Get a gold loan from Muthoot Finance on Bajaj Markets
✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation
Get easy funding against your gold assets with a Muthoot Finance Gold Loan on Bajaj Markets. With interest rates starting as low as 0.83% per month, you can get a loan starting from ₹1,500. You can enjoy doorstep valuation, instant disbursal, and a hassle-free application process. Here are some other essential details of a Muthoot Finance Gold Loan to note:
Minimum Loan Amount |
₹1,500 |
Maximum Loan Amount |
No limit |
Interest Rate |
Starting from 0.83% p.m. or 9.96% p.a. |
Tenure |
Up to 3 years |
Loan-to-Value (LTV) Ratio |
Up to 75% |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
The interest rate charged on a Muthoot Finance Gold Loan starts from 9.96% p.a. However, it is essential to note that the rate offered to you depends on your eligibility for the loan and the lender’s discretion. So, reach out to Muthoot Finance and discuss the rate offered to you. If you have a strong credit history and fulfil their eligibility criteria well, you can even consider negotiating for a lower interest rate.
Alongside the loan’s interest rates, it is essential to note the other associated charges of the loan. Here is a list of some additional charges you may be required to pay when getting a gold loan from Muthoot Finance. Ensure to make a note of these, as they usually have a major impact on your loan’s total repayment costs:
Processing Fee |
0.20% |
Security Charges |
0.15%* of loan amount (Minimum ₹60* - Maximum ₹600*) |
*Disclaimer: The above charges are subject to change at the lender’s discretion.
Features and Benefits of Muthoot Finance Gold Loan
Here are some features and benefits you can enjoy when applying for a gold loan from Muthoot Finance:
Nominal Interest Rates
Manage your repayment effortlessly with affordable Muthoot Finance Gold Loan interest rates.
Flexible Loan Amount
Get funding as per requirement with the lowest amount starting at ₹1,500 and no upper limit.
Minimum Documents Required
Submit a few basic documents to get a gold loan and enjoy hassle-free processing.
Tailored Loan Offer
Get suitable loan terms based on your eligibility for a customised offer that fits your budget.
Suitable Tenure Option
Choose a suitable tenure of up to 36 months and repay comfortably.
Before applying, ensure you meet the following Muthoot Finance Gold Loan eligibility requirements:
You must be an Indian citizen
Your age must be between 18 and 70 years
The submitted collateral must meet the purity requirements set by Muthoot Finance
Here is the list of documents required when applying for a Muthoot Finance Gold Loan:
Identity proof: Any one of the following
PAN card
Aadhaar card
Voter ID card
Passport
Address proof: Any one of the following
PAN card
Aadhaar card
Voter ID card
Passport
Utility bills
You can get a Muthoot Finance Gold Loan on the app or website of Bajaj Markets by following these simple steps:
Click on the ‘CHECK ELIGIBILITY’ option available here or install the Bajaj Markets App from Google Play Store or App Store
Choose ‘New Gold Loan’ as your loan type
Enter your personal details, including your name, mobile number, and date of birth
Specify the amount of loan you desire and your pincode
Select your gender (male, female, or others) and input your email address
Click on ‘SUBMIT’
After this, Muthoot Finance’s representative will contact you. They will set a date for your gold’s appraisal.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Frequently Asked Questions
What is Muthoot Finance Gold Loan?
Muthoot Finance Gold Loan is a credit option which enables you to borrow the required amount by pledging your gold assets. This is a great way to get the required amounts without having to sell your assets and get low interest rates compared to other unsecured loan options.
What is the minimum loan amount you can get with Muthoot Finance?
The minimum amount you can borrow with a Muthoot Finance Gold Loan is ₹1,500.
What type of gold can I pledge with Muthoot Finance to avail of the gold loan?
To obtain gold financing, you can pledge any type of gold ornaments or jewellery like rings, necklaces, etc. The purity of the gold must be at least 22 karats. However, it is also important to note that mangalsutra and coins are not accepted.
What is the mode of payment available to customers for the repayment of the gold loan in Muthoot Finance?
You can repay the loan amount through a debit card, UPI, the iMuthoot App, cash, or cheque. Demand drafts and credit cards are not accepted.
Why get a gold loan from Muthoot Finance?
Here are some key reasons to consider getting a gold loan from Muthoot Finance:
Competitive Interest Rates: Enjoy interest rates starting as low as 0.83% per month
Low Loan Amounts: Get loan amounts starting from just ₹1,500
Doorstep Valuation: Benefit from convenient doorstep gold valuation services
Instant Disbursal: Get your loan disbursed quickly
- Hassle-free Process: Experience a simplified and straightforward loan application process
What are the benefits of taking a gold loan from Muthoot Finance Ltd.?
Muthoot Finance Gold Loan helps you get quick access to funds with minimal paperwork. Benefits include competitive interest rates, starting as low as 9.96% p.a. and flexible repayment options. Additionally, enjoy convenient features like doorstep facilities and zero prepayment penalties.
Who is eligible to get a gold loan from Muthoot Finance?
If you are an Indian citizen who falls within the age bracket of 18 to 70 years, you may qualify for a gold loan from Muthoot Finance. It is also essential that the purity of your gold matches the minimum requirement set by Muthoot Finance.
What is the maximum tenure of the gold loan from Muthoot Finance?
You can get a Muthoot Finance Gold Loan for tenures ranging up to 36 months, i.e. 3 years.
