Muthoot FinCorp Gold Loan portfolio is designed and developed to meet the life cycle and emergency needs of the common man. Muthoot Blue Super Value Gold Loan is the first variant under these series of schemes. The scheme primarily provides support to meet the minimum and basic fund requirements of the Common Man for his day -to -day activities.
Key Features of Muthoot Blue Super Value Gold Loan
- Applicable across all ticket sizes
- Maximum Permissible value for Gold
- Interest rate is 23% p.a.
- Tenure upto 9-12 months
Other Features:
- Payments can be done on a daily, weekly or monthly basis.
- Bullet payment of principal amount along with interest - you can choose to make one lump sum payment to repay the principal amount and interest
- Simple documentation with KYC procedures
- Nominal Processing Fee
- Interest applicable on diminishing principal balance basis
- Simple Interest calculation method
- Interest for a minimum period of 7 days will be charged at interest rate if pre closed before 7 days..
Pursuant to the Co-lending guidelines issued by Reserve Bank of India dated November 05, 2020 titled as “Co-Lending by Banks and NBFCs to Priority Sector” (“Co-lending Guidelines”), Muthoot Fincorp Ltd has entered into Co-lending arrangements with Development Credit Bank, UCO Bank and Bank of Maharashtra. Gold loan products/schemes of the Company under Super Value-CL3, Super Value-CL4 Easy Max2 CL4, Easy Pro2 CL, Restart India Pradhan CL and Easy Scale Up-CL are offered under the said arrangement. Such Co-lending arrangements /products shall be offered in select locations, as may be mutually decided by the Banks and the Company, from time to time.
To know about the major Terms and Conditions governing such Co-Lending arrangements with Banks, kindly refer to the Appendix as uploaded/ mentioned below:
Blue Soch – Brand Showcase
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#RestartGame #RestartIndia with Muthoot Blue | Jab Zindagi Badalni Ho
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Muthoot FinCorp | Gold Loans | TV Commercial #01
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Muthoot FinCorp Gold Loans | Tailor
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Muthoot 24 x 7 Explainer
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Muthoot FinCorp Gold Loans | Mother-Son
Why Choose Muthoot Blue Super Value Gold Loan?
Muthoot Blue Super Value Gold Loan is designed to make it easy for you to reach for your fund requirements for your day to day and emergency needs !.
- A Gold Loan Scheme designed to suit day-to-day and emergency needs of the customer by providing easy and quick liquidity
- Applicable for anyone who meets basic eligibility requirements and has immediate fund requirements .
- More suitable for smaller amounts in the range from Rs 1000/- to below Rs 1Lakh.
- Maximum Permissible Loan to Value;
- Simple Interest calculation on daily diminishing principal balance basis.
- Steady rebate for prompt monthly repayments and same effective interest rate slab for 2-3 months.
- More suitable for Customers with a cash flow cycle of 2-3 months.
- Flexible repayment options.
- Pre closure and part withdrawals permitted.
- We have over 3600 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 trustworthy and simple services.
- Our customer-centric approach and innovation over the past 133+ years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.
Visit your nearest Muthoot FinCorp branch now to get an instant Muthoot Blue Super Value Gold Loan!
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