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While availing a gold loan, the per gram rate of gold is the value you get for one gram of gold that you are going to pledge. However, this per gram rate depends on several factors, like the purity of the gold ornaments, rate of gold of a certain purity on that particular day, among others. All these are taken into consideration to calculate the per-gram rate of gold.
This is a well-known fact that when the market price of gold rises, the loan amount that can be obtained against a certain quantity of gold decrease. And, when the price of gold decreases, the loan amount that one can avail against the same quantity of gold also increases. As India’s Most Trusted Financial Services brand*, Muthoot Finance checks the present day’s gold rate and the purity of the ornaments you are going to provide before deciding the loan amount that can be availed.
Here’s An Example:
Calculating the Gold loan amount using the per gram rate is very simple. For example, if someone has 10 grams of 22-carat gold and the per gram rate is INR 4000, the total market value of the gold items is INR 40,000. This means that he or she can borrow up to INR 30,000 (75% of the total market value) against the gold ornaments.
So, if you want to find out the loan amount you can avail, it is best to refer to the current market price of 22 carat precious metal. Or, you can also use our online calculator for this purpose. Muthoot Finance offers one of the best per gram rates for gold loans which means that the loan amount you are eligible for becomes significantly higher.
Other than the purity, weight, and average price, the per gram rate of gold also depends on factors like the varying market price of gold across different states and cities due to demand, taxes, and transportation costs.
Gold Loan with Muthoot Finance
The reason behind investing in gold is very simple - gold investments always guarantee high returns. These investments can be in any form of gold coins, bars or jewellery. This precious metal also has a high sentimental value, is considered auspicious, and holds great significance in Indian culture.
Gold items are also considered a reserve for those rainy days. You can get a gold loan by pledging your gold ornaments and use the money to cover any unexpected expenses. Over the years, these secured loans have become one of the easiest and fastest ways to arrange funds to get over a temporary financial crisis.
At Muthoot Finance, you can explore a wide range of Gold loan schemes and choose the one that suits you the best. The minimum tenure of our gold loan is 7 days. The maximum tenure is 12 months for normal schemes.You can pre pay the loans if you so desire no pre-payment charges.
Benefits of Availing a Gold Loan
- Fast loan disbursal
- Customer-oriented services
- Minimal documentation
- In-house gold evaluation
- Get minimum loan amount of INR 1500
- No maximum limit
- Pre-payment option with no penalty
- Secure vault to ensure safe custody of gold ornaments
- Prompt customer service within a shorter response time
- Part release of gold ornaments
Factors That Affect Gold Prices in India
- Inflation
- Demand and supply
- Government gold reserves
- Interest rates
- Global trends
- Import duty
- Equation of Rupee and Dollar
Eligibility
Anyone above the age of 21 years can avail a gold loan from Muthoot Finance. We also have an online eligibility calculator that determines the amount of gold you are eligible for based on the amount of gold you have and the purity of the gold.
GOLD LOAN SCHEMES
MUTHOOT
ONE PERCENT LOAN
- Small loans at low interest rates.
- Loan Amount: ₹1,500 to ₹50,000
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- Online Gold Loan (OGL) facility available
- Loan Amount: ₹1,500 to ₹50,000
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Scheme with the lowest rate of interest (12% p.a.) if 100% interest is paid monthly
MUTHOOT
ULTIMATE LOAN (MUL)
- Maximum loan value anddiscounts on timely interest payments.
- Loan Amount: Starting at ₹1,500
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- Online Gold Loan (OGL) facility available
- Loan starting from ₹1,500 and no maximum limit
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Rate of interest is 22% p.a. with 2% rebate if 100% interest is paid monthly
MUTHOOT
DELIGHT LOAN
- Loan Amount: ₹50,000 to ₹5 crores
- Tenure: 12 months
Learn More
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹50,000 to ₹5 crores
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Low rates of interest
MUTHOOT
MUDRA LOAN
- Special loan scheme for women that’s available at South India branches.
- Loan Amount: ₹1,500 to ₹1 lakhs
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- Offered at South India branches only
- Loan Amount: ₹1,500 to ₹1 lakhs
- Highly discounted rate of 11.9% p.a.
MUTHOOT
ADVANTAGE LOAN
- Competitive per gram and interest rates.
- Loan Amount: ₹50,000 to ₹5 Crores
Learn More
- Online Gold Loan (OGL) facility available
- Offered at branches in South India
- Loan Amount: ₹50,000 to ₹5 Crores
- Tenure: 12 months
- Free insurance for pledged ornaments
- Attractive interest rate of 18% p.a.
