Muthoot Finance Gold Loan: 9.60%–24% Interest, Apply Online

Updated: October 30, 2026

Advertisement

A Muthoot Finance Gold Loan lets you borrow money by pledging your gold jewellery with Muthoot Finance Ltd, one of India’s largest gold loan companies. Because the gold works as security, the process is usually simple, the documents are few, and many schemes are built around monthly interest payments. This guide explains the Muthoot gold loan interest rate, schemes, loan per gram rules, fees and how to apply, using official information as of October 2026.

Before you visit a branch or open the iMuthoot app, it helps to know how the Muthoot Finance gold loan scheme you choose changes your rate, how the RBI’s loan-to-value (LTV) limits work, and what happens if you miss payments. We also compare Muthoot gold loan terms with Manappuram Finance, SBI and HDFC Bank, so you can apply for a Muthoot gold loan online or at a branch with clear expectations. Every loan is subject to lender approval.

Quick Facts

Item	Details (as of October 2026)
Lender	Muthoot Finance Ltd
Regulated by	Reserve Bank of India (RBI) – non-deposit taking, systemically important NBFC, RBI Regn. No. N.16.00167
Loan type	Gold loan (secured loan against gold jewellery)
Interest rate	9.60% to 24% p.a., depending on scheme, loan amount and how often you pay interest
Loan amount	From ₹1,500 (scheme minimums vary) up to ₹5 crore
Tenure	Mostly 12 months; some balance-transfer schemes 3 months
Processing / service fee	No single “processing fee” listed; service charges apply (for example 1% in Southern branches, or a 0.20% security charge in the rest of India)
Who can apply	Indian citizens aged 21 years and above who own the gold they pledge
Apply on	muthootfinance.com, the iMuthoot app, or any Muthoot Finance branch

Important Notice: This is an independent information guide. We are not a lender, we do not arrange loans, and we are not affiliated with Muthoot Finance or any bank or NBFC mentioned here. We cannot guarantee approval of any loan. All rates, fees and amounts are indicative, taken from official pages as of October 2026, and can change at any time. Always check the latest terms on the official Muthoot Finance website or at a branch. Never pay anyone an upfront fee to “get” or “speed up” a loan.

1. What Is a Muthoot Finance Gold Loan?

A gold loan is a secured loan. You hand over gold jewellery (or certain gold coins) to the lender, the lender values it, and you get a loan based on that value. When you repay the loan and interest, your gold is returned.

Muthoot Finance Ltd is a non-banking financial company (NBFC) registered with the Reserve Bank of India. Its official website lists RBI Registration No. N.16.00167 and describes the company as a “Systemically Important Non-deposit taking NBFC”. It also states a network of 7,500+ branches. Because it is RBI-regulated, it must follow the RBI’s rules on gold loans, including LTV limits, valuation, auction and return of gold.

People use gold loans for short-term needs such as education, medical bills, farm inputs or small-business working capital.

2. Key Features at a Glance

Muthoot offers loans from ₹1,500 up to ₹5 crore across small, medium, high-value and balance-transfer schemes. Most schemes give a rebate if you pay interest monthly. It accepts 18–22 karat gold, allows EMI, interest-only, bullet and part payments, and offers the iMuthoot app plus a doorstep service in selected locations.

3. Muthoot Gold Loan Schemes and Interest Rates

Muthoot Finance shows its rates scheme by scheme. In most schemes, the rate you see below is the rate when you pay 100% of the interest every month. If you skip monthly payments, you may lose the rebate and pay a higher rate. The table below is taken from the official interest rate page, as of October 2026.

