Gold Loans by Muthoot FinCorp
Muthoot Blue Gold Loan offered by Muthoot FinCorp is just perfect for raising short-term working capital or to meet your emergency financial needs, in just a few minutes at any of Muthoot FinCorp’s over 3600 branches and growing, across the country. Most competitive LTV and Interest Rates. Our avowed values of building relationships than just grabbing business and treating each & every customer with utmost humility, empathy, warmth and coupled with commitment to empower human ambition. Industry first tech-facility of 24×7 simply-SMS based Gold Loans top-up for money in customer’s bank account, anytime. Unique & customer-centric features such as cash-backs on Regular on-time payment, Digital payment and Loan-tenure completion. Muthoot Blue Loan against Gold from Muthoot FinCorp is indeed, the Most Rewarding Gold Loan in India.
At Muthoot FinCorp, our vision is to immediately satisfy your lifecycle needs with simple & easy financial products so that there is no obstacle in your way to achieve your ambitions, aspirations, needs and dreams.
Muthoot FinCorp Gold Loans completely customer-centric
At Muthoot FinCorp Ltd, our Gold Loan portfolio has our customers’ life-cycle & life-stage based needs & desires, at the core. We have a variety of Gold Loan products to suit all kinds of financial needs.These products are designed based on cash-quantum requirement and cash-flow, etc. of customers at their various life-stages. For instance, requirement of a student, a first-time-in-job, a parent or a retired person would be different and their ability to pay, too, would be different.
Interest Rate Structure Of Various Gold Loan Schemes
|Gold Loan Schemes||LTV (Loan to Value) / Loan Amount Min. Max. / Tenure / Processing Fee (inclusive of GST except for Prepaid Scheme) etc.||Unique Muthoot Blue Benefits||Base Interest Per Annum|
|Southern branches||Rest of India|
|Muthoot Blue Guide Gold Loan||Loan Value: Upto Rs. 99,999|
Processing Fee: Rs.12 to Rs.20
Tenure: Upto 12 Months
|✓ Good Credit Behavior Discount ✓ Loan Tenure Completion Reward ✓ Digital Payment Reward ✓ Rewards – EMI Schemes (Download Full – PDF)||15% to 23% *||15% to 24% *|
|Muthoot Blue Bright Gold Loan||Loan Value: From Rs. 1 Lakh to Rs. 2.99 Lakh|
Processing Fee: Rs.20/- inclusive of GST or 0.25% of the Loan amount Subject to Maximum of Rs.500/-
Tenure: Upto 12 Months
|✓ Good Credit Behavior Discount ✓ Loan Tenure Completion Reward ✓ Digital Payment Reward ✓ Rewards – EMI Schemes (Download Full – PDF)||19.5% to 23% *||19.5% to 24% *|
|Muthoot Blue Power Gold Loan||Loan Value: From Rs. 3 Lakh to Rs. 7.99 Lakh|
Processing Fee: 0.25% of the Loan amount Subject to Maximum of Rs.1200/
Tenure: Upto 12 Months
|✓ Good Credit Behavior Discount ✓ Loan Tenure Completion Reward ✓ Digital Payment Reward ✓ Rewards – EMI Schemes (Download Full – PDF)||17% to 19% *||17% to 19% *|
|Muthoot Blue Bigg Gold Loan||Loan Value: Rs. 8 Lakh Onwards|
Processing Fee: 0.25% of the Loan amount Subject to Maximum of Rs.3600/
Tenure: Upto 9 Months
|✓ Good Credit Behavior Discounts ✓ Loan tenure Completion Reward ✓ Digital Payment Reward (Download Full – PDF)||15% *||15% *|
|Muthoot Blue Smart Gold Loan||Loan Value: No cap|
Processing Fee: Rs.50/- inclusive of GST & free registration for NACH
Minimum Tenure: 3 Months
Maximum Tenure: 36 Months* (36 Months tenure applicable from Rs.5 Lacs onwards)
|15% to 22% *||15% to 22% *|
|24X7 Express Gold Loan||Processing Fee: 0 processing fees for the first 5 disbursals via SMS|
Minimum Tenure: NA
Maximum Tenure: NA
India-first 24×7 Express Gold Loan Facility
Avail top-up loan with the ease of an SMS
Customers who have not claimed the maximum permissible Loan To Value can use the first-time-in-India Muthoot Blue 24×7 Express Gold Loan by just sending few SMS at any point of time and on any day of the year for topping-up their loan with the loan proceeds shall be transferred to bank account
Muthoot Blue 24×7 Express Gold Loan is a technology-driven automated facility which is an additional feature on existing Gold Finance enabling customers to fulfil their fund requirement anytime anywhere. 24×7 Express Gold Loan registered customers who have pledged their gold with us and who have not taken full LTV can avail the residual amount as loan simply by sending an SMS to the number 7994999999 from his/her registered mobile number. The thoughtfulness & acumen of the Facility is that, it doesn’t require a smartphone, mobile application or internet connectivity. In other words, 24×7 Express Gold Loan is like a “top-up loan” available round the clock against active gold loan packets which can be availed at customer’s convenience, on his or her simple feature phone.
