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Gold as an asset class has been used by Indians for centuries for preparing for eventualities. However, selling gold jewellery to meet financial needs does not come easily to us. That said, gold loans are the perfect way to capitalise unused gold jewellery for immediate funding for a variety of needs.

The conventional loans offered by banks and other financial institutions are quite time- consuming and the process is long. Gold loans from Muthoot Finance can be availed with minimum documentation and assure quick disbursals It offers the best gold loan interest rates on its various gold loan schemes. Its interest rate on gold loans is among the lowest and this attractive gold loan interest rate helps customers to fulfil short-term financial obligations.

Gold Loan Interest Rates

Muthoot Finance offers its customers a wide portfolio of gold loans with different interest rates. Any kind of loan i composed of two components: principal and interest. Similarly, a gold loan is considered fully repaid only when both the components have been paid off, ie, the principal and the gold loan interest. Thus, while availing of a gold loan too, you must opt for a lender that offers gold loans with the lowest interest rate. This decision is important so that you don’t end up paying surplus money to service the gold loan interest. Gold loans offered by Muthoot Finance aren’t only quite convenient to avail but also offer the lowest interest rates on gold loans. When a comparison is made between the gold loan interest rate of all banks with Muthoot Finance, their interest rates on gold loans are the most attractive.

Interest Rates on Different Gold Loans

Once you have decided to take out a gold loan, you should be clear about your financia  requirement, the tenure you are willing to serve, and the gold loan interest you are comfortable with. Depending upon all these factors, you can choose from the several gold loan schemes with different gold loan interest rates offered by Muthoot Finance. For more information on the loan schemes offered by Muthoot Finance and the applicable gold loan interest rates, please visit the website https://www.muthootfinance.com/gold-loan or the nearest branch.

In addition to a variety of gold loan options and low gold loan interest rates, Muthoot Finance also offers attractive rebates on EMI schemes and repayments. For instance, rebates are offered on monthly and quarterly gold loan interest payments.

Calculation of Gold Loan Interest Rate

For the ease of its customers, Muthoot Finance has many tools to help navigate the process of availing a gold loan. One of them is the online Gold EMI Calculator. Customers interested in a gold loan from Muthoot Finance can simply go to their website and by using the online Gold Loan Calculator, they can get their loan eligibility. All you are required to do is enter details such as name, email-id, contact number, gold type, the amount you require, and few other details. It should be noted that the online loan eligibility is an approximate value and the exact loan eligibility is calculated after an in-house gold evaluation at the branch.

After a customer knows his/her loan eligibility, he/she can use the online Gold Loan EMI Calculator to calculate EMI as well. Again, the online EMI value is an approximate value that depends upon the interest rate of the gold loan scheme and the tenure you have chosen. Customers will be delighted to know that when compared to the gold loan interest rate offered by all banks, Muthoot Finance’s gold interest rate in India is among the lowest. The best gold loan interest rates and exceptional customer service have made Muthoot Finance’s loan against gold interest rate a deciding factor for its customers. To sum it up, the interest rate of the gold loan depends upon the type of loan scheme availed and its tenure. And this knowledge of gold loan interest is crucial because it directly affects the EMI of your loan. Thus, a low interest gold loan can reduce your repayment costs to a great extent.

Additional Charges

Interest on the gold loan isn’t the only thing that has to be serviced by the customer. There are additional charges that have to be borne by the customer and are listed on their website. Apart from offering among the lowest gold loan interest rates among its contemporaries, Muthoot Finance’s service charges are also quite nominal. Thus, with the best gold loan interest rates coupled with a customer-centric focus, Muthoot Finance offers gold loan interest rates that are quite attractive.

The success and popularity of Muthoot Finance are built on a solid foundation of trust, transparency, and keeping customers first. We continuously come up with customer- friendly initiatives and tools for their patrons to make an informed decision. It is not only about offering the lowest gold loan interest rates but also being transparent in our dealings. All information regarding the interest rates on their gold loans, loan eligibility and EMI calculator tools, FAQs as well as the schedule of charges are available on our website.

