Gold Loan in Hyderabad
Muthoot FinCorp offers the most affordable gold loans in Hyderabad. Get the best gold loan rates in Hyderabad with hassle-free processing and instant disbursal with Muthoot gold loan. Rest assured that your gold is safe with us while you use the funds to meet your urgent requirements. We ensure that your gold is stored safely in our specially designed vaults, monitored 24×7. Apart from quick processing, Muthoot FinCorp also provides you with the best tools for you to make an informed decision. Use our free Gold Loan EMI Calculator to determine your EMI and repayment plan. Avail flexible repayment options and enjoy a stress-free gold loan experience.
Our Presence in Hyderabad
Hyderabad is one of the premier cities in India, famous for its culture, tourism and lip-smacking cuisine. It is being developed as a technological hub with a huge portion of the country’s migrant workforce pouring into the city increasingly. To get a gold loan in Hyderabad, walk into any of our 30+ branches spread across the city.
Key Features of Gold Loan in Hyderabad
Gold loans are a popular choice among borrowers in Hyderabad looking for quick and easy credit. This is a viable alternative to other types of loans, which may also require a time-consuming application process apart from heavy documentation and high interest rates. Some of the key features of Muthoot FinCorp’s gold loans are as follows:
- Get a loan of up to 75% of your gold’s value without any usage restrictions.
- Your gold jewellery is safely stored in vaults within strong rooms and 24×7 surveillance.
- Your gold loan will be prepared in under 30 minutes, and the amount will be disbursed to your account quickly.
- Enjoy flexible repayment options, for example, paying the interest as EMI and the principal at the end of the loan tenure, paying both interest and principal at the end of the loan tenure, or repaying through regular EMIs.
- Loan Application form
- Demand Promissory note, a financial instrument that legally binds the borrower to pay the lender a pre-determined sum of money on a specific date or on-demand.
- The consent of the applicant to obtain Aadhaar details for authentication with UIDAI for the ‘eKYC’ process.
- Identity Proof: Passport/PAN/Driving License/Voter ID card/Ration Card/ Aadhar Card or any other identity card (including photograph) issued by a government authority, PSU, or nationalized bank.
- Address Proof: Ration card/latest electricity/landline telephone bills/bank passbook/bank/Aadhar Card or any other document issued by a government authority, PSU, or nationalized bank that contains the customer’s address.
- Visit the Muthoot FinCorp website
- Fill in your basic details like name, state, email id, etc.,
- An executive from Muthoot FinCorp will get in touch with you to take the process forward.
- Visit the Muthoot FinCorp website.
- Take a look at the gold loan schemes and use our calculator to figure out your eligibility.
- Choose between the variety of gold loan schemes as per your preference and comfort.
- After selecting a scheme, you can use our EMI calculator to determine your monthly payments based on your loan amount and tenure.
- When you are satisfied with the loan amount and EMI, walk into your nearest Muthoot FinCorp branch in Hyderabad with your gold to apply for the loan and get instant disbursal.
Gold Loan Interest Rate
Get the best gold loan rate in Hyderabad at Muthoot FinCorp. We also offer our customers a high Loan to Value ratio. This ensures that you receive the maximum loan amount for your pledged gold jewellery. The interest rate on our gold schemes starts at as low as 11.99% p.a. You can repay the loan within 6 months if you want to close the loan early. There are no foreclosure charges. You can also choose to repay the interest as well as the principal at the end of the loan term if that is more convenient for you.
Required Documents to Get Gold Loans in Hyderabad
Getting a gold loan in Hyderabad does not require you to submit your income proof or CIBIL score for approval. The only documents you need to submit are:
Know the Eligibility Criteria Before Applying for Gold Loan
Any person, above the age of 18 and below the age of 65, can apply for a gold loan in Hyderabad with Muthoot FinCorp. You can also use the eligibility calculator to determine the amount of loan that will be available to you based on the amount and the purity of your gold. You can either check your eligibility online on our website or visit one of our branches in Hyderabad to get an accurate analysis of your loan eligibility.
How to Apply for Gold Loan in Hyderabad
Apply for a gold loan in Hyderabad through the following steps:
What are the Best Places to Take Gold Loan in Hyderabad
Gold loans can be conveniently availed from any of the Muthoot FinCorp branches in Hyderabad. Use the free branch locator on our website to find out your nearest Muthoot FinCorp branch or call us at 1800-102-1616 for more information.
Frequently Asked Questions
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.
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.
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 HYDERABAD
Muthoot FinCorp Ltd.
No 21/3/214 to 216, 1st Floor
Hyderabad – 500002
Above Naaz Hotel
Open until 05:30 PM
Muthoot FinCorp Ltd.
No 23/1/616/123, Ground Floor, Block A
Hyderabad – 500002
Opposite Indian Petrol Pump
Open until 05:30 PM
Muthoot FinCorp Ltd.
H No 18/2/39/2/A, PN 1A, Ground Floor, Gazi E Millath, Falaknuma
Hyderabad – 500005
Opposite Bajaj Showroom
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. ...
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. ...
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. ...