Guide to 24x7 Top-Up Loan Interest Rate


Are you an existing Muthoot FinCorp Ltd. Gold Loan customer who has pledged their gold but has not availed the full loan amount? With the 24x7 Top-Up Gold Loan facility, you can now access the residual amount and meet your financial needs.

In this article, we will look into the interest rate on your 24x7 Top-Up Gold Loan and provide you with all the essential information you need to know.

Same Interest Rate as Your Active Gold Loan: Your 24x7 Top-Up Gold Loan will have the same interest rate as your corresponding active Gold loan. This ensures consistency and transparency, making it easier for you to manage your finances. It's important to note that the interest rate may vary based on the prevailing market conditions and the specific terms of your Gold loan.

Tenure Aligned with Your Existing Gold Loan: The tenure of your 24x7 Top-Up Gold Loan will be aligned with the remaining tenure of your corresponding active Gold loan. This means that the repayment period for your top-up loan will be the same as the remaining duration of your Gold loan. It provides convenience and simplifies the repayment process for you.

Minimum Residual Tenure Requirement: To be eligible for a top-up loan, your active Gold loan must have a minimum residual tenure of 50 days. This ensures that you have sufficient time to repay both the remaining amount of your existing loan and the top-up loan without any added pressure. Make sure to check the remaining tenure of your Gold loan before considering a top-up loan.

Value-Added Service for Existing Customers: The 24x7 Top-Up Gold Loan is a value-added service exclusively designed for Muthoot FinCorp Ltd. Gold Loan customers. If you have not availed the full loan-to-value (LTV) on your pledged gold, this facility allows you to access the residual amount. It provides you with additional financial flexibility without the need for a new loan application.

Quick and Convenient Gold Loan Process: Muthoot FinCorp ONE offers a seamless and hassle-free Gold Loan process. With doorstep service and Muthoot FinCorp Ltd.’s 3600+ branches across India, you can get a Gold Loan in as little as 30 minutes*. Benefit from interest rates as low as 0.83%* per month, and instant transfer to your bank account. Enjoy 100% access to your gold, with no credit record check and safe storage facilities.

Know the Worth of Your Gold Instantly: Use the Gold Loan Amount Calculator on the Muthoot FinCorp ONE app or website to determine the value of your gold instantly. This tool helps you understand the loan amount you can avail based on the purity and weight of your gold. It empowers you to make informed decisions about your financial requirements.

Choose Gold Loan Plans to Suit Your Needs: Muthoot FinCorp ONE offers a range of Gold Loan Plans that cater to different customer preferences. You can choose a plan that aligns with your financial goals and provides the necessary coverage for your expenses. Explore the options available to find the plan that suits you best.

Safety and Security of Your Gold: When you opt for a Gold Loan from Muthoot FinCorp ONE, your gold is in safe hands. With OTP-verified Loan Manager home visits, BIS Standard 9400 compliance for gold storage and safety, and insurance coverage during transit, you can have peace of mind knowing that your valuable assets are protected.

The interest rate on your 24x7 Top-Up Gold Loan is aligned with the interest rate of your existing Gold loan. By taking advantage of this value-added service, you can access the residual amount of your Gold loan and meet your financial needs conveniently. With Muthoot FinCorp ONE's quick and secure Gold Loan process, along with various benefits and safety measures, you can confidently unlock the value of your gold and achieve your financial goals.

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.

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