Muthoot Gold Loan Interest Rate: Updated Guide & Key Details

Key Insights
 

• You can start your journey with interest rates as competitive as 9.95% per annum for specific Muthoot Gold Loan schemes.
   
• If you only need a small amount to cover a weekend expense, you can avail of Muthoot Gold loans starting from just ₹1,000.
   
• You have the freedom to choose tenures ranging from 3 months to 24 months, depending on whether you prefer bullet repayments or monthly installments for your Muthoot Gold Loan.
   

Why let your gold sit idle when it can fund your next big expense today? The Muthoot Gold Loan interest rate at Muthoot FinCorp is a powerful way for you to manage your household or business expenses with total ease.

A gold loan is a secured financial arrangement where you provide gold ornaments to a lender as collateral in exchange for a specific loan amount. The lender keeps your gold in a safe vault for the duration of the loan, and upon full repayment of the principal and interest, the gold is returned to you. 

If I pledge gold with a current market value of ₹1,33,333, I can use the Muthoot Finance interest rate calculator to determine that I am eligible for a loan of ₹1,00,000. This reflects a 75% LTV (Loan-to-Value) ratio. This high LTV ensures that your Muthoot Gold Loan interest rate provides the maximum liquidity possible from your assets.

Types of Schemes of Muthoot Gold Loan

Muthoot FinCorp offers various plans to ensure your Muthoot Finance gold loan interest rate per month remains affordable.
 

Choose the right scheme to optimise the Muthoot Finance gold loan interest rate per month for your specific budget.

Bonus Tip: The Reserve Bank of India (RBI) has amended gold and silver lending rules effective October 1, 2025, aiming to improve borrower protection, transparency in valuation, auctions, and repayment norms for gold loans. This change encourages clearer disclosure of charges and could influence how gold loan interest rates and fees are applied by lenders like Muthoot FinCorp. 

Processing Fees & Service Charges of Muthoot Gold Loan

To plan your finances accurately, you must look beyond the interest. Here is a breakdown of the nominal charges you might encounter at Muthoot FinCorp.
 

These charges, in combination with the Muthoot Finance interest rate calculator results, will give you a clear view of your total repayment.

Steps to apply for a Muthoot Gold Loan!

You can apply for a loan at Muthoot FinCorp as fast as a bank transfer. You can use the Muthoot Finance gold loan interest rate calculator (available via the Muthoot FinCorp ONE app) to get a head start.

1. Use the Muthoot Finance interest rate calculator online to estimate how much you can borrow based on your gold weight. Enter basic details like your name, contact info, gold type and weight, and the loan amount you want. The calculator will then estimate how much you can borrow against your gold and show approximate interest and repayment details based on current gold prices.
    
2. Visit one of the 3,700+ branches where experts test your gold's purity (18k to 24k) right in front of you.
    
3. Provide your basic ID (Aadhaar or PAN). You don't need a high CIBIL score to get approved.
    
4. Once you agree on the value, the funds are disbursed to you immediately.

This process ensures you get the best Muthoot Gold Loan interest rate without any long waiting periods.

Conclusion 

Muthoot FinCorp provides a transparent and accessible way to use your gold, whether you are looking to scale your business or handle an unexpected bill. You can ensure a low Muthoot Gold Loan interest rate while keeping your precious assets safe by picking the right scheme.

FAQs on Muthoot Gold Loan Interest Rate 

1. How do I cancel or close my Muthoot Gold Loan?

You can close your Muthoot Gold Loan by visiting the branch where the loan was taken. Pay the outstanding principal, interest, and applicable charges shown in the settlement sheet. After full payment, your pledged gold is returned immediately.

2. What is the current Muthoot Gold Loan interest rate at Muthoot FinCorp?

The Muthoot Gold Loan interest rate at Muthoot FinCorp starts from 9.95% per annum for select schemes. The final rate depends on the chosen scheme, loan amount, and tenure.

3. Why do I see extra charges when paying Muthoot Gold Loan interest through UPI or apps?

When you pay interest through third-party apps like UPI or wallets, small additional charges may appear. These usually include SMS charges or service-related fees, which are listed separately in the loan charges table. To avoid confusion, always ask for a detailed receipt or settlement statement from the branch.

4. Are SMS charges and other fees mandatory in a Muthoot Gold Loan?

Yes, nominal charges such as SMS fees, token charges, or security charges may apply as per Muthoot FinCorp’s fee structure. These are small amounts and are listed in the official charges table. You have the right to ask the branch to clearly explain each charge before final settlement.

5. Does Muthoot FinCorp offer a Gold Overdraft facility like banks?

No, Muthoot FinCorp does not offer a Gold Overdraft facility. It provides standard gold loan schemes with fixed or flexible repayment options. Gold Overdraft facilities are mainly offered by select banks and are different from Muthoot’s gold loan products.