer through our subsidiary MHFCL ranges from 12-19%. If you are looking for an affordable housing loan, you can be assured of getting competitive interest rates. We also preferential rates for the PMAY, and for EWS/LIG schemes of the State and Central Governments of India. The interest charged on the home loans is clearly mentioned in the loan agreement and the sanction letter.

Muthoot Housing Finance Ltd. makes the process of applying for a housing loan quick and efficient. You can fill in your details in the form provided, click submit and our customer care representative will get in touch as soon as possible. Alternatively, you can call our toll-free number 1800 102 1616 or visit your nearest Muthoot Housing Finance Ltd. branch and take the help of our customer care executive to help you complete the complete the home loan application process.

The lowest down payment you can make for getting a finance for your housing at Muthoot FinCorp is 20% of the value of the house. This makes our affordable home loan options a boon for the unorganised housing sector.

Home improvement loans are a line of credit extended for refurbishing a residential property. It’s a home loan variant providing credit for emergency repairs, extensions, flooring, roofing, plastering, plumbing, painting woodwork, or any other home repair or makeover job. The home loan for renovation is directly proportionate to the value of your property. Do remember, the loan amount will also take into account your repayment capacity.

A home improvement loan works in the same manner as a home loan. The major difference is that instead of buying a new home, you are using the loan amount for renovating the home you are staying in currently. You have to fill the application form, meet the eligibility, and provide the required documents to get a loan. The repayments are done in easy, flexible EMIs. Contact our customer care executive at 1800 102 1616 or walk into your nearest Muthoot FinCorp branch to understand how a home improvement loan works.

The tenure for home improvement loans may vary depending on the borrowed amount. At Muthoot FinCorp we offer flexible tenures, ranging from 3 to 20 years. It’s advisable to get an estimate for the home renovation job from vendors and workmen before applying – it will give you an exact idea of the total budget involved, and the loan amount needed.

Yes, home improvement loans are tax deductible under Section 24 of the Income Tax Act. The Act provisions tax relief for purchase and construction of a house along with repair and renovation. Please call our customer care executive at 1800 102 1616 or walk into your nearest Muthoot FinCorp branch to understand the deductibles and rebates applicable to you.

Home renovation costs vary as per the requirements. Muthoot FinCorp offers home improvement loans from 2 lakhs to 30 lakhs to meet all your repair and renovation need. We offer affordable interest rates and we do not charge any penalty or pre-payment fee. To know the exact amount you are eligible for, please contact our customer care executive at 1800 102 16161.

Muthoot FinCorp aims to make home improvement loans accessible to all. That’s why our eligibility criteria are simple. When taking a loan for home renovation, here are the criteria you are expected to fulfil:

Minimum Age at the time of application

21 years

Maximum age at the time of loan maturity

65 years

Citizenship

Indian

Status

Salaried or Self Employed

You need to have a bank account to avail the loan

There are several ways to get a loan against property in India from Muthoot FinCorp. But, first you must determine if you are meeting our eligibility criteria and have the required documents to avail the loan. You can then fill your details in the form provided and our customer care executive will get in touch with you as soon as possible. Otherwise, you can call our customer care directly at 1800 102 1616 or walk into the nearest Muthoot FinCorp branch to start the process of getting a loan. Please remember, you must be a resident of a city which has a Muthoot FinCorp branch to avail the loan. Further, the property should be self-occupied and all the owners must be co-applicant for the loan.

You can repay your loan against property instalment directly via a bank account. You can set up an auto-debit facility. Our customer care executives will be happy to help with any queries.

Generally, you cannot use the same property as collateral for two different loans. That said, you may be able to apply for a loan against property if the existing loan is near maturity, you have a good repayment capacity and the asset value is high. If you require more information, please feel free to contact our customer care representative at 1800 102 1616 or walk into your nearest Muthoot FinCorp branch.

The amount of loan that you can get against a property depends on:

  • The market value of the property
  • Your ability to repay the loan

At Muthoot FinCorp the loan against property can be for maximum of 50% of the value of the property. The maximum loan amount that can be sanctioned is Rs. 10,00,000.

You do not need any additional security or guarantors to avail loan against property, except for the asset you are pledging as collateral.

The following charges and fees are involved when availing a loan against property in India from Muthoot FinCorp:

  • Application fees: 0.5% of the amount applied for
  • Processing fees: 2.5% of the loan amount approved
  • Pre-payment fees: No fee is applicable if the loan is prepaid from own sources or if the loan had a floating rate of interest.

The above charges are subject to change as per Muthoot FinCorp policies. Please get in touch with a customer care executive at 1800 102 1616 or visit your nearest Muthoot FinCorp branch to know the charges applicable for your loan.

A new pan card application can be submitted either through at an authorized PAN center including Muthoot FinCorp branches.

Here are the steps you can follow:

  1. Visit your nearest Muthoot FinCorp branch and our customer care executive will help you download the correct form(Form 49A for Indian customers and form 49AA for NRI customers).
  2. Fill in all the details in the application form correctly. If you have any queries with regards to the form, feel free to take our help.
  3. Make sure you have all the required documents to submit your new PAN Card application.
  4. Our customer care executive will submit your PAN Card application form to Head Office.
  5. HO Executive will process your PAN Card application form online.

You can track your PAN card status at either the UTI portal https://www.trackpan.utiitsl.com/PANONLINE/#forward

You will have to provide the 10 digit coupon number (UTI) to find the status of your pan card application.

The documents required for a new PAN card application ( Form 49A) include:

The Aadhaar card is mandatory.

A proof of identity which could be:

  • Passport
  • Elector’s photo identity card
  • Driving license
  • Ration card
  • Arm’s licence
  • Pensioner card having photograph of applicant

A proof of address which could be:

  • Passport
  • Aadhar card
  • Elector’s photo identity card
  • Driving license
  • Passport of the spouse
  • Post office passbook
  • Latest tax assessment order
  • Domicile certificate issued by government (in copy)
  • Property registration document
  • Bank account statement not more than 3 months old ( in copy)
  • Certificate of address in original signed from gazetted officer.
  • Electricity bill or water bill or consumer gas connection card(in copy)

A proof of date of birth for Individuals and HUFs which could be:

  • Aadhaar card
  • Elector’s photo identity
  • Driving license
  • Passport
  • Matriculation certificate
  • Birth certificate
  • Pension payment order
  • Marriage certificate
  • Affidavit sworn before a magistrate stating the date of birth
  • Domicile certificate issued by government

The documents required for NRI new pan card application (Form 49AA) include:

A proof of identity which could be:

  • Passport
  • OCI card
  • PIO card

A proof of address which could be:

  • Passport
  • OCI card
  • PIO card
  • Bank account statement in the country of residence
  • NRE bank account statement in India
  • Certificate of residence or residential permit issued by state policy authority
  • A copy of Indian visa and an appointment letter or contract with an Indian company

You can visit your nearest Muthoot FinCorp branch and our customer care representative will take you through the process of getting as well as filling the new PAN card Application to complete the process. You can also collect the application form from us if you want to fill it later.

You can fill up the new PAN card application at Muthoot FinCorp branch and submit the form with us. We would assist you with all the details needed and get the PAN card issued at the earliest.

An incomplete Form 49Aand Form 49AA will not be accepted. Instead of trying to fill it yourself, it is better to take the help of a customer care executive to help you fill your new PAN card application form correctly in the first go, to eliminate the chances of rejection due to incomplete or incorrect application form submission.

Depending upon how you had submitted the new PAN card application, you will be able to track its status. If you had submitted the form online, visit the portal to track the status. If you had submitted you PAN card application form at a Muthoot FinCorp branch, visit your nearest branch and our customer care executive will share the update with you.

If you want to invest in a Mutual Fund in India, please visit your nearest Muthoot FinCorp branch or talk to our customer care representative at 1800 102 1616 to understand the process. We will help you fill in the physical or online application form correctly, and then submit it with the required documents to kickstart your investment.

The workings of Mutual Funds investment plans is very simple. A Mutual Funds investment company in India will analyse the performance of different companies and then take an informed decision on whether their shares, debentures, etc. are worth the investment. They create an investment portfolio with companies expected to perform well in the short and long term. As an investor, you invest in the Mutual Funds Investment portfolio, your investment is pooled with investment from other investors. Each investor is entitled to a percentage of shares. Investors are required to make an installment (usually annual) and see your investment grow with each passing year.

Your budget should decide the amount you invest in Mutual Funds investment plans in India. Additionally, your investment goals and tenure for which you want to invest will also affect the amount you invest. However, it is better to seek the help of our customer care executives who will help calculate the ideal investment amount for you.

It is very difficult to give an average return on Mutual Funds in India, as they are dependent on several factors such as the economy, inflation government policies and companies in which the SIP is investing. However, our team of experts factor in predictions and market conditions, and study the balance sheet of the companies online and otherwise, before including them in our Mutual Fund portfolio.

We have several Mutual Funds investment portfolios in India which are created after extensive study by our team of experts. Depending upon your investment goals and risk appetite, you can choose from several of our Mutual Funds investment plans. Please contact our customer care executive at 1800 102 1616 or visit the nearest Muthoot FinCorp branch and discuss with them the Mutual Fund Plans best suited to your requirement.

Motor insurance is insurance for your motor vehicle which could be a two-wheeler or four-wheeler. Typically, it refers to insurance of vehicles meant for personal as well as commercial usage It covers you against any damage that your motor vehicle such as a car or a bike or a scooter may sustain in a road mishap. Motor vehicle insurance also covers you against loss from vehicle theft or damages sustained due to natural or man-made calamity. It also includes a cover for third-party liability. In return you have to pay a small amount as premium.

First, it is mandatory to get at least a third-party motor insurance policy for all vehicles plying on Indian roads. You should also get motor insurance as a vehicle is a substantial investment and the insurance helps pay for any damages it may sustain. In case you sustain injuries in a road accident, the insurance also pays for hospitalization expenses. It also has a personal accident cover that provides compensation is case of disability or demise in a road accident involving your vehicle.

