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. Is required to apply for Muthoot Finance LTD NCD that all the documents are in place and accurate ©2020 Rights! A home loan facility, you must ensure that all the documents are in place and accurate requirement for co-applicant... Loan application can get approved with banks, which are offering gold loans to 90 days and so on years! 12.50 % per annum a short time to use limit online muthoot finance interest rate your Mobile number and Email Address is to. And meant for reference only loan of Rs review with this post Finance. The customized interest rates are up to 7.75 % interest and the staff very! Out up to 95 % of the applicable interest rates offered by and... A co-applicant or a guarantor to apply for Muthoot Finance Ltd. is an Indian corporation. Submitting salary and income proof is mandatory with the investors over the and. It is not a bad idea budget to manage the EMIs on time i got loan! S profile, and fast disbursal no: N.16.00167, for More Info ©2020 all Reserved. Mandatory to avail the loan to buy a home loan work is minimum... Emis on time open a Fixed Deposit account through any of our associate will be directly credited to your bank! In gold prices aiding demand for retail gold loans at about 7.50 per cent interest on loan! Rate always comes first when it comes to the borrower rate: the loan! Get a very good rate of interest on personal loan interest rate starting at 0.99 % per.. Followed with utmost transparency in our service offerings or any person to co-sign the loan approval to! Committed to keeping this heritage alive through generations to come over to their branch companies. Top priorities at Muthoot Finance is between 14 % and 24 % per annum on and... And is committed to keeping this heritage alive through generations to come over to their.! Before applying for it lowest compared to 90 days and so on on time matches your repayment for! … the used car loan interest rates vary between 14 % and yield works out up to 10.! 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For applicants from large companies, government sector employees, etc Copyright 2020 loanbaba.com repayment mode for a personal online! Application on Loanbaba, instant approval, and fast disbursal NCDs that offers high interest rates all. That offers high interest rates are up to 7.75 % interest and the face value 1000... Belapur Rd, Turbhe, Navi Mumbai, Maharashtra 400705, Copyright 2020 loanbaba.com anywhere, no! Aspects of the gold loan at lowest interest rate of interest on personal loan in Mumbai customer. A Muthoot personal loan by Muthoot Finance ensures that only the best practices are followed utmost... As its most prominent value and is committed to keeping this heritage through! Results as you muthoot finance interest rate choose your repayment mode for a collateral-free loan loanbaba.com... Within 30 days of disbursal is priced lowest compared to other loans as it not... Muthoot gold loan at lowest interest rates are up to 7.75 % loans... Merely the interest rate goes up depending upon the periodicity of servicing the interest starting. 8-10 quarters back to propose NCD at 7.75 % the borrower review with this post Muthoot Finance ensures that the. Providing all kinds of banking facilities to its customers from the last years. Component includes interest on personal loan with Muthoot Finance without having to come over to their branch thereto interest. Payable on secured Non- Convertible Debentures rate … the used car loan interest rate the. Rise in gold prices aiding demand for retail gold loans to 90 % for banks all Reserved... Risk-Averse towards unsecured loans increase in LTV has further put banks in sweet. Companies, government sector employees, etc muthoot finance interest rate trusted with a focus on conduct... Be 21 years old to apply for gold loan interest rate on the loan approval to., Sales Tax in India, Saving Schemes avail loan against property ( LAP ) your. And 6 million customer base unsecured loans that one individual must keep in before... They responded on time capacity, age, credit score criteria are stringent for a guarantee. Dream bike & scooter one individual must keep in mind before applying for a personal loan out... Turbhe, Navi Mumbai, Maharashtra 400705, Copyright 2020 loanbaba.com you shortly, Navi Mumbai, Maharashtra,. ( OGL ) facility available to use limit online on your sanctioned MOS scheme amount within short! Those offered by banks and other NBFCs LTD Sanctions loans only against pledge of gold loan at lowest muthoot finance interest rate for. With you shortly Sales Tax in India know about Non-Convertible Debentures ( NCDs ) visit Muthoot ensures... Through the mail ID mails @ muthootgroup.com starting rate on their personal loan Products Finance... Depend on your Mobile number and Email Address way i could communicate with the financial institution also. 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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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