Scheme	Loan amount	LTV	Rate (monthly interest paid)
SIR (Small value)	Small loans (from ₹1,500)	85%	13.9% p.a.
SVI	₹5,000 – ₹2.5 lakh	85%	20% p.a. (4% rebate)
MVI	₹5,000 – ₹5 lakh	80%	18% p.a. (6% rebate)
MIR	Medium value (from ₹1,500)	80%	23% p.a. (1% rebate)
HVG	₹5 lakh – ₹5 crore	75%	14% p.a. (10% rebate)
HVI	₹5 lakh – ₹5 crore	75%	12% p.a. (12% rebate)
HMG (North India only)	₹25 lakh – ₹50 lakh	75%	11.90% p.a.
HPG	High value	As per RBI cap	From 14.5% p.a.
HEG	₹15 lakh – ₹25 lakh	75%	Base 24%; effective 12.90% if closed within 1 month
BTI (balance transfer)	₹5 lakh – ₹5 crore	75%	11.9% p.a.
HVB (balance transfer, 3 months)	₹5 lakh – ₹5 crore	–	10.5% p.a.
MVB (balance transfer, 3 months)	₹50,000 – ₹5 lakh	75.35%	14% p.a.
UBI (balance transfer)	₹5 lakh – ₹5 crore	75%	Base 24%; effective 9.60% if closed within 3 months

So the official range runs from 9.60% p.a. (the lowest effective rate, under a conditional balance-transfer scheme) up to a base rate of 24% p.a. Muthoot’s doorstep gold loan page gives a similar picture: 9.90% to 21% for loans serviced monthly, and up to 24% (26.82% annualised) for a 12-month loan where interest is paid only on the due date.

The page also mentions a 1–2% rebate for farmers. Your final rate is fixed at sanction; ask for it in writing.

4. Loan Per Gram, LTV and Gold Purity

“Loan per gram” depends on the value of your gold and the LTV (loan-to-value) limit.

RBI LTV limits. Under the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 (issued 6 June 2025, to be followed by lenders no later than 1 April 2026), the maximum LTV for consumption gold loans is:

Total gold loan per borrower	Maximum LTV
Up to ₹2.5 lakh	85%
Above ₹2.5 lakh up to ₹5 lakh	80%
Above ₹5 lakh	75%

This matches Muthoot’s own scheme table: 85% LTV on small schemes, 80% on medium schemes and 75% on high-value schemes. For bullet-repayment loans, the RBI says LTV is checked on the total amount payable at maturity, including interest. So the cash you get on a bullet loan can be a little lower than the headline LTV.

How gold is valued. The RBI directions say lenders must value gold at its actual purity, using the lower of the 30-day average closing price or the previous day’s closing price published by IBJA or a SEBI-regulated commodity exchange. Only the gold content counts. Stones, gems and other attached items are not valued.

Purity accepted. Muthoot accepts gold jewellery and coins of 18 to 22 karat, such as chains, rings, bangles, necklaces, bracelets and pendants. RBI rules cap pledges at 1 kg of gold ornaments and 50 grams of gold coins per borrower.

Illustrative example: Say you pledge 10 grams of 22-karat gold and the reference value is ₹10,000 per gram (an assumed figure, not today’s rate). The gold value is ₹1,00,000. Since the loan is under ₹2.5 lakh, the maximum LTV is 85%, so the loan can be up to ₹85,000, subject to Muthoot’s valuation and approval.

5. Who Is Eligible? (And Does CIBIL Matter?)

Indian citizen.
Age 21 years or above (one official page mentions an upper age of 80).
Owner of the gold jewellery or coins being pledged, of 18–22 karat purity.
Valid KYC documents.
Salaried people, self-employed people, business owners, farmers and homemakers can all apply. A co-applicant is not required.

About your credit score: A gold loan is secured by your gold, so approval depends mainly on the gold’s value and purity rather than on your CIBIL score. That does not mean credit history is ignored. Under the RBI’s 2025 directions, lenders must do a detailed credit assessment, including repayment capacity, when your total gold loans are above ₹2.5 lakh. Your gold loan is also reported to credit bureaus, so paying on time can help your credit history, and late payment or default can hurt it.