To renew your motor insurance policy, please contact our customer care executive at 1800 102 1616 or visit your nearest Muthoot FinCorp branch. Provide the details of your policy to us, and we will help you complete the process. If you would like to change the coverage or get add-on covers, let us know and we can help you with the changes you require. Our executives will ensure you are using your no claim bonus, if available, when renewing your motor insurance. The new quote will be generated for you based on the insured declared value, available discounts and add-on covers selected. Once the premium is paid, the process is completed.

Your motor insurance premium depends on:

  • Insured declared value (IDV)
  • Cubic capacity
  • Type of coverage
  • Geographic zone where the vehicle is registered
  • Security systems including anti-theft devices installed
  • Demographic profile of the owner-driver
  • Gross Vehicle Weight (GVW) of in case of commercial vehicles

In the event of an incident giving rise to a claim under the policy, the following steps should be taken,

In case of accidental damage to the vehicle:

  • Immediate intimation to the nearest office, which will issue a Claim Form.
  • Claim Form duly filled in to be submitted along with copy of Registration Certificate and driving license of the driver of the vehicle at the time of accident as also estimate of repairs.
  • Vehicle will be surveyed by a Surveyor, appointed by the insurance company, who shall submit his report to the company. In case of a major damage to the vehicle, a spot survey, at the site of accident, would also be arranged by the company.
  • Final bills/cash memos are to be submitted duly signed by the insured.
  • Salvage of the damaged parts may be required to be deposited with the insurance company after approval of the claim.

In case of theft of the vehicle:

  • Lodge an F.I.R. with the police immediately.
  • Inform the policy issuing office with a copy of FIR.
  • Submit the Final Police Report as soon as it is received.
  • Extend full cooperation to the surveyor and/or investigator appointed by the company.
  • After approval of the claim by the company, get the Registration Certificate transferred in the name of the company, hand over the keys of the vehicle, submit a letter of Subrogation and Indemnity on stamp paper duly notarized.

In case of liability claim:

  • Inform the insurance company immediately of any incident likely to give rise to liability claim.
  • On receipt of summons from Court, the same should be sent to the company immediately.
  • Claim Form duly filled in a long-with copies of Registration Certificate, Diving License, FIR are to be submitted.

The period of a motor insurance policy is the time period for which the policy will be in force. This is the duration for which the premium has to be paid upfront and the coverage is valid only till the end of the duration. You can purchase a motor insurance policy with a period of one year to five years, based on the coverage selected.

Changes to your motor insurance policy can only be done at the time of renewal. Please share the details you require changed with our customer care ree details as per your new requirements in the form provided when renewing your motor insurance.

Each nation has its own currency, and you wouldn’t be able to use Indian Rupee to indulge in any activities on foreign land. Therefore, you should get your currency converted to a target currency at a Forex currency exchange. Most foreign currency converters at your destination will only exchange to US Dollars. If such is the case, you should convert Indian Rupee to US Dollar at a foreign exchange and convert it to local currency at your destination.

Resident Indian can exchange Indian currency to a foreign currency at an exchange House before 60 days from the date of departure. You can keep currency equivalent to USD 3,000(exceptions available to certain countries). If you need more money, you must take it in the form of traveller’s cheque, travel card or bank draft.

An exchange rate is the cost that you will incur for converting one currency to another. The rate will tell you how many USD or Euro you will get in exchange for any amount in Indian Rupees or vice versa. So, if the exchange rate for USD1 is INR75, that means if you want to buy USD 100, you need INR7500. It also means, if someone sends you USD 100, you will receive INR 7500. The foreign (Forex) exchange rates change daily.

Resident Indian can carry foreign currency equivalent as cash when traveling abroad. The rest must be carried in the form of foreign demand drafts or a travel card. You can also use outward remittance to receive money when abroad, in case of an emergency (If offshore Bank A/c Available).

You can carry foreign currency when visiting India. If the value of the currency is higher than USD 5,000, it must be declared at the customs counter and has to Obtain CDF. Any amount greater that this should be converted at a forex currency exchange with CDF when entering India.

To convert to any foreign currency in excess of USD 200 at a foreign money exchange, a copy of your passport + Visa (NRIs/foreign visitors) or any other government issues photo ID and Address proof (Resident Indian). If the amount is above USD 5,000 in cash, you will have to provide a currency declaration form.

You can exchange foreign currency at your nearest Muthoot FinCorp branch. You can locate the branch nearest to you at https://www.muthootfincorp.com/branch-locator

Among the easiest ways to send or receive international money transfer is through Money Transfer Service Scheme (MTSS). This service is designed for remittances being sent to family members living in India or to foreign tourists visiting India. It ties up international fund transfer companies abroad with agent in India who can deliver funds to the beneficiary at the prevailing exchange rate.

Domestic money transfer means sending money within India. Using Domestic Money Remittance (DMR) Service, you can remit money to a bank account holder in another part of the country. Visit your nearest Muthoot FinCorp branch to understand how we can help you send money to beneficiary residing in India via our money transfer services.

Use our outward remittance services to transfer money abroad from India through cash (less than Rs. 50,000) or demand draft, payee cheques, and pay order. If you want to remit money to Nepal, you can remit it through Prabhu Money Transfer services. To know the maximum amount you can send abroad, please contact our customer care executive at 1800 102 1616.

You need to produce your valid Identity proof and account details to send money internationally via the Muthoot FinCorp Money Transfer services.

Apart from a nominal processing fee for outward remittance, we do not have any additional charges when you use our international money transfer services

Owning a home is a collective dream for a family, and you pour your (and your family’s) life savings to create this one asset. So, you need to protect it from the potential losses or damages that may occur because of events not in your control. In case of an unfortunate event including natural disasters, vandalism, burglary and possible third-party liability, the home insurance amount you are entitled to will help cover the cost.

You can use our home loan calculator to calculate the home insurance EMI you will pay for the tenure. The major factors affecting your EMI are the loan amount, applicable interest rate and loan tenure.

Follow the below steps to claim home insurance against any damage:

  • Call us at 1800 102 1616 and our customer care executive will take you through the process
  • In case of vandalism and theft, you are required to produce an FIR report

To get the claims, you should follow a few guidelines, such as If you need to make any temporary repairs, take photographs of the site before and after the repairs. Prepare a list of items lost/ damaged and keep all the receipts handy. An insurance adjuster will inspect your property to assess damage. Make sure you have read the terms of your home insurance policy and follow the process mentioned closely.

Getting the best rates on your home insurance is easy with Muthoot FinCorp. Some steps you can follow are:

  • Know the value of your home and possessions before your take the insurance
  • Choose insurance covers based on the area you live in and the risk assessment. For example, if you live in a land-locked area, the chances of a flood are low, and you may avoid the insurance cover. Our executives can help you with risk assessment.
  • Take insurance as per your requirements and opt for a deductible that you are comfortable with.

One of the most important features to lookout for when choosing a Home Insurance Policy is the cover provided. Cover is mostly extended for property and liabilities. Additionally, you should look for simplified processes that make it easy for you to apply for, and get, the loan. Muthoot FinCorp works on the God-given values of trust and transparency to ensure your policy suits your requirements.

When you buy a home insurance you pay a certain amount of money to get a protective cover against any loss and damage you may suffer in case of an accident, a natural calamity or theft. The money you pay to the insurance company is called the premium.

The cover provided by a Home insurance policy is very important. You can get extensive coverage options including damages caused the structure of the home, electrical items and other possessions in the home. Some policies will also cover the cost of alternative accommodation if your home is not fit for use as well as liability cover for any incidents or third party medical costs for incidents that happen on your property.

Please contact us at 1800 1012 1616 or visit your nearest Muthoot FinCorp branch to know the cover you will get with your home insurance policy.

You can buy gold jewellery on EMI through Swarnavarsham Gold Jewellery scheme from Muthoot FinCorp’s sister concern, Muthoot Exim. The scheme allows you to purchase gold jewellery hallmarked with 916/995 purity including chains, bangles, rings, pendants and earrings. You will have to pay a nominal margin money to buy gold on EMI. The rest can be paid in instalments of 3, 6 or 9 months. You can buy gold jewellery on installments at any of the Muthoot Blue branches.

You can buy silvers bars on EMI at Muthoot FinCorp through our sister concern Muthoot Exim. Visit the nearest Muthoot FinCorp branch near you, and our customer care executive will help you complete the process of buying the silver bars on EMI.

Before buying gold jewellery on installments you should check the following:

  • Cost per gram of the gold
  • Level of purity of gold you are purchasing
  • The jewellery should carry genuine bureau of Indian standard certificate
  • Other charges like making charges involved

Gold loan interest rate calculator gives you an estimate of the interest rate and tenure you will be eligible based on your loan requirement. With this, you can view the various interest rate and tenure on the EMIs, and choose the combination you would be able to repay with ease. Use our gold loan interest calculator as many times as you want to make an informed decision.

Gold loan interest rate calculator estimates the rate based on multiple criteria. These include:

  • The region you are based in
  • The amount of loan requested

This will provide you with

  • The tenure options for the loan
  • The interest options for the loan

Though you can use our Gold Loan calculator to calculate the EMI, you will require to submit a certain documents availing a gold loan on EMI:

  • Original proof of identification. Any of the following are acceptable:
  • Passport
  • Govt of India election ID card with address proof
  • PAN card and address proof
  • Driver’s licence
  • Any Govt departmental ID card
  • We are bound by and follow KYC norms as per the regulator’s guidelines

Please call our customer care representative at 1800 102 1616 or visit your nearest Muthoot FinCorp branch to know more.

A Muthoot FinCorp Forex travel card is a prepaid card that can be used to make payments in a foreign currency of your choice. It functions in the same way as a debit card – you could swipe it on the checkout counters or use it at an ATM to withdraw cash in foreign currency selected. We issue prepaid travel cards to people traveling abroad for pleasure, business, higher studies, medical and other reasons.

Using foreign travel card you would make payments in foreign currency only. You can use it to make purchases online in India only if you need to make a payment in the selected foreign currency. For example, you can use the international travel card to pay for booking your international hotel online from India which accepts a foreign currency. On the other hand, you cannot use to make payments in the local currency.

