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Loan Scheme  Annual Interest Rate (on diminishing balance) 
Remarks  

Express Gold Loan  Daily Interest Scheme ( All states except Kerala) 
24%  If interest is not remitted continuously for 3 months the rate of interest will be 27% p.a retrospectively from the beginning. If interest is not remitted continuously for 6 months the rate of interest will be 30% p.a retrospectively from the beginning. Further after 6 months, additional interest at 12%p.a will be charged on the defaulted interest amount for the completed months of default. 

Smart+ Gold Loan (EMI Scheme)  24%  
Traders Flexi Gold Loan  24%  
Express Gold Loan  upto Rs 2 lakhs ( All states except Kerala) 
22%  In the event of nonpayment of interest every month the interest slab will be 24% p.a. retrospectively from the beginning. If interest is not remitted continuously for 3 months the rate of interest will be 27% p.a retrospectively from the beginning. If interest is not remitted continuously for 6 months the rate of interest will be 30% p.a retrospectively from the beginning Further after 6 months, additional interest at 12%p.a will be charged on the defaulted interest amount for the completed months of default 

Express Gold Loan  Daily Interest Scheme (Kerala) 
22%  
VyaparMitra Gold Loan ( Kerala ) Minimum  Rs 10,000 Maximum Rs 5,00,000 
18%  In the event of non payment of interest above one month and up to two monthsthe rate of interest willbe 22% p.a. retrospectively from the beginning. If there is default of above two months and up to 3 months the rate of interestwill be 24%p.a. retrospectively from the beginning. If there is default of more than 3 months and up to 6 months the rate of interest will be 27% p.a. retrospectivelyfrom the beginning. If there is default of above 6 months the rate of interest will be 30%p.a retrospectively from the beginning. 

VyaparMitra Gold Loan (All States except Kerala) Minimum  Rs 10,000 Maximum Rs 5,00,000  20%  In the event of non payment of interest above one month and up to two monthsthe rate of interest will be 22% p.a. retrospectively from the beginning. If there is default of above two months and up to 3 months the rate of interestwill be 24%p.a. retrospectively from the beginning. If there is default of more than 3 months and up to 6 months the rate of interest will be 27% p.a. retrospectivelyfrom the beginning. If there is default of above 6 months the interest slab will be 30%p.a retrospectively from the beginning. 

Muthoot Multi Interest 


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.  
*Conditions apply. 