Finance calculator online plus#

The weight and purity of the gold are important aspects for the calculation of the gold loan amount that you can get. A gold loan is offered against pledged gold and hence, the maximum amount that you are eligible to avail will depend on the value of the collateral offered. Eligibility Criteria for a Gold LoanĪ gold loan ensures great value for your gold, which otherwise may have been sitting idle in a locker somewhere. With no restrictions on the end-use of the money, you can use it for your personal as well as business requirements without worry. Your gold loan eligibility can easily be calculated using the Gold Loan Calculator that is available on the Muthoot Finance website. Muthoot Finance offers easy documentation, instant calculation of gold loan eligibility, low-interest rates, flexible repayment options, a Gold Loan calculator, and more. The right amount of research, in the beginning, can help ensure a seamless loan process. If you are thinking of getting a gold loan, you should first check your eligibility using Muthoot Finance’s Gold Loan Calculator, explore interest rates offered under different schemes, and use the gold loan calculator to confirm affordability. However, like any other loan, the gold loan too is subject to eligibility requirements. A gold loan is a great way to fulfill short-term financial requirements.

Who Can Avail Gold Loans by Muthoot Finance?Īny Indian citizen who is above the age of 21 years is eligible to apply for a gold loan.

Finance calculator online plus#

Rs.150/- plus GST per customer for recovery made through customer follow up visit Top-up services charges - Rate applicable on enhnaced amountĢ% of enhanced amount (For GL schemes having 1st slab ROI Rs.20/-Ībove Rs.1,00,000/-> Rs.100/- Where 1st slab interest rate is Rs.3 Lĭoor to Door collection charges (Follow up for interest / loan recovery) Service charges on fresh loan under MEI scheme Service charges -Fresh loan- Rate applicable per account (ZIL/ZIP) Service charges -Fresh loan- Rate applicable on loan amount(IPL) However, before you choose the gold loan option that you like best, it is important that you put in some time to calculate your eligibility, so you can make an informed decision. Availing a gold loan from Muthoot Finance comes with numerous benefits like minimal documentation, low interest rates, and fast disbursals. Muthoot Finance offers a wide range of gold loan schemes that are designed to meet varying customer needs. 1 Most Trusted Financial Services Brand for 6 years since 2016 by TRA’s Brand Trust Report. As the gold loan is a secured loan, the rate of interest offered for the same is generally quite low.

After a pre-decided tenure, you can pay the borrowed money, along with the applicable interest, back to the lender and get your gold back. Instead, you can use it as collateral and avail a gold loan to meet those immediate financial needs. However, if there is an emergency and you require quick funds, or if you have some plans, like a marriage, vacation, higher education, etc., that require capital, it isn’t necessary for you to sell your gold. Gold is an asset that can easily be sold and bought, making it quite the favourable investment avenue among Indians. The gold is pledged as collateral and on the basis of the value of the gold, as per the current market rate, the total amount of money that you can avail as a loan is calculated by the lender. Emerging as one of the most popular and safest routes for people to avail financial assistance for their immediate needs, gold loans are a type of secured loan that can be availed against gold assets.