Navigating 24x7 Top-Up Loan


If you have an active Gold Loan with Muthoot FinCorp ONE and you haven't utilized the full loan-to-value (LTV) ratio, you can now benefit from the 24x7 Top-Up Gold Loan facility. This value-added service allows you to take multiple top-up loans on your existing Gold Loan, subject to certain conditions. In this article, we'll explore how many 24x7 Top-Up Gold Loans you can take on one active Gold Loan and the important considerations to keep in mind.

LTV Conditions and Residual Balance: You can take multiple 24x7 Top-Up Gold Loans on one active Gold Loan, depending on your LTV conditions. The LTV ratio determines the maximum loan amount you can borrow against the value of your gold. To qualify for a top-up loan, you must have an active Gold Loan with a residual balance available. The residual balance is the difference between the approved loan amount and the amount you have already availed.

Same Interest Rate: The 24x7 Top-Up Gold Loan will have the same interest rate as your corresponding active Gold Loan. This ensures consistency in your loan terms and helps you manage your finances more effectively.

Tenure Considerations: The tenure of your 24x7 Top-Up Gold Loan will be the remaining tenure of your corresponding active Gold Loan. This means that the duration of the top-up loan will align with the remaining repayment period of your existing loan. It's important to note that only active Gold Loans with a minimum residual tenure of 50 days will be considered for a top-up loan.

The Residual Amount: The 24x7 Top-Up Gold Loan is specifically designed for Muthoot FinCorp ONE Gold Loan customers who haven't utilized the full loan amount available to them. With this facility, you can access the residual amount of your Gold Loan, providing you with additional financial flexibility without the need to apply for a new loan.

Convenient Access To Gold Loan Services: Muthoot FinCorp ONE offers a range of convenient Gold Loan services to cater to your needs. You can choose to get a Gold Loan from any of their 4500+ branches across India or even avail the loan from the comfort of your home through their doorstep service. These services ensure quick and hassle-free access to funds when you need them the most.

Competitive Interest Rates and Benefits: Muthoot FinCorp ONE provides Gold Loans with competitive interest rates as low as 0.83% per month. The loan transfer to your bank account is instant, and you have 100% access to your gold throughout the loan tenure.

Gold Loan Calculator: To help you understand the value of your gold, Muthoot FinCorp ONE provides a Gold Loan Amount Calculator. You can use this tool on the Muthoot FinCorp ONE app or website to instantly determine the worth of your gold and make informed decisions regarding your loan amount.

Gold Loan Plans: Muthoot FinCorp ONE. also offers various Gold Loan Plans tailored to meet different customer preferences. By choosing the right plan, you can ensure that your financial requirements are adequately covered while enjoying the benefits and flexibility of a Gold Loan.

Safety and Security: When you opt for a Gold Loan from Muthoot FinCorp ONE, you can be assured of the safety and security of your gold. They take complete responsibility for your gold by implementing measures such as OTP-verified Loan Manager home visits, storing your gold at their branches compliant with BIS Standard 9400, and insuring and tracking your gold during transit.

If you have an active Gold Loan with Muthoot FinCorp ONE and haven't utilized the full loan amount, the 24x7 Top-Up Gold Loan facility allows you to access the residual balance. You can take multiple top-up loans, subject to your LTV conditions and the remaining tenure of your Gold Loan. With competitive interest rates, convenient services, and a focus on safety and security, Muthoot FinCorp ONE ensures that you have easy access to funds while keeping your gold protected.

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.

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