Muthoot Finance gold loan interest rate: Complete Guide to Charges & Options

Key Takeaways
 

• Muthoot Finance provides affordable credit with a Muthoot Finance gold loan interest rate per month starting at approximately 1%.
   
• Borrowers can choose from diverse schemes ranging from ₹1,500 to over ₹5,00,00,000 with tenures up to 12 months.
   
• The Muthoot Finance interest rate calculator allows for instant estimation of loan amounts and interest costs from any location.

Gold ornaments should not just sit in a locker when they can solve urgent financial needs instantly. Kya aap jaante hain ki aapka sona aapki sabse badi taqat ban sakta hai? Muthoot Finance offers quick liquidity by providing loans against gold jewellery with minimal documentation. Whether someone is searching for a Muthoot Finance gold loan interest rate in Delhi or other regions, the process remains transparent and customer-friendly.

A gold loan is a secured credit facility where gold jewellery acts as collateral for a specific loan amount. Think of it as a “safety valve” for your finances that keeps assets safe while providing cash for immediate use. The lender returns the ornaments once the borrower pays back the principal amount and the interest.

If I pledge gold worth ₹1.35 Lakhs, I can typically receive a loan of up to ₹1,00,000 because the loan-to-value (LTV) ratio is usually 75%. The monthly interest would be approximately ₹1,000 for a Muthoot Finance gold loan interest rate for 1 lakh, at an annual rate of 12%. 

Different Gold Loan Schemes by Muthoot Finance

Muthoot Finance offers a wide variety of schemes customised to different loan amounts and geographical locations. Each scheme is designed to provide maximum value and flexible repayment options.
 

These schemes ensure that every individual finds a plan that aligns with their specific financial goals and repayment capacity.

Bonus Tip: Muthoot Finance has recently raised its gold loan growth projection for FY26 to 30-35% due to a massive surge in demand and rising gold prices. This means more accessible credit options for you this year!

Processing Fees & Other Charges on Muthoot Finance Gold Loan 

There are certain nominal charges associated with the processing and safety of the loan beyond interest:
 

All charge details are available on the official https://www.muthootfinance.com/gold-loan/interest-rate.

Easy Steps to Apply for a Muthoot Finance Gold Loan!

The application process follows a simple and efficient path to ensure quick fund access. Use these step-by-step instructions to navigate your application with ease.
 

Borrowers should bring an Aadhaar Card and a PAN Card for a faster approval process. The platform also allows for easy Muthoot Finance gold loan interest rate payment online to help maintain a good credit history.

Conclusion

Muthoot Finance provides a reliable way to unlock the value of gold with flexible interest rates and high security. These loans offer a quick solution for personal or business needs with easy digital repayment options. Check your Muthoot Finance gold loan interest rate in Delhi today for local benefits. You can also monitor your Muthoot Finance gold loan interest rate per month to plan your budget effectively.

FAQs on Muthoot Finance Gold Loan Interest Rate 

1. What are the current gold loan interest rates at Muthoot Finance? 

The current Muthoot Finance gold loan interest rates range from 12% to 26% per annum. The exact rate depends on your geographical location and the specific scheme you select.

2. What is the maximum gold loan amount available at Muthoot Finance? 

You can avail a gold loan from Muthoot Finance starting from ₹1,500 up to ₹5,00,00,000. The loan amount is determined by the purity of your gold ornaments and the current market rate, subject to a 75% LTV ratio.

3. Does Muthoot Finance allow pre-closure of gold loans during a lock-in period? 

Unlike personal loans, Muthoot Finance gold loans typically do not have a lock-in period. You can close your loan at any time by paying the outstanding principal and interest. However, a minimum interest period (usually 7 to 15 days) may apply depending on the scheme.

4. Can Muthoot Finance refuse to release gold or accept payments during festivals? 

Legally, Muthoot Finance is required to accept your payment and release the pledged gold once all dues are cleared. While branches might be busy during festivals like Dasara, they cannot withhold your ornaments if the loan is fully repaid.

5. Are there any minimum interest charges for short-term Muthoot Finance gold loans? 

Yes, Muthoot Finance may charge a minimum interest of 7 to 15 days even if the loan is closed within a few days. This policy varies across different schemes, so it is advisable to check the specific terms of your chosen plan.