Features & Advantages of Muthoot FinCorp Gold Loans
A Gold Loan from Muthoot FinCorp can come to your rescue to meet all your major financial needs such as immediate medical expenditure, investment in a property or asset, your child’s education, to meet wedding expenses, to buy a new vehicle or appliance or short & long term capital needs of your business. In India, if unbanked were to be a country, it would be 7th largest country in the world! Financial Inclusion and development of local economy is really imperative in building & taking the Nation forward. Muthoot FinCorp, through its Gold Loans – as also though is Small Business Loans – is endeavouring to drive real Financial Inclusion. Helping the common man fulfil their needs and their aspirations without falling into debt-trap, as they so often end up into.
Muthoot FinCorp’s Gold Finance is indeed the most rewarding gold loan. The features which make Muthoot Blue Gold Loan, the Most Rewarding Gold Loan, are:
Easy to get
We sanction your gold loans quickly and without any problems or a credit score. … read more Walk into any one of our over 3600 branches across India and get loan against gold instantly. We shall calculate the value of the gold (purity check) right in front of you and with a simple process, within a few minutes, we will sanction the loan for you. With Trust as our bedrock and Integrity being one of our core values, our branches are there completely committed to give you the best and the maximum possible, rather than earn the maximum possible revenues for ourself,
Very few documents are required for your loan against gold approval. When you visit one of our branches, … read more just carry your ID papers. There is no need to get a guarantor when coming to us for a gold loan. The liability or risk involved is limited to the gold you put up as collateral. We share the certificates of gold value at the time of deposit.
Attractive Rate of Interest
We offer you loan against gold at very attractive interest rate starting at just 12% pa. And, … read more provide maximum permissible value for your ornaments pledged depending upon the gold finance scheme you choose. You get minimum processing fees ranging from Rs. 12 to Rs. 20, along with quick sanctioning and disbursal of loan is possible with minimum documentation and KYC procedures.
We Keep Your Gold Safe & Insured
Your gold is kept in lockers within Strong Rooms at the branch. We use world-class surveillance… read more and safety standards. Your Gold kept with us is also insured for its market value. A loan against Gold from Muthoot FinCorp has triple-advantages -You get a loan against your gold; your gold is safe & insured and you can top-up your existing loans, anytime, from anywhere.(with the 24/7 facility)
Flexible Repayment and Tenures
We have both Bullet and EMI schemes. Bullet schemes give you the freedom to repay… read more any amounts at any time during the loan tenure; you can even choose to make repay the principal amount and interest in multiple instalments as per your convenience it gives the facility to repay monthly interest and repay the balance principal amount at closure. It also gives facility for part payments and part withdrawal by paying required amount. We have different variants of bullet schemes designed in line with cash cycles & needs of different customer segments and you can choose most appropriate one suiting yours. Our EMI based Smart Gold Loans provide options of repaying in structured equated monthly instalments and provide longer loan tenures.
Blue Soch – Brand Showcase
#RestartGame #RestartIndia with Muthoot Blue | Jab Zindagi Badalni Ho
Muthoot FinCorp Gold Loans | Tailor
Muthoot 24 x 7 Explainer
Muthoot FinCorp Gold Loans | Mother-Son
Frequently Asked Questions
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 Blue Gold Loan. 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 our 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 FinCorp’s 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 India today, our documentation process is very simple. Here are the identity and address proof documents you need to get a Muthoot FinCorp gold loan.
- Ration card
- Pan card
- Driving license
- Voter Id
Yes, a small processing fee is Rs. 12 to Rs. 20 of the loan amount is charged for a Muthoot FinCorp 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 Blue 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 gold loan. This makes it an attractive option for people who either do not have or have a bad credit history. Muthoot FinCorp is one of the best online gold loan companies in India offering the best value for your gold.
You can visit a Muthoot FinCorp Gold Point near you to sell gold for cash. If you want to hold on to your jewellery, you can avail a Muthoot FinCorp gold loan at affordable interest rates.
You can visit our website to know the nearest Muthoot FinCorp branch offering gold loan. Muthoot FinCorp gold finance keeps your gold safe. Contact our customer care representative at 1800-102-1616 for details.
Gold loans are short-term secured loans perfect for meeting immediate needs. It is basically a loan against the gold you own.
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.
First-hand account of customer experiences
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. ... Read More
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. ... Read More
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. ... Read More
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. ... Read More
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. ... Read More
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. ... Read More
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. ... Read More
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. ... Read More
Why Choose Muthoot Blue For Gold Loan?
Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man with Blue Soch. Hence, our Muthoot Gold Loans are designed to make it easy to own one’s dream ride!
- We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a loan quickly and without any hassle.
- Nearly 1,00,000 customers walk into our branches daily and are assured of our trustworthy services.
- Our customer-centric approach and innovation over the past 133+ years of legacy without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.
Over 3600 Branches across India
133+ years of legacy
18,000 Muthootians serving millions of customers
Walk in of over 1,00,000 customers a day