We offer 2 years validity periods on our prepaid Forex cards. Before the validity comes to an end, you can load the card multiple times, as per the RBI and other regulatory body guidelines. Indian laws prohibit holding monies in foreign currency for individuals and you should encash any unused amount on returning to India even if the travel card has a longer validity.

Muthoot FinCorp offers Renewal Prepaid Cards, which means you do not have to buy a new prepaid Forex travel card if you are travelling within the validity period – all you have to do is load the card as per your requirement and RBI regulations. When the validity ends, and you need to travel internationally, you can Renew new card.

Yes, Muthoot FinCorp offers the flexibility to load multiple foreign currencies in a single Forex card. It allows you to travel conveniently to different countries without worrying about exchange rates. Call our customer care representative at 18001 012 1616 or walk into your nearest Muthoot FinCorp branch to get the card.

Immediately call our customer care representative at 1800 102 1616 if you lose your Forex travel card when travelling abroad. Our representatives will help cancel the card and issue another one. The duplicate or new card is issued immediately and you can continue your trip without hassles.

Insurance is a contract between you and an insurance company – the contract is represented by a policy. As per an insurance policy, financial protection is provided in the form of reimbursement if there is loss or damage to the insured person, entity or thing.

The workings of an insurance are very simple – you pay a premium to insure life or other things. If there is loss or damage, you get paid as per the terms of your insurance policy.

You can insure your life, home, property, business, expensive antiques, paintings, and any other asset.

The premiums are affordable and based on the value of the asset that is being insured.

Premiums are usually paid annually – once a year.

The provision to provide small loans to small ticket borrowers is called Microfinance. The aim of a Microfinance company is to provide access to reliable and affordable financial services to the poor, especially to women and the economically weaker section of the society. It is the only meaningful way to eradicate poverty and help create a powerful economic and social effects. The scope for Microfinance in India is huge and can help kickstart the economy and provide entrepreneurial opportunities and employment for millions.

You can avail microfinance or microloans from Muthoot Microfin Limited, the subsidiary of Muthoot FinCorp ltd. It offers microfinance solutions to propel sustainable growth and alleviate poverty by providing them with the means to access business opportunities. Loans under its Livelihood Solutions include income-generating loans, dairy loans and sewing machine loans which are targeted towards rural women. Water purifier loans and other life better solutions are targeted towards people living in rural and urban localities. You can call us at 1800 102 1616 for more details.

A complete KYC process is required to take a microfinance loan. For this, you will have to present proof of identity and address. An AADHAR card can be used for both. Other documents needed for microfinance in India will vary with the product or service provided.

Microfinance has been recognised as one of the most effective tools for poverty alleviation and for women empowerment. The idea is simple – provide small and microloans to marginalised groups and help them become self-sufficient through entrepreneurial activities. Multiple studies show that rather than one-time access to capital, multiple access to microcredit can help people earn a steady and sustainable income.

The marginalised sections and people with low incomes traditionally do not access to banks due to a myriad of reasons. They fear rejection due to non-availability of documents and previous financial records. As such, they are left to rely on local money-lenders who charge an obnoxiously high-interest rate. Microfinance loans from Muthoot FinCorp (via its subsidiary, Muthoot Microfin Ltd.) is an effective way to bridge the gap. It provides access to credit for business and other needs at comparatively lower rates, with shorter and quicker processes.

Key benefits of microfinance in India include:

  • Access to credit for the marginalised sections of the society
  • Enables access to education and healthcare for people who do not have access and/or affordability
  • Improves income and nutrition for families, especially women
  • Smaller loans do not burden the individual and family and repayment is in easy installments
  • An entrepreneur once successful will hire others, and it will lead to job and wealth creation
  • Significant economic gains for the nation as a whole

Please call us at 1800 102 1616 to apply for a microfinance loan today.

A home loan or a housing loan is money that an individual borrows with the express purpose of buying a home. The property acts as a collateral for the loan. The borrower has to repay the loan along with an agreed upon interest through monthly EMIs over a period of time i.e. the tenure of the loan.

A Muthoot Blue Home Loan comes with several benefits some of which are mentioned below:

  • Our loans range from Rs. 2 lacs to Rs. 30 lacs
  • We offer loan repayment tenures of up to 20 years
  • You can get loans from us for up to 80% of your property value
  • We cater to the housing requirement of customers in the middle and lower income group
  • We provide specialised home loans for the unorganised sector and help people turn their dreams of owning a home into reality

Muthoot FinCorp has provision for loan tenure upto 20 years for home loans in India. You can have a loan value as low as 3 lakhs all the way to 40 lakhs. As housing finance uses the house purchased to secure the loan as collateral, the interest rate is lower than unsecured loans. Based on your income and comfort, you can opt for fixed or flexible repayment options.

Yes, as we offer flexible terms and conditions on our home loans giving you the flexibility to reduce the loan tenure. Please contact your nearest Muthoot FinCorp branch or call our customer care representative at 1800 102 1616 for more details.

If the home loan in India from Muthoot FinCorp was sanctioned at a floating or variable rate, you can foreclose it at no additional charges. In case a fixed rate housing finance, foreclosure from own sources attracts no charge, though if you decide to refinance the loan, you will have to pay 3% to 5% of the amount outstanding as foreclosure charges.

We are bound by and follow KYC forms as per the regulator’s guidelines. You will be required to furnish documents for age, income, and address. The list of documents is given below:

  • PROOF OF RESIDENCE – ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:
    Ration Card
    Passport
    Driving Licence
    Bank Account Statement
    Voter’s ID Card
  • Documents Required
    Current Telephone / Electricity / Gas Bill / Water Bill / Property Tax
  • PROOF OF IDENTITY – ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:
    Passport Driving Licence Aadhar Card (UIDAI) Letter confirming identity from a commercial bank Employee ID Card if issued by Central / State Government undertaking Voter’s ID Card Pan Card
  • Income Documents SALARIED INDIVIDUAL
    Salary Slip of last 3 months of Salary certificate issued by employer in absence of salary slip Bank Statement for the last 12 months ITR for last 2 years if available
  • Income Documents BUSINESS INDIVIDUAL
    Business ownership proof documents like license, rent agreement of shop etc. Income documents like purchase bills, sales bills, sales register etc. Bank statement for last 12 months ITR for last 2 years if available

A borrower benefits immensely from a home loan and we share the major ones with you:

  • Owning a home is one of the biggest dreams of every individual irrespective of their age, income or location – and a home loan’s biggest benefit is that it helps the borrower fulfill this dream with easy installment options. They can buy a bigger home or a better locality with confidence.
  • Another additional benefit for the borrower is that there is no need to spend lacks of Rupees to buy and start living in a self-owned home. A home loan spreads the amount over several years, making it easy to repay the amount with interest.
  • Most borrowers benefit from the fact that the EMI for a home loan is equal to or slightly higher than the amount they pay as monthly rent to their landlord. A loan gives them the freedom to enjoy their home without any interference from the landlord
  • The price of a property will always increase with time and investing in one with a home loan will benefit the borrower.

A life insurance policy is a contract between a life insurance company and an insured, wherein the company promises to pay a sum of money to the insured, in case of maturity of policy or to a named beneficiary in case of the death of the insured. This is done in consideration of premium paid by the insured.

As a thumb rule, your life insurance policy must be for at least ten times your annual income. A more accurate way is to estimate your financial obligations and get an insurance cover for that amount. Your financial obligations may Include any debts you need to repay, the expenses for your dependents, expenses on the education of your kids, etc. Our customer service executives can guide you calculate the right amount with the support of our sister company- MRIBS.

Life insurance in India works in the following manner:

1. Insured pays a premium to a life insurance company to purchase a life insurance policy
2. The insured is paid the maturity benefit, in case the insured survives the policy term and the beneficiary is paid the death benefit in the event of loss of life of insured, during the policy term.

Your family depends on you for fulfilling their dreams. If you are the sole breadwinner in the family, they depend on you for their daily expenses as well. A life insurance policy ensures, the family maintain the same standard of living and can pursue their dreams even in your absence.

The cost of life insurance policy depends on the sum assured opted by you. It also depends on your age, profession and health status.

The premium paid for maintaining a life insurance policy is tax deductible under section 80C of the Income Tax Act 1961.This deduction is capped at 10% of sum assured for policies issued after 31 March, 2012. For policies issued before this date, the cap is at 20%. Further, if the insured is disabled under section 80U or has a disease referred in Section 80DDB, then the cap on deduction is increased by 5%. Death benefit is tax exempted under Section 10 (10D).

You can directly approach our customer service executive by visiting your nearest Muthoot FinCorp branch.
They will help you choose the right life insurance policy based on your needs.
We are a trusted company with decades of experience, and will offer you transparent services with the help of our sister company MRIBS

There are three ways of begin enjoying our services on WhatsApp:

  • Give a missed call on 02248926600.
  • Click here if you are accessing this website from your phone.
  • Save 7034021616 on your mobile and send ‘Hi’ on this number from WhatsApp.
  • Enter your number in the space give in top banner.

However, by starting a conversation on this number, it would mean that you are agreeing to the Terms & Conditions of using WhatsApp services of Muthoot FinCorp.

Yes, WhatsApp is safe. All messages are secured with end to end encryption. Your information is not shared with anyone. You do not need to enter any confidential information such as PIN or password on WhatsApp.

There are no service charges for using this service. However, internet charges will be applicable as per your data plan with the telecom service provider.

Yes, you can use to ask queries related to offerings, and branches through WhatsApp Banking. All you need to do is add the number 7034021616 to your contacts and start a conversation by saying “Hi”. Or, by giving a miss call on XXXXXXX.

Yes, you can always subscribe again for Muthoot FinCorp Ltd WhatsApp Service, by sending ‘Hi’ to 7034021616 or by giving a missed call to xxxxxxxxxx.

The best way to transfer money from India to Nepal is through Muthoot Fincorp’s Indo Nepal Money Transfer service. We accept all forms of payments including cash (up to Rs 50000), demand draft, payee cheque, or pay the order. We also initiate account to account transfers from India to Nepal. You can make up to 12 remittances in a year from India to Nepal.

