Muthoot Blue Restart India Pradhan Gold Loan had been introduced after Covid lock down in the year 2021 . This comparatively high value loan proved to be is an excellent choice for businesses and individuals in the process of restarting their lives. With reasonable interest rates and quick processing, it is the easiest way to meet your financial requirements..
Key Features of RestartIndia Pradhan Gold Loan
- Loan From ₹ 5,00,000
- Maximum Permissible Value for Gold
- Interest rates starts from 11.99% p.a.
- Tenure upto 9 Months
Other Features:
- Payments can be done on a daily, weekly or monthly basis.
- Bullet payment of principal amount along with interest - you can choose to make one lump sum payment to repay the principal amount and interest
- Simple documentation and KYC procedures
- Nominal Processing fee
- Interest applicable on diminishing principal balance basis
- Simple Interest calculation method
- Interest for a minimum period of 7 days will be charged at applicable interest rate if pre closed before 7 days.
Pursuant to the Co-lending guidelines issued by Reserve Bank of India dated November 05, 2020 titled as “Co-Lending by Banks and NBFCs to Priority Sector” (“Co-lending Guidelines”), Muthoot Fincorp Ltd has entered into Co-lending arrangements with Development Credit Bank, UCO Bank and Bank of Maharashtra. Gold loan products/schemes of the Company under Super Value-CL3, Super Value-CL4, Easy Max2 CL4, Easy Pro2 CL Restart India Pradhan CL and Easy Scale Up-CL are offered under the said arrangement. Such Co-lending arrangements /products shall be offered in select locations, as may be mutually decided by the Banks and the Company, from time to time.
To know about the major Terms and Conditions governing such Co-Lending arrangements with Banks, kindly refer to the Appendix as uploaded/ mentioned below:
First-hand account of customer experiences
MUTHOOT BLUE SOCH STORIES
Namaste! I am Chirumamilla shobha. I am staying at Road No 10, Triumulanagar, Hyderabad, very near to Muthoot Blue BN Reddy branch. In 2015, I planned to purchase land to construct my own house independently. During land registration I needed extra Rs. 2 Lakhs. I visited Muthoot Blue branch and received Gold loan of Rs. 2 lakhs within 15 minutes. Now I am at my own house! Second instance that I’d like to share with you is UPSC-IRS coaching of my Son. ...
In 2012 our family was in a difficult financial situation, and I had to make tough decisions for the sustenance of my family. It was at that time that I got introduced to Muthoot Blue. The staff there helped me source a loan against my gold, with which I started my Saree Business. Later I was given a SME loan based on the progress of the same business. ...
I am Parvathi. I am into door to door coconut oil selling business. When I started business, I had a lot of investments that I had to make, but money lenders such as banks, pawn shops, etc. had very high interest rates, and I was unable to avail the same. During this time, I was approached by Muthoot Blue and they offered me products that suited my exact needs and helped my grow my business. I have been taking Gold loan from Muthoot Blue for the past 4 years for my business development. ...
Namaste! My name is Ramesh Naidu. I stay in Anuradha residency, High school road, Ramavarrapadu, Vijayawada. On 20th Nov 2017, at 12:40 pm my mother G.Satavathi aged 74 had a brain stroke & got admitted in the hospital. I was running to arrange money for my mother’s hospital expenses. Finally, I approached MFL branch for Gold Loan and I got the loan immediately and was able to treat my mother. ...
I approached Kaniyapuram Muthoot Blue for a loan. I was a regular customer of Kaniyapuram MFL. They approved a gold loan for me quickly. With that amount and my savings from my previous business I started a small bakery near by MFL branch. The business has grown in a short span of time. Initially I was running the business alone, Now I have 7 staff to support me. ...
When we thought of expanding our business, branch manager counselled me regarding the gold loan that I could avail. My wife also helped me in taking decision of gold loan as I was fully assured of safety of my gold. Till 14th of Feb I have taken gold loan 12 times on a regular basis and repaid the same on time. Followed by the gold loan I also took gold coin when I got to know about this scheme and now, I am the owner of the gold coin too. ...
Blue Soch – Brand Showcase
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#RestartGame #RestartIndia with Muthoot Blue | Jab Zindagi Badalni Ho
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Muthoot FinCorp | Gold Loans | TV Commercial #01
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Muthoot FinCorp Gold Loans | Tailor
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Muthoot 24 x 7 Explainer
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Muthoot FinCorp Gold Loans | Mother-Son
Why Choose RestartIndia Pradhan Gold Loan?
Restart India Pradhan Gold Loan is to help accomplishing the increased life stage aspirations like marriage, children’s education, buying a new car, traveling to new destinations, home improvement etc. This scheme also support fund requirements for investment in new business ventures, expansion of existing business, larger working capital requirements etc.
- Gold Loan Scheme designed to suit life cycle needs/business needs of the customer which requires larger fund requirements.
- Applicable for anyone who meets basic eligibility requirements and has immediate fund requirements .
- Best suited for higher value fund requirements in the order of Rs. 5Lakh & above.
- Maximum Permissible Loan to Value;
- Simple Interest calculation on daily diminishing principal balance basis.
- Suitable for Customers who can pay prompt monthly interest.
- Attractive rate of interest with Interest on Daily Diminishing balance makes it more suitable for Customers with daily/weekly cashflows.
- Flexible repayment options.
- Pre closure and part withdrawals permitted.
Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man.
- We have over 3600 branches across India. Visit your nearest Muthoot Blue branch to get a loan quickly and without any hassle.
- Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
- Our customer-centric approach and innovation over the past 133+ years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.
Visit your nearest Muthoot FinCorp branch now to get an instant RestartIndia Pradhan Gold Loan!
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