6. Documents Required

Muthoot’s official pages list a short set of documents:

Photo ID proof: Aadhaar, PAN card, driving licence, passport or voter ID.
Address proof: Aadhaar, voter ID, driving licence, passport, utility bill, rent agreement or sale deed.
Passport-size photographs.
PAN card and bank details may be needed, especially for larger loans and for direct transfer to your bank account.
Income proof may be asked for larger loans, because the RBI requires a repayment-capacity check above ₹2.5 lakh.

Carry originals and keep your pledge receipt, which lists the weight and purity of your gold.

7. Fees and Charges

Muthoot does not show one single “processing fee”. Instead, its official interest rate page lists service and other charges, some of which apply only in certain regions. Key items as of October 2026:

Charge	Amount	Where it applies
Service charge on fresh loan	1% of loan amount (12-month schemes)	Southern branches
Security charge	0.20% of loan (min ₹150, max ₹1,000)	Rest of India
Service charge – MEI scheme	0.60% of loan amount	All
ZIL/ZIP service charge	₹50 per loan	All
Credit appraisal charge (exposure above ₹3 lakh)	₹25 – ₹75 by loan size	Southern branches
Ordinary notice	₹30 each (registered 4th notice ₹100)	Rest of India
Auction notice	₹120	Rest of India
Safe custody	₹5 per gram per month (charged at closure or renewal, as listed)	As per official schedule
Penal charge after due date	₹0.10 per day per ₹1,000 in default	As per official doorstep page
Door-to-door collection visit	₹150 + GST per visit	Southern branches
Stamp duty	At actuals	Karnataka, Andhra Pradesh, Rajasthan
Foreclosure / prepayment	No foreclosure charge, provided interest is paid	All

GST applies where stated. Charges differ by region and scheme, so ask for the full schedule of charges and the Key Fact Statement (KFS) at the branch before signing.

8. How Interest and EMI Work (With Example)

How you repay changes your total cost.

Monthly interest only: You pay only interest every month and repay the full principal at the end. This keeps you eligible for rebates on many schemes.
EMI: You pay a fixed monthly amount that covers interest and principal, so the loan reduces every month.
Bullet repayment: You pay principal and interest together at the end. Under RBI rules, bullet consumption loans can be for a maximum of 12 months, and you often lose rebates.

Muthoot’s doorstep loan page says interest is charged only for the days you use the money, with a minimum of 15 days. EMI is calculated as EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r is the monthly rate and n is the number of months.

Representative example (illustrative only): A loan of ₹1,00,000 at 18% p.a. (the MVI scheme rate with monthly payment) for 12 months.

Repayment type	Monthly payment	Total interest	Total payable
EMI, 12 months at 18%	₹9,168	₹10,016	₹1,10,016
Interest-only, 12 months at 18%, principal at end	About ₹1,479 (30-day month)	About ₹18,000	About ₹1,18,000

The EMI option costs less in total because the principal comes down every month. The interest-only option has a smaller monthly payment but a large amount due at the end. It excludes service charges and GST.

9. How to Apply Online (Website and iMuthoot App)

Muthoot’s official process page describes this online route:

Visit the official website muthootfinance.com or download the iMuthoot app from Google Play or the Apple App Store.
Use the gold loan calculator to estimate how much you may get for your gold.
Choose a scheme and check your eligibility.
Fill in the application form with your name, mobile number and location, and submit it.
A Muthoot executive contacts you to complete the process. Your gold must still be physically checked and valued, either at a branch or at home.
After KYC, valuation and signing of documents, the loan is disbursed, usually to your bank account.

Online Gold Loan (OGL) for existing gold: If your gold is already pledged with Muthoot, the official page says the HPG scheme supports an online gold loan facility, letting you draw funds against pledged gold through the app or website without visiting again. Check the app for current options.

Download the app only from official app stores or the link on muthootfinance.com.

10. How to Apply at a Branch or at Home

At a branch:

Find your nearest branch using the branch locator on the official site. Branches generally work Monday to Saturday, 9:30 AM to 6 PM.
Take your gold, KYC documents and photographs.
Staff test the purity and weigh the gold in front of you.
You are offered a loan amount and scheme. Ask for the rate, all charges and the KFS in writing.
Sign the pledge documents and collect your pledge receipt.
Receive the money in your bank account (cash disbursal is limited by law).

