Muthoot Gold Loan

Gold Loan at 7.25% p.a

Apply & Get Instant Money

Muthoot Gold Loan Key Features

Muthoot Gold Loan Loan Amount Up to Rs. 1 Crore (With Income Proof)
Muthoot Gold Loan Interest Rate 7.25% per annum
Muthoot Gold Loan Per Gram Rate Per Gram Today is ₹ 5,219
Muthoot Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Muthoot Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Muthoot Gold Loan Repayment Tenure 3 Months to 24 Months
Muthoot Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of Muthoot Gold Loan

  • Fast Process: Muthoot gold Loan quickly gets approved ad payout faster. The time duration for the loan to access is nearly about minutes.
  • Minimal Documents: For Muthoot Gold Loan documentation process is easy, and for it, only essential documents are needed.
  • Transparent System: Flawless clarity is kept between the bank and the client; there are no hidden charges.
  • Amount of Loan: The least amount of loan that is granted to the customer is Rs. 15,000. In rural areas, the least amount can also be less than Rs 10,000.
  • Safety of Jewellery: Muthoot is entirely answerable for the safety of customer’s gold. Thus, for security, the gold is given fireproof protection.
  • Loan Tenure: The loan is provided for the term of three months to a couple of years.
  • Benefits for Farmers: Muthoot has some special offers and schemes for agricultural necessities. Where the Gold Loan is provided at Low-interest rate.
  • No Debt Burden: If in any condition the loan seeker is not able to pay back the loan amount, then the loan seeker will not be under any debts. Only the Gold Ornaments with the bank as security in return of Loan will be seized.
  • No financial gain bounds: There are no restrictions on the payment of the loan for someone. Hence, candidates with any financial gain level or income level can access for Muthoot Gold Loan.

What amount of Gold Loan can I Get through Muthoot Gold Loan?

Muthoot Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

Call us on 9878981144 to avail the amazing Deals and Offers on Muthoot Gold Loan Per Gram.

Muthoot Gold Loan Eligibility 

The candidates for Gold Loan are eligible if they fulfil the following criteria:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

Muthoot Gold Loan Documents Required

In Muthoot Gold Loan, documentation is needed to access to the gold loan. Followings are the list of essential documents required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

Muthoot Gold Loan Interest Rate, Fees and Charges

Gold Loan is also available at a low-interest rate as a result of it being in the class of secured loans. The Gold Loan Interest rate as compared to a private loan or other banks is lesser. The interest rate of loan keeps on varying time to time and also person to person.

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

About Muthoot Gold Loan

Life is full of difficulties and hurdles. To tackle them, anyone needs monetary support in life. Gold Loan play a vital role in being a helping hand in such situations. Gold Loan is the most secured loan. Individuals with low CIBIL score may also have easy accessibility to the current service. Muthoot Gold Loan is the most demanded Gold Loan in India. 

Despite, there’s a variety of financial banking and non-banking firms that avail the gold loan, however, Muthoot Gold Loan is taken into record due to its simple procedure. Muthoot is well-known for its good monetary services because it is one amongst the foremost acknowledged and dependable banks in India.

  • Muthoot Gold Loan Interest Rate is 7.25% per annum.
  • Muthoot Gold Loan Per Gram is ₹ 5,219
  • Muthoot Gold Loan Tenure: Up to 24 months
  • Muthoot Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST.

Types of Muthoot Gold Loan

Muthoot provides completely different schemes hooked up to the Gold Loan product. Schemes area unit as follows:

  • Loan Against Gold- Muthoot provides Gold Loan at an appealing rate of interests which might truly fulfil anyone’s immediate need would like of funds for any personal or skilled reasons. Gold Loan is a secured sort of loan wherever the bank has no risk within the loaning quantity of cash to the loan seeker at a lower rate of interest as compared to the opposite varieties of Loan product.
  • Loan Against Gold for Agriculture- Specifically for agricultural functions to farmers Muthoot Avails Gold Loan at a special rate of interest as compared to the Gold Loans that area unit provided for alternative uses. Mainly offers avails and also the bank would like the Land proofs on that basis the loan seekers apply for Loan.

Muthoot Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

How to Pay Your Muthoot Gold Loan EMI?

Muthoot Gold Advance is stipendiary within the entirely different following ways:

  • Standing Instruction (SI): If you’re an account holder with Muthoot presently, then Standing Instruction (SI) is that the most opted technique of compensation. Toward the top of the monthly amount, the EMI quantity is deducted from the applicants Muthoot checking account the applicant shows.
  • Electronic Clearing Service (ECS): This theme is for the candidates have a non-Muthoot record and also the EMIs have to be compelled to be debited consequently at the top of the monthly cycle from this account.
  • Post-Dated Checks (PDC): The somebody will gift post-dated EMI examine from the non-Muthoot statement at your near Muthoot loan Center. Instantly, the restructure of PDCs ought to be conferred. For ideal condition, it’s suggested to notice Post Dated Checks which can be collected non-ECS states because it was.

