Borrow Loan Against Gold From Muthoot Finance For Fund Needs

To get a loan without any documentation and income proof is through a gold loan. Muthoot Finance Limited is a financial institution that offers a loan against gold. At an attractive rate of interest and flexible repayment period, you can borrow from INR 1,500 and above. Gold loans are secured and are an instant solution to your financial problems. Read this article and know about Muthoot Finance gold loan schemes.

Which Muthoot Finance scheme is better for gold loan?

Muthoot Finance offers the best schemes for loan against gold to customers. And for making the funds affordable it provides a lower rate of interest. Look at the below-mentioned gold loan schemes of Muthoot finance and know their features.

Mahila Loan: The finance institution provides loan against gold items or jewelry to the women applicants. They can borrow a maximum of INR 5 lakh under this loan scheme. Interest applied on the loan amount is 12% to 28% for 180 days. The loan repayment duration of the scheme is 1 year and the loan is paid in equated monthly installments.

Interest Prepaid Loan: In this scheme, you can borrow a loan up to INR 5 lakh against the gold item. And the interest rate may vary according to your repayment period. If you opt for loan tenure of 3 months then the interest rate is 16% per annum and after 3 months it will be 22% per annum. The loan tenure of loan against gold for interest prepaid loan is 12 months.

How to know the eligible loan amount of the gold?

You can take the help of Muthoot Finance gold loan calculator to estimate the loan amount you can borrow. It is an online calculator tool which is provided for the customer convenience. To use the calculator enter the details such as name, number, state and city. After that enter the required loan amount and the gold weight. Then the calculated loan amount will be shown on your screen.

Apply for loan against gold item via online process

For the loan application process whether you can visit the nearest branch of Muthoot Finance or can apply for loan through its online services. Visit the official website of Muthoot finance select “Gold loans” and click the “apply now button. Fill up the loan application form with the necessary details and press the “Submit” button. Then you will receive a message on your registered mobile number if your loan application is approved.

The easiest and most secure way to get a loan against gold is through Muthoot Finance. With their best in class service and instant loan disbursal, you can manage your fund requirement s without a hassle. To get a gold loan from Muthoot finance you need to pay a processing fee that is 1% of your loan amount. So, take a loan against your gold jewelry or any other item and fulfill your urgent need of money. Trusted Muthoot Finance Ltd. offers the best gold loan schemes for customers with affordable rates and flexible tenure.