Muthoot Finance gold loan calculator
Muthoot Finance charges a base rate of 24% a year on most schemes. You pay a lower rate only if you pay the interest in 1, 2, 3, 6, 9 or 12 months. After 12 months, the rate is 26% (with 2% penal interest). The lender adds the interest to the loan each month (compound interest). The calculator shows the highest loan for your gold, the rate that applies and the full cost. Verification date: 27 Oct 2026.
Value for each gram: the Canara Bank value for each gram of 22 karat gold for LTV, 26 Oct 2026. Change it to the value that your lender uses on the day of your loan.
Muthoot Finance gold loan interest rates
| Scheme | Branches | Loan | Base | 1 mo | 2 mo | 3 mo | 6 mo | 9 mo | 12 mo | After 12 mo |
|---|---|---|---|---|---|---|---|---|---|---|
| Muthoot Ultimate Loan (MUL) | Rest of India | ₹1,500 to ₹5,00,00,000 | 24% | 22% | 22% | 22% | 22% | 24% | 24% | 26% |
| Rural Gold Loan (RGL) | Rest of India | ₹1,500 to ₹5,00,00,000 | 24% | 20% | 20% | 20% | 23% | 24% | 24% | 26% |
| Muthoot OnePercent Loan (MOL) | Rest of India | ₹1,500 to ₹50,000 | 24% | 12% | 13% | 20% | 24% | 24% | 24% | 26% |
| Muthoot Delight Loan (MDL) | Rest of India | ₹50,000 to ₹5,00,00,000 | 24% | 17% | 19% | 21% | 24% | 24% | 24% | 26% |
| Muthoot Delight Loan (MDL) | Southern branches | ₹5,00,000 to ₹5,00,00,000 | 24% | 10.9% | 12% | 18% | 24% | 24% | 24% | 26% |
| Muthoot Highvalue Plus Loan (MHP) | Rest of India | ₹2,00,000 to ₹5,00,00,000 | 24% | 14% | 17% | 21% | 24% | 24% | 24% | 26% |
| Muthoot Big Business Loan Silver (MBS) | Rest of India | ₹5,00,000 to ₹9,99,900 | 24% | 12% | 15% | 20% | 24% | 24% | 24% | 26% |
| Muthoot Big Business Loan Platinum (MBP) | Rest of India | ₹10,00,000 to ₹24,99,900 | 24% | 11% | 14% | 20% | 24% | 24% | 24% | 26% |
| Muthoot Big Business Loan Diamond (MBD) | Rest of India | ₹25,00,000 to ₹49,99,900 | 24% | 10% | 12% | 18% | 24% | 24% | 24% | 26% |
| Muthoot Big Business Loan Elite (MBE) | Rest of India | ₹50,00,000 to ₹5,00,00,000 | 24% | 9% | 12% | 20% | 24% | 24% | 24% | 26% |
| Overseas Remittance Scheme (ORS) | Rest of India | ₹2,00,000 to ₹1,50,00,000 | 24% | 11.9% | 14% | 18% | 24% | 24% | 24% | 26% |
| Overseas Remittance Scheme (ORS) | Southern branches | ₹2,00,000 to ₹1,50,00,000 | 24% | 9.9% | 9.9% | 14% | 18% | 24% | 24% | 26% |
| Muthoot Super Loan (MSL) | Southern branches | ₹1,500 to ₹5,00,00,000 | 24% | 21% | 21% | 21% | 21% | 24% | 24% | 26% |
| Muthoot Best Value (MBL) | Southern branches | ₹1,500 to ₹2,00,000 | 24% | 16% | 20% | 22% | 24% | 24% | 24% | 26% |
| Muthoot Mudra Loan (MML) | Southern branches | ₹1,500 to ₹1,00,000 | 24% | 11.9% | 18% | 18% | 22% | 24% | 24% | 26% |
| Muthoot Highvalue Loan (MHL) | Southern branches | ₹50,000 to ₹5,00,00,000 | 24% | 15% | 18% | 18% | 21% | 24% | 24% | 26% |
| Muthoot Advantage Loan (MAL) | Southern branches | ₹50,000 to ₹5,00,00,000 | 24% | 18% | 18% | 18% | 21% | 24% | 24% | 26% |
| Best Value Scheme (BVS) | Southern branches | ₹50,000 to ₹5,00,00,000 | 24% | 14% | 16% | 16% | 18% | 24% | 24% | 26% |
| Muthoot Advantage Product (MAP) | Southern branches | ₹5,00,000 to ₹5,00,00,000 | 24% | 15% | 15% | 15% | 15% | 24% | 24% | 26% |
| High Value Retention (HVR) | Southern branches | ₹20,00,000 to ₹5,00,00,000 | 24% | 9.9% | 13% | 13% | 18% | 24% | 24% | 26% |
Southern branches: Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Goa, Andaman and Nicobar, Puducherry and some parts of Maharashtra.
