Information 101 on 24x7 Gold Loan Top-Up

Information 101 on 24x7 Gold Loan Top-Up

Muthoot FinCorp Ltd. 24x7 Gold Loan Top-Up allows existing Muthoot FinCorp ONE Gold Loan customers to access the residual amount of their Gold Loans without any hassle or paperwork.

With the 24x7 Top-Up facility, borrowers can now get additional funds quickly and conveniently, making it an attractive option for those in need of extra financial support.

In this article, we will see what exactly the 24x7 Gold Loan Top-Up entails and delve into the reasons why individuals should consider taking advantage of this valuable service.

Whether it's for urgent expenses or unforeseen emergencies, the 24x7 Top-Up for Gold Loans on Muthoot FinCorp ONE provides a seamless solution to fulfill your financial requirements.

Here are 7 key features of the 24x7 Top-Up for Gold Loans on Muthoot FinCorp ONE:

  1. Quick and Hassle-Free Disbursement: The 24x7 Top-Up Gold Loan disbursals are quick and hassle-free, ensuring you get the funds you need without any unnecessary delays.

  2. Zero Paperwork: One of the most significant advantages of the 24x7 Top-Up Gold Loan is the zero-paperwork process. You don't need to submit any additional documents since it is a top-up on your existing Gold Loan, for which you have already submitted the required documents.

  3. Flexible Loan Amount: You can take a minimum top-up loan of Rs. 1000 and a maximum of Rs. 5,00,000 in a day, subject to your available top-up amount. This flexibility allows you to borrow an amount that suits your financial needs.

  4. Multiple Top-Up Loans: With the 24x7 Top-Up facility, you can take multiple loans upon one active loan, as long as you meet the loan-to-value (LTV) conditions and have a residual balance available in your active Gold Loan account.

  5. Same Interest Rate: Your 24x7 Top-Up Gold Loan will have the same interest rate as your corresponding active Gold Loan. This ensures that you continue to enjoy the favorable interest rate you received on your initial loan.

  6. Convenient Tenure: The tenure of your 24x7 Top-Up Gold Loan will be the remaining tenure of your corresponding active Gold Loan. However, please note that only active Gold Loans with a minimum residual tenure of 50 days will be considered for a top-up loan.

  7. Exclusive Benefit for Existing Customers: The 24x7 Top-Up Gold Loan is an exclusive benefit for Muthoot FinCorp ONE Gold Loan customers who have pledged their gold under various schemes but have not taken the full loan-to-value (LTV) amount. With this facility, you can now access the residual amount and utilize it for your financial needs.

Muthoot FinCorp ONE offers various other advantages for Gold Loan customers as well:

  • Gold Loan from Home in 30 minutes*: You can apply for a Gold Loan from the comfort of your home and get the funds within 30 minutes*.

  • Wide Branch Network: With over 3600 plus branches across India, Muthoot FinCorp ONE ensures easy accessibility for Gold Loan customers.

  • Low Interest Rates: Enjoy interest rates as low as 0.83%* per month, making Muthoot FinCorp ONE's Gold Loan one of the most affordable options in the market.

  • Instant Transfer: Once your Gold Loan is approved, the funds can be instantly transferred to your bank account, giving you immediate access to the funds.

  • 100% Access to Your Gold: Muthoot FinCorp ONE guarantees 100% access to your gold. You can retrieve your pledged gold anytime during the loan tenure as per the agreed terms and conditions.

  • No Credit Record Check: Unlike traditional loans, Gold Loans from Muthoot FinCorp ONE do not require a credit record check. Your loan eligibility is based on the value of your gold.

  • Safe and Secure Storage: When you take a Gold Loan from Muthoot FinCorp ONE, your gold is stored in a 100% safe and secure manner. We follow BIS Standard 9400 compliance for gold storage and safety, and your gold is insured and tracked during transit.

  • Gold Loan Calculator: Muthoot FinCorp ONE provides a Gold Loan Amount Calculator on their app and website. With this tool, you can instantly know the worth of your gold and determine the loan amount you can get.

  • Gold Loan Plans: Muthoot FinCorp ONE offers various Gold Loan plans to cater to different customer preferences. Choose a plan that suits your financial requirements and covers your needs effectively.

With Muthoot FinCorp ONE's Gold Loans, you can get instant money at your convenience. Whether you prefer applying from home or visiting their branches, you can receive quick Gold Loans without any extensive questioning.

Muthoot FinCorp ONE's 24x7 Top-Up for Gold Loans provides a convenient and flexible way for existing Gold Loan customers to access the residual amount of their loans. With quick disbursals, zero paperwork, and attractive interest rates, this facility is designed to meet your financial needs efficiently.

Additionally, Muthoot FinCorp ONE offers a range of benefits, including doorstep services, low interest rates and secure gold storage, making us a trusted choice for Gold Loans in India.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.  

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.  

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals. 

So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.   Alternatively, you can also follow us on Facebook, Instagram, Twitter or LinkedIn to stay tuned to our latest offerings. 

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