Gold Loan Calculator

Whether you need money urgently for a medical emergency, a wedding, or for that long- awaited family vacation, a gold loan serves many purposes. They are a great way to service immediate financial requirements by ensuring that unused gold articles generate value for you. Gold loans have become quite popular in recent with their quick turnaround times (TATs) for disbursal as they do away with the tedious process of a conventional secured loan. With convenient gold loan eligibility calculation, quick disbursals, and low interest rates, availing a gold loan with Muthoot Finance is a seamless affair.

The average person invests his/her hard-earned money in different kinds of financial instruments such as fixed deposits, mutual funds, stocks, as well as real estate. However, most of these investments are for the medium and long term. Most Indian households have gold articles that are usually kept in a bank locker. For short-term or immediate liquidity, gold loans can be availed against unutilized gold jewellery items according to the gold loan eligibility of a person. The pledged gold ornaments are securely kept in lockers under surveillance and are handed back to the customer once the loan has been repaid in full. Gold Loan Eligibility Calculator

Before availing a loan against your gold jewellery from Muthoot Finance, you have to first decide on your financial requirement. The next step is to find out your gold loan eligibility. Muthoot Finance’s Gold Loan Eligibility Calculator is a quick and convenient way to calculate your gold loan eligibility. You may either do it online
on https://www.muthootfinance.com/ or visit your nearest branch. All you have to do is input details such as name, email ID, contact number, state, pin code, type of the gold articles, the amount needed, and the approximate weight of your gold. Our online gold loan eligibility calculator gives you an approximate value of your gold loan
eligibility.  It should be noted that the final gold loan eligibility value will be arrived at only after a detailed in-house evaluation of the gold by Muthoot Finance’s experienced team. Apart from the weight of the gold, the purity of the gold and the rate of gold on a particular day is also taken into consideration for calculating one’s eligibility.

The main benefit of Muthoot Finance’s online Gold Loan Eligibility Calculator is that even before you visit a branch, you have an idea about the amount of loan you are eligible for. Although your final eligibility for the gold loan would depend on many other factors, an estimated loan value could help you plan accordingly.

Gold loan eligibility per gram refers to the percentage of gold value that will be considered for calculating the eligibility for a gold loan. The valuation of your gold will depend upon the weight of the gold articles, the rate of gold on that particular day as well as the purity of the gold. The lender will typically loan a percentage of this value of gold and this is called the gold loan eligibility per gram.

Your gold loan eligibility will depend upon the value per gram of your gold jewellery. Muthoot Finance offers one of the best values for your gold which means your gold loan eligibility becomes significantly higher.

Muthoot Finance offers its customers the choice of availing a gold loan as per their financial goals and requirements. The many loan schemes from Muthoot Finance offer customers a plethora of choices, ranging from gold loans with the maximum tenure as well as minimum amount gold loans.  Based on the needs and the customer’s eligibility for a gold loan, the minimum tenure of a gold loan from Muthoot Finance is of 7 days and the maximum gold loan tenure is of 12 months for normal schemes, and for EMI-based schemes, the maximum gold loan tenure is 36 months.

Apart from the minimum and maximum gold loan tenures, Muthoot Finance also offers its customers the flexibility of maximum and minimum gold loan amounts. According to one’s gold loan eligibility, the minimum amount of gold loan that a customer can avail of is as low as Rs 1500. Thus, a customer is spoiled for choice when he/she decides to avail any of Muthoot Finance’s several gold loan schemes. Visit your nearest Muthoot Finance branch to know about all the loan schemes available in detail.

Once the eligibility of the gold loan and gold loan eligibility per gram have been calculated, an amortization schedule is prepared. This schedule provides the EMI that you need to service and is a combination of the principal amount and the rate of interest applicable. Muthoot Finance’s gold loan EMI calculator available online gives an estimated EMI but the final value is calculated at the branch by the team. There are many repayment options in addition to the conventional monthly instalment plans.

The most important factor to consider before availing a gold loan is your financial requirement and opting for a loan that fits your criteria. Apart from your eligibility for the

gold loan, gold loan eligibility per gram for the gold articles and EMI of the loan, there are a few charges, terms, and conditions that you should be aware of. These charges may vary according to your state and the loan scheme you have applied for. For details on the terms and conditions, please visit https://www.muthootfinance.com/gold-loan or your nearest branch.

Muthoot Finance, with its vast portfolio of gold loans, promises the best value for your gold, clear terms of gold loan eligibility, flexibility on the minimum and maximum gold loan tenures as well as the maximum and minimum gold loan amount. We value the emotional bond Indians have with their gold jewellery that is often passed down generations. The pledged gold ornaments are securely kept in strong rooms under CCTV surveillance. Once the gold loan is fully repaid, your gold is safely and quickly returned. A huge network of over 5000 branches means that you are never too far away from realizing your dreams.