Muthoot Finance Gold Loan

Get a Muthoot Finance Gold Loan by pledging gold ornaments such as jewellery to meet your financial needs. You can apply through Bajaj Markets, and get quick access to funds at competitive interest rates. 

You can get a loan amount starting from ₹1,500, with no fixed upper limit, giving you flexibility to manage both small and substantial expenses.

Before knowing the interest rate, it is essential to note that the rate offered to you depends on your eligibility for the loan and the lender’s discretion. 

If you have a strong credit history and fulfil their eligibility criteria, you may be able to negotiate for a lower interest rate. The table given below showcases the interest rate you can expect from the lender, along with some other details:

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

Alongside the loan’s interest rates, it is essential to note the other associated charges of the loan. Here is a list of some additional charges you may need to pay when getting a gold loan from Muthoot Finance. Ensure to make a note of these, as they usually have a major impact on your loan’s total repayment cost.

Before applying, ensure you meet the following Muthoot Finance Gold Loan’s eligibility requirements:

• You have to be an Indian citizen 

• Your age must be between 18 and 70 years

• The submitted collateral must meet the purity requirements set by Muthoot Finance

During the application, you need to keep some documents ready to complete the process. Here is the list of documents required when applying for a Muthoot Finance Gold Loan:

• Identity proof (Any one of the following): 
  • PAN card
  • Aadhaar card
  • Voter ID card
  • Passport

• Address proof (Any one of the following):
  • PAN card
  • Aadhaar card
  • Voter ID card
  • Passport
  • Utility bills

You can apply for the Muthoot Finance Gold Loan on Bajaj Markets app or website by following these simple steps:

1. Click on the ‘CHECK ELIGIBILITY’ button on this page or install the Bajaj Markets App from Google Play Store or App Store

2. Choose ‘New Gold Loan’ as your loan type

3. Enter your personal details, including your name, mobile number, and date of birth

4. Specify the amount of loan you desire and your PIN code

5. Select your gender (male, female, or other) and input your email address

6. Click on ‘SUBMIT’

After this, a representative will contact you. They will set a date for your gold’s appraisal.

Muthoot Finance offers different types of gold loan schemes to its customers. Each scheme has its own advantages and addresses various financial needs and customer requirements. Here is the list of the schemes:

• Muthoot One Percent Loan: Provides a small amount of gold loan with the lowest interest if you pay monthly
• Muthoot Ultimate Loan (MUL): Offers a flexible gold loan with a rebate on interest for monthly payments
• Muthoot Delight Loan: Gives a high-value gold loan at low interest for larger financial needs
• Muthoot Mahila Loan (Mudra Loan): Offers a discounted gold loan for women, available at South India branches
• Muthoot Advantage Loan (BBL): Offers larger gold loans with competitive rates, available at South India branches
• Muthoot High Value Loan Plus (MHP): Provides high-value gold loans with low interest and maximum loan limits
• Muthoot High Value Loan (MHL): Offers flexible high-value gold loans with competitive rates in South India branches
• Muthoot Big Business Loans (BBL): Supports businesses with tiered gold loans (Silver, Platinum, Diamond, and Elite) at low interest rates
• Best Value Scheme (BVS): Offers gold loans at highly discounted interest rate, at the South India branches
• High Value Retention (HVR): Provides high-value gold loans with the lowest interest at the South India branches

Muthoot Finance offers online payment options for different payment plans. You can choose the method that suits you best. Here are the some options to repay your loan:

• EMI Repayment: Pay the principal and interest equally each month for a structured plan
• Interest-first Payment: Clear the interest first, then repay the principal later
• Bullet Payment: Pay the entire principal and interest at the end of the loan tenure
• Partial Payments: Make payments in parts according to your convenience without strict timelines
• Pre-closure: Repay the full loan amount before the due date to close the loan early

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.