Tips To Navigate Gold Loan Pre-Closure Charges


Do I have to pay any pre-closure charges for my Gold Loan? The answer is no. When it comes to your Gold Loan, there are no pre-closure charges. Muthoot FinCorp ONE ensures a hassle-free borrowing experience with transparent policies and customer-friendly terms. Here's why you won't have to worry about any pre-closure charges:

  1. No Pre-Closure Charges: Muthoot FinCorp ONE believes in providing flexibility to its customers. Unlike other loans, you won't incur any additional charges for closing your Gold Loan before the designated loan tenure. Whether you choose to repay the loan early or complete the repayment as per the agreed terms, there are no pre-closure charges imposed on you.

  2. Gold Loan from Home: Muthoot FinCorp ONE offers a unique Gold Loan from Home service. If you opt for this service, you can conveniently schedule a 'Release Gold' appointment on the Muthoot FinCorp ONE app. The Loan Managers will visit your registered address and release the pledged gold in your presence. It's a seamless process that eliminates the need for you to visit a branch.

  3. Quick and Convenient Service: Muthoot FinCorp ONE values your time. With over 4,500 branches across India, you can avail yourself of a Gold Loan in as little as 30 minutes*. Whether you choose the doorstep service or visit a branch, the loan process is quick and hassle-free. You can enjoy instant transfer of funds to your bank account, eliminating any wait time.

  4. Low Interest Rates and Zero Processing Fees: Muthoot FinCorp ONE offers competitive interest rates as low as 0.83%* per month on Gold Loans. Additionally, there are no processing fees involved. You can unlock the value of your gold instantly using the Gold Loan Amount Calculator on the Muthoot FinCorp ONE app or website. This tool helps you determine the loan amount you can receive based on the current market value of your gold.

  5. Gold Loan Plans: Muthoot FinCorp ONE understands that every customer has unique financial requirements. To cater to diverse needs, they offer a range of Gold Loan plans. You can choose the plan that best suits your financial goals and repayments capabilities. With flexible loan options, you can manage your finances effectively.

  6. Safety and Security: When you take a Gold Loan from Muthoot FinCorp ONE, your gold is in safe hands. They take complete responsibility for the security and storage of your gold. The Loan Manager home visits are OTP-verified, ensuring a secure process. Your gold is stored at Muthoot FinCorp branches that comply with BIS Standard 9400 for gold storage and safety. Additionally, your gold is insured and tracked during transit, providing you peace of mind.

  7. Instant Money: Need cash urgently? Muthoot FinCorp ONE allows you to access instant money with Gold Loans. Whether you choose to apply from the comfort of your home or visit a branch, you can receive quick and secure Gold Loans. The process is hassle-free, and you won't face unnecessary delays or questions regarding the usage of the loan amount.

Muthoot FinCorp ONE provides Gold Loans without any pre-closure charges, ensuring a customer-centric approach. With quick loan disbursal, low interest rates, zero processing fees, and secure storage facilities, Muthoot FinCorp ONE offers a reliable and convenient borrowing experience. Whether you choose the Gold Loan from Home service or visit one of their branches, you can enjoy the benefits of instant money with the safety and security of your gold.

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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