The cheapest way to transfer money to Nepal from India is through Muthoot Fincorp’s Indo Nepal Money Transfer service. We charge a nominal processing fee for every transaction you make, sending funds across Nepal quickly and efficiently. 

Yes, you can transfer money from India to Nepal through Muthoot Fincorp Indo Nepal Money Transfer service. We ensure you get the best rate for your money when sending your funds across Nepal. However, there are processing charges and conversion differences which you should account for when opting for this service.

Muthoot Fincorp charges a nominal fee to transfer your money to Nepal to your loved ones. You can visit your nearest Muthoot Fincorp branch or call us at 1800 102 1616 to know more.

The money can be received by the beneficiary in maximum 5 hours of completion of the transaction.

Muthoot Fincorp offers you a quick and convenient way to transfer money to Nepal without any hassle. You can simply visit our branch, complete formalities, and transfer the money within minutes. We accept all forms of payments including cash, cheque, demand draft, and pay order. We also offer direct account to account transfer to Nepal. Through our association with Prabhu Money Transfer Pvt. Ltd– India (PMT) you can send money across 10,000+ channels in Nepal. 

The rate of interest is calculated based on the chosen scheme, the value of gold and the eligibility.

You can also visit the nearest Muthoot FinCorp branch to find out the interest rate applicable based on the chosen gold loan scheme.

Muthoot FinCorp’s Gold Loan Interest Rate is decided by factoring in the following:

  • The region where you are availing the gold loan
  • The amount of loan requested against the gold

You can visit the nearest Muthoot FinCorp branch or call us at 1800 102 1616 for more information

Compare the interest rates of our various gold loan schemes using the Muthoot Gold Loan Calculator. Upon furnishing basic information, the calculator populates a comprehensive table. This table displays the tenure and interest rates offered by our schemes. Compare the interest rates and choose the scheme with offers the lowest gold loan interest rate.

 

Any individual between the age of 18 to 65 is eligible to avail a Gold Loan from Muthoot FinCorp. The amount of funds are decided based on the purity of the gold, its weight and the current market rate of Gold in that city.

Each NBFC has a certain minimum criteria that needs to be met by a customer to avail Loan Against Gold. At Muthoot FinCorp, the criteria is as follows:

  • Age: 18-65 years
  • Purity of Gold: 18 to 24 k
  • Maximum loan amount: 50 lakh

The processing fee charged by Muthoot FinCorp for availing loan against gold varies from 0.25% to 1% of the loan value. You can speak to our customer service representative or visit your nearest Muthoot FinCorp branch to get more information.

Here are the documents required:

  1. Identity proof: Any one of the following – PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
  2. Address proof: Any one of the following: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement

No income documents are required to avail Muthoot FinCorp’s Gold Loan. The gold that you hand over in return for the loan acts as a collateral.

You can submit the documents along with your application form to the nearest Muthoot FinCorp branch. Take your gold along with the documents and take home funds in a single visit. Our customer service representative will walk you through each step for utmost convenience.

Muthoot FinCorp offers instant disbursement of funds. You can apply for a Gold Loan, submit the documents, get your gold verified and evaluated, and take home the loan amount in one visit.

To know all about Muthoot FinCorp Gold Loan schemes, all us at 1800 102 1616.

Muthoot FinCorp offers a loan up to 50% of the value of the property you pledge against the loan up to a maximum of Rs 10,00,000. This percentage is known as the loan-to-value ratio. This ratio varies upon the eligibility of the borrower. If you have a lower eligibility, the loan-to-value ratio will decrease. So, ensure that you meet all the eligibility conditions to get the maximum loan amount approved. You can call our customer care centre to 1800 102 1616 to find out about your eligibility.

Here are the loan against property documents required at the time of application:

  • Address Proof 
  • Identity Proof 
  • Proof of Ownership of Residence: 
  1. Property Documents – Original sale deed/Possession letter/NOC from Society
  2. Maintenance Bill/Electricility Bill
  • Bank statement: Last six months statement of salary account 
  • Pre-existing loans: In case of any existing loan, you are required to submit the sanction letter and the record of payments made.
  • Investment proof (if any)
  • Advance processing cheque
  • Proof of profession (for salaried professionals)
  • Proof of business (for self-employed persons)
  • Proof of Income 

Yes, CIBIL score is a requirement for the Muthoot FinCorp loan against property eligibility. In a nutshell, your CIBIL score is an indicator of your creditworthiness. A good credit score improves your eligibility which in turn allows you to apply for a higher loan amount and gets your loan approved quickly.

For a loan against property eligibility, the main factors which are incorporated in the calculation are the following:

  1. Your repayment capacity
  2. Your debt-to-income ratio
  3. The value of the property
  4. Your credit history, CIBIL score and CIBIL report
  5. The tenure of the loan

If you are not meeting the eligibility requirements set by Muthoot FinCorp, you can apply with a co-applicant to improve your eligibility.

Muthoot FinCorp offers you quick and hassle-free loans against property. The entire process takes the minimum time required to verify your eligibility and loan against property documents. If all goes well, the amount is sanctioned within hours of approval.

The interest rate depends on various factors. It will vary according to loan amount, tenure and eligibility. You can get in touch with our customers care representative at 1800 102 1616 for more details.

Any salaried or self-employed person between the age of 21-65 years is eligible for a loan against property. You must note that all the owners of the property must be co-applicants of the loan. 

Please note you need to be a resident in a city with a Muthoot Fincorp Ltd to avail a loan. 

 

Yes, Muthoot Fincorp charges a minimal amount as an application and processing fee towards your loan. They are as follows:

  • Application fees: 0.5% of the amount applied for
  • Processing fees: 2.5% of the loan amount approved
  • Pre-payment fees: No fee is applicable if the loan is prepaid from your own sources or if the loan has a floating rate of interest.

The above charges are subject to change as per Muthoot Fincorp policies. 

Muthoot Fincorp allows you to get a loan of up to 50% value of the property. The maximum amount that you can avail is Rs 10,00,000. The amount depends on your eligibility. You can check our loan against property eligibility calculator to know the amount you can borrow.

 

Any property wholly owned by you and not under any existing mortgage or legal activity, can be mortgaged for loan against property. The property types are:

  1. Residential Property
  2. Commercial Property

If there are multiple owners of the property, all of them need to sign as a co-applicant as a loan against property eligibility.

Muthoot FinCorp requires the applicant to be a minimum of 21 years of age during application and 65 years of age at the time of maturity. If you are nearing your retirement, your loan against property eligibility may be low due to a higher risk of missed payments or defaulting. 

You can check your eligibility amount through Muthoot FinCorp’s loan against property eligibility calculator.

There is no minimum income criteria for a loan against property eligibility. However, your repayment capacity is assessed through your income. So, if you have a lower income, the amount you will be eligible for, as a loan against property, will be lower. 

Muthoot Fincorp offers a 50% loan-to-value ratio on a loan against property. The maximum amount you can get is Rs 10,00,000. You can avail the maximum amount on meeting the eligibility. Please use our loan against property eligibility calculator to know your eligibility.

Muthoot FinCorp levies a minimal charge of Rs 20 to 0.25% of the loan amount as processing fees. This amount also has an upper limit and varies from scheme to scheme.

Here are the documents you need to avail Muthoot FinCorp’s bike loan:
Valid Identification (Any one): Aadhar Card / Voters ID Card / Passport / Driving License / PAN Card
Valid Address Proof (Any one): Identification documents can also be used / Ration Card / LIC Policy
Income Proof (Any one): Bank Statement / ITR / Salary Slips / Form 16
Asset Proof: Documents of self-owned property as Asset Proof for processing your two-wheeler finance
Photograph: A recent passport size photograph

There are two ways through which you can pay your Muthoot FinCorp two-wheeler loan EMIs:

  • Muthoot FinCorp’s payment page: Log on to https://www.muthootepay.com/ and fill in your details. The website will guide you to the EMI payment page. You can pay through this portal with a debit card/credit card/netbanking or UPI.
  • Muthoot Capital App: Download the Muthoot Capital App on your smartphone and pay the EMIs on-the-go. Get queries answered and stay updated on the loan through the app too.

Here are a few ways to reduce your two-wheeler loan EMI. 

  1. Choose a longer tenure: A longer tenure will stretch the total cost over a greater number of EMIs, reducing the monthly amount. 
  2. Choose a smaller principal amount: Your principal is the main deciding factor for the EMI. A smaller principal amount means smaller EMI payments.

Yes, the loan tenure affects the EMI. A longer tenure will reduce the EMI amount as the total cost will be divided by a greater number. A shorter tenure increased the EMI amount significantly.

Please note that a longer tenure may increase the rate of interest and add to the cost of the loan. 

Here are the required documents for bike loan you need to avail:

Valid Identification (Any one): Aadhar Card / Voters ID Card / Passport / Driving License / PAN Card

Valid Address Proof (Any one): Identification documents can also be used / Ration Card / LIC Policy

Income Proof (Any one): Bank Statement / ITR / Salary Slips / Form 16

Asset Proof: Documents of self-owned property as Asset Proof for processing your two-wheeler finance

Photograph: A recent passport size photograph

There are two ways through which you can pay your Muthoot FinCorp two-wheeler loan EMIs:

  • Muthoot FinCorp’s payment page: Log on to https://www.muthootepay.com/ and fill in your details. The website will guide you to the EMI payment page. You can pay through this portal with a debit card/credit card/netbanking or UPI.
  • Muthoot Capital App: Download the Muthoot Capital App on your smartphone and pay the EMIs on-the-go. Get queries answered and stay updated on the loan through the app too.

Here are a few ways to reduce your two-wheeler loan EMI. 

  1. Choose a longer tenure: A longer tenure will stretch the total cost over a greater number of EMIs, reducing the monthly amount. 
  2. Choose a smaller principal amount: Your principal is the main deciding factor for the EMI. A smaller principal amount means smaller EMI payments.

