Apply for Best Loan Against Gold in Delhi

Gold Loan in Delhi

If you wish to take a gold loan in Delhi, trust Muthoot FinCorp for the best loan schemes and gold loan rates. A gold loan allows a borrower pledges gold jewellery or ornaments as collateral and receive a loan against its value. The loan offered is based on the value of the pledged gold in the current market. Generally, gold loan companies in Delhi offer up to 75% of the total value of the gold as a loan to the borrower. Gold prices are dynamic and vary based on factors such as demand, supply, taxes, etc. The amount you receive against your pledged gold is, therefore, dependent on its value and the location in which you are applying for the gold loan. Thus, your gold loan value may vary in different states on different dates.

Our Presence in Delhi

Delhi or New Delhi is the capital city of India. It offers a unique blend of history, culture and technological advancement for the delight of its residents. From cuisines to heritage and architecture, Delhi has plenty to offer. To get a gold loan in Delhi, walk into any of our 100+ branches spread across the city.

Gold Loan Interest Rate in Delhi

The gold loan interest rates depend on the loan scheme you avail. These gold loan schemes include the Muthoot Blue Guide Gold Loan, Muthoot Easy Blue, Muthoot Easy Plus, Muthoot Easy Max, and Muthoot Easy Pro, etc. These loans are offered for different purposes and have different minimum, and maximum loan amounts. The gold loan interest rates in Delhi begin from 11.99%, depending on the eligibility and the scheme chosen by the borrower. The loan repayment tenure of Muthoot Fincorp ranges from 3 to 36 months. Muthoot Fincorp also has a nominal processing fee ranging from Rs. 12 to Rs. 20 varying across loan transactions.

Gold Loan Eligibility Criteria

To get a gold loan in Delhi, the applicants need to meet the following eligibility criteria:

• Borrowers need to be between 18 – 65 years of age.
• Borrowers can apply for a maximum loan amount of 50 lakhs.
• The gold items kept as collateral should be between 18-24 karats. The Loan to value ratio is up to 75% of the item’s current value in the market.

Required Document for Applying Gold Loan

Only a few basic documents are required to get a loan against gold in Delhi. Thus, borrowers need not worry about tedious and cumbersome documentation processes. The following documents are required to apply for a gold loan-

• Identity proof- Like the Aadhaar Card, Voter’s ID card,
• Address proof- Like Aadhaar Card, recent gas or electricity bill documents.
• Loan Application- A document stating the need for the loan, how it would be used, and the exact loan value.

How to Apply for Gold Loan at Muthoot FinCorp in Delhi

To offer ease to gold loan borrowers in Delhi, Muthoot FinCorp ensures a hassle-free loan application process. Borrowers must follow the steps below to apply for a gold loan–

• Calculate the interest rates, tenure and go through the terms and conditions of the chosen scheme. The Gold loan calculator will seamlessly assist you in this process.
• Look for your nearest Muthoot Fincorp branch and get your gold valued. Submit your gold at the branch for this step.
• Once the gold is valued and documentation is complete, Muthoot FinCorp offers an instant disbursement of the funds.

Reasons to Choose Muthoot FinCorp for Gold Loan in Delhi

Muthoot FinCorp is a popular choice among gold loan borrowers in Delhi due to the ease of processing and minimal documentation. Here is why you should choose Muthoot FinCorp as your gold loan provider too:

• Hassle-free loan application
• Instant fund transfer to your account
• Affordable interest rates and repayment tenures
• Minimal processing fee and no hidden costs.
• Easy documentation
• Online application and tracking facilities of your loan.
• Muthoot FinCorp has a low minimum loan amount. Thus, individuals who require lesser amounts of loans can also apply.
• Flexible eligibility criteria. Thus, self-employed people or people not engaged in organized labor are eligible too.

Gold Loan Provider in Delhi

Avail an instant gold loan in Delhi by walking into your nearest Muthoot FinCorp branch. Our website enables applicants to locate their nearest branch through the easy branch locator feature. Enter the city, the state and the locality in the search panel of the branch locator and get the details of your nearest branch.