Gold Loan in Bangalore
Gold loans are beneficial when you need urgent funds during any financial emergency. Applying for a gold loan in Bangalore is the easiest way to access instant funds. Keep your gold assets as collateral and receive a loan against them by walking into your nearest Muthoot FinCorp branch in Bangalore.
Borrowers can receive a loan up to 75% of the total gold items’ value at Muthoot FinCorp, one of the mist trusted gold loan companies in Bangalore. You can quickly repay your loan through easy EMIs and get your gold assets released once your loan is cleared. Muthoot FinCorp offers the best gold loan interest rates in Bangalore with flexible repayment tenures for your comfort. Borrowers have the choice to select the most suitable gold loan scheme and repayment tenure by checking their interest rates, eligibility terms and permissible loan value.
Gold Loan Interest Rate in Bangalore
Borrowers can avail the best Gold loan interest rates in Bangalore at Muthoot FinCorp. The interest rates vary according to the loan amount, loan repayment tenure and interest rates. Their gold loan schemes include the Muthoot Easy Blue, Easy Plus, Easy Max, and Easy Pro. The interest rates of gold loan schemes in Bengaluru vary from 11.99% to 20% per annum. The maximum amount that one can borrow also ranges from below Rs. 10,000 to 50 lakhs. Additionally, Muthoot FinCorp charges a nominal loan processing fee that makes it more affordable without adding to the total cost to the borrower.
Our Presence in Bangalore:
Bengaluru or Bangalore is also known as the Silicon Valley of India due to its speedy growth as a premier technological hub. Bangalore offers a blend of culture and modernity to its residents with vast opportunities for everyone. To offer accessible loan against gold in Bangalore, Muthoot Fincorp has opened two branches in Hesaraghatta Main Road and Madanayakahalli with full range of services.
Benefits and Features of Applying Gold Loan in Bangalore
Muthoot FinCorp makes taking a loan against gold in Bangalore easy. Apply for a gold loan to avail the following benefits:
- Easy application process- Muthoot FinCorp offers an easy and hassle-free loan application, with a fast loan approval process.
- Minimum documentation: Borrowers need not undergo the hassle of gathering and submitting heavy documentation.
- Varying interest rates: Muthoot FinCorp offers varying loan interest rates to its borrowers, thus, borrowers can choose a specific interest rate on their loan. The interest rates also depend on the loan amount and repayment tenure.
- Flexible loan repayment tenures: Borrowers enjoy a flexible loan repayment tenure as per their comfort of repayment.
- Highly secured: Borrowers need not worry about the safety of their gold assets. Their valuables are secured in safe vaults, under 24×7 surveillance.
Documents and Eligibility Criteria for Availing Gold Loan in Bangalore
To get a gold loan in Bengaluru, the applicant must meet the following eligibility conditions:
- Borrowers should be between the age of 18-65 years.
- Borrowers can avail of a loan of a maximum of 50 lakhs.
- The gold purity must be between 18-24 karats.
- The LTV ratio is 75% of the current value of the gold items.
The following are the documents required–
- Identity proof: Aadhaar card, Voter’s ID card, PAN card, or driving license.
- Address proof: Aadhaar card, Voter’s ID card, rent agreements, or electricity bills.
Know the Procedure to Apply for Gold Loan
The process of getting a loan against gold in Bangalore is extremely hassle-free. Follow the steps below for a smooth loan experience:
- Visit the gold loan page at Muthoot FinCorp’s website to take a look at the eligibility criteria, interest rates, and loan repayment tenures and calculate your eligibility.
- Once the preferred gold loan scheme is selected, walk into your nearest Muthoot FinCorp branch.
- Fill out an application Hand over your gold items to a representative for testing and evaluation.
- Once the gold is evaluated, Muthoot FinCorp will make a loan offer based on the value of the gold. If the loan’s amount, terms and conditions are suitable for you, proceed with the process and carry home funds instantly.
- Muthoot FinCorp guarantees an easy loan application process with instant fund transfers.
