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India's largest gold loan company

Gold Loan

The Muthoot Gold loan portfolio is the largest in India as well as all around the globe. It is humbling to know that more than 81,000 people avail our trusted services on a daily basis.

For the past 128 years, the company has been serving the interests of customers as its top most priority. Our journey through centuries coupled with the fact that we are still a rapidly growing company highlights the trust and commitment that our customers worldwide have shown in us.

With Muthoot Finance Ltd. gold loan services, it takes no more than a few minutes for your gold to generate cash. The simple procedure that we follow allows:

  • Quick Loan disbursal
  • Loan limit stretches from Rs. 1500 to Rs. 1 crore
  • Pre-payment option-without any penalty
  • Minimal documentation
  • In-house gold evaluation
  • Improves customer service in a shorter response time
  • Strong rooms for providing safe custody for gold ornaments

Being India’s largest gold loan service provider, safeguarding the deposits of gold ornaments is our primary concern. A flexible interest rate policy is what helps us cope with volatile markets. Our gold loan range starts from Rs. 1,500 and stretches up to Rs. 1 Crore. Serving over 81,000 customers daily, we assist almost every section of the society in obtaining quick cash for leveraging their dreams.

Gold Loan Schemes

Rate of Interest
SchemeSlab Period/sKeralaOther South Indian BranchesAll other Branches
Muthoot Bestvalue Loan (MBL)Upto 1 month14% p.a.14% p.a.14% p.a.
>1 upto 3 months18% p.a.18% p.a.18% p.a.
>3 upto 6 months21% p.a.21% p.a.21% p.a.
>6 upto 12 months24% p.a.24% p.a.24% p.a.
Muthoot Mahila Loan (MML)*Upto 1 month12% p.a.12% p.a.N.A.
>1 upto 3 months15% p.a.15% p.a.N.A.
>3 upto 6 months20% p.a.20% p.a.N.A.
>6 upto 12 months24% p.a.24% p.a.N.A.
Muthoot Super Loan (MSL)Upto 12 months21% p.a.22% p.a.23% p.a.
Muthoot Premier Loan (MPL)Upto 12 months20% p.a.21% p.a.22% p.a.
Muthoot Advantage Loan (MAL)Upto 3 month18% p.a.18% p.a.18% p.a.
>3 upto 6 months21% p.a.21% p.a.22% p.a.
>6 upto 12 months24% p.a.24% p.a.24% p.a.
Muthoot Highvalue Loan (MHL)Upto 3 months16% p.a.16% p.a.16% p.a.
>3 upto 12 months18% p.a. 18% p.a. 18% p.a.
Muthoot Overdraft scheme (MOS)12 months19% p.a.19% p.a.19% p.a.
Muthoot Instalment Scheme (MIS)6/12 instalments21% p.a.21% p.a.21% p.a.
Interest is charged on monthly compounding basis.Documentation charge of Rs.1500/- is chargeable for limits sanctioned under MOS scheme.Late payment charges are applicable for loans under MIS Scheme@24% p.a. for delay in payment of EMIs.
Processing charges are applicable for loans under MHL scheme as below:
Kerala & Other South Indian Branches0.50% of the loan amount irrespective of the loan amount
All other branches1% of the loan amount for loans below Rs.10 lakhs
0.5% of the loan amount for loans of Rs.10 lakhs & above and upto Rs.25 lakhs
0.25% of the loan amount for loans of Rs.25 lakhs and above
Penal interest @2% p.a. is chargeable in addition to the interest as above on loans outstanding for more than 12 months.
* Available in selected branches
*Conditions apply

What is a Gold Loan?

A gold loan is a loan which is secured against gold ornaments. A borrower pledges their gold ornaments with the lender in exchange for funds. Therefore, it is a loan which is granted against a certain physical security of gold. Gold loans have successfully enabled thousands of people to mobilize their personal assets, which would've otherwise simply been kept away in a locker.

What are the benefits of talking a Gold Loan from Muthoot Finance Ltd.?

  • Customer oriented Services
  • Quick Loan disbursal
  • Loan limit stretches from Rs. 1500 to Rs. 1 crore (and above)
  • Pre-payment option-without any penalty
  • Minimal documentation
  • In-house gold evaluation
  • Improves customer service in a shorter response time
  • Strong rooms for providing safe custody for gold ornaments

Who is eligible to avail a Gold Loan?

Anyone, above the age of 18, can avail a loan against gold. All they need to provide are the gold ornaments and the required documents.

What type of security do I need to provide? Do I need a guarantor?

The only security which is required from the customer in order for them to avail a gold loan from Muthoot Finance Ltd. is the very gold they pledge with Muthoot Finance Ltd. itself. There is no need for an external/third party guarantor for the same. The loan will be sanctioned against the gold pledged.

What is the minimum/maximum tenure of the gold loan?

The minimum tenure for our gold loan is 1 day and maximum tenure for our gold loan is 15 months, each loan has a different tenure (please refer to table below).

What type of gold can I pledge to avail the gold loan?

You can pledge any type of gold jewellery/gold ornaments with us. This includes items such as necklaces, rings, bracelets, watches, 'Polki' sets, pendants, 'Kardahs', etc.

How can I repay my loan? What different options are available for the repayment?

Our gold loans can be repaid in a flexible manner. You must repay the loan at any of our branches by cash or cheque. (credit/debit cards and demand drafts are not accepted).

Where do I repay my loan and can partial payment be made for the gold loan?

The loan can be repaid at any Muthoot Finance Branch, irrespective of the location. Muthoot Finance's CBS system is implemented in all branches and allows the customers to repay their loans from any branch. However, final collection of the pledged gold will have to be from the initial branch where it was pledged. Also, one can only make partial payment along with the interest for the previous period to the same branch where one has taken the loan. For eg. If one has a gold loan of a lakh rupees for a period of 3 months. He/she may come on 20th day from the start of the loan and pay 20 days interest and an additional Rs.10000.00 (part payment), then this additional amount will be fully adjusted from the principal amount and from 21st day the interest will be charged on Rs.90000.00

How and when can I get back the pledged gold jewellery/ornaments?

The gold which you pledge with us will be given back to you after the loan and the complete amount has been repaid. Failure to repay the loan will result in Muthoot Finance Ltd. reluctantly auctioning off the same. The borrower will be given multiple intimations towards the same for a period of 18 months after the final date of repayment before it is auctioned. As mentioned earlier, the pledged gold has to be collected from the branch where it was initially pledged and stored.

What is the minimum limit on your gold loan?

The minimum amount of our gold loan range is Rs.1500

Is my Gold jewellery/ornaments safe with Muthoot Finance Ltd.

Yes it is. We understand the sentiment attached to your ornaments and therefore we have installed specialized safe rooms and CCTV cameras for around the clock surveillance in all of our 4400 plus branches. The gold items pledged with Muthoot Finance Ltd. are entered into our systems and all submissions are locked away in tamper proof packaging.

What is the maximum limit on the gold loan?

The maximum limit on gold loan range is Rs. 1 crore.

How can I apply for a Gold Loan with Muthoot Finance Ltd.

In order to receive funds against your gold ornaments with Muthoot Finance Ltd. you will have to walk into any of our branches and inform the customer care executive of the same. The executive will then have you fill out a KYC form and guide you through the rest of the process.

How much can I expect for my gold?

This depends on the rate of gold on that date and the purity of gold in the ornaments. This answer can best be answered by your Nearest Muthoot Finance Branch.

I need some more information, how can I contact Muthoot Finance Ltd.?

You can reach us at 011 3051 3051, or click here for contact us page . You can also voice your concerns on our facebook and twitter pages


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