14-Jul-2020
Muthoot FinCorp NCD bonds June 2020 – Invest 1 Lakh and get 1.6 Lakhs in 5 years – What about risks?Gold loans are a form of secured loans given against gold assets and jewellery. A gold loan proves to be a quick and instant solution to any cash crunch or financial situation you are facing. This includes business investments, medical emergencies, weddings, education, and travel plans. Muthoot FinCorp offers some of the best gold loan schemes in the market.
Muthoot FinCorp – ‘Mera Gold Loan, Mera Interest’ with Virat Kohli
Muthoot FinCorp is one of India’s leading NBFCs providing gold loans today. You don’t need credit checks or proof of income to get the loan approved. What’s more, you also get faster processing and approvals for your gold loan as well as flexible terms of repayment. All you need to do is walk into a Muthoot FinCorp branch near you, pledge your gold and provide documentation for KYC. You can walk out of the branch with your loan amount on your first visit itself.
The interest rates charged on gold loans at Muthoot FinCorp have been created to ensure a smooth and hassle-free loan experience for its borrowers. The interest rates start as low as 11.99% per annum* and vary based on the amount of money you choose to borrow and the gold loan scheme you choose.
There are several gold loan schemes for you to choose from based on your needs. Keep in mind that the loan amount you are allowed is about 75% of the value of the gold you are pledging.
Name of Gold Loan Scheme | Interest Rate | Loan Amount | Tenure |
---|---|---|---|
RestartIndia Pradhan Gold loan | 11.99% p.a | Minimum Rs.5 lakh | 6 Months |
Muthoot Easy Pro | 18% p.a | Rs.3 lakh to Rs.499999 | 9 Months |
Muthoot Easy Max | 21% p.a | Rs.1 lakh to Rs.299999 | 9 Months |
Super Value Gold Loan | 23% p.a | Applicable through all ticket sizes | 9 Months |
Muthoot Easy Blue | 18% p.a | Upto Rs. 1 Lakh | 9 Months |
There are several benefits of choosing Muthoot FinCorp for your gold loan requirements.
Muthoot FinCorp provides the lowest interest rates of gold loans in the market today. However, there are several factors affecting the final interest rate that you are charged.
To know more or to apply for a gold loan, contact our team of experts today.
Disclaimer: These details are as per the update on 26th April 2022. Any changes may happen in schemes depending upon the date you are reading this blog.
Learn how Gold Loan can improve your credit score Read More
Harshit Agrawal 2022-04-19
Difference Between Gold Loan Vs. Loan Against Property Read More
Harshit Agrawal 2022-04-18
The Complete Overview Of Gold Loan Renewal Read More
Harshit Agrawal
Which Is Better? – Gold Loan With Overdraft or EMI Read More
Harshit Agrawal 2022-04-14
Explore funding options with our low interest rate Gold Loan Schemes Read More
Harshit Agrawal 2022-03-26