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Gold Loan Calculator

*These are indicative figures, for exact amount / grammage, pls contact your nearest Muthoot Fincorp Branch.

Enter the Amount required or the weight of gold in grams

What documents do I need to produce?

Original proof of identification. Any of the following are acceptable:

  • Passport
  • Govt of India election ID card with address proof
  • PAN card and address proof
  • Driver's licence
  • Any Govt departmental ID card
  • We are bound by and follow KYC norms as per the regulator's guidelines

Interest Rate structure*

Scheme Default Interest Slab Period/s Kerala Other States
Express Gold loan
-Kerala & Outside Kerala- upto Rs 200000
(Max. Tenor 9 months)
Upto 1 month 22% 22%
>1 upto 3 months 24% 24%
>3 upto 6 months 27% 27%
>6 months 30% 30%
Express Gold loan -
Outside Kerala Abv Rs. 200000/
( Max. Tenor 9 months)
Upto 3 months - 27%
> 3 upto 6 months - 27%
>6 months - 30%
       
Multi Interest Product (MIP)
M14 - 70% of LTV Maximum amount-
Upto Rs 50000
Upto 1 month 14% 14%
>1 upto 3 months 17% 17%
>3 upto 6 months 21% 21%
>6 upto 12 months 24% 24%
> 12 months 27% 27%
Multi Interest Product (MIP ) M18-
80% OF LTV Maximum amount-
Upto Rs 300000/-
Upto 3 months 18% 18%
> 3 upto 6 months 22% 22%
>6 upto 12 months 24% 24%
> 12 months 27% 27%
Multi Interest Product (MIP) M 22 - 90% OF LTV
Maximum amount-As per approval
Upto 5 months 22% 22%
> 5 months upto 12 months 24% 24%
> 12 months 27% 27%
Additional interest @ 12% p.a. on defaulted interest will be charged if exceeding 12 months under MIP scheme.
Max. Tenor for all MIP products is 12 months.
Muthoot Special Gold loan (MSGL)-
Minimum- Rs 2,00,000
(Max. Tenor is 6 months)
Upto 3 months 15% 15%
> 3 upto 6 months 17% 17%
>6 months 20% 20%
Processing charges Rs 1000 + Serv Tax      
Special 16-
Minimum-Rs 1,00,000
Maximum- Rs 1,99,999
(Max. Tenor 6 months)
Upto 3 months 16% 16%
  > 3 upto 5 months 20% 20%
  > 5 upto 6 months 22% 22%
In the event of default ,Additional interest at the rate of 3% per month will apply on the defaulted EMI for the defaulted no. of days Pre Closure charges applicable .
Vyapar Mitra -
Minimum -Rs 10000
Maximum- Rs 5,00,000
Upto 1 month 18% 18%
>1 upto 2 months 22% 22%
>2 upto 3 months 24% 24%
>3 upto 6 months 27% 27%
> 6 months 30% 30%
Processing fee 0.05% of loan amount subject to a maximum of Rs 100/-
(charged only for the first pledge)
Traders Flexi Gold loan (TFL) 0-30 days 22% 22%
31-90 days 24% 24%
91-180days 27% 27%
Minimum Amount Rs.50000
(Max. Tenor 6 months)
Abv180 days 30% 30%
       
1. Interest is charged on Monthly compounding basis for Express Gold loan & Special 16. For others it will be on ab initio basis from the beginning.
2. In all cases interest slab will shift back to original rate at which the loan was availed if interest is paid up to date along with additional charges if any from the date of clearance of default
3. Service Taxes as applicable will be collected extra along with processing fee.
       
MSME loans
SME Loan- (Hypothecation of Stock )
Minimum : Rs 5,000
Maximum : Rs 50,000
24%p.a Repayment through daily installment (EDI) collected in 104 business days.
Customer will be charged a default rate of 3%per month on the defaulted EDI amount for delayed number of days, if the EDI is not paid every day.
Processing charges : Rs.300+Serv Tax.
Collection cum Service Charge: 1% of loan amount
or Rs.150 whichever is higher.
Suvidha Loan- ( Short term business loan)
Minimum : Rs 5,000
Maximum: Rs 15,000
24%p.a Repayment through daily installment (EDI) collected in 104 business days.
Customer will be charged a default rate of 3%per month on the defaulted EDI amount for delayed number of days, if the EDI is not paid every day.
Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

* All interest rates mentioned are p.a only

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FAQs

What is 'Domestic Money Remittance (DMR) Service'?

'Domestic Money Remittance (DMR) Service' means sending money within India. Under our 'Domestic Money Remittance (DMR) Service' , any person holding an active Mobile Phone Number ("Depositor") will be able to remit money to a Bank Account-holder having an active Mobile Phone Number ("Beneficiary"), conveniently through the Customer Service Points (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / Customer Service Points (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / BC Agents, subject to certain limits. (i.e., Cash-to-Account remittance is being facilitated)

What are the benefits of Domestic Money Remittance Services to the general public?

  1. Any person, holding a Mobile Phone, can remit money
  2. Any other person holding a bank account anywhere in India can receive money.
  3. It is convenient, cost-effective, swift & secure
  4. Real time SMS alert for both sender and receiver
  5. Settled through RBI and Bank approved system
  6. No cost for recipient / beneficiary

Who is the Depositor?

