Muthoot gold loan interest rate: The interest rate on a Muthoot

The interest rate on a Muthoot gold loan varies based on the loan amount, tenure, and repayment plan. Typically, gold loan interest rates range between 7% and 29% per annum, depending on the scheme you choose. 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 ... Compare the gold loan interest rates and charges of Muthoot Money with other banks and lenders. Find out how to calculate the interest rate, the eligibility criteria, and the additional charges for different gold loan schemes. The Interest Rate Policy document prescribes the guiding principles for fixing interest rate on gold loans and other loan schemes of Muthoot Finance Ltd., the details of which are enumerated below.