Other Muthoot schemes
| Scheme | Branches | Loan | Rates |
|---|---|---|---|
| Gold Credit Line (GCL) | Rest of India | ₹2 lakh to ₹50 lakh | Base 19%; 19% if interest is paid monthly; overdue interest at 24% on the part above the limit; 21% after 12 months |
| Interest Prepaid Loan (IPL) | Southern branches | ₹50,000 to ₹5 crore | Base 22%; 16% (1–3 months), 15% (6 months), 12% (12 months); 22% after 12 months. Interest paid in advance |
| Gold Credit Scheme (GCS) | Southern branches | ₹2 lakh to ₹5 crore | Base 19%; 15% (1 month), 19% (2–12 months); 21% after 12 months |
| ZIL / ZIP | All branches | ₹5,000 to ₹1 lakh | Zero interest loan (EMI); late fee at 24% on a delayed EMI |
Example. ₹2 lakh for 12 months on Muthoot Delight Loan (MDL) (Rest of India). If you pay the interest each month at 17%, the interest is approximately ₹34,000. If you pay all at the end (24%, with compound interest each month), the interest is approximately ₹53,648. That is ₹19,648 more.
Charges
- Processing fee: Not on the scheme sheet. Speak to the branch.
- Prepayment or foreclosure: The Muthoot Finance scheme sheet does not give a prepayment charge.
- Loan limits: ₹1,500 to ₹5 crore, by scheme. Schemes give up to 85% (up to ₹2.5 lakh), 80% (up to ₹5 lakh) or 75% of the gold value.
- The Muthoot Finance FAQ shows a minimum rate of 9% a year, if you pay interest each month (MBE scheme, ₹50 lakh or more).
Muthoot Finance gold loan for each gram
Loan for each gram of gold, at ₹12,970 a gram for 22 karat (26 Oct 2026). The gold value changes each day. Use the calculator with the gold value on the day of your loan.
| Purity | Value a gram | 85% (≤ ₹2.5 lakh) | 80% (≤ ₹5 lakh) | 75% (above) |
|---|---|---|---|---|
| 24 karat | ₹14,149 | ₹12,027 | ₹11,319 | ₹10,612 |
| 22 karat | ₹12,970 | ₹11,024 | ₹10,376 | ₹9,728 |
| 18 karat | ₹10,612 | ₹9,020 | ₹8,489 | ₹7,959 |
The RBI limit
RBI sets the highest loan for a consumption gold loan. It is 85% of the gold value for a total loan of ₹2.5 lakh or less. It is 80% up to ₹5 lakh and 75% above ₹5 lakh (RBI (Commercial Banks – Credit Facilities) Directions, 2025, para 44). In a bullet loan, you repay all at the end. For this loan, the limit applies to the total that you repay, with interest, not only to the loan. A lender can give less than the RBI limit. The limits do not apply to a gold loan for a business.
Muthoot Finance and other lenders
| Lender | Lowest rate | Highest / base | Processing fee | Prepay / close early |
|---|---|---|---|---|
| State Bank of India | 9.2% | 10.25% | 0.25% up to ₹2 lakh (min ₹250); 0.15% above ₹2 lakh (min ₹500); above ₹25 lakh 0.15% (₹3,750 to ₹7,500); till 31 Mar 2027 | Not given on SBI's gold loan page. Ask the branch. |
| Canara Bank | 9.35% | 9.35% | Swarna Loan, Overdraft and Monthly Interest: 0.30% (₹250 to ₹3,000). Swarna Express: 0.15% (₹125 to ₹1,500). Till 31 Mar 2027 | No prepayment penalty. You can close the loan at any time. |
| Muthoot Finance | 9% | 26% | Not on the scheme sheet | Muthoot Finance's scheme sheet does not give a prepayment charge. |
| Manappuram Finance | 9.9% | 24% | ₹30 including tax (scheme page); the rate page says ₹25 plus tax | Manappuram's scheme page does not give a prepayment charge. Penal charges are 2% a year after the loan tenure. |
| IIFL Finance | 9.72% | 27% | Up to 2% of the loan | Part-payment: nil. Foreclosure: nil (minimum 7 days' interest if closed within 7 days). |
All gold loan lenders compared →
Frequently asked questions
What is the Muthoot Finance gold loan interest rate?
Muthoot Finance charges a base rate of 24% a year on most schemes. You pay a lower rate only if you pay the interest in 1, 2, 3, 6, 9 or 12 months. After 12 months, the rate is 26% (with 2% penal interest). The lender adds the interest to the loan each month (compound interest). The lowest rate on the Muthoot Finance page is 9% a year.
Why is the Muthoot Finance rate 24% if the lowest rate is 9%?
The base rate is 24% a year. The lower rate is a rebate that you get only if you pay the interest on time (each month for the lowest rate). If you do not, the base rate applies. Also, the lender adds the interest to the loan each month (compound interest).
How much gold loan can I get per gram from Muthoot Finance?
Gold of 22 karat has a value of ₹12,970 a gram. For this gold, the RBI limit is ₹11,024 a gram (loan up to ₹2.5 lakh), ₹10,376 (up to ₹5 lakh) and ₹9,728 (above).
Can I close a Muthoot Finance gold loan early?
Muthoot Finance's scheme sheet does not give a prepayment charge.
Is the RBI limit on the loan or on the total amount?
For a bullet gold loan, RBI applies the limit to the total sum that you repay at the end, with the interest. Thus, the loan that you get is less than 75–85% of the gold value.
Sources
- Muthoot Finance: Interest rate structure of gold loan schemes (PDF, from Jul 2026). Read on 27 Oct 2026.
- Muthoot Finance: gold loan interest rate page. Read on 27 Oct 2026.
- Canara Bank: value per gram of 22 karat gold (default value in the calculator).
- RBI (Commercial Banks – Credit Facilities) Directions, 2025, para 44: LTV limits.
Lenders frequently change these rates. We examine them each month. Your loan document and Key Facts Statement show the rate and charges that you pay.