Yes, the loan tenure affects the EMI. A longer tenure will reduce the EMI amount as the total cost will be divided by a greater number. A shorter tenure increased the EMI amount significantly.

Please note that a longer tenure may increase the rate of interest and add to the cost of the loan. 

Muthoot FinCorp ensures that your two-wheeler loan is cost-effective and convenient. We only ask for a nominal fee for the processing of the loan which is between 0.5-5% of the loan amount. This fee is only applicable during the application of the loan.

Our 2 wheeler interest rates start at 0.99%* per annum. The interest rate for each loan differs from another since it is primarily based on the principal amount and the eligibility of the borrower. 

Here are the factors that affect the two wheeler loan interest rate:

  • Borrower’s eligibility: Muthoot FinCorp’s two-wheeler loans start from 0.99%* per annum. The interest rate on each loan is decided by assessing the eligibility of the applicant. 
  • Principal amount: The principal amount is one of the prime factors for calculating the interest rate on the two-wheeler loan. As the loan amount increases, the interest rate rises and vice versa.

Compare the interest rates of our various two-wheeler loans using the Muthoot Two-wheeler loan EMI calculator. Upon furnishing basic information this calculator populates a comprehensive table. 

This table displays the tenure and interest rates offered by our schemes, based on your provided information. Compare the interest rates and choose the scheme with offers the lowest two-wheeler loan interest rate.

The applicant is only required to pay the application and processing fee when taking a two-wheeler loan at Muthoot FinCorp. The processing fee is calculated at 0.5-5% of the loan amount. All such information will be intimated to the applicant by our representative.

Visit your nearest Muthoot FinCorp branch or call us at 1800 102 1616 for further details.

Muthoot FinCorp’s used car loan EMI calculator offers the following benefits:

  • Get quick and accurate results every time
  • Plan your loan without any hassles of manual calculations
  • It is free with an intuitive design to offering the best loan experience

The second-hand car loan calculator determines the EMIs and total cost of the loan based on the principal amount, tenure and interest rate. The calculator instantly populates the amount for EMIs and the repayment schedule depending on your inputs.

Lowest EMI does not mean that the total cost of the used car loan is low. The EMI can be low due to low principal amount or a longer tenure. Instead of looking for a loan with the lowest EMI, look for a lender offering the lowest total cost of the loan. You can use the second-hand car loan calculator to determine the EMIs and cost towards the loan by filling in the required details.

An EMI calculator computes results based on the principal amount, tenure and interest rate chosen by the borrower. Any change in any of the variables leads to a direct and instant change in the EMIs and total cost of the loan. A borrower can compare the differences in the results by changing the interest rate variable on the used car loan EMI calculator.

A used car loan EMI calculator might not help in calculating the down payment. But it will determine the EMIs and total cost of the loan after removing the down payment from the principal amount. 

There will be a remarkable reduction in the EMIs and the total cost of the loan. You may also get a better interest rate with a quicker approval if you make a significant down payment on the used car loan.

Used car loan interest rate at Muthoot FinCorp start at 8.99%* per annum. The interest rate applicable to the loan will depend upon the used car loan scheme and the borrower’s profile.

You can lower the used car interest rate by making a larger down payment on the loan. Borrowing a larger principal amount leads to a hike in the interest rate. A bigger down payment will lower the principal amount, subsequently reducing the interest rate. You may also receive additional rebate on the interest rate if you have a good credit score.

 

The lowest used car loan interest rate offered by Muthoot FinCorp is 8.99% per annum. However, this rate depends on the scheme, borrower’s income profile, credit history, LDV of the used car, etc.

Call us at 1800 102 1616 for more information.

The lowest used car loan interest rate offered by Muthoot FinCorp is 8.99% per annum. However, this rate depends on the scheme, borrower’s income profile, credit history, LDV of the used car, etc.

Call us at 1800 102 1616 for more information.

In comparison to loans on new cars, the interest rates on second hand car loans are slightly higher. This is because the car, due to its age, may require more services and becomes a bigger liability than a brand-new car.

Whether a fixed or reducing used car loan interest rate is suitable depends on certain factors. Keep your current income, your future income, any upcoming large expenses and prediction of future rates in mind to make an informed decision.

Call our representative at 1800 102 1616 or visit your nearest Muthoot FinCorp branch for further guidance.

There are various factors that can impact your home loan interest rate. These include: 

  • Home Location: Depending on the state of residence in India, the rate of interest on your home loan may vary.
  • Home Loan Amount: Your Home Loan amount has a direct impact on the interest rate. 
  • Loan Tenure: The loan tenure will affect the loan interest rate. 
  • Type of Interest: Fixed interest rates are typically higher than floating rates of interest.

Loan Type: Rates of interest may differ depending on the category of home loan you choose to avail.

 Muthoot Fincorp offers a range of innovative housing loan products with interest rates varying between 12% and 18%. However, the actual or current rate of interest on the home loan will be different for individual applicants depending on a variety of factors. Other than the profile of the borrower, Muthoot Fincorp will take into consideration the applicant’s credit score and financial status, eligibility, documentation, loan amount and repayment tenure requested to arrive at a decision on the home loan interest rate.

 

The best way to get the lowest home loan interest rates is by carrying out a comparative analysis on a select list of home loan products offered by Muthoot Fincorp. You have the advantage of gaining in-depth knowledge on several home loan products, the features and benefits that they offer, the interest rates and repayment tenures available in general. Most importantly, you may use the online EMI calculator available to find out the probable EMIs that you may end up with on these Muthoot home loan products.  

Muthoot Fincorp offers loans with one of the lowest home loan interest rates in India. The home loan interest rate scheme offered by Muthoot Fincorp is linked to the Retail Prime Lending Rate, popularly known as RPLR. Other than this, the scheme takes into account the type of loan and the amount availed. Typically, the Muthoot home loan varies between 12% and 18% which can be a fixed or floating. 

You may reduce the home loan interest rate in the following ways:

  • Opt for a shorter repayment tenure that cuts down on your monthly instalment amounts
  • Compare interest rates online and choose a product that combines affordability with your requirements
  • Consider increasing the amount of your down payment
  • Select a higher EMI amount that repays your home loan interest at a faster rate
  • Think of transferring your home loan balance to a more competitive service provider with a better interest rate
  • If you have the money, go for a prepayment or foreclosure of your home loan

You may compare your Muthoot home loans by taking into account the following parameters:

  • Type of interest rates, that is, whether you want to go with a fixed or variable rate of interest on the home loan
  • Compare other fees and charges applicable on various home loan products
  • Find out if you have the option to pre-close the home loan and if there are any fees or charges associated with the same

To check the status of your Muthoot bike loan, go to the Muthoot FinCorp website, enter your loan account number and mobile number, and then click proceed.

A 2 wheeler loan allows you to buy a bike of your choice at a low-interest rate with monthly EMIs that don’t break the bank.

Muthoot FinCorp is the best bike finance company because it offers loans ranging up to 100% of your bike’s on-road price at very low rates.

You can use our website’s loan EMI calculator to calculate your monthly EMIs, which will be determined by the loan amount and tenure you select.

The following is the list of documents whose copies you will need to submit while applying for your bike loan:

Salaried Person:

  • ID Proof: Passport/Photo credit Card/Pan Card /Driver’s License /Voter’s ID/Aadhaar Card/ Identity card with applicant’s photograph issued by Central/State Government Departments, PSU.
  • Two recent passport size photographs
  • Address Proof: Passport/Driver’s License /Voter’s ID/Utility Bill/Aadhaar card/Bank account or Post Office savings bank account statement. It should be computerized documents issued by PSU, Pvt Sector, or MNC Banks only. / Property or Municipal Tax receipt; Address proof in the name of the applicant’s spouse or parents name is acceptable
  • Last 3 month’s salary slips/ Form 16/Latest ITR
  • Last 3 month’s bank statement is mandatory

 

Self Employed:

  • ID Proof: Passport /Pan Card/Driver’s License/Voter’s ID/Aadhaar Card
  • Two recent passport size photographs
  • Address Proof: Passport/Driver’s License /Voter’s ID/Utility Bill/Aadhaar card/Bank account or Post Office savings bank account statement. It should be computerized documents issued by PSU, Pvt Sector, or MNC Banks only. (All banks except corporation bank)/  Property or Municipal Tax receipt; Address proof in the name of the applicant’s spouse or parents name is acceptable
  • Latest Income Tax Return (ITR)
  • Last 3 month’s bank statement is mandatory

 

For a Gold Loan, Muthoot FinCorp holds your gold as collateral for the duration of the loan. You will be charged interest on the loan, and once you repay the entire loan, we will return your jewelry to you. You can expect to get gold finance with a maximum loan to value ratio of 75% of the gold’s current market price. So if you mortgage gold worth ₹ 100,000; the most you can get is ₹ 75,000.

  • You can easily apply for an online gold loan by securing your gold ornaments at a Muthoot FinCorp branch near you. The next step is to sign up for the Online Gold Loan Service and link your savings bank account. You can now use our mobile app or website to have the loan amount credited to your bank account at any time.

Simply visit our website or use the app to log in. Click on Gold Loan, and then on the account number that needs to be renewed. Now, select the ‘Renew my account’ option. This will raise a service request and the SR ID will be displayed. You will receive a notification when your Gold loan has been renewed.

As stated above, the maximum loan to value ratio is 80% of the gold ornament’s current market price, which changes everyday. Speak to our representative to find out the current market price and the loan amount available to you. 

In simple words, a LAP EMI calculator calculates the amount borrowers pay as monthly instalments and the total cost towards the loan taken against property. Use the calculator to decide a principal amount and tenure for the loan that you can pay comfortably.

The loan Against Property EMI Calculator is designed considering three factors — the principal amount you plan to borrow, the rate of interest, and the loan tenure. 

 The LAP EMI calculator has sliders for all the above factors that you can move freely to see the EMI amount changing in real-time. Move the sliders to view multiple variants of the structure of the loan to make an informed decision.

There are several differences between a home loan and a loan against property.

