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Muthoot Finance Gold Loan Highlights |
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| Interest Rates | 10.90% p.a. onwards |
| Collateral | Gold loans against ornaments of 22 carats to 24 carats purity. |
| Loan Tenure | From 1 month to 12 months |
| Loan Amount | Rs 1,500 to Rs 5 crore |
| LTV Ratio | Up to 75%, depending on the gold’s purity |
| Gold Loan Repayment Facility | Monthly Interest Payment, Bullet Payments, Partial Payments |
Last updated as of 20 March 2025
Muthoot Finance Gold Loan Interest Rate
Muthoot Finance gold loan interest rates start from 10.90% p.a. MFL also offers Zero Interest Loans (ZIL) all over India.The NBFC also consider the loan tenure and the type of gold loan scheme availed while setting gold loan rates of its applicants.
Stated below are gold loan interest rates based on the types of Muthoot Gold Loan schemes:
Gold Loan Interest Rates for South Indian Branches
| Scheme | Interest Rates (p.a.) |
| Muthoot MUDRA Loan | 11.90% onwards |
| Muthoot Advantage Product (MAP) | 15.00% onwards |
| Muthoot High Value Loan (MHL) | 15.00% onwards |
| Best Value Schemes (BVS) | 14.00% onwards |
| High Value Retention (HVR) | 10.90% onwards |
| Muthoot Delight Loan (MDL) | 11.90% onwards |
Gold loan applicants should note that southern branches include the MFL branches located in the state of Andhra Pradesh, Telangana, Goa, Kerala, Karnataka, Tamil Nadu, Andaman & Nicobar UT, Pondicherry UT and some parts of Maharashtra.
Gold Loan Interest Rates for Rest of India (excluding South Indian Branches)
| Scheme | Interest Rates (p.a.) |
| Muthoot One Percent Loan | 12.00% onwards |
| Muthoot Ultimate Loan (MUL) | 22.00 % onwards (2% rebate if the borrower pays 100% interest monthly) |
| Muthoot Delight Loan (MDL) | 17.00% onwards |
Muthoot Finance Gold Loan Fees & Other Charges
Fees & Other Charges – All over India
| Particulars | Charges |
| Service charges on Fresh loan | Rs 50 per loan account |
| Service charges on Fresh loan under MEI scheme | 0.60% of the loan amount |
| SMS charges | Rs 5 per quarter at the time of loan closure or renewal |
| Safe Custody Charges | Rs 5/per gram per month, payable at the time of loan closure or renewal |
| Loan @ Home Charges | Up to Rs.500 for loan offered at home services |
Fees & Other Charges – South Indian Branches
| Particulars | Charges |
| Service charges on Fresh loan | 0.15% of the loan amount (Minimum Rs.100; Maximum Rs.1,000) |
| Notice Charges | Rs.30/each on first 3 ordinary notice and Rs 100 for 4th notice |
| CAC (Credit Appraisal Charges) – If total exposure is above Rs 3 lakhs | For loans:
Above Rs 3 lakhs to Rs 5 lakhs: Rs 25 Above Rs 5 lakhs to Rs 15 lakh: Rs 40 Above Rs 15 lakh to Rs 50 lakh: Rs 50 Above Rs 50 lakh: Rs 75 |
| Door to Door collection charges (Follow up for interest or loan recovery) | Rs.150 per customer for recovery made through customer follow up visit |
Fees & Other Charges – Rest of India (excluding South Indian Branches)
| Particulars | Charges |
| Service charges on Fresh loan (IPL) | 1% on the loan amount (for 1 year only) |
| Notice Charges | Rs.30/each on first 3 ordinary notice and Rs 100 for 4th notice; Auction Notice charges Rs.120 |
Types of Muthoot Finance Gold Loan
Stated below are the various schemes of Muthoot Finance Gold Loan. MFL also offers free insurance for pledged gold ornaments on its gold loan schemes (except on Muthoot MUDRA Loan). Applicants can also avail Online Gold Loan (OGL) facility on any of the below mentioned schemes.
