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Gold Loan Interest Rate

  • Convenience and Flexibility of repayments
  • Affordable Interest Rates
  • Best Value of Your Gold

Interest Rate on Loan Against Gold

Muthoot FinCorp’s Gold Loans are designed to offer maximum benefit while keeping your gold safe. Our Gold Loan interest rates are decided keeping your best interest in mind. Choose among any of our multiple Gold Loan schemes based on the required amount and the interest rate as per your comfort.

What are the Additional Benefits of Gold Loan Interest Rate at Muthoot FinCorp?

Muthoot FinCorp’s Gold Loans come with a host of benefits. With Muthoot FinCorp’s Gold Loan, you get:

  • Affordable Gold Loan Interest Rates: Muthoot FinCorp extends support to borrowers by offering affordable interest rates. Borrowers can avail gold loans with interest rates starting from 12% per annum.  
  • Best Value of Your Gold: Get the maximum permissible value of your gold based on the chosen Gold Loan scheme. 
  • Maximum Security: Muthoot FinCorp keep’s your gold in a fully-owned premium facility with maximum security, instead of a third-party locker, until you take them home.
  • Convenience and Flexibility: All Gold Loan schemes cater to your requirements with specificity. Every gold loan applicant benefits from the convenience of application and flexibility of repayments.

How is Interest Calculated on Gold Loan?

Muthoot FinCorp decides individual interest rates for every individual loan, depending upon your region and requirement. Choose from the most attractive Gold Loan schemes in the market, starting from 12% per annum. A simple interest method is applied to calculate the interest on the gold loan. 

For example, an interest of 12% for one year for a principal amount of Rs 1,00,000 will be Rs 12,000.

Here’s a table explaining Muthoot FinCorp’s interest rates for the various Gold Loan schemes:

Muthoot FinCorp Gold Loan Schemes

Principal Amount

Basic Interest Rate

 

South

N/W/E

Muthoot Blue Guide Gold Loan

Max. Amount - Rs 49999/99999

12-23%

12-24%

Muthoot Blue Bright Gold Loan

Max. Amount - Rs 199999/299999

19.50-23%

19.50-24%

Muthoot Blue Power Gold Loan

Rs 30,000 - Rs 799999

17-19%

17-19%

Muthoot Blue Bigg Gold Loan

Rs 8,00,000 onwards

15%

15%

Muthoot Super Value

Applicable through all ticket sizes

23%

23%

Ashwas Dinam Gold Loan

Rs 30,000 - Rs 199999

21%

22%

Restart India Pradhan

Rs 50,000 onwards

12%

12%

EMI Student Support

Rs 10,000 - Rs 35,000

14%

14%

The final interest rate on the gold loan will be decided by Muthoot FinCorp.

Gold Loan Miscellaneous Charges

Muthoot FinCorp’s Gold Loans are targeted to amplify your possibilities. Only a minimal charge of Rs 12 - 0.25% of the loan value with a fixed upper limit is levied on the loan for processing.  This is the only charged levied by Muthoot FinCorp on a gold loan. 

At the time of application, Muthoot FinCorp’s representatives intimates the applicant about all the information about the fees and charges. There are no hidden terms and conditions.

To know more about the application fee and processing charges, call us at 1800 102 1616 or visit your nearest Muthoot FinCorp branch.

How to Apply for Gold Loan Online?

To apply for an instant gold loan, the applicant neds to follow the steps below:

Step 1: Click on the ‘apply now’ button. 

Step 2: Fill in the application form and hit the submit button.

Step 3:  Our representative will get in touch with the applicant instantly to take the process forward.

For a quicker process, the applicant can visit the nearest Muthoot FinCorp branch. 

Frequently Asked Questions

Here is a simple table indicating the interest rate applicable on the various Gold Loan schemes:

Muthoot FinCorp Gold Loan Schemes

Principal Amount

Basic Interest Rate

 

 

South

N/W/E

Muthoot Blue Guide Gold Loan

Max. Amount – Rs 49999/99999

12-23%

12-24%

Muthoot Blue Bright Gold Loan

Max. Amount – Rs 199999/299999

19.50-23%

19.50-24%

Muthoot Blue Power Gold Loan

Rs 30,000 – Rs 799999

17-19%

17-19%

Muthoot Blue Bigg Gold Loan

Rs 8,00,000 onwards

15%

15%

Muthoot Super Value

Applicable through all ticket sizes

23%

23%

Ashwas Dinam Gold Loan

Rs 30,000 – Rs 199999

21%

22%

Restart India Pradhan

Rs 50,000 onwards

12%

12%

EMI Student Support

Rs 10,000 – Rs 35,000

14%

14%

These figures are based on the basic interest rate and are subject to change. The final interest rate on your individual loan will be decided by Muthoot FinCorp.

The rate of interest is calculated based on the chosen scheme, the value of gold and the eligibility.

You can also visit the nearest Muthoot FinCorp branch to find out the interest rate applicable based on the chosen gold loan scheme.

Muthoot FinCorp’s Gold Loan Interest Rate is decided by factoring in the following:

  • The region where you are availing the gold loan
  • The amount of loan requested against the gold

You can visit the nearest Muthoot FinCorp branch or call us at 1800 102 1616 for more information

Compare the interest rates of our various gold loan schemes using the Muthoot Gold Loan Calculator. Upon furnishing basic information, the calculator populates a comprehensive table. This table displays the tenure and interest rates offered by our schemes. Compare the interest rates and choose the scheme with offers the lowest gold loan interest rate.

 

The foreclosure charges on a gold loan vary from scheme to scheme. When you avail a gold loan from Muthoot FinCorp, our representative will take you over all the charges and fees in detail. 

You can meet with our representative in your nearest Muthoot FinCorp branch or call at 1800 102 1616.

Muthoot FinCorp levies a minimal charge of Rs 12 to 0.25% of the loan amount as processing fees. This amount also has an upper limit and varies from scheme to scheme.

  • 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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