Gold Loan Schemes

MUTHOOT
ONE PERCENT LOAN

  • Small loans at low interest rates.
  • Loan Amount: ₹1,500 to ₹50,000

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MUTHOOT
ULTIMATE LOAN (MUL)

  • Maximum loan value and discounts on timely interest payments.
  • Loan Amount: Starting at ₹1,500

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MUTHOOT
DELIGHT LOAN

  • Loan Amount: Starting at ₹50,000
  • Loans upto ₹5 crores - with lower interest rate

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MUTHOOT
MUDRA LOAN

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

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MUTHOOT
ADVANTAGE LOAN

  • Competitive per gram and interest rates.
  • Loan Amount: ₹50,000 to ₹5 Crores

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MUTHOOT HIGH VALUE
PLUS LOAN (MHP)

  • Loans curated for the business community.
  • Loan Amount: Starting at ₹2 Lakh

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MUTHOOT
HIGH VALUE LOAN (MHL)

  • Loans which are ideal for longer periods.
  • Loan starting from ₹50,000 and no maximum limit

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MUTHOOT BIG BUSINESS LOANS

  • Low rates of interest with maximum LTV
  • Tenure: 12 months

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BEST VALUE SCHEME (BVS)

  • Offered at South India branches only
  • Loan Amount: ₹50,000 to ₹5 Crores

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HIGH VALUE RETENTION (HVR)

  • Offered at South India branches only
  • Loan Amount: ₹20 Lakhs to ₹5 Crores

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  • GOLD LOAN SCHEMES

    Avail the best interest rates and quick loan disbursals with Muthoot Finance.

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    Begin your gold loan journey with Muthoot Finance today!


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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 -Fresh loan - Rate applicable per account (MBD/MBE)

Rest of India

MBD/MBE-Rs.2,500/loan
4 Security charges- Fresh loan

Rest of India

0.15% of loan amount- Minimum Rs.60/- and Maximum Rs.600/-
5 Token charges- (For schemes except given in Sl no.1, 2, 10 & 11)

Southern Branches

Loan up to Rs.10000/- -->Rs.10/- and Above Rs.10000/- -->Rs.20/-
6 SMS charges

ALL

Rs.5/per quarter at the time of closure or renewal
7 Notice Charges (Applicable for loans under all schemes) Southern Branches

Rest of India
3 ordinary notice Rs.30/each and 4th notice-Registered-Rs.100/-

3 ordinary notice Rs.30/each and 4th notice-Registered-Rs.100/- Auction Notice charges Rs.120/-
8 Token lost charges (Applicable for loans under all schemes)

ALL

Rs.25/-(in addition to cost of stamp paper applicable)
9 Stamp duty levied by State Governments

States🡪Karnataka , Andhra and Rajasthan

Actuals where ever applicable
10 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

11 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

12 Loan @ Home charges

ALL

Upto Rs.500/- for loan @ home services
13 Loan @ Home charges

ALL

If loan amount Amount
>Rs.3 L to Rs.5 L Rs.25/-
>Rs.5 L to Rs.15 L Rs.40/-
>Rs.15 L to Rs.50 L Rs.50/-
>Rs.50 L Rs.75/-
14 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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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

Refer a Friend*

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

refer now
*T&C apply

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

At Muthoot Finance, you can get the lowest interest rate on gold loans and the minimum loan amount that can be availed is INR 1,500. Simply choose from the several gold loan schemes available on the website depending on the loan amount and tenure of the loan.

The repo rate is directly proportional to the floating rate of the gold loans. If there is a cut in the repo rate, the Muthoot Finance gold loan interest rate also gets lower down. If the gold loan amount is offered at a fixed rate, the repo rate does not affect the interest rate of a Gold Loan in Muthoot Finance.

Muthoot Finance offers the gold loan at the best interest rates. The applicant does not only have to pay the interest on the gold loan but there are additional service charges that have to be paid by the customer.
Apart from the best gold loan interest rates, the additional charges are very nominal and are listed on the Muthoot Finance website.

At Muthoot Finance, all gold loan repayments are inclusive of interest rates. The minimum gold loan amount that an applicant can get from Muthoot finance is INR 1,500 without any maximum limit.

Muthoot Finance offers the Rural Gold Loan for farmers to provide financial assistance to people in the rural areas. The interest rate for this gold loan depends on the value and purity of the gold pledged with the bank. Applicants can avail attractive interest rates by visiting the Muthoot Finance website or going to the nearest Muthoot Finance branch.

Muthoot Finance has many tools to navigate its customers in the process of availing of a gold loan. An applicant can use the online gold loan interest calculator on the Muthoot Finance website to give an approximate value of the interest rate. The online EMI value depends upon the interest rate and the tenure of the gold loan the applicant has chosen.

The gold loan interest rate at Muthoot Finance is dictated by several factors, such as the loan amount, loan tenure, loan required, and the value of the gold you can pledge with the bank. To check the current gold loan interest rate visit the Muthoot Finance website or rush to the nearest branch.

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