He soon went on to become the largest player in Chits & Gold Loans. Muthoot Gold Loan Interest Rate. 1 Most Trusted Financial Services Brand, as per Brand Trust Report, for the 5th year running (2016-2020). Muthoot Global UK’s operations are aimed at providing simple and quick foreign exchange services. NBFC Muthoot Finance said the demand for gold loan is consistently rising. Why the stock of Muthoot Finance is a good buy How do you compete with banks, which are offering gold loans at about 7.50 per cent? A prior good relationship with the financial institution can also secure you a better rate … Loan can be taken quick and easy from # MuthootFinance India’s No. Since the gold loan application process is easy and quick, it is one of the most preferred loans to take during an emergency. We have interest rates ranging from 11.9% to 22%. Usually unsecured loans reflect processing fee of up to 2.5 percent of the total loan amount, but in Muthoot gold loan, one has to pay only 0.25% to 1% on the complete loan amount at processing fee. Muthoot Loan against Gold Interest Rate Calculator. The operations of the group at the global level comprise gold loans, money transfer, Cheque cashing, … Muthoot Finance is also an NBFC that is famous for providing the service of Gold Loan. 1800-420-22-33 (24x7) Thus, a longer tenure loan will cost more than shorter tenure one at same interest rate… Gold Loan Calculator -Calculate per gram gold loan rate using Gold Loan Calculator. Gold coins are available in attractive blister packs Coin size 16 mm in length and 16 mm in width This product is assay certified and purity certificate is printed on the back side of the packaging Muthoot Gold Bullion Corporation, is an arm of The Muthoot Group, India's most trusted financial services brand. When applying for a gold loan, a processing fee is charged. Personal Loan by Top Banks. If pledging gold ornaments or jewellery, only the parts that are gold are used to calculate the value; other metals, stones and gems are excluded from the calculations. Even today, people from across the state are happy to come to Kozhencherry for gold loans & chits. Get loan against gold jewellery from Muthoot at Golduno. Gold Loan worth crores of Rupees can be availed to meet … With the growing popularity of gold loans every year, it is important to know not only what gold loan is but also how it works, gold loan interest rates, and other related details. The interest rates on gold loan, availed by pledging gold, are relatively lower than other types of loans and range between 7.05% to 29% p.a. The top two gold loan providers in the country are Muthoot Finance and Manappuram Finance. Interest Rate: The interest rate on Muthoot Finance gold loan is fixed depending on the gold loan scheme. Apply online for Muthoot Gold Loan by comparing interest rates and eligibility criteria. Instant Cash up to Rs.10,000 No Hidden Charges. So any high cost debt, probably any high cost debt from any source, even a credit card, etc, or even a credit card which is high cost, they can always come to Muthoot and take a gold loan and consolidate that loan into a gold loan with less interest. We at Muthoot Gold Bullion Corporation, a Muthoot Group endeavor, provide ample opportunities to all of our customers to fulfill their dream of investing in gold with top purity, best quality, and design through various gold purchase schemes. Discounted rates could be applicable for applicants from large companies, government sector employees, etc. 1,500; Maximum – No Limit Loan Tenure: 7 days to 36 months: Collateral/Security: Any gold item of up to 50 g with a purity of 18K to 22K: Processing Fee: 0.25% to 1% of the loan … Muthoot Gold Point, a leading gold buyer in Bangalore, offers safe and 100% transparent processes to sell gold for cash in Bangalore at the best gold rate per gram. All the loan schemes except for Muthoot EMI scheme has a loan tenure of 12 months. MSME at such times requires quick money to restart their business and a gold loan proves to be a solution to meeting temporary working capital needs. 3,321: Loan Amount: Minimum – Rs. The Muthoot Finance personal loan interest rates vary between 14% and 24% per annum. The Gold Loan Interest Rate of Muthoot starts at 12% per annum. 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