Muthoot Gold Loan Contact Number

Call at 9878981144 to urge instant facilitate and approval for your Muthoot Gold Loan. You’ll recognize the most direct offers on Gold Loan obtainable from all the Muthoot Branches throughout the country to avail the most straightforward deal appropriate to your wants.

Gold Ornaments Accepted by Muthoot 

  • Gold jewellery like Gold Bangles, Gold rings, Gold anklets, Gold Necklaces etc. area unit all accepted by Muthoot for seeking Gold Loan.
  • Quality: the standard of Gold ought to be between 18 to 22 Carat. Any 24 Carat gold ornaments can’t be wont to avail a gold loan.

Use of Muthoot Gold Loan

The fund that’s obtained by Muthoot Gold Loan services is used for many purposes:

  • Fund for any direct investments like hiking, marriage, payment of higher studies fees, etc.
  • Loan services area unit obtainable for promoting needs like getting recent provide, developing promoting, etc.
  • Additional Gold Loan may also be availed for horizontal ideas. The bank provides a lower rate of interest for Gold Loans that area unit obtainable for farming or farming-related comes.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.25% – 14.50%

ICICI Gold Loan

7.25% – 16.10%
Muthoot Finance Gold Loan

7.25% – 24.00%

Axis Bank Gold Loan

7.25% – 17.00%
Manappuram Gold Loan

7.25% – 26.00%

Yes Bank Gold Loan

7.25% – 15.99%
Bank of India Gold Loan

7.25% – 26.00%

Federal Bank Gold Loan 

7.25% – 13.50%
IIFL Gold Loan

7.25% – 12.00%

Central Bank of India Gold Loan

7.25% – 14.65%

Canara Bank Gold Loan

7.25% – 12.65%

Allahabad Bank Gold Loan

7.25% – 10.45%

Induslnd Bank Gold Loan

7.25% – 15.75%
PNB Gold Loan

7.25% – 11.75%

Bajaj Finance Gold Loan

7.25% – 26%
SBI Gold Loan

7.25% – 15.99%

Indian Bank Gold Loan

7.25% – 15.99%
UCO Bank Gold Loan

7.25% – 26.00%

Kotak Mahindra Bank Gold Loan

7.25% – 13.50%
Syndicate Bank Gold Loan

7.25% – 12.00%

FAQs About Muthoot Gold Loan

  • What is Muthoot Gold Loan?

Muthoot Gold Loan could be a loan theme wherever you’ll be able to access for any emergency money facilitate by keeping your gold as a guarantee with the bank. It comes with participating interest rates on Term Loan, the order of payment and EMI primarily based loan. Average Gold Loan disbursal time is simply 45 minutes.

  • How can I access the Gold Loan from the Muthoot? 

You can get Muthoot Gold Loan by being to any near Gold Loan providing branch. Even you’ll be able to access to Gold Loan on-line with LoanNow from anyplace and obtain the most straightforward deals and offers.

  • What is Gold Loan Interest Rate in Muthoot?

The Gold Loan charge per unit in Muthoot is 7.25% every year. The speed of interest depends on varied criteria, namely: loan quantity, loan tenure, purity of gold etc.

  • How much Gold Loan can I obtain per gram in Muthoot?

The value of per gram Gold Loan strictly depends on the purity and quality of the gold. Muthoot believes gold purity between 18 to 22 carats to produce a Gold Loan. you’ll be able to avail up to Rs. 5,219 per gram in Muthoot Gold Loan.

  • How to check Gold Loan status in Muthoot?

To check the standing of Muthoot Loan, you’ll be able to visit Muthoot hunter. Stock up your options within the given application. It will merely assist you in tracing the standing of your loan from anyplace at any time and keeps you updated.

  • How to calculate Gold Loan Interest in Muthoot?

Muthoot Gold Loan interest is often calculated victimization LoanNow’s EMI Calculator. It provides you with the correct details supported the data the applier enters within the calculator

  • How to Pay Muthoot Gold Loan Interest Online?

Muthoot Gold Loan interest is often paid through web banking on the official Muthoot loan compensation website or else. Another mode Paytm may be accustomed repay Muthoot Gold Loan or your most well-liked payment methodology.

  • What if I can’t pay back the interest on Muthoot Gold Loan for three months?

If the interest isn’t paid back for three months, then at first a reminder is given for your unfinished dues. After this, if the payment requests go neglected or unhearable, then an official legal notice is shipped, that demands the compensation and closure of the loan. Such defaults on your Gold Loan lands up during a decrease of your credit score and additionally cause you to respond to face legal actions by the bank which can embrace seizure and auction of your gold.

  • How can I appeal for EMI Moratorium on Muthoot Gold Loan?

You can apply for EMI Moratorium on Muthoot Gold Loan between 1st March and 31st August 2020. you’ll be able to comprehend done by contacting the Bank client Care or visiting the near Muthoot branch.