Loan@Home

At the beginning of every festive season, everybody is excited to buy new things for themselves and their loved ones. But with this excitement comes the burden of bearing hefty expenses. It is best to take a gold loan before the festive season begins as it will help you manage your finances with a free hand and enjoy the festivities. Mentioned below are 3 reasons to take a gold loan during the festivities: 1.      Quickly Disbursed Gold loans have a minimal documentation requirement, which allows you to quickly complete the loan submission process. After this, a quick verification of your gold ornaments is done and you are sorted! Many reputed gold loan providers disburse the loan amount within a few days.   2.      Increase Your Spending Capacity The festive season in India is known to be an auspicious time for renovating your home and other expenditure. Taking a gold loan is useful as it will increase your spending capacity. You can manage your finances without applying for

In times of financial need, gold has always been considered an anchor for investors and a valuable asset for individuals. If you find yourself in need of quick funds, a gold loan can be an attractive option. However, before you rush to apply for one, there are several things you should be aware of to make an informed decision. What is a Gold Loan? A gold loan, also known as a loan against gold, is a type of secured loan that allows you to borrow money from a lender by pledging your gold jewellery as collateral. Banks and non-banking financial companies like Muthoot Finance, assess the per-gram rate of gold along with its purity and weight to calculate the loan amount. Things to Know Before Applying for a Gold Loan 1.      Interest Rates One of the most vital aspects to consider is the interest rate as it can vary among different lenders and is usually calculated on the principal amount. 2.      Loan-to-Value Ratio (LTV) The LTV ratio determines the loan amount you can g

Convenience is a crucial factor in today’s era, especially when it comes to financial services. When you need quick funds, a lengthy loan process can be frustrating. This blog will show you how to effortlessly secure a gold loan at doorstep . Request for a Gold Loan The first step to getting a doorstep gold loan is easy – just ask for it. Loan@Home by Muthoot Finance is a trusted name in the financial industry that makes this process incredibly straightforward. You can reach out to them through their website or by giving them a quick call. Once you've made contact, a representative will promptly get in touch with you to understand your needs and schedule a convenient home visit. Get Your Gold Valued at Home Once you've set an appointment, a representative will visit your home at the agreed-upon time. They'll bring all the necessary tools and expertise to evaluate the value of your gold ornaments. This evaluation is crucial because it determines the loan amount you c

When considering a gold loan balance transfer , finding the right lender is crucial to ensure a smooth financial transition. A balance transfer can help you save on interest and improve your loan terms. To make an informed decision, follow these guidelines to select the ideal lender for your gold loan balance transfer. Assessing Interest Rates and Charges Comparing interest rates is a key step in choosing the right lender for your gold loan balance transfer . Research and compare the rates offered by different lenders. A lower interest rate can significantly reduce your repayment burden over the loan tenure. Additionally, consider any processing fees, prepayment charges, or hidden costs that impact the overall cost-effectiveness of the balance transfer. Evaluating Repayment Flexibility and Terms The flexibility of repayment options and loan terms is another important aspect to consider. Look for a lender that offers customisable repayment schedules that align with your financia

Almost everyone, at some point or the other in their lives, my find themselves in need of financial aid. In many cases of financial emergencies, personal loans and gold loans are the best options people have. Borrowers should ideally carefully evaluate both options before choosing the one that suits their needs.  Security A personal loan is an unsecured loan, which means that a borrower does not need to pledge any asset as collateral. A gold loan, on the other hand, is a secured loan disbursed against the pledged gold. A gold loan carries lower risks for the lender, so it also comes with lower interest rates. Eligibility A personal loan generally comes with stringent eligibility criteria to check the creditworthiness and repayment capacity of a borrower. On the other hand, a gold loan is availed against gold that is pledged as collateral, so a borrower just needs to be over the minimum age requirement (generally 21 years) and a citizen of India. For people who are eligible, both loans

In today’s fast-paced world, convenience is the key that makes life easier. From online shopping to home deliveries, everyone has access to options that not only save time but also effort. And the same convenience is extended to gold loans as well. A loan at home has become a preferred option for lenders for the benefits it offers. Here are a few reasons to opt for gold loan at-home services. Convenience Gold loan has always been one of the most convenient options for financial aid. It becomes more convenient when you can avail it from the comforts of home. Unlike traditional methods of loan application, you can now apply for a online gold loan on the lender’s website or mobile app to schedule an appointment with the lending institution.  Transparent Processing Gold is a highly-valuable element, and when applying for a loan, one may even wonder about the security and transparency of the doorstep service. However, NBFCs prioritize customer satisfaction and ensure secure processing abov