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  • Muthoot Gold Loan

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  • Muthoot Finance Ltd. is one of the most popular gold loan providers in India with more than 2 lakh customers availing their services on a daily basis. Through Muthoot Finance Ltd. Gold Loan services you can avail cash against your gold within a few minutes.

    Name of Scheme Muthoot Finance Gold Loan
    Rate of Interest 12% p.a. to 27% p.a.
    Minimum Loan Amount Rs.1,500
    Loan Tenure 30 days to 36 months

    Benefits of Muthoot Gold Loan

    • Quick disbursement of loan amount.
    • Very responsive customer care services.
    • You can avail a loan amount of as low as Rs.1,500.
    • There is no cap in the maximum loan amounts.
    • No charges for prepayment of the loan amount.
    • Gold is evaluated by trusted in-house agents.
    • Assured custody of the gold ornaments against which the loan amount is availed.

    Different types of Muthoot Finance Gold Loan Schemes

    At present, Muthoot Finance offers 14 different types of gold loan schemes to its customer. Out of the 14 gold loan schemes which are mentioned above, the MML, MBL, IPL, WBS, and MSL schemes can be availed in Southern India only. All the other schemes can be availed anywhere across the country.

    Features of Muthoot Finance Gold Loan Schemes

    The features of these unique gold loan schemes are briefly explained below:

    1. Muthoot Mahila Loan (MML)

    The Muthoot Mahila Loan or MML is a specialised scheme which is offered to women borrowers. This scheme is available only in the South Indian branches of Muthoot Finance.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount Rs.5 lakh
    Rate of Interest 12% p.a. to 22% p.a.

    2. Muthoot Best Value Loan (MBL)

    The Muthoot Best Value Loan or MBL is also a customised gold loan scheme offered by Muthoot Finance specifically for middle-class customers. This scheme can be availed only through the South Indian branches of the company.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount Rs.3 lakh
    Rate of Interest 16% p.a. to 22% p.a.

    3. Interest Prepaid Loan (IPL)

    The Interest Prepaid Loan or IPL is one of the specialised schemes offered by Muthoot Finance through its South Indian branches.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount Rs.5 lakh
    Rate of Interest 22% p.a.

    4. Win Back (WBS)

    The Win Back Scheme or WBS is yet another specialised loan scheme offered by Muthoot Finance for its customers in South India.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount Rs.5 lakh
    Rate of Interest 19% p.a.

    5. Muthoot Super Loan (MSL)

    The Muthoot Super Loan or MSL is offered to those customers who wish to avail a higher loan amount against their gold and also wish to avail the benefits of discounts arising out of timely repayment of the loan.

    Minimum Loan Amount Rs.5 lakh
    Maximum Loan Amount No upper limit
    Rate of Interest 21% p.a. to 23% p.a.

    6. Muthoot Advantage Loan (MAL)

    The Muthoot Advantage Loan or MAL is a special gold loan scheme which is specially designed for individuals who are looking for a fairly decent per gram rate as well as lucrative interest rates. This scheme can be availed all across the country in all Muthoot Finance branches.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount No upper limit
    Rate of Interest 19% p.a. to 24% p.a.

    7. Muthoot High Value Loan (MHL)

    The Muthoot High Value Loan or MHL is another specially curated gold loan scheme offered by Muthoot Finance. This scheme is most beneficial for customers running their own business, property dealers, traders, shop owners, builders, etc., who are looking for a loan with an extended loan repayment tenure.

    Minimum Loan Amount Rs.3 lakh
    Maximum Loan Amount No upper limit
    Rate of Interest 17% p.a. to 22% p.a.

    8. Muthoot High Value Loan Plus (MHP)

    The Muthoot High Value Loan Plus or MHP is ideal for customers who are looking for gold loans at low interest rates. Dealers, traders, shop owners, property dealers, and people belonging to the business community can avail special advantages through this scheme.

    Minimum Loan Amount Rs.5 lakh
    Maximum Loan Amount No upper limit
    Rate of Interest 12% p.a. to 23% p.a.

    9. Muthoot EMI Scheme (MES)

    The Muthoot EMI Scheme or MES is ideal for all salaried individuals and professionals, who are looking for a gold loan and can repay it through EMIs instead of bullet payments or a lump sum payment.

    Minimum Loan Amount Rs.20,000
    Maximum Loan Amount No upper limit
    Rate of Interest 21% p.a. (diminishing balance method)

    10. Zero Interest Loan (ZIL)

    The Zero Interest Loan or ZIL is a specially modelled gold loan scheme which is ideal for individuals who are looking for a loan in which they have to pay no interest.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount No upper limit
    Rate of Interest 0% p.a. (24% in case of delayed payment)

    11. Muthoot Overdraft Scheme (MOS)

    The Muthoot Overdraft Scheme or MOS is specially designed for traders, businessmen, pharmacists, petrol pump owners, shopkeepers, etc. This scheme places the gold as an “additional bank limit” to fund the growth of the respective businesses.

    Minimum Loan Amount
    • Through South Indian branches – Rs.5 lakh
    • Through all other branches – Rs.2 lakh
    Maximum Loan Amount No upper limit
    Rate of Interest 19% p.a. to 21% p.a.

