Our Grateful Services to Our Valuable Customer
Services We Offer
Muthalagu finance is the NBFC - Non-Banking Finance Company in Tamilnadu. Muthalagu finance is the Jewel loan in Madurai. It provides the financial needs to all sectors. Muthalagu finance provides services for loans against gold jewellery.
Muthalagu offers the best Jewel loan Interest rate in madurai. Gold Loan makes available free Takeover of repledge loans services to our customers. Customers share the pledge details with us. We redeem auction jewel, overdue jewel which affects customer CIBIL’s report. We also redeem voluntary customer jewel loans in order to get maximum loan amount on repledge with us.
Get Easy, Fast &
Secure Gold Loan
1. Find a Branch
2. Carry ID Proof
- Aadhaar Card
- Photo ID Proof
- Local Address Proof
3. Check Gold Purity
- Tamper Proof
- Accurate Valuation
4. KYC Verification
- Photo ID Proof
- Address Proof
We do a KYC check. Photo ID and Address Proof is a mandatory requirement. Your Aadhaar Card has both.
- Verification Phone Call
As a fraud and safety feature, a verification phone call to your family is required.
5. Instant Payment
- Your money will be hand over to you instantly
How We Works
What They’re Saying About us
Muthalagu Finance - Jewel Loan
Muthalagu Finance Private Limited is a Jewel loan in Madurai. It is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India catering to the financial requirements of public, private, and institutional consumers. Muthalagu Finance Private Limited concentrates on providing a host of financial services through a wide network of branches. We provide the best Jewel loan Interest rate in madurai. Muthalagu finance is one of the numerous diversified NBFCs in the market that offers Consumer Durable Loans, Mortgage Loans, Real Estate Loans, Construction Loans, Personal Loans, Loan against Gold, Silver, Loans against Securities, Vehicle Loans, Money Transfers, Small Business Loans, Construction Equipment Loans, and Insurance Services, etc..
Frequently Asked Questions
Who is eligible to get a loan in Muthalagu Finance?
You can apply for a gold loan if you are a trader, businessman, salaried employee or self-employed or a farmer and age between 21 – 65 years. The Loan amount is maximum of Rs 50 Lakhs per customer. We provide gold loan against on gold jewellery/ornaments with purity of Gold between 18 to 24 carats and also avail up to 75% LTV of your gold by meeting the easy eligibility criteria.
What are the documents that I need to submit?
Documents required for approval of your gold loan are:
• Id proof, such as your Driving License, Pan Card, Form 60/61, Passport, and Voter ID card.
• Address proof, such as House Registration Documents, and Utility Bills
What is the mode of disbursement of loan ?
The mode of disbursement for loan can be done through cash, IMPS/NEFT/RTGS.
Can I get the gold loan on EMI?
Yes, there are several schemes available that offers gold loan on EMI as a repayment option. The repayment tenure for your Gold on EMI can range from 3 to 36 months. This smart option comes with free NACH registration and a steady interest rate (even post-delayed monthly payments) for a stipulated period.
Can I repay the loan partially?
Yes, You can repay A gold loan can be repaid partially at any point in time. Interest calculation is based on outstanding principle only. However, your deposited gold will only be returned once the entire loan amount has been repaid.
Tenure of the loan: All gold loans are sanctioned for a maximum tenor of 12 months unless otherwise specified under a particular scheme.
Interest and charges: Interest and other charges to be levied on the loan shall be as per the schemes formulated and amended from time to time. The interest rates shall be decided based on the cost of funds, and also gradation of risk, the underlying principle being higher the risk higher the interest, within the ceiling rate decided by the Company. No loan shall be granted at a rate of interest less than the average cost of funds of the Company without the specific approval of the Board. The interest shall be calculated for the actual number of days the loan remains outstanding from the date of loan disbursement to the date of closure. However, if the borrower closes the loan within 7 days from the date of disbursement, then a minimum interest for 7 days shall be payable for gold loan schemes where the minimum effective interest rate is more than 11%. For gold loan schemes with minimum effective interest rate is 11% and below, a minimum interest for 15 days shall be payable, if the borrower closes the loan within 15 days from the date of disbursement. If the amount of interest so calculated is less than Rs.50/- then a minimum interest of Rs.50/- will be charged. A rebate in interest rate may be provided for encouraging timely repayment of interest or closure of the loan on or before the specified tenor as per different slabs built into each scheme.