Rate of Interest at Muthoot Finance 2022

Rate of Interest at Muthoot Finance 2022 | NCD Rate of Interest

Muthoot Finance Rate of Interest 2022 And NCD Rate of Interest

Rate of Interest at Muthoot Finance 2022 | NCD 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 the financial needs does not come easily to us. Gold Loan is the perfect way to redeem unused gold jewelery for instant funding for a variety of needs.

Conventional loans offered by banks and other financial institutions are 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 loans and this attractive gold loan interest rate helps customers meet short-term financial obligations.

Muthoot Gold Loan Interest Rates /Gold Loan Per Gram

Muthoot Finance Rate of Interest: Muthoot Finance offers a wide portfolio of Gold Loan to its customers 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, i.e. the principal and the gold loan interest, have been repaid.

Thus, even while availing gold loan, you must choose a lender who offers gold loan at the lowest interest rate. This decision is important so that you do not end up paying extra money to repay 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 loans. When gold loan interest rates of all banks are compared with Muthoot Finance, their gold loan interest rates are the most attractive.

Muthoot Finance Rate of Interest

Gold Loan Interest Rate | Interest Rates on Various Gold Loans

Muthoot Finance Rate of Interest: Once you have decided to take a gold loan, you must be clear about your financial requirement, the tenure you want to repay, and the gold loan interest you are comfortable with. Based on all these factors, you can choose from multiple gold loan schemes with different gold loan interest rates offered by Muthoot Finance. For more information on loan schemes offered by Muthoot Finance and applicable gold loan interest rates, please visit 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 EMI plans and attractive discounts on repayment. 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 several tools to help them navigate the process of availing a gold loan. One of them is the Online Gold EMI Calculator. Customers desirous of gold loan from Muthoot Finance can simply visit their website and by using the online gold loan calculator, they can get their loan eligibility. You just need to enter 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 in-house gold valuation at the branch.

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

Best gold loan interest rates and exceptional customer service have made Muthoot Finance’s Gold Loan at 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 , additional 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 which are to be borne by the customer and are listed on their website. Apart from offering the lowest gold loan interest rates among its contemporaries, Muthoot Finance’s service charges are also quite nominal. Thus, with a customer-centric focus along with best gold loan interest rates, Muthoot Finance offers gold loan interest rates that are quite attractive.

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 for 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
  • Loans starting from Rs.1,500 and no upper limit Tenure: 12 months
  • Free insurance for 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 for pledged gold ornaments
  • low rates of interest

MUTHOOT EMI SCHEME (MES)

  • Rs. Loan starting from 20000 and no upper limit
  • Tenure: 6, 12, 18, 24, 30, or 36 months
  • No penalty on prepayment
  • Attractive 21% interest rate (reducing balance)
  • Maximum Value Loan Offer
  • Grace period of 3 days for late payment of EMI
  • Freedom to pay one or more EMIs based 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 into branches in the north, east
  • Loan Amount: Rs 1,500 to Rs 5 Lakh
  • Tenure: 12 months
  • Free Insurance of Pledged Jewelery
  • Attractive interest rate of 20% p.a.

MUTHOOT HIGH VALUE LOAN PLUS (MHP)

  • Online Gold Loan (OGL) facility available
  • Rs. Loan starting from 5 lakhs and no upper limit
  • Tenure: 12 months
  • Free insurance for pledged gold ornaments
  • Interest rates as low as 12% per annum
  • Maximum Loan Value Offered

MUTHOOT HIGH VALUE LOAN (MHL)

  • Online Gold Loan (OGL) facility available
  • Rs. Loan starting from 3 lakhs and no upper limit
  • Tenure: 12 months
  • Free Insurance of Pledged Jewelery
  • 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 for pledged gold ornaments
  • Online Gold Loan (OGL) facility available
  • Loan Amount: Rs 25 Lakh to Rs 500 Lakh as per the 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.

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

At Muthoot Finance, you can avail 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 loan tenure.

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

The repo rate is directly proportional to the floating rate of the gold loan. The Muthoot Finance Gold Loan interest rate also comes down when the repo rate is cut. If the gold loan amount is given at a fixed rate, then the repo rate does not affect the gold loan interest rate at 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 the interest on the gold loan but also additional service charges which have to be paid by the customer.
Apart from the best gold loan interest rates, the additional charges are very nominal and are listed on the Muthoot Finance website.

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

At Muthoot Finance, all Gold Loan repayments include interest rates. The minimum gold loan amount that an applicant can avail from Muthoot Finance is INR 1,500 with no upper limit.

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

At Muthoot Finance, all Gold Loan repayments include interest rates. The minimum gold loan amount that an applicant can avail from Muthoot Finance is INR 1,500 with no upper limit.

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

Muthoot Finance has a host of tools to navigate its customers through the process of availing a Gold Loan. An applicant can use the online gold loan interest calculator on the Muthoot Finance website to get 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 Muthoot Finance Gold Loan interest rates?

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

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