Doorstep gold loan: Muthoot’s official doorstep page describes three steps: request a loan and book an appointment, an executive values your gold at home and completes the paperwork, and the loan is transferred to your bank account. That page lists loans from ₹10,000 to ₹5 crore and says the gold is insured. Availability depends on your city. The official number given for this service is 1800 202 1212.

11. Loan Status, Repayment, Part Release and Closure

Check your loan status: Log in to the iMuthoot app or the customer portal on muthootfinance.com with your registered mobile number to see your loans, interest due and due dates. You can also ask at your branch with your pledge receipt.

Ways to pay: Muthoot accepts interest and loan payments through the iMuthoot app, online on the website, through net banking, by E-NACH (for SVI, MVI and HVI schemes) or in person at a branch.

Part payment and prepayment: Official pages say partial prepayment is allowed and there is no foreclosure charge as long as interest is paid. Paying early reduces your interest cost.

Part release: On some products (such as GCL), Muthoot lists a part-release charge of ₹499 per transaction. Ask the branch whether part release is possible on your scheme before you pledge.

Closure and return of gold: Once you repay in full, RBI rules say the lender must release your gold the same day if possible, and in any case within seven working days. If the delay is the lender’s fault, it must pay you ₹5,000 per day of delay. Check the weight and condition of your gold before you leave the branch.

Renewal: Under RBI rules, a bullet loan can be renewed only if the account is regular, the accrued interest is paid and the LTV stays within limits.

12. Auction Rules: What Happens If You Do Not Repay

If a gold loan is not repaid, the lender can sell the pledged gold by auction. This is the biggest risk of a gold loan, so it is worth understanding your rights.

Notice first: RBI rules require the lender to give you adequate notice to repay before any auction. Muthoot’s published auction policy says it sends a registered notice giving 14 days, and that online auction dates are announced at least 14 days in advance.
Public advertisement: The auction must be advertised in at least two newspapers, one regional and one national.
Reserve price: Under the RBI’s 2025 directions, the reserve price must be at least 90% of the current gold value (85% if two auctions fail).
Place: The first auction must be held in the same district as your branch.
Surplus back to you: If the sale brings in more than you owe, the extra must be refunded within seven working days.
Fees: Notice and auction-notice charges are added to what you owe (see the fees table).

If you are struggling, talk to the branch before the due date about paying interest and renewing, or making a part payment.

13. Pros and Cons

Pros

RBI-registered NBFC with a large branch network.
Few documents; approval depends mainly on gold value.
Very wide loan range, from small amounts to ₹5 crore.
Rebates for paying interest monthly; no foreclosure charge.
App, online and doorstep options.

Cons

Base rates can go up to 24% p.a. if you miss monthly payments.
Many schemes and region-wise charges can be confusing.
Short tenures (mostly 12 months), so you may need to renew.
Risk of losing your gold through auction if you default.
Bank gold loans can be cheaper for borrowers who qualify.

14. Muthoot vs Manappuram vs SBI vs HDFC Bank

Main terms from each lender’s official page, checked October 2026. Compare full cost, not just the lowest rate.

Lender	Interest rate	Loan amount	Tenure	Processing / service fee
Muthoot Finance (NBFC)	9.60% – 24% p.a. by scheme	₹1,500 – ₹5 crore	Mostly 12 months	Service charges by region (e.g. 1% South; 0.20% security charge elsewhere)
Manappuram Finance (NBFC)	9.90% – 24% p.a. (base 24%; lower with monthly payment)	From ₹10,000 (scheme-wise) up to ₹5 crore	3, 6, 9 or 12 months	Not stated on main page; see official charges page
SBI Personal Gold Loan (bank)	9.20% – 10.25% p.a. (rates as of 16.06.2026)	From ₹50,000	6 or 12 months bullet; up to 36 months EMI/overdraft	0.25% (min ₹250) up to ₹2 lakh; 0.15% above, plus GST
HDFC Bank (bank)	Not shown in readable form on the official page when checked – see hdfc.bank.in	Check official page	Check official page	Check official page

What this means: SBI’s published rates are lower, but it needs a higher minimum loan, and margins (LTV) on SBI’s bullet loans are lower (for example a 30–35% margin). Muthoot and Manappuram allow smaller loans, but cost more if you do not pay monthly. We could not read HDFC Bank’s rate figures reliably from its official page, so none is listed.

