Muthoot Gold Loan

Gold Loan at 1%* p.m.

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Muthoot Finance Gold Loan

Muthoot Finance is the biggest gold financing company in India. This financial organization is not only in India but it has its’s business in other countries like the UK, US, and the United Arab Emirates. It is a well established and trustworthy financial organization. There is no risk of fraud. It has accomplished very good relations with the customers. It provides its services to 2 Lakh people per day. So if you want to apply for a gold loan you can easily apply for Muthoot Finance Gold Loan online at lendingwale.com. you just have to give your gold to the organization as a security. The organization will provide your loan amount with some interest. When you will pay back your loan amount with interest within the given period of time you will get back your gold loan. There are so many benefits that Muthoot Finance provides to its customers.

 

Muthoot Finance Gold Loan Eligibility

There are some conditions that the applicant should fulfill to get a Muthoot Finance Gold Loan. These  are written below

  • Age of the applicant should be more than 18 years and less than 65 years. He/she should be able to return the loan amount on time.
  • She/he should have some rigid source of income so that he can give an interest rate to the bank.
  • Applicant should have gold in the form of jewelry. But the purity of the gold should be 18 karats to 22

 

Muthoot Finance Gold Loan Features

  • Muthoot Finance doesn’t accept gold in the form of gold bars, and gold coins.
  • Starting amount of that can be provided to the customers is Rs. 1500 here and it can be extended up to one Crore.
  • Time for the disbursal of the loan is very less here. You will be able to get the amount of loan in your account within a few minutes.
  • Muthoot finance provides very tight security to the gold assets provided by the customers. Customer’s gold is kept under three-layer security. So there is no risk.
  • Muthoot finance provides the facility of prepayment, there are no penalty charges for this.
  • The customer can return the loan amount from 1 day to 36 months.
  • 1% of the loan amount is charged as the processing fees.
  • There are no charges for the for closure.
  • There are no prepayment or part payment charges.
  • Service tax and other governmental tax charges will be applied.

 

Muthoot Finance Gold Loan Interest Rates

  • Interest rate of Muthoot Finance  Gold Loan starts from 12%. More the interest rate more will be the EMI.
  • You can pay back your loan in two ways. Either you can keep the EMI constant and change the time period of the loan Or you can decrease the EMI and keep the time period of the loan same.
  • The interest rate for one month is 11%.
  • It will be 15% for 1 to 3 months.
  • For 3-12 months the interest rate will be 20% and for more than 12 months it is 21% onwards.

Muthoot Finance Gold Loan Documents

  • The whole process is very easy and simple. Documents required in the very simple form. You instantly get a gold loan after issuing the documents. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents so there is no problem with the submission.
  • 2 passport size photos, a passport is needed because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. But the passport should not be expired.
  • Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  • Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. But the condition is that it should not be expired.
  • Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  • PAN card is the permanent account number that is provided to the customers and it prevents from the financial frauds. So it is also considered as an identity/residence proof. Pan card is very essential document under KYC (know your customer)
  • Ration card is also considered as a residence proof because it provides enough information about the applicant.

 

Why LendingWale?

Why we are suggesting applying for the Muthoot Finance Gold Loan by using lendingwale.com over other sites. Lendingwale.com knows the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them 

  • If you apply for the Gold Loan from lendingwale.com you will be entertained by so many benefits.
  • You just have to fill the Muthoot Finance Gold Loan form and you will get a call from our side automatically.
  • After that, You may get some more concessions on the interest rates.
  • Besides that You don’t have to go to the bank.
  • Most importantly Your documents will be picked up from your doorstep.
  • You don’t need to go here and there to ask for interest rate or to get to know about EMI ’s. All you need is to apply on lendingwale.com and you will get back a call back within a few minutes with all the information. So Gold Loan is only one step away from you.



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