You Don’t Need a Credit Score or Credit History To Apply For a Gold Loan


What sets Gold Loan apart from traditional loans is the fact that it doesn't require a credit check. This means that regardless of your credit score or credit history, you can still qualify for a Gold Loan. So, if you've been wondering whether a credit check is necessary for a Gold Loan, read on to find out more.

  • No Credit Check Required: One of the major advantages of a Gold Loan is that it doesn't depend on your credit score. Whether you have a poor credit score or no credit history at all, it doesn't affect your eligibility for a Gold Loan. The loan is secured against the value of your gold, making it accessible to individuals with various credit backgrounds.

  • Easy and Convenient: Applying for a Gold Loan is a simple and hassle-free process. With Muthoot FinCorp ONE, you have the option to obtain a Gold Loan from the comfort of your home or visit any of our Muthoot FinCorp Ltd branches across India. The approval and disbursal process isusually completed within 30 minutes*, ensuring quick access to the funds you need.

  • Favorable Loan Terms: Gold Loans often come with competitive interest rates, making us a financially viable option. Muthoot FinCorp ONE offers interest rates as low as 0.83%* per month. Additionally, we ensure that you can borrow the funds you need without any additional financial burden.

  • Instant Fund Disbursal: Once your Gold Loan is approved, the funds are instantly transferred to your bank account. This means that you can utilize the money for your financial requirements without any delays. With Muthoot FinCorp ONE, you also have complete access to your gold throughout the loan tenure, ensuring transparency and convenience.

  • Secure Storage of Your Gold: When you opt for a Gold Loan from Muthoot FinCorp ONE, your gold is stored securely at the nearest Muthoot FinCorp branch located near you. They adhere to the BIS Standard 9400 compliance for gold storage, ensuring the safety and integrity of your valuable assets. Moreover, your gold is insured and tracked during transit, offering you peace of mind.

A credit check is not necessary when obtaining a Gold Loan. This makes it an attractive option for individuals who may have a poor credit score or no credit history. With Muthoot FinCorp ONE, you can benefit from favourable loan terms, instant fund disbursal, and secure storage for your gold. Apply for a Gold Loan today, regardless of your credit score, and access the funds you need quickly and conveniently.

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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