Gold Loan in Delhi
If you wish to take a gold loan in Delhi, trust Muthoot FinCorp for the best loan schemes and gold loan rates. A gold loan allows a borrower pledges gold jewellery or ornaments as collateral and receive a loan against its value. The loan offered is based on the value of the pledged gold in the current market. Generally, gold loan companies in Delhi offer up to 75% of the total value of the gold as a loan to the borrower. Gold prices are dynamic and vary based on factors such as demand, supply, taxes, etc. The amount you receive against your pledged gold is, therefore, dependent on its value and the location in which you are applying for the gold loan. Thus, your gold loan value may vary in different states on different dates.
Our Presence in Delhi
Delhi or New Delhi is the capital city of India. It offers a unique blend of history, culture and technological advancement for the delight of its residents. From cuisines to heritage and architecture, Delhi has plenty to offer. To get a gold loan in Delhi, walk into any of our 100+ branches spread across the city.
Gold Loan Interest Rate in Delhi
The gold loan interest rates depend on the loan scheme you avail. These gold loan schemes include the Muthoot Blue Guide Gold Loan, Muthoot Easy Blue, Muthoot Easy Plus, Muthoot Easy Max, and Muthoot Easy Pro, etc. These loans are offered for different purposes and have different minimum, and maximum loan amounts. The gold loan interest rates in Delhi begin from 11.99%, depending on the eligibility and the scheme chosen by the borrower. The loan repayment tenure of Muthoot Fincorp ranges from 3 to 36 months. Muthoot Fincorp also has a nominal processing fee ranging from Rs. 12 to Rs. 20 varying across loan transactions.
Gold Loan Eligibility Criteria
To get a gold loan in Delhi, the applicants need to meet the following eligibility criteria:
- Borrowers need to be between 18 – 65 years of age.
- Borrowers can apply for a maximum loan amount of 50 lakhs.
- The gold items kept as collateral should be between 18-24 karats. The Loan to value ratio is up to 75% of the item’s current value in the market.
Required Document for Applying Gold Loan
Only a few basic documents are required to get a loan against gold in Delhi. Thus, borrowers need not worry about tedious and cumbersome documentation processes. The following documents are required to apply for a gold loan-
- Identity proof- Like the Aadhaar Card, Voter’s ID card,
- Address proof- Like Aadhaar Card, recent gas or electricity bill documents.
- Loan Application- A document stating the need for the loan, how it would be used, and the exact loan value.
How to Apply for Gold Loan at Muthoot FinCorp in Delhi
To offer ease to gold loan borrowers in Delhi, Muthoot FinCorp ensures a hassle-free loan application process. Borrowers must follow the steps below to apply for a gold loan–
- Calculate the interest rates, tenure and go through the terms and conditions of the chosen scheme. The Gold loan calculator will seamlessly assist you in this process.
- Look for your nearest Muthoot Fincorp branch and get your gold valued. Submit your gold at the branch for this step.
- Once the gold is valued and documentation is complete, Muthoot FinCorp offers an instant disbursement of the funds.
Reasons to Choose Muthoot FinCorp for Gold Loan in Delhi
Muthoot FinCorp is a popular choice among gold loan borrowers in Delhi due to the ease of processing and minimal documentation. Here is why you should choose Muthoot FinCorp as your gold loan provider too:
- Hassle-free loan application
- Instant fund transfer to your account
- Affordable interest rates and repayment tenures
- Minimal processing fee and no hidden costs.
- Easy documentation
- Online application and tracking facilities of your loan.
- Muthoot FinCorp has a low minimum loan amount. Thus, individuals who require lesser amounts of loans can also apply.
- Flexible eligibility criteria. Thus, self-employed people or people not engaged in organized labor are eligible too.
Gold Loan Provider in Delhi
Avail an instant gold loan in Delhi by walking into your nearest Muthoot FinCorp branch. Our website enables applicants to locate their nearest branch through the easy branch locator feature. Enter the city, the state and the locality in the search panel of the branch locator and get the details of your nearest branch.
Frequently Asked Questions
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.
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.
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 DELHI
Muthoot FinCorp Ltd.
No 29, Ground Floor, Subhash Marg, Indraprastha Daryaganj New Delhi – 110002
Open until 05:30 PM
Muthoot FinCorp Ltd.
No 1497, UGF & 1st Floor, Street No 3, Lodhi Road, Wazir Nagar
Kotla Mubarakpur New Delhi – 110003 Opposite PT College Bus Stand
Open until 05:30 PM
Muthoot FinCorp Ltd.
No 12/56, Ground Floor, DB Gupta Road Karol Bagh New Delhi – 110005
Near State Bank of India
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. ...
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! 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. ...
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. ...