Gold loan

Gold Loan Company in Katni

A gold loan is a secured loan that a borrower takes from takes from a lender such as bank or a financial institution, in lieu of their gold ornaments. The interest rate of gold loan is calculated based on multiple factors such as purity of gold, weight of the ornament, tenure of the loan etc

Unlike other secured loans, there is no specific eligibility criteria for applying for a gold loan. Whether you are a homemaker, farmer, working professional or a businessperson – any Indian resident can apply for this. There is also no restriction on the end use of such loans and hence, capital against this type of loan can be used to fund education, weddings, vacations or any other financials requirements that you may have.

Walk into your nearest Muthoot FinCorp’s branches, submit your gold with your KYC documents and take the loan in one visit. Our experience in providing instant gold loans to our valued customers for years makes us one of the preferred gold loan companies in India.

Gold Loan Katni FAQs

Features

Gold Loan

Personal Loan

Type
Secured against gold as collateral
unsecured (no collateral required)
Interest rate
Starts at 11.99%
Starts at 11.99%
Tenure
Short term up to 1 year
Long term up to 5 years
Loan Eligibility
75% of the value of the collateral
According to your repayment capacity
Credit Score
Not Required
Required
Documentation
Only ID proof and Address Proof
ID proof, Address Proof, Bank statement and income proofs and ITR
Repayment
Flexible Repayment
prepayment penalty of up to 5%
Processing fee
It starts at Rs 20
It starts at 2% or more of the loan amount
Eligibility Criteria
Minimal
Based on Income
Maximum Loan Amount
Up to Rs 50 lakhs
Up to Rs 50 lakhs
Salaried
Not Required
Mandatory

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