  • Definition: Home loans are loans you take to buy or construct a home. Loan against property comprises home loans and loans that you can take by mortgaging a self-owned property.
  • Purpose: You can take home loans only to buy or construct a particular home you are getting financed. On the other hand, you can take a loan against property to meet any financial requirement like education, medical or wedding expenses.
  • Value: You can take a home loan for up to 80-90% of your property’s value, while a loan against property is limited to 50% of the property value.

Calculating your EMIs beforehand helps you know if loan against property is a feasible option for your situation. The LAP EMI calculator helps you plan your loan and EMI payments structure. You can view the total and monthly cost towards the loan and change the loan structure so that it fits comfortably within your budget.

The loan against property EMI calculator helps to plan for a loan before the process of application commences. 

View multiple variations of the loan structure by changing the factors to borrow an amount that is comfortable for you to repay. Checking the LAP EMI calculator before applying for a loan saves unnecessary hassle during the process.

The LAP EMI calculator is a free tool available on our website 24×7.

A loan against gold ornaments is where you avail of a loan by keeping your ornaments as collateral. Muthoot FinCorp offers you a loan amount of up to 75% of the gold’s value in the market (location dependent). Repay the loan in comfortable EMIs and bullet payments to clear the loan and take your gold home.

Yes, you can get a loan against gold jewellery. The loan amount offered is up to 75% of the ornaments’ total value in the current market.

Yes, taking a gold loan is one of the wisest options when you need emergency funds. Pledge your gold ornaments as collateral until to take an instant loan. It is a great way of leveraging gold ornaments that you rarely wear to meet your urgent requirements.

No, you do not require a guarantor or an introducer to avail of the best gold loan in Chennai. The gold acts as collateral/security against the loan.

Gold loan interest rates in Chennai vary according to the gold loan scheme you choose. The gold loan rates range starts at 11.99% per annum in Muthoot FinCorp across all its gold loan schemes.

To apply for a gold loan in Chennai, the minimum age of the applicant should be 18 years.

Your salary is not considered for a gold loan. Instead, the quality and value of your gold items are tested before the loan is sanctioned.

Get a gold loan in Hyderabad from interest rates starting from 11.99% p.a. Choose from a wide range of gold loan schemes at Muthoot FinCorp and avail the most comfortable interest rates.

The loan amount you receive is determined by the quality and weight of your gold. Since you are pledging your gold ornaments against the loan, it is a secured loan. Thus, it’s not necessary to have a guarantor or introducer.

If you have repaid your gold loan in full and wish to draw another loan on the same pledged gold, you can renew your loan. Speak to our representative at 1800 102 1616 to know more about the process.

The amount of gold loan you are eligible for is determined by the quality and weight of the gold ornaments pledged as collateral for the loan. The minimum gold loan you can take at Muthoot FinCorp is ₹10,000.

The interest rate for gold loans in Delhi begin at 11.99% and is dependent on the scheme and repayment options you choose.

Any individual between the age of 18-65 years is eligible to apply for a gold loan. There are no credit scores or income requirements to be eligible.

You may opt for a gold loan when you are in need of quick financial assistance and are willing to pledge your gold in return for the loan amount. This corpus could be required for personal expenses, medical emergencies, working capital or even business investment or more.

Gold loan borrowers in Delhi only need to submit their identity proof, address proof, the loan application document and a Demand Promissory Note.

All individuals and citizens of India between the age group of 18-65 years may apply for a gold loan in Delhi.

You can get a loan against gold in Bangalore by visiting your nearest Muthoot FinCorp branch. Use the free branch locator feature on our website to find the one closest to your location.

The minimum age to apply for a gold loan is 18 years.

Borrowers only need Identity proof and address proof to apply for a gold loan at Muthoot FinCorp.

Muthoot Fincorp offers the best gold loan interest rates in Bangalore. The interest rates vary from 11.99% to 20% per annum, depending on the gold loan scheme and eligibility of the borrower.

No. You do not require a guarantor for availing of a gold loan. The gold that you pledge acts as a collateral/guarantor in a gold loan.

Any resident citizen of India, between the 18-65, can apply for a gold loan in Kochi. When applying for a gold loan, you must provide a government-issued address and ID proof.

Gold loans are only given to people who have reached the age of majority (completed 18 years of age). This will be ascertained by the date of birth mentioned in their government-issued ID and address proof.

Since the loan is given against gold that has been deposited with Muthoot FinCorp, it’s a secured loan. Such loans do not require a guarantor or an introducer.

The minimum amount of loan you can take against gold at Muthoot FinCorp in Kochi is Rs 10,000. You can use our loan eligibility calculator to determine how much loan you are eligible for.

Yes, taking a gold loan certainly has its advantages. With minimal documentation, the quick disbursal, and competitively low-interest rates offered by Muthoot FinCorp, you can rest assured your Gold is insured and safe. In case of further need, you can opt for a top-up on your existing gold loan too. Additional benefits include cashback as incentives for regular on-time payments and loan term completion.

Based on the market price of gold per gram, you can expect to get gold loan up to a ratio of 80% of your gold’s value. Customers who have not claimed the maximum gold loan per gram made available can easily request a top-up on their existing loans up to the LTV. Top-up requests can be made seamlessly via our app, website, or even through an SMS.

You have the option to calculate your eligibility with our gold loan calculator. The gold you pledge is evaluated for its value and purity with our in-house valuers. The amount available for loan is up to 75% of the total value of your pledged Gold.

For loan against gold, the two repayment schemes available are Bullet and EMI. Smart gold loans entail repayment in equated monthly instalments (EMI) over the chosen tenure, usually long-term. The Bullet scheme offers you the freedom to repay your loan against Gold as per your convenience within the stipulated tenure. It provides the option of part payment and part withdrawal too.

Gold loans are better than home loans since they require minimum documentation and have easy eligibility. Gold loans and home loans are both secured loans. Although, Gold loans are apt for smaller loan values (up to 50 lakhs) and shorter repayment tenures. Additionally, it lets you raise capital for any financial requirement beyond property purchase. A home loan can only be taken to purchase a residential property.

In the event of a default, the lender holds power to auction off the gold used to secure the loan. Since Gold works as collateral, the lender will be able to auction it to offset the losses incurred by the defaulter of the loan.

Your salary is not a criteria when applying for a gold loan. the eligibility is decided on the current market value of Gold (in that particular city) and the purity of the gold pledged at the time of loan application. You can check the documentation, eligibility criteria, and tenure on our online gold loan page here.

Only address proof and identity proof are required as documents to avail a gold loan.You could offer one each from the documents mentioned below:

  • Address Proof: Aadhaar Card, Bank Statement, Utility Bill, rent Agreement, or Voter’s ID
  • Identity Proof: Aadhaar Card, Voter’s ID, Passport, Driving License or PAN Card

Muthoot FinCorp offers a variety of loans to meet the unique needs of every customer.
Muthoot Blue Guide Gold Loan for LTVs up to Rs. 99,999/-
Muthoot Blue Easy Max Gold Loan for LTVs of Rs. 1 lakh to Rs. 3 lakhs
Muthoot Blue Easy Pro Gold Loan for LTVs of Rs. 3 lakhs to Rs. 5 lakhs
Muthoot Blue Take It Easy Gold Loan offers flexibility to choose your mode of payment and tenure.

Yes, there are several schemes available that offers gold loan on EMI as a repayment option. The repayment tenure for your Gold on EMI can range from 3 to 36 months. This smart option comes with free NACH registration and a steady interest rate (even post-delayed monthly payments) for a stipulated period.

A gold loan can be disbursed to the borrower within an hour of application. approve your gold loan swiftly and at competitive interest rates. When you present your Gold as collateral at any of our branches, our in-house valuers evaluate its purity and market value. Once done, you can choose a suitable gold loan plan with the applicable interest rate and comfortable repayment tenure. We will instantly transfer the approved loan amount to your registered bank account. This process is usually completed within a matter of 30 minutes.

Yes, you can get a gold loan from any state in India on the location’s prevailing gold rate. You can walk into any of our branches for a quick, accurate, and safe gold loan process. You can check the Muthoot Gold Loan Calculator for basic information on scheme interest rates and tenure.

Yes, you can get a loan against gold irrespective of your CIBIL score. Gold loan does not require a CIBIL or Credit score evaluation to be approved. You need not show proof of income too. Since it is a secured loan, the Gold you pledge at the time of sanction of the loan acts as collateral against your loan, offering the lender security in case of default.

Yes, you can easily get a top-up loan on your existing gold finance or get your gold loan renewed. If you have an existing gold finance account, you can simply request for renewal once you have repaid the loan amount along with the applicable interest. Muthoot FinCorp allows you to seamlessly renew your gold loan online via our website or the Muthoot Blue App. You can also get a top-up on your existing gold loan depending on the LTV of the Gold pledged.

Applying for a gold loan over a personal loan have the following benefits:

  • Competitive interest rates and cashback opportunities for prompt payments.
  • Instant Gold loan top-up services (up to the LTV capping)
  • Flexibility in tenure and repayment schemes
  • Quick disbursal within a minimum of 30 minutes

A gold loan on EMI entails pledging your Gold only when you certainly require financial assistance. Applying for a gold loan through an OD facility, on the other hand, would have you pledging your asset (Gold) ahead of time, even before the need for financial aid arises.

Yes, a gold loan can become an NPA. Since a loan against gold is a secured loan, the gold pledged by the applicant acts as collateral in case of default in repayment. Outstanding gold loans are termed as NPAs when the repayment of principal and/or interest are outstanding over 90 days. Fortunately, the value of pledged gold hedges the liability of the loan against Gold disbursed by the lender.

Muthoot FinCorp is offering to its clients interest free gold loan for all the financial assistance they need to meet their major requirements under the Restart India Gold Loan product portfolio. This program was designed by keeping in mind the havoc created by Covid-19 on people’s personal finances. Here a customer will receive low-interest gold loans beginning from LTVs of Rs.1000/- with zero processing fee and no pre-closure or hidden charges involved.

