Muthoot Gold Loans: An Effective Way To Bring Out the Right Value of Your Gold

Have you wondered what it would be like to be able to get a loan faster and without having to deal with the complexity of administrative procedures? Are you wondering what would happen if there would be a need to acquire instant liquidity against your gold at any time? This article is going to answer all your questions and more, as we discuss the benefits of getting gold loans.

Put Your Gold to the Right Use

Gold loans have been popular in India for several years now because of their immense benefits. Some of the perks of opting for a gold loan as opposed to other traditional loan options include security and low to no interest rates. So, what’s the benefit of a gold loan? A gold loan is a great way to raise money when you need it most. It’s been gaining popularity for decades as a safe way to borrow money. 

With gold loans, you get to keep your collateral until your loan is paid in full. It keeps you from having to sell your other valuables at bargain prices. Now when you are here with a handful of information about Gold Loan, the other thing you need to keep in mind is finding the right Gold Loan provider. Keeping an eye on the popularity amongst people, Muthoot Finance Gold Loan has established itself with a prominent name in the market. 

Muthoot Gold Loan

From the time of its foundation in 1939 Kerala, Muthoot Group has grown to become one of the leaders in the industry. With a pan-India network and presence in more than 4,500 branches spread across 29 states and union territories of India. It is one of the largest Gold Loan NBFCs in India. Muthoot Finance was founded with a vision to provide hassle-free loans to salaried individuals and businesses, enabling them to grow their asset base by adding gold assets as security. 

Now let’s move forward and talk about the features and details of this Gold Loan so you can make a better and more informed decision for yourself. 

Benefits of Muthoot Gold Loan

• Quick Loan Disbursal 

• Min Loan Amount of Rs. 1500 with No Max Limit

• Pre and Part Payment 

• Minimal Documentation 

• In-house Gold Evaluation

• Assured custody of Gold

Features of Muthoot Gold Loan

Loan Amount – Min Rs. 1500 with no max limit

Interest Rates: 12% p.a. to 27% p.a.

Repayment Tenure: 7 days to 36 months

Wide Range of Options to Choose From

Not only do they offer our customers competitive rates, but they also provide a number of gold loan options for customers who are looking for an easy way to borrow money.

Muthoot One Percent Loan

• Loan Amount: Rs. 1500 to Rs. 50,000

• Interest Rate: (12% p.a.) if 100% interest is paid monthly

• Loan Tenure: 12 months
  
  

Muthoot Ultimate Loan

• Loan Amount: Rs. 1500 with no max limit

• Interest Rates: 22% p.a. with 2% rebate if 100% interest is paid monthly

• Loan Tenure: 12 months
  
  

Muthoot Delight Loan

• Loan Amount: Rs. 50,000 to Rs. 5 Crores

• Loan Tenure: 12 months

• Low-Interest Rates
  
  

Muthoot Mudra Loan

• Loan scheme designed for women available at South India Branches 

• Loan Amount: RS. 1,500 to Rs. 1 Lakh

• Rate of Interest: 11.9% p.a.
  
  

Muthoot Advantage Loan

• Loan Amount:  ₹50,000 to ₹5 Crores

• Loan Tenure: 12 months

• Rate of Interest: 18% p.a.
  
  

Muthoot High-Value Plus Loan

• Loan Amount: ₹2 Lakh to ₹5 crores

• Loan Tenure: 12 months

• Rate of Interest: 14% p.a
  
  

Muthoot High-Value Loan

• Loan Amount: ₹50,000 and no maximum limit

• Loan Tenure: 12 months

• Rate of Interest: 15% p.a
  
  

Muthoot Big Business Loan 

• Loan Amount:  ₹5 Lakhs to ₹500 lakhs

• Loan Tenure: 12 months

• Rate of Interest: 9 – 12% p.a
  
  

Best Value Scheme 

• Loan Amount:  ₹50,000 to ₹5 Crores

• Loan Tenure: 12 months

• Rate of Interest: 14% p.a
  
  

High-Value Retention 

• Loan Amount: ₹20 Lakhs to ₹5 Crores

• Loan Tenure: 12 months

• Rate of Interest: 9.9% p.a

Eligibility to Apply for Muthoot Gold Loan

Anyone from any major city who is an Indian citizen can avail of this loan. The only requirement is that they possess the ornaments mentioned, along with the required documents. These ornaments, valued at the lent amount, must belong to them and not to someone else.

Documents Required for Muthoot Gold Loan

• Loan Application Form

• Demand Promissory Note and take the delivery letter 

• Terms and Conditions Letter

• Proof of Identity 

• Proof of Address