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 just 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.
Here are some features and benefits you can enjoy when applying for a gold loan from Muthoot Finance:
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 as 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.
The minimum amount you can borrow with a Muthoot Finance Gold Loan is ₹1,500.
No, it is not necessary to have a third-party guarantor to obtain a 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.
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.