Muthoot Finance Gold Loan - Apply, Eligibility, EMI, Documents Required & Interest Rates
✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation
A gold loan is a secured financing option that can help you quickly meet your immediate financial requirements, by pledging your gold ornaments, jewellery etc.
In this regard, you can consider obtaining a gold loan from Muthoot Finance, a leading financial institution offering gold financing at competitive rates. Muthoot Finance Gold Loan comes with easy eligibility and documentation, making the application hassle-free.
Not only that, but it also assures quick disbursal. Furthermore, the various schemes offered ensure that your financial needs are met. Read on for more details on the Muthoot Finance Gold Loan and how you can avail it on Bajaj Markets.
Before proceeding with a Muthoot Finance Gold Loan application, it is essential to assess the interest rates and charges you may have to pay. Note that the interest rates and charges can significantly affect the overall cost of your borrowing.
Find the interest rate of Muthoot Finance Gold Loan in the below table.
Types of Charges |
Applicable Charges |
Interest Rate |
9.96% p.a. |
Associated Charges |
Security Charges: 0.15%* of loan amount- Minimum ₹60*- and Maximum ₹600*- (Rest of India) |
Repayment tenure |
7 Days – 36 Months* |
Loan Amount |
Starting from ₹1,500* |
Disclaimer: Please note that these rates are subject to changes, and you should contact the lender before applying for a loan.
How to Apply for Muthoot Finance Gold Loan at Bajaj Markets
Applying for the Muthoot Finance Gold Loan is extremely convenient. You just need to fill in the online application form through these steps:
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Click on ‘APPLY NOW’ on this page.
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Enter details like your name, mobile number, and date of birth. Also enter pincode, loan amount required and your email ID.
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A loan representative will contact you to process your application further.
Features and Benefits of Muthoot Finance Gold Loans
Quick Disbursal
Muthoot Finance offers gold financing with quick application approval and disbursal. To enjoy a hassle-free gold loan process, you simply need to meet the eligibility parameters and submit the necessary documents.
No Max Limit on Sanction
The minimum loan amount of Muthoot Finance gold financing is ₹1,500 with no maximum cap on the corpus. So, you can now meet all your big-ticket expenses with ease.
Pre and Part-payment Options
You can also wholly or partly prepay your loan amount with Muthoot Finance. The facility allows you to repay your loan amount before the tenure ends and get access to your gold items early.
Minimal Documentation
Obtain gold financing from Muthoot Finance with minimal documentation. You only need to submit a few KYC documents.
Doorstep Gold Valuation
Gold valuation can happen at the comfort of your home. This adds to your convenience and assures the safety of your gold items.
Disclaimer: Terms and conditions apply to the above-mentioned benefits, and these may vary based on the lender.
To avail of a gold loan by Muthoot Finance, you must fulfil certain eligibility requirements. These are:
You should be older than 18 years
You must be an Indian citizen
Find the document requirements below:
Proof of identity (PAN Card, Aadhaar card, Voter ID card, Passport)
Address proof (Aadhaar card, Voter ID card, Passport) or utility bills
Check out the Gold Price Today in karnataka for different weights below
Gram |
24 Carat Gold Rate Today |
24 Carat Gold Rate Yesterday |
Daily Price Change |
| 1 Gram | ₹ 5,989 | ₹ 6,000 | ₹ -11 |
| 8 Gram | ₹ 47,912 | ₹ 48,000 | ₹ -88 |
| 10 Gram | ₹ 59,890 | ₹ 60,000 | ₹ -110 |
| 100 Gram | ₹ 5,98,900 | ₹ 6,00,000 | ₹ -1,100 |
22 & 24 Carat Gold Rate in karnataka for Last 10 Days
Before you proceed with your Muthoot Finance Gold Loan application, you must compare the interest rate offered by different banks and financial institutions:
Name of the Partner |
Interest Rate |
Repayment Tenure |
|
9.5% - 28% p.a. |
Up to 12 Months |
||
9.24% p.a. onwards |
61 Days - 12 Months |
||
9.96% p.a onwards |
7 Days - 36 Months |
||
9.96% p.a onwards |
3 Months – 12 Months |
||
8.88% p.a. onwards |
3 Months – 12 Months |
||
11.88% p.a. onwards |
1 Month – 60 Months |
Disclaimer: The above details are subject to change as per the policies of the financial institution.
For any queries regarding your Muthoot Finance Gold Loan, or any aspect related to the process, you can call 78348 86464 or 99469 01212 if you reside in the southern states of India. If you reside in northern, eastern, or western regions of India, you can reach out through 1800 313 1212.
FAQs on Muthoot Finance Gold Loan
The minimum limit on the Muthoot Finance Gold Loan is ₹1,500.
Any Indian citizen above the age of 18 years is eligible to avail of a Muthoot Finance Gold Loan.
No, it is not necessary to have a third-party guarantor to obtain a gold loan from Muthoot Finance.
To obtain gold financing, you can pledge any type of gold ornaments or jewellery like rings, necklaces etc. The purity of the gold must be at least 22 carats. However, it is also important to note that mangalsutra and coins will not be accepted.
You can repay the loan amount through Debit card, UPI, iMuthoot App, cash, or cheque. Demand drafts and credit cards will not be considered.
