Muthoot Finance Gold Loan|Muthoot Gold Loan|Online Gold Loan|Muthoot Gold Loan online apply
About:
Hello friends how are you all? I hope you are fine and doing very good. We are back here for you bringing a new gold loan scheme named as Muthoot Gold loan . If you also need money but you do not have some good amount of money with you but you do have some sort of jewelry or ornaments of gold then you can easily finance it with the help of this gold loan scheme by Muthoot. In this article we will talk about the types, features, advantages, benefits, charges, interest rate, tenure rate, loan amount, documentation , how to apply for this gold loan by Muthoot finance. All the features and specifications of this gold loan are as follows:
Types Of Muthoot Gold Loan:
Lets talk about some of the types of this gold loan scheme provided by Muthoot which are mentioned below:
- Muthoot Mahila loan which is also called MML.
- Muthoot super loan also called MSL.
- Muthoot advantage loan called also as MAL.
- Muthoot high value loan known as MHL.
- Muthoot high value loan plus called by the name of MHLP.
- Muthoot EMI schemes called as MES.
- Muthoot Overdraft Scheme called by MOS.
- Muthoot ultimate loan Called as MUL.
- One percent loan by Muthoot.
- Muthoot delight Loan called also as MDL.
- Muthoot premier loan Called as MPL.
- Muthoot super saver scheme called as MSSS.
- Muthoot big business loans called as MBBL.
So these were the types of the gold loans provided to us by Muthoot finance , if you want to know about any of these then please let me know by your comments.
Interest rate of Muthoot Finance Gold Loan:
So now we will get to know about one the main factors or things which people search for this loan scheme by Muthoot which the interest rate of this loan. All want to know the interest rate of this gold loan this is because the interest rate of this gold loan is far better than any other bank or any gold loan providing institute or any fin corp company as it has a quite impressive interest rate . The interest rate of Muthoot Finance gold loan varies from as low as of 6.90% to as high as 23.00 %.
Muthoot Gold loan Charges:
Processing Fee Of Muthoot Gold loan:
Lets talk about the other thing that is processing fee. The processing fee is that fee which is deducted by the loan provider or banks for processing the loan or you can say these are the charges which are deducted during the transaction of the loan. Usually this fee is paid upfront to the loan provider by you from your pocket on the loan amount but it can also be deducted by the loan provider. The processing fee of Muthoot Finance Gold loan is very low which is rupees 50 with free registration for NAHC.
Fore Closure and Pre-payment Charges Of Muthoot Gold loan:
Lets talk about the pre-payment and the foreclosure charges levied by this gold loan scheme by muthoot finance. As you know that the pre-payment charges and the foreclosure charges are levied by most of the banks on loan amount but you will be glad to know that the pre-payment charges and the foreclosure charges by this bank is nil that is zero.
Stamping Charges Of Muthoot Gold loan:
Lets us discuss the stamping charges .If you do not know what are stamping charges the let me tell you this is the fee that is charged by them on the transference of the tangible assests. There are some charges but these charges are according to the State Act of stamping.
Minimum and Maximum Loan Amount Of Muthoot Gold Loan:
Now we will head towards the other thing which is the minimum and the maximum gold loan . The minimum amount of gold loan you can get is rupees 8000 and the maximum amount of loan that you get is rupees 8 lakh or more depending upon the loan scheme you have chosen.
Tenure rate of Muthoot Gold Loan:
Lets talk about the tenure rate of the muthoot gold loan. The tenure rate is the time that the bank or the loan provider gives you to repayment of the loan. The tenure rate of this gold loan varies from 7 days that is 1 week to 36 months or 3 years.
Collateral and type of Gold Accepted:
Lets talk about the collateral and the type of the gold that is accepted by the Muthoot Finance to provide you loan. You are provider loan against the collateral of your gold. The purity of gold must be 18 to 22 carat having weight of at least 50 grams.
Features Of Muthoot Gold Loan:
Lets us now discuss the features of the muthoot gold loan which are given below:
- It provides an attractive interest rate starting from as low as 6.9%.
- The processing fee is very low that is around rs. 50.
- There is no foreclosure charges.
- There is flexible tenure rate for the repayment of the gold loan.
- There is pre payment of the gold loan with nil that is zero charges.
So these were the features of the Muthoot gold loan.
Eligibility Criteria Of Muthoot Gold Loan:
So now we will discuss about the eligibility criteria of Muthoot gold loan which is given below:
- The applicant must be a citizen of India.
- The age of the applicant must lie between 21 to 65 years.
- The loan amount you get will be given according to the purity of gold.
- The purity of the gold is based on the price of the gold in that city.
- There is no need for the cibil score.
- The purity of the gold must be 18 carat to 22 or 24 carat.
So friends these were the eligibility criteria of the Muthoot gold loan scheme. Now we will discuss about the documents needed for applying the gold loan.
Documents Needed For Muthoot Gold loan:
Lets discuss the documents required for applying for this gold loan by Muthoot finance:
- The applicant must have 3,4 passport sized photos of his own.
- The applicant must have a valid ID proof of his own like Aadhar card, Pan Card, Voter Card, Driving License etc.
- The applicant must have a valid residence proof like his Voter ID, Driving license, telephone bill , electricity bill etc.
- The bill of the gold jewellery or oranamets.
How to Apply For Muthoot Finance Gold Loan:
There are generally 2 ways for applying this loan one is the offline mode and the other is online mode. The offline mode is not as convenient as the online mode so i will tell you about how to apply for this loan in online mode which are as follows:
- First you have to physically go to the nearest muthoot finance company and then provide the gold from which you will get the loan amount.
- Now you have to do all the formality of the documentation which can be done both in online and offline mode.
- After all the formalities you can go to the official website of the Muthoot finance or download their app from Google play store or App store.
- Now have to create an account of your gold loan.
- Now you have to link your bank account from which the Loan interest will be deducted.
- All this linkage process to the bank account will be done after the loan approval
So these were the types, features, advantages, benefits, charges, interest rate, tenure rate, loan amount, documentation , how to apply for this gold loan by Muthoot finance. I hope you all liked this article and also give your feedback by commenting.
