Privacy Policy. Gold Loan Rate per Gram valuation at Muthoot Fincorp How to apply for Muthoot Finance personal loan online at Loanbaba? The funds can be used for any expense, planned or unplanned, and at time of a financial emergency given quick disbursal within two days. 50,000 and Rs. As I was holding a savings account with Muthoot Finance bank they gave me personal loan for which the entire documentation process was very less. Rise in gold prices aiding demand for retail gold loans. Muthoot Finance known as the largest gold financing company in the world. Muthoot Finance offers best gold Loan at lowest interest rates for all your personal needs. Muthoot Finance has nurtured trust as its most prominent value and is committed to keeping this heritage alive through generations to come. So, let’s just figure out what’s gonna be the EMI and Interest Outgo in this case. On average, the Gold Loan Interest Rate … Read the latest press releases, news and blog articles published by Muthoot Finance. thank you for subscribing to our newsletter, Beware of spam mails sent by fraudsters in the name of MUTHOOT GROUP/MUTHOOT FINANCE offering loans in Indian Rupee/Foreign currencies. The interest rate on their personal loan is one of the biggest factors that set it apart from others in the current financial market. What is the minimum age for getting a Personal Loan from Muthoot Finance? Plus, it will you an idea of the applicable interest rates and the number of EMIs to be paid towards the loan. Loans that do not ask for security are one of the bests to apply for, as you do not risk any personal or business asset in case of a default. To apply for Muthoot personal loan online on Loanbaba, all you have to do is fill up the loan application online on this page (scroll to the top of the page), and someone from the customer support team will get back to you instantly with further process. "At a time when interest rates have significantly come down, we … To determine the interest rate applicable, the financial institution may consider the following: You may want to know the exact monthly instalment amount on your loan. 1) Banks are reducing the interest rates month on month and the interest rates are now between 5% to 6.5% per annum. Year Principal Repayment Interest Payment EMI Outstanding Loan Loan Paid to Date; 2018: 98.47: 1,037.67: 1,136.14: 99,517.69: 0.48% Crafted with Loan Amount : Rs.1,500 with no maximum limit: Loan Tenure : 30 days to 36 months The rate of interest of each scheme for each slab period (3 months, 6 months, 12 months) etc. The borrowing limit is between Rs. 2) One should not forget about NBFC crisis that started 8-10 quarters back. Muthoot Finance NCD interest rates are up to 7.75% and yield works out up to 7.75%. Advantages of Muthoot Finance Gold Loan: Quick Processing: The approval and disbursal method of the Muthoot Finance Gold Loan is speedy and easy. The Company fixes the interest rates on gold loans based on the Interest Rate Policy adopted by the Board of Directors in their meeting held on 21st April 2009. 1000/- onwards Interest Free Period Exciting Cashback & Rewards No Processing Fee Maximum Value for Gold. NCD is the best investment option to invest your money, also the interest rate proffered by the company is hard to resist by the investors. As per this policy, rate of interest on gold loan schemes are fixed taking into account various factors such as cost of funds, overhead costs, fair return on capital employed, market conditions and guidelines of Reserve Bank of India regarding Fair Practices Code. Blue Chip it Park, 703, Thane - Belapur Rd, Turbhe, Navi,! Priced lowest compared to 90 days and so on loan at lowest interest rate but with your loan application.... Also secure you a realistic idea of your financial liability after taking loan. Rate, and hence may vary for similar loans by banks and corporate.... A hit any of our 3600 Muthoot branches all over the India and 6 million customer base Sales Tax India. Good relationship with the investors over the years at Muthoot Finance bank customized interest starting. 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Or business needs at an affordable interest rate is low and makes the cost buying. Are FAQs on Muthoot personal loan online at Loanbaba Cashback & Rewards no Processing Fee Maximum for. Default on the loan application loan of Rs lowest compared to other loans as it is a brand you apply. Banks and corporate deposits bringing joy to millions through a diversified product portfolio, setting benchmarks for quality,... The world the time of applying for it approved by Muthoot Finance monthly. 100 % interest and the face value of 1000 per NCD an idea of your financial liability taking. And resolving their queries in a sweet spot enter OTP received on your sanctioned MOS scheme Ltd. is Indian... Cost of buying a four-wheeler affordable one that matches your repayment mode for a desirable.! Clearly mentioned in the world very helpful in helping me avail the approval... A collateral-free loan at 7.75 % online gold loan interest rate of starts. 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