15. Tips to Get a Better Rate

Pay interest every month. Most Muthoot rebates depend on it. Missing payments can push your rate toward the 24% base rate.
Borrow only what you need. A smaller loan than the maximum lowers your interest and your auction risk if gold prices fall.
Choose the right scheme. Higher-value schemes often carry lower rates but lower LTV. Ask staff to compare two or three schemes for your amount.
Use E-NACH or EMI if offered. Some schemes link rebates to E-NACH auto-debit.
Repay early when you can. There is no foreclosure charge if interest is paid, and interest is charged for the days used (minimum 15 days).
Compare with banks. If you need a larger amount and can wait for bank processing, a bank gold loan may cost less.
Read the KFS. It shows the annual percentage rate (APR) including charges, which is the fairest way to compare.

16. How to Spot Gold Loan Scams

Fraudsters often misuse well-known lender names. Stay safe:

Never pay upfront to an agent. Do not pay any “processing fee”, “file charge” or “approval fee” to a person who calls or messages you to arrange a loan. Genuine charges are deducted or paid at the branch with a receipt.
Hand your gold only at a real branch or to an executive booked through the official website, app or toll-free number. Ask for ID and an official pledge receipt.
Use only official channels. Muthoot says it communicates with customers by email only from [email protected]. Download iMuthoot only from official app stores.
Never share OTPs, PINs or passwords with anyone, including people claiming to be from the lender.
Verify the lender. Check NBFC registration on the RBI website and report illegal deposit or lending schemes on the RBI’s Sachet portal (sachet.rbi.org.in).
Report fraud fast. Call the national cyber crime helpline 1930 or file a complaint at cybercrime.gov.in.

17. Responsible Borrowing

Gold often carries family and emotional value. Before pledging it, make a simple plan: how much you need, how you will pay the monthly interest, and where the money to close the loan will come from.

Avoid using one loan to repay another, set reminders for due dates, and speak to the branch early if something changes.

18. Customer Care and Grievance Redressal

Official contacts listed on Muthoot Finance’s customer service page (as of October 2026):

Gold loan queries: +91 99469 01212
Toll-free (North): 1800 313 1212; doorstep service: 1800 202 1212
iMuthoot helpdesk: 8086234884, [email protected]
Official email domain for customer communication: [email protected]

How to escalate a complaint:

Level 1: Raise it with your branch or the customer care lines above.
Level 2 – Grievance Redressal Officer: North cell +91-11-46697754 (Muthoot Towers, Alaknanda, New Delhi-110019); South cell +91-484-4804074 / 4804075 (Head Office, Palarivattom, Kochi-682028).
Level 3 – Principal Nodal Officer: at the Head Office in Kochi, as named on the official customer service page.
RBI Ombudsman: If you are not satisfied within 30 days of your complaint, you can complain under the RBI Integrated Ombudsman Scheme at cms.rbi.org.in.

19. Frequently Asked Questions

1. What is the Muthoot Finance gold loan interest rate?
As of October 2026, the official scheme table shows rates from 9.60% p.a. (a conditional effective rate) up to a base rate of 24% p.a. Most monthly-payment schemes fall between about 12% and 23% p.a.

2. Is Muthoot Finance regulated by the RBI?
Yes. Muthoot Finance Ltd is an RBI-registered, non-deposit taking, systemically important NBFC (RBI Regn. No. N.16.00167), as stated on its official website.