MUTHOOT HIGH VALUE
PLUS LOAN (MHP)
- Loans curated forthe business community.
- Loan Amount: ₹1,90,000 to ₹5 crores
Learn More
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹1,90,000 to ₹5 crores
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Interest rates as low as 14% p.a.
- Maximum Loan Value offered
MUTHOOT
HIGH VALUE LOAN (MHL)
- Loans which are ideal forlonger periods.
- Loan starting from ₹50,000 and no maximum limit
Learn More
- Online Gold Loan (OGL) facility available
- Loan starting from ₹50,000 and no maximum limit
- Tenure: 12 months
- Free insurance for pledged ornaments
- Interest rate as on date as low as 15% p.a.
- Maximum Loan Value offered
- Offered at branches in South India
MUTHOOT BIG BUSINESS LOANS
- Low rates of interest with maximum LTV
- Tenure: 12 months
Learn More
- Low rates of interest with maximum LTV
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹5 Lakhs to ₹500 lakhs as per Schemes
- Muthoot Big Business Loan Silver @12.9% p.a.
- Muthoot Big Business Loan Platinum @11.9% p.a.
- Muthoot Big Business Loan Diamond @10.9% p.a.
- Muthoot Big Business Loan Elite@ 10.5% p.a.
BEST VALUE SCHEME (BVS)
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores
Learn More
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores
- Highly discounted rate of 14% p.a.
- Tenure: 12 months
- Free insurance for pledged ornaments
HIGH VALUE RETENTION (HVR)
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
Learn More
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
- Lowest interest rate of 10.9% p.a.
- Tenure: 12 months
- Free insurance for pledged ornaments
MUTHOOT
ONE PERCENT LOAN
- Small loans at low interest rates.
- Loan Amount: ₹1,500 to ₹50,000
Learn More
MUTHOOT
ULTIMATE LOAN (MUL)
- Maximum loan value anddiscounts on timely interest payments.
- Loan Amount: Starting at ₹1,500
Learn More
MUTHOOT
DELIGHT LOAN
- Loan Amount: ₹50,000 to ₹5 crores
- Tenure: 12 months
Learn More
MUTHOOT
MUDRA LOAN
- Special loan scheme for women that’s available at South India branches.
- Loan Amount: ₹1,500 to ₹1 lakhs
Learn More
MUTHOOT
ADVANTAGE LOAN
- Competitive per gram and interest rates.
- Loan Amount: ₹50,000 to ₹5 Crores
Learn More
MUTHOOT HIGH VALUE
PLUS LOAN (MHP)
- Loans curated forthe business community.
- Loan Amount: ₹1,90,000 to ₹5 crores
Learn More
MUTHOOT
HIGH VALUE LOAN (MHL)
- Loans which are ideal forlonger periods.
- Loan starting from ₹50,000 and no maximum limit
Learn More
MUTHOOT BIG BUSINESS LOANS
- Low rates of interest with maximum LTV
- Tenure: 12 months
Learn More
BEST VALUE SCHEME (BVS)
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores
Learn More
HIGH VALUE RETENTION (HVR)
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
Learn More
GOLD LOAN SCHEMES
Avail the best interest rates and quick loan disbursals with Muthoot Finance.
