Gold Loan at your Convenience

Minimum loan amount @ ₹1000*
Competitive Interest Rate
Minimum documentation & Hassle-free process
We ensure safe storage of your Gold in our Highly Secure Locker

*T&C Apply

Pursuant to the Co-lending guidelines issued by Reserve Bank of India dated November 05, 2020 titled as "Co-Lending by Banks and NBFCs to Priority Sector" ("Co-lending Guidelines"), Muthoot Fincorp Ltd has entered into Co-lending arrangements with Development Credit Bank, UCO Bank and Bank of Maharashtra. Gold loan products/schemes of the Company under Easy Max2 CL4, Easy Pro2 CL, Restart India Pradhan CL and Easy Scale Up-CL are offered under the said arrangement. Such Co-lending arrangements/products shall be offered in select locations, as may be mutually decided by the Banks and Company, from time to time.

To know about the major Terms and Conditions governing such Co-Lending arrangements with Banks, kindly refer to the Appendix as uploaded/mentioned below:

Easy Max2 CL4

Easy Pro2 CL

Restart India Pradhan CL 11.99

Restart India Pradhan CL 12.99

Easy Scale Up-CL 9.95

Easy Scale Up CL 10.95

Gold Loan Interest Rate & Charges

Muthoot FinCorp offers a variety of gold loan schemes with attractive rates to suit every borrower's needs. We charge nominal Processing Fee. To know more about our gold loan interest rates and charges, click here

To know more about Interest rates and charges, call us 1800 102 1616 or visit your nearest Muthoot Fincorp branch

Gold Loan Calculator

Please Note

This is based on 22 carat gold value
Interest rate for scheme with maximum permissible Loan to Value (LTV)
Scheme details are approximate. Visit your nearest Muthoot FinCorp branch for exact details.

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Why Choose Muthoot FinCorp for Gold Loan?

As the flagship of the 138-year-old Muthoot Pappachan Group, Muthoot FinCorp is a trusted name in gold loans, offering a hassle-free process with competitive rates to meet your financial needs. With minimal documentation and quick disbursement, you can leverage your gold for instant funds. The repayment terms are flexible, allowing borrowers to choose a tenure and rate that suits their income and repayment ability. You can visit your nearest Muthoot FinCorp branches or use our Muthoot FinCorp ONE mobile app for a Gold Loan from Home service.

Release of Ornaments After Closure of Loan to the Legal Heir in Deceased Cases

Customer & Nominee Expired – Legal Heir Comes for Release

Pledge card (Customer Copy)
Death certificate of the Customer and Nominee issued by the Government.
Legal heirship certificate of the Customer issued by the Court or the Government.
NOC from other legal heirs, if more than one legal heir is mentioned in the legal heirship certificate/li>
Address proof and handwritten request letter from the sole legal heir/legal heir who is authorized to release by other Legal Heirs.
Affidavit (notarized) to be executed by such sole legal heir/legal heir who is authorized, in Stamp paper purchased in his/her name.
Cases wherein Customer Copy of pledge card is missing

Customer Expired & No Nominee is Mentioned: – Legal Heir Comes for Release

Documents needed:

Pledge card (Customer Copy)
Death certificate of the Customer issued by the Government.
Legal heirship certificate of the Customer issued by the Court or the Government.
NOC from other legal heirs, if more than one legal heir is mentioned in the legal heirship certificate
Address proof and handwritten request letter from the legal heir who is authorized to release by the other Legal Heirs.
Affidavit (notarized) to be executed by the sole legal heir/legal heir authorized in Stamp paper purchased in his/her name.
Cases wherein Customer Copy of pledge card is missing

Process to be followed:

Check whether theTEE Packet/Application form contains nominee details.
Communicate to the Legal heir, the list of documents to be provided for release.
Collect and verify the documents provided by the Legal heir.
The legal department of the Company verifies the documents and approves release of ornaments to the legal heir.
Approval is communicated by the respective branch to the sole legal heir/legal heir who is authorized, and the gold can be released upon completion of all formalities.

Customer & Nominee Expired; Legal Heirs Are Minors:- Natural Guardian of the Minors Comes for Release

Documents needed:

Pledge card (Customer Copy).
Death certificate of the Customer and Nominee issued by the Government.
Legal heirship certificate of the Customer issued by the Government.
Address proof of the Minors and the Guardian.
Handwritten request letter from the Guardian.
Affidavit (notarized) to be executed by the Guardian in Stamp paper purchased in the name of the Guardian.
Cases wherein Customer Copy of pledge card is missing

Process to be followed:

Communicate to the Guardian, the list of documents to be provided for release.
Collect and verify the documents provided by the Guardian.
The legal department of the Company verifies the documents and approves the release of ornaments to the legal heir.
Approval is communicated by the respective branch to the sole legal heir/legal heir who is authorized, and the gold can be released upon completion of all formalities.

Customer & Nominee Expired; Legal Heirs Are Major(S) as Well as Minor

Documents needed:

Pledge card (Customer Copy)
Death certificate of the Customer and Nominee issued by the Government.
Legal heirship certificate of the Customer issued by the court or the Government.
Address proof of all Legal heirs.
NOC from legal heirs, who are majors. For minors, NOC from their Guardians
Handwritten request letter from the major legal heir who is authorized to release by the other Legal Heirs.
Affidavit (notarized) to be executed by that authorized legal heir in Stamp paper purchased in his name.
Cases wherein Customer Copy of pledge card is missing

Process to be followed:

Communicate to the Major legal heir, the list of documents to be provided for release.
Collect and verify the documents provided by the major Legal heir, who is authorized.
The legal department of the Company verifies the documents and approves the release of ornaments to the legal heir.
Approval is communicated by the respective branch to the sole legal heir/legal heir who is authorized, and the gold can be released upon completion of all formalities.

Scenario – 11

Customer expired & nominee is not willing to redeem the gold :- 3rd party, who is a legal heir, comes for release

Documents needed:

Pledge card (Customer Copy)
Death certificate of the Customer issued by the Government.
Legal heirship certificate of the Customer issued by the court or the Government showing name of the 3rdParty as the Legal Heir of the Customer OR Document showing the relationship between the Customer and the 3rd
NOC from nominee and other legal heirs.
Self-attested Address proof of Nominee.
Handwritten request letter from 3rd
Address proof of the 3rd
Affidavit (notarized) to be executed by the 3rdParty in Stamp paper purchased in the name of 3rd
Cases wherein Customer Copy of pledge card is missing.

Process to be followed:

Communicate to the 3rdParty, the list of documents to be provided for release.
Collect and verify the documents provided by the 3rd
Contact Nominee for confirmation of the release in the name of 3rd
The legal department of the Company verifies the documents and approves release of ornaments to the legal heir.
Approval is communicated by the respective branch to the sole legal heir/legal heir who is authorized, and the gold can be released upon completion of all formalities.