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Gold Loan Per Gram
Gold Loan with Muthoot Finance
The reason behind investing in gold is very simple - gold investments always guarantee high returns. These investments can be in any form of gold coins, bars or jewellery. This precious metal also has a high sentimental value, is considered auspicious, and holds great significance in Indian culture.
Gold items are also considered a reserve for those rainy days. You can get a gold loan by pledging your gold ornaments and use the money to cover any unexpected expenses. Over the years, these secured loans have become one of the easiest and fastest ways to arrange funds to get over a temporary financial crisis.
At Muthoot Finance, you can explore a wide range of Gold loan schemes and choose the one that suits you the best. The minimum tenure of our gold loan is 7 days. The maximum tenure is 12 months for normal schemes.You can pre pay the loans if you so desire no pre-payment charges.
Benefits of Availing a Gold Loan
- Fast loan disbursal
- Customer-oriented services
- Minimal documentation
- In-house gold evaluation
- Get minimum loan amount of INR 1500
- No maximum limit
- Pre-payment option with no penalty
- Secure vault to ensure safe custody of gold ornaments
- Prompt customer service within a shorter response time
- Part release of gold ornaments
Gold Loan Per Gram
While availing a gold loan, the per gram rate of gold is the value you get for one gram of gold that you are going to pledge. However, this per gram rate depends on several factors, like the purity of the gold ornaments, rate of gold of a certain purity on that particular day, among others. All these are taken into consideration to calculate the per-gram rate of gold.
This is a well-known fact that when the market price of gold rises, the loan amount that can be obtained against a certain quantity of gold decrease. And, when the price of gold decreases, the loan amount that one can avail against the same quantity of gold also increases. As India’s Most Trusted Financial Services brand*, Muthoot Finance checks the present day’s gold rate and the purity of the ornaments you are going to provide before deciding the loan amount that can be availed.
Here’s An Example:
Calculating the Gold loan amount using the per gram rate is very simple. For example, if someone has 10 grams of 22-carat gold and the per gram rate is INR 4000, the total market value of the gold items is INR 40,000. This means that he or she can borrow up to INR 30,000 (75% of the total market value) against the gold ornaments.
So, if you want to find out the loan amount you can avail, it is best to refer to the current market price of 22 carat precious metal. Or, you can also use our online calculator for this purpose. Muthoot Finance offers one of the best per gram rates for gold loans which means that the loan amount you are eligible for becomes significantly higher.
Other than the purity, weight, and average price, the per gram rate of gold also depends on factors like the varying market price of gold across different states and cities due to demand, taxes, and transportation costs.
Factors That Affect Gold Prices in India
- Inflation
- Demand and supply
- Government gold reserves
- Interest rates
- Global trends
- Import duty
- Equation of Rupee and Dollar
Eligibility
Anyone above the age of 21 years can avail a gold loan from Muthoot Finance. We also have an online eligibility calculator that determines the amount of gold you are eligible for based on the amount of gold you have and the purity of the gold.
GOLD LOAN SCHEMES

MUTHOOT
ONE PERCENT LOAN
- Small loans at low interest rates.
- Loan Amount: ₹1,500 to ₹50,000
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹1,500 to ₹50,000
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Scheme with the lowest rate of interest (12% p.a.) if 100% interest is paid monthly

MUTHOOT
ULTIMATE LOAN (MUL)
- Maximum loan value and discounts on timely interest payments.
- Loan Amount: Starting at ₹1,500
- Online Gold Loan (OGL) facility available
- Loan starting from ₹1,500 and no maximum limit
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Rate of interest is 22% p.a. with 2% rebate if 100% interest is paid monthly

MUTHOOT
DELIGHT LOAN
- Loan Amount: ₹50,000 to ₹5 crores
- Tenure: 12 months
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹50,000 to ₹5 crores
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Low rates of interest

MUTHOOT
MUDRA LOAN
- Special loan scheme for women that’s available at South India branches.
- Loan Amount: ₹1,500 to ₹1 lakhs
- Offered at South India branches only
- Loan Amount: ₹1,500 to ₹1 lakhs
- Highly discounted rate of 11.9% p.a.

MUTHOOT
ADVANTAGE LOAN
- Competitive per gram and interest rates.
- Loan Amount: ₹50,000 to ₹5 Crores
- Online Gold Loan (OGL) facility available
- Offered at branches in South India
- Loan Amount: ₹50,000 to ₹5 Crores
- Tenure: 12 months
- Free insurance for pledged ornaments
- Attractive interest rate of 18% p.a.

MUTHOOT HIGH VALUE
PLUS LOAN (MHP)
- Loans curated for the business community.
- Loan Amount: ₹1,90,000 to ₹5 crores
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹1,90,000 to ₹5 crores
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Interest rates as low as 14% p.a.
- Maximum Loan Value offered

MUTHOOT
HIGH VALUE LOAN (MHL)
- Loans which are ideal for longer periods.
- Loan starting from ₹50,000 and no maximum limit
- Online Gold Loan (OGL) facility available
- Loan starting from ₹50,000 and no maximum limit
- Tenure: 12 months
- Free insurance for pledged ornaments
- Interest rate as on date as low as 15% p.a.
- Maximum Loan Value offered
- Offered at branches in South India

MUTHOOT BIG BUSINESS LOANS
- Low rates of interest with maximum LTV
- Tenure: 12 months
- Low rates of interest with maximum LTV
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹5 Lakhs to ₹500 lakhs as per Schemes
- Muthoot Big Business Loan Silver @12.9% p.a.
- Muthoot Big Business Loan Platinum @11.9% p.a.
- Muthoot Big Business Loan Diamond @10.9% p.a.
- Muthoot Big Business Loan Elite@ 10.5% p.a.

