Muthoot Finance Rate of Interest 2022 Latest News

Muthoot Finance Rate of Interest 2022 Latest News

Muthoot Finance Rate of Interest: Gold as an asset class has been used by Indians for centuries to prepare for events. However, selling gold jewelery to meet financial needs does not come easily to us. Gold loans are the perfect way to redeem unused gold jewelery for instant financing for a variety of needs.

Traditional loans given by banks and other financial institutions are quite time consuming and the process is lengthy. Gold loan can be availed from Muthoot Finance with minimal documentation and assured quick disbursement

It offers the best gold loan interest rates on its various gold loan schemes. It has the lowest interest rate on gold loan and this attractive gold loan interest rate helps the customers to meet their short term financial obligations.

Muthoot Gold Loan Interest Rates /Gold Loan Per Gram

Muthoot Finance Rate of Interest: Muthoot Finance offers its customers a wide portfolio of Gold Loan with various interest rates. Any type of loan is made up of two components: principal and interest. Similarly, a gold loan is fully repaid only when both the components have been repaid, i.e. the principal and the interest on the gold loan.

  • Thus, even while availing a gold loan, you should choose a lender that offers the lowest interest rate gold loan. This decision is important so that you do not end up paying extra money to pay off the gold loan interest. Gold loans offered by Muthoot Finance are not only quite convenient to avail but also offer the lowest interest rate on gold loan. When gold loan interest rates of all banks with Muthoot Finance are compared, their gold loan interest rates are among the most attractive.

Gold Loans Interest Rate | Interest Rates on Various Gold Loans

Muthoot Finance Rate of Interest: Once you have decided to take a gold loan, you should be clear about your financial requirement, the tenure you want to fulfill, and the gold loan interest you are comfortable with. Based on all these factors, you can choose from a number of gold loan schemes with different gold loan interest rates offered by Muthoot Finance. To know more about the loan schemes offered by Muthoot Finance and the applicable gold loan interest rates, please visit the website https://www.muthootfinance.com/gold-loan Or visit the nearest branch.

Apart from a variety of gold loan options and low gold loan interest rates, Muthoot Finance also offers attractive discounts on EMI schemes and repayment plans. For example, discounts are offered on monthly and quarterly gold loan interest payments.

Calculation Of Muthoot Gold Loan Interest Rate | Gold Loan Interest Rate Calculation

Muthoot Finance Rate of Interest: For the ease of its customers, Muthoot Finance has a slew of tools to help them navigate the process of obtaining a gold loan. One of them is Online Gold EMI Calculator. Customers seeking a gold loan from Muthoot Finance can easily visit their website and check their loan eligibility, using the online gold loan calculator. All you need to do is enter the details like name, email-id, contact number, type of gold, amount required by you and few other details. It is to be noted that the online loan eligibility is an approximate value and the exact loan eligibility is calculated after evaluating the gold in-house at the branch.

After the customer knows his loan eligibility, he can also use the online Gold Loan EMI calculator to calculate EMI. Again, the online EMI value is an approximate value that depends on the interest rate of the gold loan plan and the tenure you choose. Customers will be happy to know that Muthoot Finance has one of the lowest gold interest rates in India as compared to gold loan interest rates offered by all banks.

Best gold loan interest rates and exceptional customer service have made Muthoot Finance Loan Against Gold Interest Rate a deciding factor for its customers. To sum it up, the gold loan interest rate depends on the type of loan scheme availed and its tenure. And this knowledge of gold loan interest is important as it directly affects your loan EMI. Thus, a low interest gold loan can reduce your repayment cost to a great extent.

Muthoot Finance Rate of Interest: Additional Charges , extra charge

Muthoot Finance Rate of Interest: Interest on gold loan is not the only thing that the customer has to pay. There are additional charges that the customer has to bear and are listed on their website. Apart from offering the lowest gold loan interest rates among its contemporaries, the service charges of Muthoot Finance are also quite nominal. Thus, with the best Gold Loan interest rates with customer-centric focus, Muthoot Finance offers Gold Loan interest rates that are quite attractive.