Muthoot One Percent Loan
Loan amount: Rs 1,500 to Rs 50,000
Tenure: 1 year
Muthoot Ultimate Loan (MUL)
Loan amount: Rs 1,500 and onwards
Tenure: 1 year
Additional offer: Applicants can get 2% rebate if 100% of the gold loan interest is repaid monthly
Muthoot Delight Loan
Loan amount: Rs 50,000 to Rs 5 crores
Tenure: 1 year
Muthoot MUDRA Loan
Loan amount: Rs 1,500 to Rs 1 lakhs
Muthoot Advantage Loan
Loan amount: Rs 50,000 to Rs 5 crores
Tenure: 1 year
Muthoot High Value Plus Loan (MHP)
Loan amount: Rs 1.9 lakhs to Rs 5 crores
Tenure: 1 year
Muthoot High Value Loan (MHL)
Loan amount: Rs 50,000 and onwards
Tenure: 1 year
Best Value Scheme (BVS)
Loan amount: Rs 50,000 to Rs 5 crores
Tenure: 1 year
High Value Retention (HVR)
Loan amount: Rs 10 lakhs to Rs 5 crores
Tenure: 1 year
Muthoot Finance Gold Loan Repayment Options
Applicants can either opt for ‘Monthly Interest Payment’ option wherein customer can repay the interest monthly or ‘Bullet Payment’ option wherein the applicant can repay the entire loan amount at the end of the tenure. Partial payment and pre-closure options are also available for early repayments.
Muthoot Finance – Gold Loan @ Home Service
MFL offers 30-minute doorstep service for availing gold loans starting at Rs 10,000. The lender also provides instant cash loan for up to Rs 2 lakhs and Top-Up loan services. Applicants can avail this service either through Gold Loan@Home mobile application or call @ 1800 202 1212 on any of the above mentioned gold loan schemes.
Loan Tenure
The minimum tenure of the Gold Loan @ Home Service is 7 days and the maximum tenure is 1 year. In the case of gold loan availed with monthly interest payment scheme, the maximum tenure extends to 3 years.
Repayment Facility
Applicants have the choice to repay gold loan either through monthly interest payments or making partial repayments based on fund availability or opting for bullet repayment facility.
Gold Loan Transfer/Takeover Gold Loan
Gold loan borrowers can transfer their existing gold loan to ‘Loan at Home by Muthoot Finance’ through Gold Loan Transfer Facility. The principal amount will be paid by the MFL and the difference (if any) by the borrower.
Eligibility Criteria for availing Muthoot Gold Loan
Muthoot Finance offers gold loans against ornaments of 22 carats to 24 carats purity to the resident Indian applicants aged 21 and above. Further, the applicant’s eligibility for gold loan also depends on the value per gram of their gold jewellery. The value of the gold loan is determined by the current gold rate, weight of the gold items, and the purity of the gold.
Documents Required for Muthoot Finance Gold Loan Application
Stated below are the detailed list of documents required for availing gold loan and balance transfer gold loan to MFL:
Documentation for Availing Gold Loan
- Photo Identity proof – PAN Card, Driving License, AADHAR Card, Passport, etc.
- Address identity proofs: Sales deed, rent agreement, voter ID card, driving license, utility bills, etc.
- Passport size photographs of an applicant
Documentation for availing Gold Loan Transfer Facility
- Identification Proof (PAN Card, Passport, Driving Licence, Aadhaar Card or Voter ID, etc.)
- Proof of Address (Utility Bill, Water Bill, Gas Bill, Passport, etc.)
- Recent Passport-size Photographs
Muthoot Finance Gold Loan EMI Calculator
Muthoot Finance has not disclosed whether it provides an EMI repayment option on gold loans. If applicants want to take gold loans on EMI, they can consider other lenders that offer EMI gold loan facilities. Additionally, applicants can use Gold Loan EMI Calculator provided by respective lenders to determine their EMIs based on their loan tenures and interest rates. Alternatively, applicants can use Paisabazaar’s Gold Loan EMI Calculator for the same purpose.