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A gold loan or a loan against gold is a secured loan that customers can avail from Muthoot Finance in lieu of gold ornaments like gold jewellery. It is the easiest way to fulfill your financial needs and proves to be a sensible alternative to availing loans from banking channels.

When it comes to taking a gold loan by Muthoot Finance, you are ensured of complete customer satisfaction. With quick loan disbursals and attractive rates of interests, Muthoot Finance offers complete ease along with an exemplary experience. Numerous people on the lookout for gold loan providers put their faith in us as we have the largest gold loan portfolio in the country.

So, when you search for ‘gold loan near me’, we want you to think of us. We provide the best gold loan at the lowest interest rates to helping fulfil a diverse variety of needs.

Our instant Gold Loan@Home service allows you to get a gold loan at the comfort of your home in 3 easy steps- Request for a gold loan, get the gold valued at home and get money instantly in your bank account. For more info, visit www.loanathome.com

Gold Loan calculator

Calculate your eligibility for a gold loan by Muthoot Finance.

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#Note: This is an approximate value. The final value depends on the gold valuation done at the branch.

#Note: This is an approximate value. The final value depends on the gold valuation done at the branch.

#Note: This is an approximate value. The final value depends on the gold valuation done at the branch.

#Note: This is an approximate value. The final value depends on the gold valuation done at the branch.

GOLD LOAN SCHEMES

Muthoot One Percent Loan

MUTHOOT
ONE PERCENT LOAN

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

MUTHOOT
ULTIMATE LOAN (MUL)

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

MUTHOOT
DELIGHT LOAN

  • Loan Amount: ₹50,000 to ₹5 crores
  • Tenure: 12 months
Learn More
  • 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 Mahila Loan

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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  • Offered at South India branches only
  • Loan Amount: ₹1,500 to ₹1 lakhs
  • Highly discounted rate of 11.9% p.a.
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MUTHOOT
ADVANTAGE LOAN

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

MUTHOOT HIGH VALUE
PLUS LOAN (MHP)

  • Loans curated for the business community.
  • Loan Amount: ₹1,90,000 to ₹5 crores
Learn More
  • 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)

MUTHOOT
HIGH VALUE LOAN (MHL)

  • Loans which are ideal for longer periods.
  • Loan starting from ₹50,000 and no maximum limit
Learn More
  • 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
Best Value Scheme (Bvs)

MUTHOOT BIG BUSINESS LOANS

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

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/-
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

What is a Gold Loan?

Gold loans act as the quickest and easiest way to get funds for business or personal requirements. A gold loan is a secured loan which a borrower takes from the lender in lieu of gold ornaments. The loan amount that lenders sanction is typically a certain percentage of the gold’s value. Like any other loan, you can repay this with the help of monthly instalments and once the loan has been fully repaid, you receive back your gold articles.

Factors like the purity of gold used to make the jewellery, rate of gold on the particular date, and many more impact the loan amount that you get against the gold ornaments you pledged with the lender.

As opposed to other secured loans like a car loan or home loan, there are zero restrictions on the gold loan’s end use. A gold loan proves to be an effective means to fulfil a sudden requirement of money, be it for a business venture or your kid’s education. You can easily check your gold loan eligibility on our website if you wish to avail a gold loan.

As one of the highly reputed gold loan providers in India, Muthoot Finance has a widespread reach and is a name you can trust. We are known for the different types of services we provide so rest assured as we ensure an amiable experience throughout for our customers.

Features of Gold Loan

There are some cases in which we have to borrow money on an urgent basis in order to meet pressing needs. In such situations, one can think of opting for a gold loan. If you have sufficient gold assets with you, you can avail a gold loan by using them as collateral.

Here are the key features offered by a gold loan:

  • A gold loan is an easy and quick way of meeting one’s financial needs as opposed to other loans.
  • There is no requirement of a good credit history to get a gold loan as it is a secured loan.
  • The loan disbursal time is minimal.
  • The paperwork involved is quick and seamless. This is because gold is the collateral which you deposit with the lender.

Why Choose a Gold Loan?

Here are the top reasons why people choose gold loan:

  • You get easy and quick financing at attractive interest rates when you avail a gold loan.
  • Minimum amount of documentation is required.
  • Quick disbursement of the loan.
  • When compared to most of the other loan options, gold loans feature an interest rate that is low.

At Muthoot Finance, you can avail the best interest rates when you avail a gold loan.

Calculator for Gold Loan

You can calculate your eligibility for availing a gold loan by Muthoot Finance by using the Gold Loan Calculator. 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.

Gold Loan Calculator

Gold Loan Icon New

Loan Tenure12 Monthly Loan 300000

30000

Rate of Interest [ROI] is 12

Monthly EMI

Total Interest

Payable Amount

Interest Percentage

  • 0
  • 10,0000
  • 1 Day
  • 365 Days
These are the estimated values and are directional, please contact us or visit our nearest branch for more details.

