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Whether you need money urgently for a medical emergency, a wedding, or for that long- awaited family vacation, a gold loan serves many purposes. They are a great way to service immediate financial requirements by ensuring that unused gold articles generate value for you. Gold loans have become quite popular in recent with their quick turnaround times (TATs) for disbursal as they do away with the tedious process of a conventional secured loan. With convenient gold loan eligibility calculation, quick disbursals, and low interest rates, availing a gold loan with Muthoot Finance is a seamless affair.

Gold Loans are Safe and Quick

The average person invests his/her hard-earned money in different kinds of financial instruments such as fixed deposits, mutual funds, stocks, as well as real estate. However, most of these investments are for the medium and long term. Most Indian households have gold articles that are usually kept in a bank locker. For short-term or immediate liquidity, gold loans can be availed against unutilized gold jewellery items according to the gold loan eligibility of a person. The pledged gold ornaments are securely kept in lockers under surveillance and are handed back to the customer once the loan has been repaid in full. Gold Loan Eligibility Calculator

Before availing a loan against your gold jewellery from Muthoot Finance, you have to first decide on your financial requirement. The next step is to find out your gold loan eligibility. Muthoot Finance’s Gold Loan Eligibility Calculator is a quick and convenient way to calculate your gold loan eligibility. You may either do it online
on https://www.muthootfinance.com/ or visit your nearest branch. All you have to do is input details such as name, email ID, contact number, state, pin code, type of the gold articles, the amount needed, and the approximate weight of your gold. Our online gold loan eligibility calculator gives you an approximate value of your gold loan
eligibility.  It should be noted that the final gold loan eligibility value will be arrived at only after a detailed in-house evaluation of the gold by Muthoot Finance’s experienced team. Apart from the weight of the gold, the purity of the gold and the rate of gold on a particular day is also taken into consideration for calculating one’s eligibility.

Benefit of Using Gold Loan Eligibility Calculator

The main benefit of Muthoot Finance’s online Gold Loan Eligibility Calculator is that even before you visit a branch, you have an idea about the amount of loan you are eligible for. Although your final eligibility for the gold loan would depend on many other factors, an estimated loan value could help you plan accordingly.

Gold Loan Eligibility Calculation (Per Gram)

Gold loan eligibility per gram refers to the percentage of gold value that will be considered for calculating the eligibility for a gold loan. The valuation of your gold will depend upon the weight of the gold articles, the rate of gold on that particular day as well as the purity of the gold. The lender will typically loan a percentage of this value of gold and this is called the gold loan eligibility per gram.

Your gold loan eligibility will depend upon the value per gram of your gold jewellery. Muthoot Finance offers one of the best values for your gold which means your gold loan eligibility becomes significantly higher.

Tenures and Amount of Gold Loans from Muthoot Finance

Muthoot Finance offers its customers the choice of availing a gold loan as per their financial goals and requirements. The many loan schemes from Muthoot Finance offer customers a plethora of choices, ranging from gold loans with the maximum tenure as well as minimum amount gold loans.  Based on the needs and the customer’s eligibility for a gold loan, the minimum tenure of a gold loan from Muthoot Finance is of 7 days and the maximum gold loan tenure is of 12 months for normal schemes, and for EMI-based schemes, the maximum gold loan tenure is 36 months.

Apart from the minimum and maximum gold loan tenures, Muthoot Finance also offers its customers the flexibility of maximum and minimum gold loan amounts. According to one’s gold loan eligibility, the minimum amount of gold loan that a customer can avail of is as low as Rs 1500. Thus, a customer is spoiled for choice when he/she decides to avail any of Muthoot Finance’s several gold loan schemes. Visit your nearest Muthoot Finance branch to know about all the loan schemes available in detail.

Calculation of Gold Loan EMI

Once the eligibility of the gold loan and gold loan eligibility per gram have been calculated, an amortization schedule is prepared. This schedule provides the EMI that you need to service and is a combination of the principal amount and the rate of interest applicable. Muthoot Finance’s gold loan EMI calculator available online gives an estimated EMI but the final value is calculated at the branch by the team. There are many repayment options in addition to the conventional monthly instalment plans.

Key Points to Consider Before Availing Gold Loans

The most important factor to consider before availing a gold loan is your financial requirement and opting for a loan that fits your criteria. Apart from your eligibility for the

gold loan, gold loan eligibility per gram for the gold articles and EMI of the loan, there are a few charges, terms, and conditions that you should be aware of. These charges may vary according to your state and the loan scheme you have applied for. For details on the terms and conditions, please visit https://www.muthootfinance.com/gold-loan or your nearest branch.

Muthoot Finance, with its vast portfolio of gold loans, promises the best value for your gold, clear terms of gold loan eligibility, flexibility on the minimum and maximum gold loan tenures as well as the maximum and minimum gold loan amount. We value the emotional bond Indians have with their gold jewellery that is often passed down generations. The pledged gold ornaments are securely kept in strong rooms under CCTV surveillance. Once the gold loan is fully repaid, your gold is safely and quickly returned. A huge network of over 5000 branches means that you are never too far away from realizing your dreams.