BEST VALUE SCHEME (BVS)
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores
- Highly discounted rate of 14% p.a.
- Tenure: 12 months
- Free insurance for pledged ornaments

HIGH VALUE RETENTION (HVR)
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
- Lowest interest rate of 10.9% p.a.
- Tenure: 12 months
- Free insurance for pledged ornaments

MUTHOOT
ONE PERCENT LOAN
- Small loans at low interest rates.
- Loan Amount: ₹1,500 to ₹50,000

MUTHOOT
ULTIMATE LOAN (MUL)
- Maximum loan value and discounts on timely interest payments.
- Loan Amount: Starting at ₹1,500

MUTHOOT
MUDRA LOAN
- Special loan scheme for women that’s available at South India branches.
- Loan Amount: ₹1,500 to ₹1 lakhs

MUTHOOT
ADVANTAGE LOAN
- Competitive per gram and interest rates.
- Loan Amount: ₹50,000 to ₹5 Crores

MUTHOOT HIGH VALUE
PLUS LOAN (MHP)
- Loans curated for the business community.
- Loan Amount: ₹1,90,000 to ₹5 crores

MUTHOOT
HIGH VALUE LOAN (MHL)
- Loans which are ideal for longer periods.
- Loan starting from ₹50,000 and no maximum limit

BEST VALUE SCHEME (BVS)
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores

HIGH VALUE RETENTION (HVR)
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
-
GOLD LOAN SCHEMES
Avail the best interest rates and quick loan disbursals with Muthoot Finance.
Get More Details
Service Charges relating to Gold Loan
SL No. | Type of Charges | Corporate | Rate of charges applicable | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Service charges -Fresh loan- Rate applicable on loan amount(IPL) |
Southern Branches |
IPL (1%) (For 12 months period only) | ||||||||||
2 | Service charges -Fresh loan- Rate applicable per account (ZIL/ZIP) |
ALL |
ZIL/ZIP-Rs.50/loan | ||||||||||
3 | Service charges on fresh loan under MEI scheme |
ALL |
0.60% of loan amount | ||||||||||
4 | Top-up services charges - Rate applicable on enhnaced amount |
All |
2% of enhanced amount (For GL schemes having 1st slab ROI <15% with rebate facility) | ||||||||||
5 | Security charges- Fresh loan |
Rest of India |
0.15% of loan amount- Minimum Rs.100/- and Maximum Rs.1,000/- | ||||||||||
6 | Token charges- (For schemes except given in Sl no.1, 2, 10 & 11 |
Southern Branches |
Loan up to Rs.1,00,000/- --> Rs.20/-
Above Rs.1,00,000/- --> Rs.100/- Where 1st slab interest rate is <13% after rebate, other cases Rs.50/- |
||||||||||
7 | SMS charges | ALL | Rs.5/per quarter at the time of closure or renewal | ||||||||||
8 | Notice Charges (Applicable for loans under all schemes) |
Southern Branches
Rest of India |
3 ordinary notice Rs.30/each and 4th notice-RegisteredRs.100/-
3 ordinary notice Rs.30/each and 4th notice-RegisteredRs.100/- Auction Notice charges Rs.120/- |
||||||||||
9 | Token lost charges (Applicable for loans under all schemes) |
ALL |
Rs.25/-(in addition to cost of stamp paper applicable) | ||||||||||
10 | Safe Custody Charges |
ALL |
Rs.5/per gram per month, payable at the time of closure or renewal |
||||||||||
11 | Stamp duty levied by State Governments |
States:- Karnataka , Andhra and Rajasthan |
Actuals where ever applicable |
||||||||||
12 | GCS |
Southern Branches |
1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months) 2.If the transaction is through branches then Rs.99/- per transaction |
||||||||||
13 | GCL |
Rest of India |
1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months) 2.Part release charges of Rs.499/- per transaction 3.If the transaction is through branches then Rs.99/- per transaction |
||||||||||
14 | Loan @ Home charges |
ALL |
Upto Rs.500/- for loan @ home services |
||||||||||
15 | CAC (Credit Appraisal Charges) – If total exposure > Rs.3 L |
Southern Branches |
|
||||||||||
16 | Door to Door collection charges (Follow up for interest / loan recovery) |
Southern Branches |
Rs.150/- plus GST per customer for recovery made through customer follow up visit |
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NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212
SOUTH INDIA CALL CENTER NO.:
99469 01212
WRITE TO US:
mails@muthootgroup.com
BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

Refer a Friend*
Refer a friend & get a Chance to
Win Exciting Muthoot Finance Merchandise

Ask an Expert
NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212
SOUTH INDIA CALL CENTER NO.:
99469 01212
WRITE TO US:
mails@muthootgroup.com
BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

FAQs
For 1 gram of gold, you will be able to avail a loan amount equivalent to 75% of the market price of the metal on that particular day. Muthoot Finance offers the highest per gram rate for a gold loan.
To calculate the gold loan amount, you will have to check the rate of gold on that particular day. This per gram gold rate is multiplied by the weight of the gold ornaments. Once you have the value of the gold ornaments you are going to pledge, you can calculate the loan amount using the LTV ratio of 75%. Usually, the LTV ratio for a gold loan is 75%. This means that the loan amount will be equivalent to 75% of the gold value. At Muthoot Finance, you can also calculate your eligibility for availing a gold loan by using the Gold Loan Calculator.
The purity of the gold ornaments you are going to pledge and the average market price of gold of that particular purity are two key factors that affect the per gram rates while availing a gold loan. The purer the gold is, the higher its value is going to be. For example, 22 karat gold ornaments have a higher value than 18-karat or 20 karat ones.
No, Gold Loan can be availed against the pledge of gold ornaments only.
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