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Gold Loan Schemes | Gold Loan Schemes

MUTHOOT ONE PERCENT LOAN

  • Online Gold Loan (OGL) facility available
  • Loan Amount: Rs. 1,500 to Rs. 50,000
  • Tenure: 12 Months
  • Free insurance of pledged gold ornaments
  • Scheme with lowest interest rate (12% p.a.) if 100% interest is paid monthly

MUTHOOT ULTIMATE LOAN (MUL)

  • Online Gold Loan (OGL) facility available
  • Loan starting Rs.1,500 with no maximum limit Tenure: 12 months
  • Free insurance of pledged gold ornaments
  • The interest rate is 22% per annum. With 2% discount if 100% interest is paid monthly

MUTHOOT DELIGHT LOAN

  • Online Gold Loan (OGL) facility available
  • Loan Amount: Rs 1 lakh to Rs. 5 lakh
  • Tenure: 12 months
  • Free insurance of pledged gold ornaments
  • low interest rates

MUTHOOT EMI SCHEME (MES)

  • Rs. Loan starting from 20000 and no maximum limit
  • Tenure: 6, 12, 18, 24, 30, or 36 months
  • No penalty on prepayment
  • Attractive 21% interest rate (reducing balance)
  • Maximum Value Loan Offered
  • 3 days grace period for late payment of EMI
  • Freedom to pay one or more EMIs depending on your convenience

MUTHOOT MUDRA LOAN

  • Offered only in South India branches
  • Loan Amount: Rs 1,500 to Rs. 1 Lac
  • Highly discounted rate of 11.9% p.a.

MUTHOOT ADVANTAGE LOAN

  • Online Gold Loan (OGL) facility available
  • Introduced at Branches in the North, East
  • Loan Amount: Rs 1,500 to Rs 5 lakh
  • Tenure: 12 months
  • Free mortgage mortgage insurance
  • Attractive interest rate 20% p.a.

MUTHOOT HIGH VALUE LOAN PLUS (MHP)

  • Online Gold Loan (OGL) facility available
  • Rs. Loan starting from 5 lakhs and no maximum limit
  • Tenure: 12 Months
  • Free insurance of pledged gold ornaments
  • Interest rates at least 12% p.a.
  • Maximum loan value offered

MUTHOOT HIGH VALUE LOAN (MHL)

  • Online Gold Loan (OGL) facility available
  • Rs. Loan starting from 3 lakhs and no maximum limit
  • Tenure: 12 Months
  • Free mortgage mortgage insurance
  • The interest rate as on date is at least 18% per annum.
  • Maximum loan value offered

MUTHOOT BIG BUSINESS LOANS

  • Low interest rates with maximum LTV
  • Tenure: 12 Months
  • Free insurance of pledged gold ornaments
  • Online Gold Loan (OGL) facility available
  • Loan Amount: Rs 25 lakh to Rs 500 lakh as per plans
  • Muthoot Big Business Loan Silver @9.5% p.a.
  • Muthoot Big Business Loan Platinum @ 9% p.a.
  • Muthoot Big Business Loan Diamond @ 9% p.a.
  • Muthoot Big Business Loan Elite @ 9% p.a.

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1. How to get Gold Loan at lowest interest rates on Muthoot Finance?

At Muthoot Finance, you can get the lowest interest rate on Gold Loan and the minimum loan amount that can be availed is INR 1,500. Choose from multiple gold loan schemes available on the website depending on the loan amount and tenure of the loan.

2. How does the repo rate affect the Muthoot Finance interest rates on Gold Loan?

The repo rate is directly proportional to the floating rate of the gold loan. The interest rate of Muthoot Finance Gold Loan also comes down when the repo rate is cut. If the gold loan amount is given at a fixed rate, the repo rate does not affect the gold loan interest rate in Muthoot Finance.

3. Can I pay interest only on Muthoot Finance Gold Loan?

Muthoot Finance offers Gold Loan at best interest rates. Not only does the applicant have to pay interest on the gold loan but also an additional service charge that the customer has to pay.
Apart from the best gold loan interest rates, the additional charges are very nominal and listed on the Muthoot Finance website.

4. Can I get an interest free Gold Loan on Muthoot Finance?

At Muthoot Finance, interest rates are included in the repayment of all Gold Loans. The minimum gold loan amount that an applicant can avail from Muthoot Finance is INR 1,500, with no maximum limit.

5. Can I get an interest free Gold Loan on Muthoot Finance?

At Muthoot Finance, interest rates are included in the repayment of all Gold Loans. The minimum gold loan amount that an applicant can avail from Muthoot Finance is INR 1,500, with no maximum limit.

6. How is the Gold Loan interest rate calculated in Muthoot Finance?

Muthoot Finance has a slew of tools to help its customers navigate the process of obtaining a gold loan. An applicant can use the online gold loan interest calculator on the Muthoot Finance website to give an approximate value of the interest rate. The online EMI value depends on the interest rate and tenure of the gold loan chosen by the applicant.

7. What are the current Gold Loan interest rates in Muthoot Finance?

Gold loan interest rate in Muthoot Finance is determined by several factors, such as the loan amount, loan tenure, loan required, and the value of the gold that you can pledge with the bank. To know the current Gold Loan interest rates, visit the Muthoot Finance website or visit the nearest branch.

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