Gold Loan Schemes

MUTHOOT
ONE PERCENT LOAN

  • Small loans at low interest rates.
  • Loan Amount: ₹1,500 to ₹50,000

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MUTHOOT
ULTIMATE LOAN (MUL)

  • Maximum loan value and discounts on timely interest payments.
  • Loan Amount: Starting at ₹1,500

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MUTHOOT
DELIGHT LOAN

  • Loan Amount: Starting at ₹50,000
  • Loans upto ₹5 crores - with lower interest rate

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MUTHOOT
MUDRA LOAN

  • Special loan scheme for women that’s available at South India branches.
  • Loan Amount: ₹1,500 to ₹1 lakhs

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MUTHOOT
ADVANTAGE LOAN

  • Competitive per gram and interest rates.
  • Loan Amount: ₹50,000 to ₹5 Crores

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MUTHOOT HIGH VALUE
PLUS LOAN (MHP)

  • Loans curated for the business community.
  • Loan Amount: Starting at ₹2 Lakh

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MUTHOOT
HIGH VALUE LOAN (MHL)

  • Loans which are ideal for longer periods.
  • Loan starting from ₹50,000 and no maximum limit

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MUTHOOT BIG BUSINESS LOANS

  • Low rates of interest with maximum LTV
  • Tenure: 12 months

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BEST VALUE SCHEME (BVS)

  • Offered at South India branches only
  • Loan Amount: ₹50,000 to ₹5 Crores

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HIGH VALUE RETENTION (HVR)

  • Offered at South India branches only
  • Loan Amount: ₹20 Lakhs to ₹5 Crores

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  • GOLD LOAN SCHEMES

    Avail the best interest rates and quick loan disbursals with Muthoot Finance.

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    Begin your gold loan journey with Muthoot Finance today!


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Service Charges relating to Gold Loan

SL No. Type of Charges Corporate Rate of charges applicable
1 Service charges -Fresh loan- Rate applicable on loan amount (IPL)

Southern Branches

IPL (1%) ( For 12 months period only)
2 Service charges -Fresh loan- Rate applicable per account (ZIL/ZIP)

ALL

ZIL/ZIP-Rs.50/loan
3 Service charges -Fresh loan - Rate applicable per account (MBD/MBE)

Rest of India

MBD/MBE-Rs.2,500/loan
4 Security charges- Fresh loan

Rest of India

0.15% of loan amount- Minimum Rs.60/- and Maximum Rs.600/-
5 Token charges- (For schemes except given in Sl no.1, 2, 10 & 11)

Southern Branches

Loan up to Rs.10000/- -->Rs.10/- and Above Rs.10000/- -->Rs.20/-
6 SMS charges

ALL

Rs.5/per quarter at the time of closure or renewal
7 Notice Charges (Applicable for loans under all schemes) Southern Branches

Rest of India
3 ordinary notice Rs.30/each and 4th notice-Registered-Rs.100/-

3 ordinary notice Rs.30/each and 4th notice-Registered-Rs.100/- Auction Notice charges Rs.120/-
8 Token lost charges (Applicable for loans under all schemes)

ALL

Rs.25/-(in addition to cost of stamp paper applicable)
9 Stamp duty levied by State Governments

States🡪Karnataka , Andhra and Rajasthan

Actuals where ever applicable
10 GCS

Southern Branches

1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months)

2.If the transaction is through branches then Rs.99/- per transaction

11 GCL

Rest of India

1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months)

2.Part release charges of Rs.499/- per transaction

3.If the transaction is through branches then Rs.99/- per transaction

12 Loan @ Home charges

ALL

Upto Rs.500/- for loan @ home services
13 Loan @ Home charges

ALL

If loan amount Amount
>Rs.3 L to Rs.5 L Rs.25/-
>Rs.5 L to Rs.15 L Rs.40/-
>Rs.15 L to Rs.50 L Rs.50/-
>Rs.50 L Rs.75/-
14 Door to Door collection charges (Follow up for interest / loan recovery)

Southern Branches

Rs.150/- plus GST per customer for recovery made through customer follow up visit

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Ask an Expert

NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212

SOUTH INDIA CALL CENTER NO.:
99469 01212

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

Refer a Friend*

Refer a friend & get a Chance to
Win Exciting Muthoot Finance Merchandise

refer now
*T&C apply

Ask an Expert

NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212

SOUTH INDIA CALL CENTER NO.:
99469 01212

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

FAQs

Anyone above the age of 18 is eligible for a gold loan. Muthoot Finance uses a gold loan eligibility calculator which determines the amount of gold you are eligible for based on the amount of gold you have and the purity of the gold. You can check the gold loan eligibility online or visit the nearest Muthoot Finance branch.

Muthoot Finance requires only basic Know Your Customer (KYC) documents to avail of a gold loan. The documents required for a gold loan are loan application, demand promissory note, terms and conditions letter, proof of identity, and proof of address. Depending on the requirements of an applicant, there might be other documents required for a gold loan as well on a case-by-case basis

No, Muthoot Finance eligibility for a gold loan is a minimum of 18 years of age. The applicant should be of Indian nationality and should have a steady source of income. The eligibility for a gold loan also depends on the value and purity of the gold an applicant will pledge to avail a loan.

The gold loan eligibility for Muthoot Finance is a minimum of 18 years of age. Additionally, the applicant should be a resident of India.

According to one’s gold loan eligibility, the minimum loan amount that an applicant can get is INR 1,500. As per the applicant’s needs, one can choose from Muthoot Finance’s several schemes to get the maximum gold loan amount depending on per gram of the pledged gold.

Muthoot Finance gold loan amount per gram depends on the purity and value of the pledged gold. Muthoot Finance uses an eligibility calculator to define the eligibility of an applicant to apply for a gold loan. Check for the latest gold loan amount per gram by applying on the Muthoot Finance website or visiting the nearest branch.

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