Best Gold Loan Lenders in Bangalore City
Muthoot Fincorp is one of the most preferred gold loan lenders in Bangalore because of its quick service, best gold loan interest rates and range of gold loan schemes. This financial institution also offers flexible loan repayment tenures and a minimal processing charge to borrowers for a stress-free loan experience.
Frequently Asked Questions
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.
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.
What Documents are required to avail gold loan on EMI?
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:
- 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.
MUTHOOT FINCORP BRANCHES IN BANGALORE
Muthoot FinCorp Ltd.
Hesaraghatta Main Road
No 665, 1st Floor Hesaraghatta Main Road Bangalore – 560088
Opposite Bus Stand
Open until 05:30 PM
Muthoot FinCorp Ltd.
No 1, Kantha No 286, Ground Floor, Lakshmipura Road Madanayakahalli
Bangalore – 562162
Open until 05:30 PM
Find Muthoot FinCorp Gold Loan Branch near you – Locate Now
First-hand account of customer experiences
MUTHOOT BLUE SOCH STORIES
When we thought of expanding our business, branch manager counselled me regarding the gold loan that I could avail. My wife also helped me in taking decision of gold loan as I was fully assured of safety of my gold. Till 14th of Feb I have taken gold loan 12 times on a regular basis and repaid the same on time. Followed by the gold loan I also took gold coin when I got to know about this scheme and now, I am the owner of the gold coin too. ...
I approached Kaniyapuram Muthoot Blue for a loan. I was a regular customer of Kaniyapuram MFL. They approved a gold loan for me quickly. With that amount and my savings from my previous business I started a small bakery near by MFL branch. The business has grown in a short span of time. Initially I was running the business alone, Now I have 7 staff to support me. ...
I have been a Muthoot Blue customer since the last two to three years. I have taken a gold loan and made use of the EMI facility for buying gold. Providing gold to people like me through easy options is indeed great. I even have a health policy from Muthoot. ...
Namaste! My name is Ramesh Naidu. I stay in Anuradha residency, High school road, Ramavarrapadu, Vijayawada. On 20th Nov 2017, at 12:40 pm my mother G.Satavathi aged 74 had a brain stroke & got admitted in the hospital. I was running to arrange money for my mother’s hospital expenses. Finally, I approached MFL branch for Gold Loan and I got the loan immediately and was able to treat my mother. ...
In 2012 our family was in a difficult financial situation, and I had to make tough decisions for the sustenance of my family. It was at that time that I got introduced to Muthoot Blue. The staff there helped me source a loan against my gold, with which I started my Saree Business. Later I was given a SME loan based on the progress of the same business. ...
I am Parvathi. I am into door to door coconut oil selling business. When I started business, I had a lot of investments that I had to make, but money lenders such as banks, pawn shops, etc. had very high interest rates, and I was unable to avail the same. During this time, I was approached by Muthoot Blue and they offered me products that suited my exact needs and helped my grow my business. I have been taking Gold loan from Muthoot Blue for the past 4 years for my business development. ...
One day i saw Saharanpur team of Muthoot FinCorp doing marketing activity in my area, talking about being self-enough by getting funded at his gold at nominal rate. The idea of getting instant loan on gold without any collateral supported my dream of mushroom business. In 2008, I met Saharanpur branch and expressed my desire of loan on gold. On my first visit I got a loan of 1.2 lakh which i repaid in time. On 19 of Oct 2014, I again took 2.90 lacs of loan as a second booster to my business. Meanwhile during coffee with Muthoot, i got to know about gold coin which I can avail with easy payment option which I took and payed off easily. ...
Namaste! I am Chirumamilla shobha. I am staying at Road No 10, Triumulanagar, Hyderabad, very near to Muthoot Blue BN Reddy branch. In 2015, I planned to purchase land to construct my own house independently. During land registration I needed extra Rs. 2 Lakhs. I visited Muthoot Blue branch and received Gold loan of Rs. 2 lakhs within 15 minutes. Now I am at my own house! Second instance that I’d like to share with you is UPSC-IRS coaching of my Son. ...