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Service Charges relating to Gold Loan
| SL No. | Type of Charges | Corporate | Rate of charges applicable | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Service charges -Fresh loan- Rate applicable on loan amount(IPL) | Southern Branches | IPL (1%) (For 12 months period only) | ||||||||||
| 2 | Service charges -Fresh loan- Rate applicable per account (ZIL/ZIP) | ALL | ZIL/ZIP-Rs.50/loan | ||||||||||
| 3 | Service charges on fresh loan under MEI scheme | ALL | 0.60% of loan amount | ||||||||||
| 4 | Top-up services charges - Rate applicable on enhnaced amount | All | 2% of enhanced amount (For GL schemes having 1st slab ROI <15% with rebate facility) | ||||||||||
| 5 | Security charges- Fresh loan | Rest of India | 0.15% of loan amount- Minimum Rs.100/- and Maximum Rs.1,000/- | ||||||||||
| 6 | Token charges- (For schemes except given in Sl no.1, 2, 10 & 11 | Southern Branches | Loan up to Rs.1,00,000/- --> Rs.20/- Above Rs.1,00,000/- --> Rs.100/- Where 1st slab interest rate is <13% after rebate, other cases Rs.50/- | ||||||||||
| 7 | SMS charges | ALL | Rs.5/per quarter at the time of closure or renewal | ||||||||||
| 8 | Notice Charges (Applicable for loans under all schemes) | Southern Branches Rest of India | 3 ordinary notice Rs.30/each and 4th notice-RegisteredRs.100/- 3 ordinary notice Rs.30/each and 4th notice-RegisteredRs.100/- Auction Notice charges Rs.120/- | ||||||||||
| 9 | Token lost charges (Applicable for loans under all schemes) | ALL | Rs.25/-(in addition to cost of stamp paper applicable) | ||||||||||
| 10 | Safe Custody Charges | ALL | Rs.5/per gram per month, payable at the time of closure or renewal | ||||||||||
| 11 | Stamp duty levied by State Governments | States:- Karnataka , Andhra and Rajasthan | Actuals where ever applicable | ||||||||||
| 12 | GCS | Southern Branches | 1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months) 2.If the transaction is through branches then Rs.99/- per transaction | ||||||||||
| 13 | GCL | Rest of India | 1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months) 2.Part release charges of Rs.499/- per transaction 3.If the transaction is through branches then Rs.99/- per transaction | ||||||||||
| 14 | Loan @ Home charges | ALL | Upto Rs.500/- for loan @ home services | ||||||||||
| 15 | CAC (Credit Appraisal Charges) – If total exposure > Rs.3 L | Southern Branches |
| ||||||||||
| 16 | Door to Door collection charges (Follow up for interest / loan recovery) | Southern Branches | Rs.150/- plus GST per customer for recovery made through customer follow up visit |
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NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212
SOUTH INDIA CALL CENTER NO.:
99469 01212
WRITE TO US:
[email protected]
BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM
Refer a Friend*
Refer a friend & get a Chance to
Win Exciting Muthoot Finance Merchandise
refer now*T&C apply
Ask an Expert
NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212
SOUTH INDIA CALL CENTER NO.:
99469 01212
WRITE TO US:
[email protected]
BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM
Gold Loan Per Gram FAQs
How much loan can I get for 1 gram of gold?
For 1 gram of gold, you will be able to avail a loan amount equivalent to 75% of the market price of the metal on that particular day. Muthoot Finance offers the highest per gram rate for a gold loan.
How to calculate the gold loan amount?
To calculate the gold loan amount, you will have to check the rate of gold on that particular day. This per gram gold rate is multiplied by the weight of the gold ornaments. Once you have the value of the gold ornaments you are going to pledge, you can calculate the loan amount using the LTV ratio of 75%. Usually, the LTV ratio for a gold loan is 75%. This means that the loan amount will be equivalent to 75% of the gold value. At Muthoot Finance, you can also calculate your eligibility for availing a gold loan by using the Gold Loan Calculator.
What are the factors affecting per gram rates?
The purity of the gold ornaments you are going to pledge and the average market price of gold of that particular purity are two key factors that affect the per gram rates while availing a gold loan. The purer the gold is, the higher its value is going to be. For example, 22 karat gold ornaments have a higher value than 18-karat or 20 karat ones.
Whether one can avail a Gold Loan by pledging gold coins/ biscuits/ bars?
No, Gold Loan can be availed against the pledge of gold ornaments only.
What is the current rate per gram for gold loans?
The rate per gram of gold for gold loans depends on the quality of gold pledged and the lender. Lenders typically provide a percentage of the gold’s current market value as the loan amount, with the interest rate depending from lender to lender. The actual rate per gram can fluctuate based on the market conditions and specific terms the lender sets. For the most accurate rate per gram for gold loans, it is best to check directly with lenders or financial service providers.
What factors affect the gold loan per gram rate?
Several factors affect the gold loan per gram rate, including the purity of the pledged gold, the market price of the gold, and the policies set by the lender. Additionally, interest rates, economic conditions, and the borrower’s creditworthiness are some of the factors that influence the loan rate. Local taxes and fees and demand and supply changes in the gold market also play a crucial role. Hence, always check with specific financial institutions for the most current and up-to-date rates.
How quickly can I get a gold loan per gram?
The time in which you can get a gold loan per gram depends from lender to lender. Ideally, you can get a gold loan within a few hours to one business day if you choose to raise funds from Muthoot Finance. The process involves evaluating the purity of the gold, verifying personal information, and signing the loan agreement. Some banks and financial institutions offer instant loan approval and disbursem*nt, which makes it easy for borrowers to get funds immediately when needed.
