Eligibility Criteria for a Gold Loan


How to check your gold loan eligibility? A gold loan is the easiest way to monetize your physical gold during a short-term financial crisis. You can approach banks or NBFCs specializing in gold loans to encash your gold. Muthoot FinCorp ONE , one of the leading NBFCs in India, has 135 years of industry experience serving gold loan customers.

At Muthoot FinCorp ONE, a gold loan application is a hassle-free process. Your socio-economic status doesn't matter. Any Indian citizen above 18 with a sufficient quantity of gold can avail a gold loan. Unlike auto or home loans, the end use of the fund will not be verified. You can use it for medical, educational, marriage, business, holidays, home renovation or agricultural purposes.

Muthoot FinCorp ONE offers doorstep gold loans in 30* minutes for those who like to enjoy unparalleled convenience from the comfort of their home.

Muthoot FinCorp ONE Gold Loan Eligibility Criteria

  • Age Indian citizens aged 18-75 years
  • Loan Amount Rs. 1,500 onwards
  • Purity of Gold 18 Karat and above
  • Collateral Gold jewellery
  • Documents Required Documents to prove Identity and Address. Aadhar card/Passport/ Driving license/Voter’s ID/ Electricity Bill
  • Loan To Value (LTV) Up to 75%

Gold loan eligibility criteria may vary across financial institutions. If you are unsure about the ratio of gold to a cash equivalent, you can use an online calculator. A gold loan calculator is a tool to estimate the quantity of gold required for a specific amount.

How to use Muthoot FinCorp ONE gold loan eligibility calculator?

  • Step 1: Visit www.muthootfincorpone.com

  • Step 2: Scroll down to the Gold Loan Amount Calculator.

  • Step 3: Enter the loan amount or gold to be pledged and "get the value." The calculator will display the loan amount, weight of gold required and Karat value. You will find a variety of schemes based on the loan amount on the right-hand side. The information includes the monthly interest rate, gold loan eligibility per gram, loan value range, tenure, annual interest, and a schedule of the interest rate for different terms.

  • Step 4: Choose a scheme suitable to your budget and click "avail this scheme." You will be directed to schedule a call to set up an appointment.

Financial institutions will not accept gold bars as collateral for gold loans. Any precious stones attached to the ornaments will not be considered. At Muthoot FinCorp ONE, you can enjoy maximum Loan-to-Value for your gold in the market.

You can use the Muthoot FinCorp ONE gold loan eligibility calculator to evaluate your gold against the loan amount required. Book an appointment for a doorstep gold loan . A loan manager will visit you and evaluate your gold ornaments. The loan amount will be transferred to your account quickly after approval. You can access your gold anytime, at your doorstep or from your nearest branch.

How can Muthoot FinCorp ONE doorstep gold loan be beneficial to you? Any Indian citizen above 18 can apply for Muthoot FinCorp ONE gold loan. Click here to learn more about the simple gold loan from the home application process. Pledged gold ornaments would be under the safe vault of the Muthoot FinCorp branch nearby, with 24/7 surveillance and insurance.

Take advantage of Muthoot FinCorp ONE gold loans and get the best-in-industry interest rates, 0% processing fee and no hidden charges. The ornaments will be returned in the same pristine condition after full repayment of the loan.

Access the online gold loan eligibility calculator and choose a customized repayment schedule suitable to your budget. Our flexible repayment options will help you to settle the loan at your convenience.

Head to our website www.muthootfincorpone.com to connect with us. *T&C apply.

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