Benefits of Getting A Muthoot FinCorp ONE 24x7 Top-Up Gold Loan
Muthoot FinCorp ONE’s 24x7 Top-Up Gold Loan is a convenient and hassle-free financial solution offered by us to our existing Gold Loan customers. This value-added service allows you to access the residual amount of your Gold Loans without the need for additional documentation.
In this blog, we will explore the key facts about the documents required for obtaining a 24x7 Top-Up Gold Loan.
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Zero-Paperwork Process: One of the major advantages of a Muthoot FinCorp ONE 24x7 Top-Up Gold Loan is that it eliminates the need for any additional paperwork. As this loan is a top-up on your existing Gold Loan, you does not have to submit any new documents because the necessary paperwork has already been completed during your initial loan application.
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Eligibility Criteria: To be eligible for a Muthoot FinCorp ONE 24x7 Top-Up Gold Loan, you must meet our basic requirements criteria. You can get a minimum loan of Rs. 1000 and a maximum loan of Rs. 5,00,000 per day, subject to your available top-up amount. The loan amount granted will depend on the loan-to-value (LTV) conditions and the remaining balance in your active Gold Loan account.
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Multiple Top-Up Loans: You have the flexibility to get multiple Muthoot FinCorp ONE 24x7 Top-Up Gold Loans while having one active loan. However, the amount you can borrow depends on the LTV conditions and the remaining tenure of your existing Gold Loan. Please note that only active Gold Loans with a minimum residual tenure of 50 days will be considered for the top-up loans.
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Interest Rates: The interest rate for a Muthoot FinCorp ONE 24x7 Top-Up Gold Loan is the same as the corresponding active Gold Loan. This ensures that customers can benefit from the existing interest rate without any additional charges.
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Loan Tenure: The tenure of a Muthoot FinCorp ONE 24x7 Top-Up Gold Loan will be the remaining tenure of your active Gold Loan. This means that you do not have to worry about a separate repayment schedule for the top-up loan. However, it's important to note that only active Gold Loans with a minimum residual tenure of 50 days will be eligible for a top-up loan.
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Value-Added Service: The Muthoot FinCorp ONE 24x7 Top-Up Gold Loan is a value-added service exclusively designed for our Gold Loan customers. This facility caters to customers who have pledged their gold under various schemes but have not utilized the full loan-to-value (LTV) amount. With the 24x7 Top-Up Gold Loan, you can now access the residual amount of your Gold Loan, providing you with an additional financial flexibility.
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Convenient Loan Options: Apart from the 24x7 Top-Up Gold Loan, Muthoot FinCorp ONE offers several other convenient Gold Loan benefits. You can get Gold Loans from us at home or by visiting any of the 4500+ branches across India. The process is quick, secure, and hassle-free, with minimal documentation requirements. Additionally, Muthoot FinCorp ONE provides a Gold Loan amount calculator to help you determine the value of your gold instantly.
The 24x7 Top-Up loan offered by Muthoot FinCorp ONE is the perfect financial solution for our existing Gold Loan customers. With no additional documentation requirement and the flexibility to get multiple top-up loans, your can access the residual amount of your Gold Loans conveniently. By leveraging this value-added service, you can meet your financial needs without any hassle and enjoy competitive interest rates aligned with their existing Gold Loans.
Muthoot FinCorp ONE, as an SBU of Muthoot FinCorp Limited, is a one-stop solution for your finances. With a legacy spanning over 135 years and the trust of more than 1 crore customers, you can be confident that when you are with Muthoot FinCorp ONE, you are with the best in the business.
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.
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