    12. Muthoot Ultimate Loan (MUL)

    The Muthoot Ultimate Loan or MUL are ideal for the individuals who are looking for a gold loan wherein they can avail maximum loan amount and also earn discounts by making timely payments of their monthly interests.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount No upper limit
    Rate of Interest 22% p.a. to 25% p.a.

    13. One Percent Loan

    The Muthoot One Percent Loan is meant for customers who are looking for a gold loan at lower interest rates.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount Rs.5 lakh
    Rate of Interest 12% p.a. to 25% p.a.

    14. Muthoot Delight Loan (MDL)

    The Muthoot Delight Loan or MDL has been specially designed for borrowers who are looking for a loan amount of up to Rs.2 lakh and paying lower interest.

    Minimum Loan Amount Rs.1,500
    Maximum Loan Amount Rs.2 lakh
    Rate of Interest 17% p.a. to 24% p.a.

    Fees and Charges

    Service charges on loan amount 0.25% to 1%
    Service charges on loan account Rs.50 to Rs.1,500 per account (based on the type of scheme)
    Token charges Rs.10 for loan amount of up to Rs.10,000; Rs.20 for loan amount exceeding Rs.10,000
    Security charges 0.15% of the loan amount, subject to a maximum of Rs.600 and minimum of Rs.50
    SMS charges South Indian branches – Rs.2 per transaction Rest of India – Rs.5 per transaction
    Charges for lost token Rs.25
    Notice charges South Indian branches – Rs.10 per ordinary notice (up to 3 notices) Rest of India – Rs.30 per ordinary notice (up to 3 notices)
    Stamp duty As per the applicable rates of the respective states

    Muthoot Gold Loan Login Process

    For all the transactions and payments in relation to Muthoot Finance, you can use the online platform as well.

    • For existing users: If you have already set up the login credentials, you can follow the steps mentioned below:
    1. Visit online.muthootfinance.com
    2. Fill in the fields with your ‘User Name’ and ‘Password’ and click on the ‘Login’ button.
    Muthoot Gold Loan Login
    • For new users: If you are a new user and yet to sign up, follow the steps mentioned below:
    1. Visit the online portal at online.muthootfinance.com
    2. Click on the ‘New user? ‘Sign-up here’ option under the login field.
    3. Muthoot Gold Loan Login
    4. You will be redirected to a new webpage wherein you will 2 options.
    5. Either click on the ‘Customer ID’ option
    6. Muthoot Gold Loan Login
    7. Or the ‘Mobile Number’ option.
    8. Muthoot Gold Loan Login
    9. On the basis of your selection, enter your ‘Customer ID’ or your registered ‘Mobile Number’.
    10. Click on the ‘Search’ option after that and follow the on-screen instructions to set up your login credentials.

    Frequently Asked Questions (FAQs)

    1. Should I have a third-party guarantor in order to avail the gold loan from Muthoot Finance?
    2. No, there is no need to have a third-party/ external guarantor in order to avail the gold loan from Muthoot Finance.

    3. What is the minimum tenure for which I can avail a gold loan?
    4. The minimum tenure for which you can avail a gold loan is 7 days.

    5. What is the maximum tenure for which I can avail a gold loan?
    6. The maximum tenure for which you can avail a gold loan is 12 months for all the regular gold loan schemes and 36 months for the EMI based gold loan scheme.

    7. What type of gold can I pledge with Muthoot Finance in order to avail the gold loan?
    8. In order to avail a gold loan from Muthoot Finance, you can pledge any type of gold – in the form of ornaments/ jewellery, gold coins, etc. This includes Kardahs, necklaces, polka sets, rings, pendants, watches, bracelets, bangles, etc.

    9. Can I make a partial repayment of the gold loan amount?
    10. Yes, you can make a partial payment towards principal of the gold loan along with interest payable, at any Muthoot Finance branch across India or pay online through the Muthoot Finance website.

    11. What is the mode of payment available to customers for the repayment of the gold loan?
    12. You can repay the loan directly at a Muthoot Finance Branch via Cheque or cash. Demand Drafts, Credit Card or debit card transactions are not accepted at these branches.

    13. What is the discount available on prevailing interest rate upon regular repayment of gold loan under the Muthoot Super Loan (MSL) scheme, Muthoot Premier Loan (MPL) scheme and Muthoot Advantage Loan (MAL) scheme?
    14. The rebates offered on interest rate of the gold loan availed under the Muthoot Super Loan (MSL) scheme, Muthoot Premier Loan (MPL) scheme and Muthoot Advantage Loan (MAL) scheme are as follows:

      Scheme South Indian Branches Other Branches across India
      Muthoot Super Loan (MSL) 2% rebate on interest for 1 month 2% rebate on interest for 1 month
      1% rebate on interest for 3 months 1% rebate on interest for 3 months
      Muthoot Premier Loan (MPL) 2% rebate on interest for 1 month 2% rebate on interest for 1 month
      1% rebate on interest for 3 months 1% rebate on interest for 3 months
      Muthoot Advantage Loan (MAL) 4% rebate on interest for 1 month N/A
      1% rebate on interest for 3 months
    15. Who all can avail a gold loan from Muthoot Finance?
    16. Customers who are citizens of India can avail a gold loan from Muthoot Finance after providing their gold ornaments and a few necessary documents. In order to know more, kindly get in touch with any branch of Muthoot Finance.

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