You can repay your gold loan online via the website or the Muthoot Blue app. You only have to use your registered mobile number linked to your gold loan on the website or app. Once you verify your loan account details, you can clear pending payments. Muthoot FinCorp accepts payments via all major payment options like net banking, debit or credit cards, UPI, and digital wallets. Please check T&C for applicable charges before any transaction.

Gold loan interest rates depend on the LTV and region where you avail of the gold loan. As a thumb rule, Muthoot FinCorp applies a simple interest method to calculate interest rates on gold loans.

When applying for a gold loan, you are required to pledge gold as your security against the loan. The Gold pledged by you is stored in lockers within the specific branch’s strong rooms. We employ world-class safety measures and surveillance to ensure optimum security. Your Gold is additionally insured for its market value when stored with us.

No, applying for a gold loan does not require a guarantor for the approval and disbursement process. You need to provide minimum documentation and your gold jewellery or ornaments as collateral for a loan against Gold.

Standard schemes for gold loans begin from a minimum of 7 days to 12 months, while EMI-based schemes have a maximum tenure of 36 months. Designed to meet every customer’s unique financial requirement at every life stage, Muthoot FinCorp has designed various online gold loan schemes and repayment tenures.

You may deposit any form of gold jewellery or ornaments as collateral for gold loan. Our online gold loan offer accepts gold ornaments in the form of necklaces, rings, watches, bracelets or Kardahs, pendants, and even ‘Polki’ sets. The LTV of your gold loan depends on the purity of the gold pledged.

All major payment methods are accepted for the repayment of the gold loan. These include net banking, debit or credit card, UPI, and digital wallets. You could even walk into our branch to repay your gold loan. Please review the terms and conditions for applicable charges before proceeding with any transaction online.

Muthoot FinCorp ensures your pledged Gold is placed under maximum world-class surveillance and safety standards within strong room lockers at our branches. To provide comprehensive security against all circumstances, we additionally ensure your Gold at its market value. You can rest assured your gold jewellery is in safe hands with us while you repay your loan’s EMIs. Visit our website online or walk into our branch for more details.

You can either walk into your nearest branch and ask for assistance to apply for a gold loan. Alternatively, you could log in to our website or download the Muthoot Blue App and follow the simple process to apply for a quick loan.

Your loan depends on the value and purity of the Gold you provide as collateral. We offer an LTV of 75% on the Gold you pledge against your instant gold loan. To know about the applicable interest rates and other charges, please log on to the Muthoot FinCorp website for further details.

You just have to walk into any of our 4200+ branches across India and ask for assistance. If you are tech-savvy, log in to our website or download the Muthoot Blue App and follow the simple steps to apply for a gold loan.At Muthoot FinCorp, we assure you of a seamless and straightforward process to offer you instant gold loans. For further information call 1800 102 1616.

Yes, you can pay your gold loan quite conveniently by opting for the EMI payment mode. Be sure to choose the Muthoot FinCorp gold loan scheme as per your comfort. Use our gold loan EMI calculator for more information.

While EMIs allow a person to avail a convenient and easily accessible gold loan through small, manageable payments, it is not always a required repayment option for a gold loan. You can also opt for a single repayment mode. You can check the Muthoot FinCorp website for more information on gold loans on EMI.

The EMI of a gold loan is contingent upon several factors. It depends on:                                                               

  • The gold loan scheme chosen

  • The amount you wish to avail as a gold loan

  • Applicable interest rates

  • Repayment tenure chosen

The in-house gold evaluation process that determines the loan value

Check our gold loan EMI calculator to calculate your EMI today!

Yes, you can pay your gold loan monthly by opting for our EMI scheme. Check out our gold loan calculator for more information.

No income or credit score information is necessary to be eligible for a gold loan at Muthoot FinCorp.

The tenure of a Gold Loan in Delhi ranges from 3 to 36 months. The tenure offered will depend on the loan amount and the scheme chosen by the applicant. Muthoot FinCorp offers several schemes with flexible terms to choose from as per requirements.

There are eight different schemes available based on the gold loan amount required. The interest rate and repayment tenure depend on the loan amount. The schemes have a flexible repayment tenure and the lowest interest rates applicable.

Yes. To apply for a gold loan in Delhi, you only need valid proof of your permanent residential address, it need not be a Delhi address.

Contact Muthoot FinCorp in Hyderabad by calling the toll-free number 1800-102-16-16 or writing your queries to  info@muthoot.com.

Only carry only your Photo ID proof (Passport/PAN card/ Aadhaar Card/ Driving License, Voters ID) and Address proof (Aadhaar Card/Electricity Bill/Bank Passbook etc.) to avail of gold loans in Hyderabad.

Any individual who is a citizen of India and aged between 18-65 years can apply for a gold loan in Chennai.

Yes. Find the nearest branch in your locality using our branch locator. The branch locator will provide you with our branch’s address and phone number depending on the locality chosen. Muthoot FinCorp has over 80+ branches in Chennai.

No, the sanctioned loan amount depends on the quality and weight of the pledged gold. Since Gold loans are secured loans, it does not require any guarantor or introducer.

Any individual who is a citizen of India and aged between 18-65 years can apply for a gold loan in Kochi.

Locate your nearest Muthoot FinCorp branch using our branch locator. Presently Muthoot FinCorp Gold has one branch in Thaikkattukara in Kochi near Metro Pillar No 111. Contact the branch at +914842624066.

Yes, Muthoot FinCorp Gold Loans are instant loans. The purity and weight of the gold is checked with high precision tools to give you the required cash immediately.

No, Gold Loans being secured loans do not require a guarantor or introducer. The loan amount depends on the weight and quality of gold pledged.

Where is Muthoot FinCorp Gold Loan Bangalore Branch?
Easily find the nearest Muthoot FinCorp Gold Loan Bangalore Branch with the Branch locator online. Type in your preferred locality in the branch locator to find the address and phone number of the branch near you. Muthoot FinCorp has over 170+ branches across Bangalore.

The easiest option to get the gold loan with the lowest interest rates in Bangalore is to apply for a gold loan with Muthoot FinCorp. Choose from different schemes with interest rates ranging from 11.99% to 20% per annum.

To obtain a Gold Loan in Bangalore, the applicant should be a citizen of India, should be between 18-65, and must offer a government-issued photo Id proof and address proof along with the collateral.

Customers can avail of a maximum of Rs 50 lakh as a gold loan, depending upon the scheme chosen.

A gold loan is processed instantly. Borrowers can take home a gold loan only within one visit. Complete the verification process, choose a scheme that matches the requirements, hand over the gold for evaluation and the loan will be processed within minutes.

Gold loan is also sometimes known as a jewel loan as most borrowers pledge their gold jewellery as collateral Borrowers can avail up to 75% of their current value of the gold jewellery by applying for a gold loan.

The extension policies offered to borrowers are at the sole discretion of the lender. Visit your nearest Muthoot FinCorp branch to know more.

Muthoot FinCorp offers gold loan amounts up to 75% of the gold’s value in the market, subject to terms and conditions. To know more, visit your nearest branch or call us at 1800-102-16-16.

Yes, undoubtedly, you can get a loan on jewellery. You just need to visit the nearest branch and keep your gold jewellery as collateral to receive the required funds instantly.

Choosing an EMI repayment plan for a gold loan is not necessary. You have the freedom to choose your repayment options between part payments, bullet payments and EMI payments.

No, a gold loan cannot be taken for a month. The minimum repayment tenure ranges from 3 months, depending on the scheme chosen.

To know about the best EMI option, borrowers can check the Gold Loan Repayment Options & EMI Plans available on the website or visit the nearby Muthoot FinCorp branch to know more.

To calculate the EMI for a gold loan, use the Muthoot FinCorp gold loan EMI calculator to check the EMI amount; the formula to calculate the same is EMI = P × r × (1 + r)n/((1 + r)n – 1).

Identity proofs accepted by Muthoot FinCorp for gold loans are PAN card, Driving license, Passport, Voter’s ID card or Aadhar card.

Yes, an address proof/residential proof is mandatory to avail of gold loans. For that, you can submit a voter’s ID card or utility bills.

No, a PAN card is not mandatory for a gold loan. The ID proof can be anyone between a PAN Card, Aadhar card, Driving license or passport.

No, Income Proof is not required for the Gold Loan. Simply submit identity proof along with the address proof to avail of the gold loan.

Yes, you can renew gold loans by visiting the nearby branch to get to know about the process, or you can call us at 1800 102 1616

Interest rates are calculated based on the amount of gold loan availed and the scheme chosen. Use the Muthoot FinCorp gold loan calculator by inserting the principal amount and the residential state to understand the schemes and the applicable interest rates.

Compare Gold Loan vs Personal Loan

Features Gold Loan Personal Loan
Type Secured against gold as collateral unsecured (no collateral required)
Interest rate Starts at 11.99% Starts at 11.99%
Tenure Short term up to 1 year Long term up to 5 years
Loan Eligibility 75% of the value of the collateral According to your repayment capacity
Credit Score Not Required Required
Documentation Only ID proof and Address Proof ID proof, Address Proof, Bank statement and income proofs and ITR
Repayment Flexible Repayment prepayment penalty of up to 5%
Processing fee It starts at Rs 20 It starts at 2% or more of the loan amount
Eligibility Criteria Minimal Based on Income
Maximum Loan Amount

Up to Rs 50 lakhs

Up to Rs 50 lakhs
Salaried Not Required Mandatory

The gold loan process at Muthoot FinCorp only takes one visit. Walk into your nearest Muthoot FinCorp branch, choose a scheme, apply for a gold loan, get it approved instantly and take home the required funds the same day. You can research about the gold loan schemes, calculate the interest rate and read about the process to get all the information you need. Our gold loan calculator helps you decide which loan is suitable as per your needs.

The entire gold loan process is extremely easy at Muthoot FinCorp. You can begin the process by calling at 1800 102 1616. Our representative will speak to you to understand your concerns and guide you to the loan schemes as per your requirement. You can also check our website to understand our different gold schemes to choose the best one. Once chosen, simply walk into your nearest branch to get started. Here is the process:

  • Visit to a Muthoot FinCorp branch with your gold and KYC documents
  • Hand over your gold for cleaning and evaluation. (All of which is done through scientific machines with no room for human error)
  • Our representative will let you know the maximum amount you can take as a loan based on the evaluation and the chosen scheme.
  • Read the terms of the loan, understand the repayments, sign the documents and take the loan amount home in cash or bank transfer.

