Short answer: Muthoot FinCorp and Muthoot Finance are different companies. Muthoot Finance publishes a lower starting rate (9% a year if interest is paid monthly) and lends from ₹1,500; Muthoot FinCorp starts at about 12%, lends from ₹1,000, and offers EMI and daily-instalment schemes of 3 to 24 months.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
Muthoot FinCorp vs Muthoot Finance at a glance
| Muthoot FinCorp | Muthoot Finance | |
|---|---|---|
| Type | RBI-registered NBFC (Muthoot Pappachan Group; separate company from Muthoot Finance) | RBI-registered NBFC (gold loan specialist) |
| Loan amount | From ₹1,000; no fixed maximum | From ₹1,500; no fixed maximum (some schemes up to ₹5 crore) |
| Interest rate | From 11.99% to 12% a year (pages differ); scheme rates not published | From 9% a year if interest is paid monthly; compounded monthly; scheme rates not published |
| Loan-to-value (LTV) | Up to 75% of the gold’s value (branch page) | Not stated on its pages; RBI caps it at 85% up to ₹2.5 lakh |
| Processing fee and charges | From ₹20, depending on scheme | No processing fee listed; 1% service charge on some 12-month loans (South), 0.15% security charge elsewhere (₹100 to ₹1,000) |
| Tenure | EMI schemes of 3 to 24 months; daily EDI options | 12 months for the normal scheme |
| Repayment options | EMI, daily EDI, online renewal and repledge | Monthly EMI, bullet, part-payment |
| Gold accepted | Not published (calculator uses 22 carat) | 18 to 22 carat jewellery or coins |
| Closing early | Not published | No foreclosure charge; pay interest to date |
| Branches | 3,700+ branches (pages also say 3,800+ and 4,500+) | Branches across major states (count not stated) |
| Online and doorstep | At Home service with insured transit; online renewals in the Muthoot FinCorp One app | Gold Loan@Home (up to ₹500 charge); online top-ups via iMuthoot |
| Also worth knowing | Schemes for first-time borrowers and traders; Co-lending with DCB Bank, UCO Bank and Bank of Maharashtra | Same-day disbursal in branch; Several schemes priced by ticket size |
RBI limits apply to every regulated lender: from April 2026, a gold loan for personal use can be at most 85% of the gold’s value up to ₹2.5 lakh, 80% from ₹2.5 lakh to ₹5 lakh and 75% above, with interest due at maturity counted for bullet loans. Lenders can lend less. Check how much your gold can raise with our gold loan calculator.
What a ₹1 lakh gold loan for 12 months would cost
We costed the same loan on each lender’s published rates, assuming you pay interest every month and repay the principal at the end. Paying interest less often, or compounding, raises the cost.
| Lender | Scenario | Rate a year | Interest for the year | Fees | Total cost |
|---|---|---|---|---|---|
| Muthoot FinCorp | Lowest published rate | 11.99% | ₹11,990 | See charges above | ₹11,990 + any charges |
| Muthoot Finance | Minimum rate, interest paid monthly | 9% | ₹9,000 | See charges above | ₹9,000 + any charges |
Key differences
- Company: Muthoot FinCorp is part of the Muthoot Pappachan Group; Muthoot Finance is a separately listed NBFC.
- Rates: Muthoot Finance from 9%; Muthoot FinCorp from 11.99% to 12%.
- Repayment: Muthoot FinCorp offers EMI schemes up to 24 months and daily EDI; Muthoot Finance’s normal scheme is 12 months.
- Fees: Muthoot FinCorp from ₹20 by scheme; Muthoot Finance lists no processing fee but some schemes carry a service charge.
Which should you choose?
Muthoot FinCorp may suit you if you want to repay in EMIs or daily instalments over up to 2 years.
Muthoot Finance may suit you if you want the lower published starting rate.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Ask for the rate for your exact scheme and how often you must pay interest. Paying monthly is usually cheapest.
- Read the Key Fact Statement (KFS): it must show the APR, every charge and the total you will repay.
- Check the weight and purity recorded on your pledge receipt, and keep it safe.
- Know the auction rules: RBI requires notice before any auction, and the lender must return any surplus.
- Use our gold loan calculator to see the most you can borrow under RBI limits.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Are Muthoot FinCorp and Muthoot Finance the same?
No. They are separate companies run by different branches of the Muthoot family. Check the company name on your pledge receipt.
Which has more branches?
Muthoot FinCorp states 3,700+ branches. Muthoot Finance does not give a count on the pages we checked.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- Muthoot FinCorp gold loan
- Muthoot FinCorp One
- Muthoot Finance gold loan
- Muthoot gold loan interest rate
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.