Kartnataka
  • June 7, 2023
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Muthoot Finance – Providing the Best Gold Loans at Home in India

Gold Loan

Are you worried about the multiple visits required to apply for a loan? The good news is that you don’t have to make Google searches like Muthoot Finance branch near me to avail a gold loan. With our loan-at-home facility, you can apply for a gold loan from the comfort of your home, and the process is easy and quick. Register for a home visit today.

Borrowing money against some gold assets is not a new concept in India. It is an age-old practice where people used to pledge their gold ornaments to borrow money from lenders. Over centuries, things have not changed much, as people still find gold loans an option to meet their emergency fund requirements. However, the process has changed slightly to become more streamlined.

There are a number of Financial Institutions providing an option for easy and quick gold loans, where prospective borrowers can pledge their gold assets. These assets can be jewellery/ornaments. By availing a gold loan, one can use their idle assets to obtain funds in times of need and claim them back when the loan is repaid. And there is no limit on the number of times the same gold ornament can be pledged.

Muthoot Finance, one of the best gold loan providers in India, also offers various gold loan schemes at the most competitive interest rates. Here, one can apply for a gold loan in a hassle-free manner and get over a temporary cash crunch. With the Gold Loan at Home service they are making things furthermore convenient for those who are looking for Gold Loan.

How Does It Work?

To avail a gold loan with Muthoot Finance, an individual can submit a loan application online through their Loan at Home website or iMuthoot App. One of the representatives schedules a home visit, during which the evaluation of the ornaments is performed. This is done considering important factors like purity, weight, etc., and the ownership of those assets is verified. Once all these things are done, the loan gets sanctioned in no time. The applicant also needs to submit a few identity documents in order to get KYC done.

Suggested Read: https://loanathome.com/blog/muthoot-finance-a-complete-guide-on-loan-at-home/

Generally, the approved credit limit (also known as the LTV ratio) is 75% of the market value of the pledged gold ornaments. This limit is capped by the Indian banking regulator, the Reserve Bank of India. The applicant can get the sanctioned loan amount transferred to his/her bank account immediately. The best thing about availing a gold loan is that the borrower has complete freedom related to the fund’s utilization. These funds can be used for anything, from vehicle purchases to education expenses, traveling abroad to house construction, or something else.

Benefits of Muthoot Finance Gold Loan

Here are a few other benefits of availing a gold loan with Muthoot Finance, a leading gold loan provider company:

Quick Processing: There can be times in everyone’s lives when there is an urgent requirement for funds. In such situations, going through the tedious process of applying for a loan and then waiting for it to get approved is the last thing anyone would want. Unlike other types of loans, gold loans are not time-consuming at all. At Muthoot Finance, one can apply online and avail a Gold Loan from the comfort of their Home.

Simple Eligibility: Gold loans are a type of secured loan where the pledged gold ornament works as collateral. The eligibility criteria is very flexible as compared to other popular financing options. This also means that everyone who is 21 years old and has a gold asset can obtain a loan. You don’t even have to worry about things like maintaining a good credit score or a good transaction history on your bank account.

Asset Safety: While availing a gold loan with Muthoot Finance, you can rest assured about the safety of the assets you are going to pledge. All those ornaments are stored in a secure vault for the entire duration. The good thing is that in case of any theft, you don’t have to bear any losses. All gold are insured for free and protected in a safe with 7 layers of security.

Lower Interest Rate: With the constantly increasing market prices of gold, one can easily avail a gold loan at good interest rates. With the best interest rates on Muthoot Finance gold loans, you can explore a variety of schemes. Even in emergency cases, when customers are unable to make required payments due to a lack of finances, they should be offered a minimum due alternative, allowing them to keep their loan accounts open with few payments. The payment will include a portion of the principal as well as a portion of the interest.

Multiple Loan Disbursement Options: At Muthoot Finance, there are three different options when it comes to loan disbursement: cash, and account transfer. The applicant can choose the preferred option at his/her convenience.

Flexible Repayment: At Muthoot Finance, one can choose from a number of methods to repay the loan amount. There are several digital payment options, such as Google Pay, Paytm, PhonePe, Muthoot Online, iMuthoot app, etc. There is an option for pre and part payment along with part release facility.

Milligram Reward: At Muthoot Finance, there is a program called Milligram Reward Programme. Whenever a customer has a transaction with the company will be rewarded with a certain amount of milligram reward points. The customer can earn reward points for any transaction with the company. There are multiple criteria attached to different schemes and transactions to win these gold points. Not only for transactions but also for referrals as well. If you refer your friend to Muthoot Finance and if he/she availed our service, the company will reward the customer 20 reward points. Once the customer reaches the threshold of 500 reward points, then the customer can avail 500-milligram gold coin.

Follow the link for https://www.muthootfinance.com/milligram-rewards

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