The Depositor is the one who remits the money to the Beneficiary.

Should the Depositor hold a Bank Account?

Not necessary; however, even if he / she holds a Bank Account, then also he / she can avail of the DMR Service.

Is it necessary for the Depositor to hold an active Mobile Phone Number?

Yes. The Depositor would be able to register the Beneficiary only through the Depositor's Mobile Phone Number, which would get registered at the time of Depositor Registration.

Who is a Beneficiary?

A Beneficiary is the recipient of the money being remitted by the Depositor.

Should the Beneficiary hold a bank account?

Yes. A Beneficiary should necessarily hold a bank account, to receive the money through DMR Service.

Whether the Beneficiary needs to hold the account with the same Bank?

No. The Beneficiary can hold the account with any bank; the only requirement is the Branch should be participating in NEFT – i.e., should have an IFSC number allotted – Indian Financial System Code or should be participating in IMPS, in case the Depositor wants to remit money through IMPS System.

Should the Beneficiary hold an active Mobile Phone Number?

Yes. Only if the Beneficiary holds an active Mobile Phone Number, the transaction completion alert could be sent to the Beneficiary, helping the Beneficiary understand that money has been credited to the Beneficiary's account by the Depositor.

Whether the Beneficiary needs to pay any charges?

No. The Beneficiary need not have to pay any charges. The Beneficiary's bank account would be credited with the remittance amount through NEFT or IMPS System.

What is IMPS?

IMPS stands for 'Interbank Mobile Payment Service'; it is also known as "IMmediate Payment Service". It is an interbank electronic instant mobile money transfer service through mobile phones in India. IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use mobile instruments as a channel for accessing their bank accounts and put high interbank fund transfers in a secured manner with immediate confirmation features.

Can the Depositor's name be modified subsequently?

No. Once registered, the Depositor's name shall continue to remain the same. In case the Depositor wanted a change in the name, then the Depositor can request for deletion of the earlier registration and could get registered as a Depositor, afresh.

Can the Depositor's Address be modified subsequently?

Yes. The Depositor can call up Operations team at CIGS and request for change of address; Operations team would return the call on the registered Mobile Phone Number of the Depositor, record the request in a separate Register meant for the purpose and effect necessary changes. (In due course, change of address request through SMS, using the Mobile Phone Number of the Depositor, would be enabled)

Can the Depositor's Mobile Phone Number be changed subsequently?

No. If the Depositor had already discarded the old Number, then he / she can, afresh, register as a Depositor, using the new Mobile Phone Number. The earlier record of the Depositor would remain dormant. If the Depositor was holding the existing Mobile Phone Number, then he / she can notify the Operations team of CIGS, of the intent to change the Mobile Phone Number; the Operations team would call back, on the existing Mobile Phone Number, to verify the veracity of the information; if found to be in order, the Operations team would delete the existing Depositor record and advise the Depositor to register afresh, by giving the required information, including the new Mobile Phone Number, to the BC Agent. Every time such new registration occurs, the Depositor has to register the Beneficiary / Beneficiaries afresh.

What will happen, if any of the particulars related to the Beneficiary is wrong / erroneous?

If the Name, Bank, Branch, IFSC or Account Number were erroneous, the remittance transaction would get bounced; however, in case the erroneous entry matches with any other account / person, the amount would get credited to the unintended beneficiary, resulting in loss of money to the Depositor. In case the Mobile Phone Number of the Beneficiary was wrong, the SMS alert would either not get delivered or would reach an unintended Mobile Phone Subscriber, if the given Mobile Phone Number was held by anyone else.

In case of erroneous registration of a Beneficiary, what is the remedy available to the Depositor?

The Depositor needs to register the Beneficiary afresh, by providing the correct information.

Can a Depositor de-link any of the registered Beneficiaries?

Yes. For example, if the Depositor wants to de-link Beneficiary number 3 from the table of five Beneficiaries linked to the Depositor, the Depositor can call up the Operations Team of CIGS; the Ops Team would return the call, to ascertain the veracity of the request; if found in order, the Ops Team would delete the Beneficiary record concerned, from the Depositor's Profile. (De-linking of Beneficiary through SMS would be enabled in due course of time)

How the Depositor will get to know of the status of the Remittance transaction?

  1. Upon successful initiation of the Remittance request, both the Depositor and the BC Agent concerned would get the response SMS, along with the Transaction Reference Number.

How many Beneficiaries could be registered by a Depositor?>

A Depositor can register any number of Beneficiaries.

Can a Beneficiary be registered by more than one Depositor?

Yes. More than one Depositor can register the same Beneficiary.

Can a Depositor be a Beneficiary of another Depositor?

Yes. A Depositor could be registered as a Beneficiary by another Depositor.

Can a Beneficiary be a Depositor as well?

Yes. A Beneficiary could register himself / herself as a Depositor.

Domestic Money Transfer Domestic Money Transfer Domestic Money Transfer

Instant Real Time Money Transfer. Fast Easy and Secure

Our Service Providers have licensed from RBI for sending money to bank account through IMPS and NEFT. Money can be transferred to the bank account by either adding beneficiary or without adding any beneficiary

Currently we have tied up with Oxigen Services and X Pay