Muthoot Finance gold loan interest rate for 1 lakh

Muthoot Finance gold loan interest rates for ₹1 lakh typically range from 10.90% to 24.00% per annum, depending on the specific scheme, repayment plan, and your region. For a ₹1 lakh loan, the estimated monthly interest is approximately ₹900 to ₹2,000.

 Expected Interest Rates & Monthly Estimates

Based on prevailing schemes, typical rates and costs include:

• Low-Interest Schemes: Rates start around 10.90% to 12.00% p.a. (e.g., Muthoot High Value Retention or One Percent loans). Estimated monthly interest is about ₹900 to ₹1,000.
• Standard/High Value Schemes: Rates generally average 14.00% to 18.00% p.a. Estimated monthly interest is about ₹1,160 to ₹1,500.
• Ultimate/Flexi Schemes: Rates can range up to 22.00% to 24.00% p.a..

Note: The interest rate generally decreases the higher your loan-to-value (LTV) ratio is and whether you opt to service the interest monthly or as a lump sum at the end of the tenure. 

Common Charges & Fees

Aside from the base interest rate, you will also incur minor processing and security fees on fresh loans: 

• Processing/Service Charges: ~0.60% of the loan amount.
• Security Charges: 0.15% of the loan amount (Minimum ₹100, Maximum ₹1,000).
• Token Charges: ₹100 on loans above ₹1,00,000 (rates can vary for special schemes). 

Muthoot Finance gold loan interest rates for ₹1 lakh typically range from 10.90% to 24.00% per annum, depending on the specific scheme, repayment plan, and your region. For a ₹1 lakh loan, the estimated monthly interest is approximately ₹900 to ₹2,000.