Check status of your Gold Loan

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Ask an Expert

NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212
SOUTH INDIA CALL CENTER NO.:
99469 01212
(Mon-Sat, 9:30 AM to 6 PM)

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 Group 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
(Mon-Sat, 9:30 AM to 6 PM)

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

Why Avail A Gold Loan From Muthoot Finance?

India's No. 1 Most Trusted Financial Services Brand by Power of Trust, TRA's Brand Trust Report for 6 years since 2016. It is widely trusted for availing the best gold loan in India. Muthoot Finance is a company that provides the best gold loan at lowest interest rates. It also offers different gold loan schemes that you can choose as per your requirement. Each scheme comes with its own advantage and caters to different types and needs of customers.

Muthoot Finance is regarded as the most popular gold loan providers in India, so expect utmost ease and transparency when you avail a gold loan from us.

At Muthoot Finance, we are well aware of the customer’s sentiment attached with the ornaments. Thus, we have put in place specialized safe rooms as well as CCTV cameras for the purpose of round-the-clock surveillance in our every branch. We enter the gold items pledged with Muthoot Finance Ltd. into our systems and every submission is locked away in a packaging that is tamper-proof. All the gold ornaments/jewellery of our customers is safe and secure with us.

WHAT OUR CUSTOMERS HAVE TO SAY

FAQs

Let’s take a close look at the advantages of availing a gold loan from Muthoot Finance, the company that offers the best gold loans in the country:

 

  • Fast loan disbursal
  • Customer oriented Services
  • Minimal documentation
  • In-house gold evaluation
  • Get minimum loan amount of  ₹1500 and no maximum limit
  • Pre-payment option-with no penalty
  • Strong rooms put in place for providing safe custody of gold ornaments
  • Prompt customer service within a shorter response time

Any major Indian citizen is eligible to avail a gold loan from us. All they are required to do is provide the required documents along with the gold ornaments.If you wish to apply for a gold loan with us, visit our nearest branch by searching for ‘Muthoot Finance gold loan near me’ on the web.

The only security that is needed from the end of the customer to avail our gold loan is the gold they pledge. There is no requirement for an external/third party guarantor for the same. The loan gets sanctioned against the gold pledged.

There is no minimum tenure of gold loan. However interest is charged for minimum period of 7/15 days depending upon the gold loan scheme chosen.

The maximum tenure is 12 months.

You can pledge any type of gold ornaments/gold jewellery with us. This includes items like rings, necklaces, watches, bracelets, 'Kardahs,' pendants, 'Polki' sets, and more. You can always consult our executives at your nearest Muthoot Finance branch for the exhaustive list.

You can repay your loan at any of our branches by cheque, cash, or debit cards (please note that demand drafts and credit cards are not accepted). You can even repay your loan against gold online by using iMuthoot mobile application or Online Webpay facility. To visit our Online Webpay facility, click here.

The loan can be repaid at any Muthoot Finance branch, no matter the location. The CBS system of Muthoot Finance is implemented in every branch and lets customers repay their loan at any particular branch. But, it is important to note that the final collection of the gold needs to be done from the initial branch where it was pledged.

 

As for partial repayment, you can pay that along with interest at any of our branches or online on our website.

 

For instance, if a person has a gold loan of ₹1,00,000.00 for a period of 3 months. The person may come on the 20th day from the loan’s start and pay 20 days interest and an additional ₹10,000.00 (part payment). Then, this additional amount will be fully adjusted from the principal amount and from the 21st day the interest will be charged on ₹90,000.00.

You will receive back the gold which you pledge with Muthoot Finance after you repay the loan and the complete amount. If you fail to repay the loan, then Muthoot Finance Ltd will reluctantly auction off the same. The borrowers will receive periodical reminders for payment of overdue interest and after the tenure of the loan, a final Notice before the auction.

 

Another important thing to know about the gold loan offered by us is that the pledged gold is required to be collected from the branch where it was initially pledged as well as stored.

 

The minimum amount of the gold loan range by Muthoot Finance is ₹1500.

At Muthoot Finance, we are well aware of the customer’s sentiment attached to the ornaments. Thus, we have put in place specialized safe rooms as well as CCTV cameras for the purpose of round-the-clock surveillance in our every branch. We enter the gold items pledged with Muthoot Finance Ltd. into our systems and every submission is locked away in a packaging that is tamper-proof.

So, you can remain worry free and avail a gold loan in an easy process from Muthoot Finance.

 

There is no maximum limit on the Muthoot Finance gold loan.

If you wish to apply for a gold loan with us, you can visit any of our branches and talk to a customer care executive. The executive will assist you in filling out a KYC form for Gold Loan and provide you guidance for the process that follows.