Gold loan can be availed by any residential citizen of India between the age of 21-65. You only need your basic KYC documents to avail this loan. Whether you are a professional, a student, or a homemaker, you can utilise your gold to avail a loan instantly. No income proofs or credit checks are required to avail a gold loan with Muthoot FinCorp. Anyone can simply walk into a Muthoot FinCorp branch and avail a gold loan in one visit. The eligibility conditions of our gold loans are:

  • Age: Between 21 – 65 years
  • Loan Amount: Maximum Rs 50 Lakhs
  • Purity of Gold: Between 18 to 24 carats
    Avail up to 75% LTV of your gold by meeting the above easy eligibility criteria.

The documents required to get a gold loan at Muthoot FinCorp are:

  • KYC documents: PAN Card, Driving License, Passport/ Voter’s ID Card/ Aadhar Card or valid ID proof
  • Address Proof: Electricity or water bills, Voter’s ID, Aadhar Card, Rent Agreement, Bank Statement

Submit any of these documents for KYC & Address proof for availing loan on gold. Check the gold loan schemes on our website to choose the best one as per your requirement. Each gold loan scheme comes with certain terms, maximum loan amounts and interest rates to cater to all borrowers. Match your requirement to any one of our gold loan schemes to initiate your process of applying for a gold loan. You can even use our gold loan calculator for a better understanding. Call us at 1800 102 1616 for more information on eligibility, documentation, loan scheme requirements and more.

You can walk into a Muthoot FinCorp branch, ask about gold loan schemes and take the funds in one visit. Simply carry your gold and KYC documents, apply for a loan, get your loan appraised in a few minutes and get the loan handed over to you or disbursed into your account instantly. The valuation process at Muthoot FinCorp is done scientifically to offer you the maximum permissible amount as a loan. We use highly scientific XRF machines, X-ray fluorescence technology (XRF), the international standard adopted by the gold refining industry. This method is precise and gives us an exact idea of the pure metal content in your item/s. The weight of the gold is calculated as per the current market rate of gold of the same purity. Our representatives will then let you know of the maximum LTV that can be availed on the pledged gold. You can choose a particular scheme that allows you to avail the maximum amount or choose a smaller amount as per your requirement.

Muthoot FinCorp also allows you to avail a top-up loan, if you haven’t availed the maximum LTV of the gold as your first loan. This entire evaluation process is undertaken in only a few minutes. The process is transparent and is done right before you to eliminate any disputes. Call us at 1800 102 1616 to understand the process or visit your nearest Muthoot FinCorp branch with your gold to get it evaluated.

The required documents for Muthoot Gold Loan are only your identity and residence proof. You can submit your Aadhar Card, Passport, Voter ID card, Driver’s License as documents. Applying for a gold loan with Muthoot FinCorp is extremely easy and hassle-free. You only need to carry your gold and identity documents to get your loan approved. There is no need for income or credit proofs to get a gold loan. Here is the process to get a gold loan at Muthoot FinCorp:

  • Visit to a Muthoot FinCorp branch with your gold and KYC documents
  • Hand over your gold for cleaning and evaluation. (All of which is done through scientific machines with no room for human error)
  • Our representative will let you know the maximum amount you can take as a loan based on the evaluation and the chosen scheme.
  • Read the terms of the loan, understand the repayments, sign the documents and take the loan amount home in cash or bank transfer.

Match your requirement to any one of our gold loan schemes to initiate your process of applying for a gold loan. You can even use our gold loan calculator for a better understanding. Call us at 1800 102 1616 for more information on eligibility, documentation, loan scheme requirements and more.

The loan amount is decided as per the value of the gold and the LTV ratio within the chosen scheme. There is no minimum gold required for a gold loan. Gold Loan schemes range from up to Rs 49,999 to ones that start at 5 lakh. You can receive the maximum permissible value of your jewellery as a loan, based on the scheme chosen. Use the gold loan calculator available on our website to understand the perfect scheme for you. Here are the gold loan schemes and their features:

  • Take It Easy
    loans start @ 5 lakhs with lowest interest rate of 6.9% p/a.
  • Easy Max
    loans ranging from 1 lakh to Rs 3 lakh with an interest rate of 14% p.a.
  • Easy Pro
    Loans range from 3 lakhs to 5 lakhs with interest rates starting at 10% p.a.
  • Easy Blue
    Gold Loans up to 49,999 with interest rates starting from 20% p.a.
  • Easy Plus
    Loans of up to 1 lakh at an interest rate of 16% p.a.

Choose a gold loan scheme as per your gold’s valuation and requirement. If you decide to take a lesser amount as a loan than the maximum LTV allowed, you have the option of taking a top-up loan in the future of the remaining loan amount, as and when required. Speak to our gold loan representative to understand the calculation of LTV as per our gold loan schemes and get guidance on how to choose the best one.

No, there is no need for CIBIL score for you to take a gold loan. Applying for a gold loan does not generate a hard enquiry, hence your credit score remains unchanged. Even a delay in repayment of the gold loan will not affect your credit score in any way. The documents required to apply for a gold loan are:

  • KYC documents: PAN Card, Driving License, Passport/ Voter’s ID Card/ Aadhar Card or valid ID proof
  • Address Proof: Electricity or water bills, Voter’s ID, Aadhar Card, Rent Agreement, Bank Statement
    Muthoot FinCorp does not have minimum income or credit score requirements to approve a gold loan. Hence, no credit or income proofs are required as an eligibility condition. Muthoot FinCorp’s gold loans are designed to serve every customer, even those who have poor credit scores. The credit score does not affect the loan amount or interest rate of the gold loan. On the other hand, delay in repayments or missing repayments do not affect the credit score in any way. To get a gold loan, apply for it by sending an enquiry through the available form on our website or call us at 1800 102 1616. Our representative will guide you through the eligibility and gold loan schemes in detail.

Only loan processing fee is charged to a gold loan apart from the interest, which begins at Rs 20 as per the scheme chosen. The gold loan repayment procedure incurs nominal charges. Gold loan interest rates start at 6.9% p.a. If you miss a payment, the lender will levy a penalty. The penalty can go up to 9.99% of the outstanding amount, based on the time delay. It is best to speak to the lender about all charges before applying for the loan. Some of the benefits of applying for a gold loan at Muthoot FinCorp are:

  • Reasonable Interest Rates are charged according to the gold finance schemes, starting at 6.9% p.a.
  • Nominal Processing Fees begins at just Rs 20 inclusive of GST based on the chosen scheme.
  • Minimal Documentation requires Only photo ID proof and address proof
  • Low or No Loan Foreclosure Charges upon prepaying the loan after three months of disbursal
  • Higher Loan Amount of up to 75% or the maximum permissible value of the gold pledged

Call us at 1800 102 1616 to understand the process, eligibility, documentation, loan scheme requirements or visit your nearest Muthoot FinCorp branch with your gold to get it evaluated.

If you are looking for a ‘muthoot gold loan branch near me’, check our branch locator to find one. Simply log on to the Muthoot FinCorp website, visit the branch locator, enter the city and locality to find all the details of your nearest Muthoot Blue branch. Muthoot FinCorp is available to all customers with pan-India presence. With close to 3500 branches across India, Muthoot Fincorp Limited’s endeavour is to serve over 100,000 customers a day. All information regarding the branches is available on our branch locator page. You can find the complete address, phone number and working hours of each branch on our website. They are also linked to a map to help you find your nearest branch with ease. If you cannot find your nearest branch on our website, simply call us at 1800 102 1616 for all the information you need or submit your information in the enquiry form on our website to let our gold loan representatives get back to you. Once you have located your nearest branch, here are the steps to follow:

  • Visit to a Muthoot FinCorp branch with your gold and KYC documents
  • Hand over your gold for cleaning and evaluation. (All of which is done through scientific machines with no room for human error)
  • Our representative will let you know the maximum amount you can take as a loan based on the evaluation and the chosen scheme.
  • Read the terms of the loan, understand the repayments, sign the documents and take the loan amount home in cash or bank transfer.

  • A gold loan is a financial product that is accessible easily.
  • It offers your gold’s correct and highest value in the organised market.
  • It caters to your needs for short-term funds. 
  • A financial crunch can be sorted out quickly at easy eligibility terms. 
  • Get the required funds faster in your bank account directly. 
  • The borrower need not sell their gold with heritage value. Keep it safe with Muthoot FinCorp as collateral and get it back after repayment of the loan value.

  • Yes, agricultural gold loan Kerala is available for farmers. They can pledge their gold items and get the required funds to save any loss due to any financial crunch in completing the agriculture processes.

  • No, an individual with gold can apply for a gold loan without a guarantor. These loans are secured against loans. Therefore, there is no requirement for a credit score or a guarantor.

Gold loan interest rates depend on the purity of the gold to be pledged by the applicant, the region where the loan is availed, and the loan requirement.

The interest on the gold loan is calculated using the simple interest method. The interest amount computed on the principal of INR 1,00,000 will be INR 12,000 based on the simple interest calculation method. Simply deduct the interest from the principal amount to know the outstanding loan amount.

Loan applicants can use a gold loan interest rate calculator to estimate the interest rate and know their EMIs.

Muthoot FinCorp offers various loan schemes to benefit clients with the lowest interest rate on gold loans. The applicants can choose a gold loan scheme as per the loan requirement. A gold loan applicant can avail of the minimum gold loan amount of INR 1,500. The loan amount can go as high as INR 50 Lakhs with the best value of your gold against several gold loan schemes.

Muthoot FinCorp’s gold loan interest rate is determined by considering various factors, including the required loan amount, the applicant’s suitability of the loan tenure, and the gold value to be pledged against the loan. The gold loan seekers can check the current gold loan interest rate at the Muthoot FinCorp website or visit the nearest branch.

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