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Gold Loan Eligibility

  • Apply for Gold Loan from 21 to 65 Years
  • Maximum Loan Amount would be Rs 50 Lakhs
  • LTV Ratio should be up to 75% of the value of the gold

Eligibility Criteria for Gold Loan

Muthoot FinCorp Gold Loans offer maximum benefit to you while keeping your gold safe. Our Gold Loan eligibility is easy to meet and it has been designed keeping your best interest in mind. Make a selection from our multiple Gold Loan schemes depending on your requirement and comfort.

Basic Eligibility Criteria To Apply for Gold Loan

Here are the basic Gold Loan eligibility conditions you are required to meet when applying for a Gold Loan at Muthoot FinCorp:

Eligibility Criteria Muthoot FinCorp Gold Loan
Minimum to maximum age to apply for Gold Loan 21 - 65
Maximum Loan Amount Rs 50 Lakhs
Purity of gold Should be between 18-24 karat
LTV Ratio Up to 75% of the value of the gold

You may witness some alterations in the eligibility criteria depending on the Muthoot FinCorp Gold Loan scheme you choose.

Documents Required to Suit Your Gold Loan Eligibility

The documentation requirements for Muthoot FinCorp’s Gold Loan schemes are extremely simple. You are only required to submit one ID proof and one address proof along with the Gold Loan application. Here are they in detail:

  1. Identity proof: Any one of the following - PAN Card, Driving License, Passport, Voter’s ID Card, Aadhar Card
  2. Address proof: Any one of the following: Voter’s ID Card, Aadhar Card, Rent Agreement, Utility Bills, Bank Statement

How to use Gold Loan Interest rate Calculator?

Muthoot Gold Loan Interest Calculator is extremely easy to use. Follow the below steps:

  • Log on to our webpage featuring Muthoot Gold Loan calculator
  • Enter the required loan amount
  • Select your residential state

When you submit the required details, the calculator will instantly showcase a table with a comprehensive view of interest rate and tenure, according to the inputs. You can select the scheme which suits you best and visit the nearest Muthoot FinCorp branch to take funds home.

How to Apply for a Gold Loan with Muthoot Fincorp

Applying for a Gold Loan with Muthoot FinCorp is easy, swift and convenient.

Here are the steps:
  • You can check your eligibility, tenure and interest rates using our Gold Loan Calculator.
  • Choose from our list of Gold Loan Schemes popilated by the calculator as per your requirement
  • Walk into your nearest Muthoot Blue Branch, hand over your gold, get it verified, weighed and checked.
  • Take home funds instantly.

What makes Muthoot FinCorp the go-to Brand for Gold Loan?

Muthoot FinCorp is a trusted name in the financial market of India. With 132 years of experience, Muthoot FinCorp offers some of the best Gold Loan Schemes, drafted as per customers’ requirements. We aim at not only offering you funds when required, but also at keeping your gold safe until it is time for you to take it home. Avail some of the lowest gold loan interest rates, eligibility and Loan schemes in India, at Muthoot FinCorp.

Frequently Asked Questions

No, CIBIL score is not required for Gold Loan with Muthoot FinCorp. We only require you to meet basic eligibility conditions to avail low-interest Gold Loans.

Any individual between the age of 21 to 65 is eligible to avail a Gold Loan from Muthoot FinCorp. The amount of funds are decided based on the purity of the gold, its weight and the current market rate of Gold in that city.

Each NBFC has a certain minimum criteria that needs to be met by a customer to avail Loan Against Gold. At Muthoot FinCorp, the criteria is as follows:

  • Age: 21-65 years
  • Purity of Gold: 18 to 24 k
  • Maximum loan amount: 50 lakh

The amount of Loan one can get for 1g gold depends upon the market rate of gold per gram in the city. You can walk into your nearest Muthoot FinCorp branches to find out your eligibility and take home funds in one visit.

The processing fee charged by Muthoot FinCorp for availing loan against gold varies from 0.25% to 1% of the loan value. You can speak to our customer service representative or visit your nearest Muthoot FinCorp branch to get more information.

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    Over 4200 branches across India

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    134+ years of legacy

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    Over 30,000 employees serving millions of customer

  • Why Choose Muthoot FinCorp: India’s Leading NBFCs

    Walk in of over 1,00,000 customers a day

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