This is dependent on the purity of gold in the ornaments and the rate of gold on that date. So, for this, please visit your nearest Muthoot Finance Branch. To locate a branch of Muthoot Finance near you, simply search ‘Muthoot Finance gold loan near me’ on the internet.

You can click here for contact us page or call at 1800 313 1212. You can also voice any concerns that you may have on our Twitter handle and Facebook page.

 

With us, you can rest assured that only excellent services will be offered. Muthoot Finance offers the best gold loans at lowest interest rates.

 

You can pay the loan amount before the completion of your loan tenure by paying the interest, without having to pay any foreclosure charges or prepayment penalties.

Muthoot Finance understands the emotional attachment that customers have to their jewellery. As a result, we have installed specialised safe rooms as well as CCTV cameras in each of our branches for round-the-clock surveillance. We enter the gold goods committed with Muthoot Finance Ltd. into our systems, and each submission is stored in tamper-proof packaging. Hence, you may relax and get a gold loan from Muthoot Finance in a simple method.

No, a co-applicant is not required in order to obtain the Muthoot Finance gold loan. In order to proceed with the registration, you must give all of the basic information for the gold loan as specified by the company's terms and conditions. This comprises declarations and commitments made by the borrower and confirmed by him, as well as any additional papers requested by the organisation.

If an individual fails to repay the loan on time, the lender typically initiates a grace period for repaying the loan. If the loan remains outstanding beyond this period, the lender may charge additional penalties or interest. In rare prolonged non-payment cases, the lender can auction the gold pledged to recover the outstanding balance. It is essential to communicate with the lender and discuss options, such as loan restructuring or extension, to avoid default or potential loss of the pledged gold.

The loan-to-value ratio for gold loans varies from lender to lender and depends on prevailing market conditions. It typically ranges from 70% to 90%. The LTV ratio indicates the percentage of the market value of the pledged gold that the lender is willing to loan. Most lenders may adjust this ratio based on specific factors, such as the purity of the gold, risk assessment, and the loan amount. Always check with the lender for their particular LTV policies.

Taking a gold loan directly does not instantly impact your credit score, as it is a secured loan where your gold serves as collateral. The lender does not report repayment behaviour to credit bureaus unless there is a default in the repayment of the loan amount. Paying the loan on time can severely affect your credit score as it reflects negatively on your credit history. Responsible repayment of gold loans can help you improve your credit score by demonstrating good financial management.

Yes. A borrower can renew their gold loan after the initial tenure ends under particular conditions. Renewal typically involves paying off the outstanding principal balance and accruing interest, after which you can extend the loan with the same pledged gold as collateral. Lenders may reassess the gold’s value and adjust terms and conditions based on the prevailing market conditions. It allows you to continue using the same collateral for liquidity without needing to pledge new assets.

Taking a gold loan does not have direct income tax implications since it is a loan against a physical asset, gold. Interest paid on the loan is not eligible for tax deductions under standard income tax protocols. However, if you sell the gold to repay the loan and generate a profit, you may be subject to capital gains tax depending on the holding period and applicable tax laws. Consult with a tax advisor as a necessary step for specific guidance tailored to your situation.

An overdraft gold loan functions like a regular credit line where you can withdraw funds up to a pre-approved amount against your pledged gold. Interest is charged only on the amount you withdraw and for its utilised duration. On the other hand, a regular gold loan provides a lump sum amount based on the value of the pledged gold, with fixed repayment periods and interest calculated on the entire loan amount.

Covid-19 Gold-Loan FAQs

Under the regulatory relief package declared by Reserve Bank of India, Moratorium would mean a temporary postponement of payment of principal/interest/ instalment of a loan upto a maximum period of 3 months.

No waiver of any sorts is envisaged under the Moratorium.

Moratorium will be applicable for gold loans which are active as on 01.03.2020 and completing the sanctioned period of 12 months on or before 31.05.2020.

We have extended the tenure of all gold loans which are falling due for payment, on expiry of the sanctioned period of twelve months between 01.03.2020 to 31.05.2020 by 90 days.

If the gold loan was availed on 15.03.2019 and falls due for payment on 08.03.2020 on expiry of 360 days period, the due date will be shifted to 06.06.2020, i.e., by 90 days.

No. You will be given 90 extra days for closing/ renewing the loan. You may, at any time during the extended period, close/renew the loan by paying the full interest at the then prevailing LTV.

Yes. Interest will continue to be applied on the loan at the applicable rate as on the date of extension of the period, as per the agreed terms and conditions.

Yes. You are welcome to service the interest and / or make part payment towards the principal, which will reduce your liability and the burden of repaying the full amount on maturity.

We will certainly look at such cases sympathetically and take a decision on a case to case basis after our branches reopen. Such requests for concessions can only be processed by the branches.

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