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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

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Muthoot FinCorp Gold Loan

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Muthoot FinCorp Gold Loan Schemes

pdf.svgGL Scheme Detailspdf.svgEMI GL Scheme Details

Muthoot Blue Super Value

Gold Loan Scheme designed to suit day-to-day and emergency needs of the customer by providing easy and quick liquidity

Easy Udaan

A Gold Loan Scheme, which is a Welcome Offer for first time gold loan customers of MFL. Designed to suit your day-to-day and emergency needs.

Vyapar Vikas

Gold Loan Scheme exclusively for businessmen and traders who have daily cash flow in their businesses.

Easy Max

Gold Loan Scheme designed to suit emergency as well as short to medium term life cycle needs/business needs of the customer.

Easy Pro

High Value Gold Loan Scheme designed to suit emergency and life cycle needs/business needs of the customer.

Restart India Pradhan

Gold Loan Scheme designed to suit the high value life cycle needs/business needs of the customer- For high value fund requirements in the order of Rs. 5Lakhs & above.

Approach for Gradation of Risk

The Company adopts a risk-based pricing framework wherein the interest rate charged to borrowers is commensurate with the level of risk associated with each exposure. The objective is to ensure that pricing adequately reflects the credit, operational, and market risks while remaining competitive, is compliant with regulatory expectations and avoids discriminatory or arbitrary practices.

The Company considers a combination of quantitative and qualitative factors for risk gradation, including

1. borrower profile (borrower history, income stability and nature of employment, relationship with the Company and past conduct),
2. characteristics of the product like secured or unsecured loan, quality of collateral (Loan to Value Ratio and liquidity of collateral), and
3. macro economic factors impacting the borrower segment.
4. Prevailing market conditions and competitive dynamics

The final interest rate charged to the borrower comprises:

• Base/Benchmark Rate (cost of funds, operating expenses, and margin)
• Risk Premium (linked to the borrowers risk category)
• Product-specific adjustments (if any)

Valuation Methodology for Gold and Silver Collateral

(As disclosed on the Company website)

  1. Determination of Net Weight
    • ornaments are physically weighed to determine gross weight.
    • Deductions are made towards stones, threads, lac, alloy, fastenings, and other non metal components.
    • The net weight is arrived at after deducting all non gold/non silver components from the gross weight.
    • Net weight determination is carried out by trained appraisers and verified by branch officials.
  2. Assessment of Purity (Caratage)
    • Gold jewellery accepted as collateral is assessed for purity ranging between 18 to 22 carats, as applicable.
    • Purity is verified using standard assaying methods, including touchstone, acid testing, and test by filing in few cases.
    • Purity certification is issued and recorded as part of loan documentation.
  3. Price Used for Valuation
    • Valuation of gold collateral is carried out based on:
      • Lower of last 30 days moving average closing price for gold or previous day of the specific purity as published by India Bullion and Jewellers Association Ltd. (IBJA).
    • The price adopted is in accordance with the Loan to Value (LTV) norms prescribed under RBI guidelines and internal policy.
  4. Basis of Valuation
    • Valuation is based on the actual purity (cartage) and net weight of the gold content.
    • Only the intrinsic metal value of gold is considered for valuation.
    • A sufficient margin is deducted to account for stones, threads, and other non-gold elements. This deduction is applied to the gross weight, and the resulting figure is taken as the net weight.



Pursuant to the Co-lending guidelines issued by Reserve Bank of India, 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 Super Value CL3, Easy Max CL, Easy Max2 CL4, Easy Pro 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 are offered under the said arrangement. Such shall be offered in select locations, as may be mutually decided by the Banks and Company, from time to time.

 

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

 


 

Key Benefits & Features

Documents Required for Gold Loan

Submit any of these documents to get a loan against gold instantly

KYC Documents

  • Passport

  • Driving License

  • Aadhaar Card 

  • Voter's ID Card 

Address Proof

  • Electricity or Water Bill

  • Voter's ID Card, Aadhar Card

  • Rent agreement, Bank Statement

Gold Loan Eligibility Criteria

In order to find out if you meet our gold loan eligibility, you have to fulfil the following conditions after which we will process your loan.

  • Age Criteria

    Age between 18 years (at the time of application) and 80 years (at the end of the loan tenure)

  • Purity of Gold

  • Ownership

  • Loan Amount

Gold Loan Calculator

Tentative Maximum Eligible Loan Amount

Today Gold Rate: ₹Fetching... / g

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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Quick Apply & Repayment Process

Website

  • Click on the Apply Now button.

  • Fill in the application form and hit the submit button.

  • Our representative will get in touch with the applicant instantly to take the process forward.

Mobile App

  • Click on the Apply Now button.

  • Fill in the application form and hit the submit button.

  • Our representative will get in touch with the applicant instantly to take the process forward.

At Branch

  • Deposit your gold ornaments at a Muthoot FinCorp branch near you.
  • Sign up for the Online Gold Loan Service and link your savings bank account.
  • Once your bank account is linked, you can use our mobile app or website to have the gold finance credited to your bank account at any time.
Locate Your Nearest Branch
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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.

Frequently Asked Questions

Would You Like Any Assistance?

To know more about the application fee and processing charges, call us at
1800 102 1616
FIRST-HAND ACCOUNT OF CUSTOMER EXPERIENCES

Blue Soch Stories

I am very much thankful to Muthoot FinCorp Bandel Branch and their employees for their quick support during my friend’s road accident. We needed urgent cash for my friend’s surgery. Mutho...

Ratan Sarkar, Bandel – West Bengal

There was a shortfall of fund while I was constructing my house, so I took a gold loan from Muthoot Fincorp which was quick, easy and transparent and I was able to construct my dream home. I have b...

Mr. Bhagwan More, Khopoli, Navi Mumbai

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