3. What is the minimum Muthoot gold loan amount?
Official pages show loans starting from ₹1,500, though some schemes and the doorstep service start at ₹5,000 or ₹10,000.

4. What is the maximum loan amount?
Up to ₹5 crore, depending on the scheme and the value of your gold.

5. How much loan can I get per gram of gold?
It depends on the gold’s purity and the current reference price. RBI rules cap the loan at 85% of the gold value for loans up to ₹2.5 lakh, 80% up to ₹5 lakh and 75% above ₹5 lakh.

6. Which gold purity does Muthoot accept?
Jewellery and coins of 18 to 22 karat.

7. What is the tenure of a Muthoot gold loan?
Most schemes are for 12 months. Some balance-transfer schemes are for 3 months. You can usually renew if the account is regular and interest is paid.

8. Is there a processing fee?
Muthoot lists service charges instead of a single processing fee, such as 1% in Southern branches or a 0.20% security charge (₹150 to ₹1,000) in the rest of India. Confirm the exact charges at your branch.

9. Does Muthoot check my CIBIL score?
A gold loan is secured by gold, so approval does not depend mainly on your CIBIL score. However, lenders must assess repayment capacity for loans above ₹2.5 lakh, and your repayment record is reported to credit bureaus.

10. What documents do I need?
A photo ID, address proof (for example Aadhaar, voter ID, passport or driving licence) and passport-size photographs. PAN and income proof may be asked for larger loans.

11. Can I apply for a Muthoot gold loan online?
Yes. You can start on muthootfinance.com or the iMuthoot app. Your gold still needs to be valued at a branch or at home before the loan is disbursed.

12. Does Muthoot offer a gold loan at home?
Yes, its official doorstep page describes a service where an executive values your gold at home. Availability depends on your location; call 1800 202 1212 to check.

13. How do I pay interest?
Through the iMuthoot app, online on the website, net banking, E-NACH on eligible schemes, or at any branch.

14. Can I close my loan early?
Yes. Official pages say there is no foreclosure charge as long as the interest is paid.

15. What if I miss interest payments?
You may lose the rebate and pay a higher rate, plus penal charges (listed at ₹0.10 per day per ₹1,000 in default). Long default can lead to auction after notice.

16. Will Muthoot auction my gold without telling me?
No. RBI rules require notice before auction and public advertisement in two newspapers. Muthoot’s published policy mentions a 14-day registered notice.

17. What happens to extra money after an auction?
Any surplus after your dues must be refunded to you within seven working days.

18. How soon will I get my gold back after repaying?
RBI rules require release the same day if possible, and within seven working days at most. Delay caused by the lender attracts compensation of ₹5,000 per day.

19. Can I transfer my gold loan from another lender to Muthoot?
Yes. Muthoot has balance-transfer schemes such as MVB, HVB, BTI and UBI. Check that the savings are worth any charges.

20. Is a Muthoot gold loan cheaper than a bank gold loan?
Not always. SBI’s published personal gold loan rates were 9.20%–10.25% p.a. (as of 16.06.2026) with a ₹50,000 minimum. Compare the full cost and the loan amount you need.

20. Official Links

21. Final Words

A Muthoot Finance gold loan can be a practical way to raise funds against your gold, with a wide loan range, many schemes and online, branch and doorstep options. The key to keeping the cost low is simple: pick the right scheme, borrow only what you need and pay interest every month.

Before you sign, read the KFS, confirm all charges and keep your pledge receipt safe. All loans are subject to lender approval; check the latest terms on the official website.

Disclaimer: This article is for general information only. We are not affiliated with, endorsed by or sponsored by Muthoot Finance Ltd, Manappuram Finance Ltd, State Bank of India, HDFC Bank or any other lender. We are not a lender and do not offer or arrange loans. All interest rates, fees, amounts and rules are indicative, based on official sources as of October 2026, and may change without notice. Please verify all details on the lender’s official website or at a branch before applying. Loan approval is at the sole discretion of the lender. All trademarks and brand names belong to their respective owners.