Soft magnetic ferrites Mn0.6Zn0.4GdxFe2-xO4 (x = 0, 0.02, 0.04, 0.06, 0.08 and 0.1) have been synthesized using a solvothermal method. X-ray diffraction analysis revealed the structure of Gd3+ doped Mn-Zn ferrite was spinel structure. In response to an increase in Gd3+ content, the lattice constant of the sample increased and then decreased, and the largest lattice constant was 8.452 Å with x = 0.04. The crystallite size varied between 14.7 and 18 nm. M−H data revealed that all samples are soft magnetic and characterized by the larger saturation magnetization, low remnant magnetization and coercively. We found that the Gd3+ ions substituted into Fe3+ ion sites and resulted an increase in Gd3+ content from x = 0 to x = 0.1, which lead to the saturation magnetization first increased then decreased. The maximum saturation magnetization value of Mn0.6Zn0.4GdxFe2-xO4 was 90.1 emu/g with x = 0.04, which suggested the Mn0.6Zn0.4Gd0.04Fe1.96O4 was magnetically responsive, and could be used in hyperthermia tumor applications.