What are the interest rates for gold loans per gram?
The interest rates for gold loans per gram vary from lender to lender. Muthoot Finance, a prominent lender, offers competitive rates that are hassle-free. Specific factors influencing the interest rate for gold loans include the loan amount, purity of the gold, borrower’s creditworthiness, and current market conditions. Hence, for the best deals, borrowers must compare rates, including Muthoot Finance, for the most accurate interest rates.
How long is the tenure for a gold loan per gram?
The tenure for a gold loan is flexible, typically ranging from a few months to a few years, depending on the lender and the borrower's preference. Muthoot Finance offers flexible repayment options, with tenures ranging from three to twelve months, although an extension may be available upon request. You can choose a repayment plan that suits your financial situation, whether monthly instalments or bullet payments. Always check with the specific lender for precise tenure options and terms.
What documents are required to apply for a gold loan per gram?
The documentation required for a gold loan is minimal. It usually includes proof of identity, address, and the pledged gold. Some financial institutions and NBFCs may also require additional KYC documents to disburse the loan amount. Hence, it is always advisable to check with the specific lender for any other documentation and ensure you have all the necessary documents to facilitate a smooth gold loan application process.
Are there any processing fees for gold loans per gram?
The processing fees depend on the lender to whom you wish to apply for a gold loan. Typically, these fees are charged based on the percentage of the loan amount rather than per gram of gold pledged. That is why it is essential to check with individual lenders for specific details, as they may have different terms and fee structures associated with their gold loan offerings. Always review the terms and conditions beforehand to understand the complete cost breakdown before proceeding with the gold loan application.
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MUTHOOT ONE PERCENT LOAN
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹1,500 to ₹50,000
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Scheme with the lowest rate of interest (12% p.a.) if 100% interest is paid monthly
Enquire Now
MUTHOOT ULTIMATE LOAN (MUL)
- Online Gold Loan (OGL) facility available
- Loan starting from ₹1,500 and no maximum limit
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Rate of interest is 22% p.a. with 2% rebate if 100% interest is paid monthly
Enquire Now
MUTHOOT DELIGHT LOAN
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹50,000 to ₹5 crores
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Low rates of interest
Enquire Now
MUTHOOT MUDRA LOAN
- Offered at South India branches only
- Loan Amount: ₹1,500 to ₹1 lakhs
- Highly discounted rate of 11.9% p.a.
Enquire Now
MUTHOOT ADVANTAGE LOAN
- Online Gold Loan (OGL) facility available
- Offered at branches in South India
- Loan Amount: ₹50,000 to ₹5 Crores
- Tenure: 12 months
- Free insurance for pledged ornaments
- Attractive interest rate of 18% p.a.
Enquire Now
MUTHOOT HIGH VALUE PLUS LOAN (MHP)
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹1,90,000 to ₹5 crores
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Interest rates as low as 14% p.a.
- Maximum Loan Value offered
Enquire Now
MUTHOOT HIGH VALUE LOAN (MHL)
- Online Gold Loan (OGL) facility available
- Loan starting from ₹50,000 and no maximum limit
- Tenure: 12 months
- Free insurance for pledged ornaments
- Interest rate as on date as low as 15% p.a.
- Maximum Loan Value offered
- Offered at branches in South India
Enquire Now
MUTHOOT BIG BUSINESS LOANS
- Low rates of interest with maximum LTV
- Tenure: 12 months
- Free insurance for pledged gold ornaments
- Online Gold Loan (OGL) facility available
- Loan Amount: ₹5 Lakhs to ₹500 lakhs as per Schemes
- Muthoot Big Business Loan Silver @12.9% p.a.
- Muthoot Big Business Loan Platinum @11.9% p.a.
- Muthoot Big Business Loan Diamond @10.9% p.a.
- Muthoot Big Business Loan Elite@ 10.5% p.a.
Enquire Now
BEST VALUE SCHEME (BVS)
- Offered at South India branches only
- Loan Amount: ₹50,000 to ₹5 Crores
- Highly discounted rate of 14% p.a.
- Tenure: 12 months
- Free insurance for pledged ornaments
Enquire Now
HIGH VALUE RETENTION (HVR)
- Offered at South India branches only
- Loan Amount: ₹10 Lakh to ₹5 crores
- Lowest interest rate of 10.9% p.a.
- Tenure: 12 months
- Free insurance for pledged ornaments
Enquire Now
