Muthoot Finance Loan EMI Calculator
Muthoot Finance personal loan EMI starts at ₹9,555/month at 13.5% interest. Calculate exact EMI for ₹1,00,000–₹20,00,000 loans with amortization schedule.
₹
₹1,00,000₹20,00,000
%
13.5%32.0%
12 Mo60 Mo
Monthly EMI
₹9,555
Total Interest
₹29,330
Total Payment
₹2,29,330
Monthly EMI
₹9,555
Principal Amount
₹2,00,000 (87.2%)
Total Interest
₹29,330 (12.8%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹93,292 | ₹21,368 | ₹1,14,660 | ₹1,06,708 |
| Year 2 | ₹1,06,699 | ₹7,961 | ₹1,14,660 | ₹9 |
By Gaurav Gupta, Credit SpecialistUpdated
Muthoot Finance Personal Loan at a Glance
Interest Rate
13.5%
to 32%
Max Amount
₹20,00,000
min ₹1,00,000
Min CIBIL
750
minimum score
Tenure
Up to 60 mo
min 12 months
Muthoot Finance Loan Details
| Interest Rate | 13.5% — 32% p.a. |
| Loan Amount | ₹1,00,000 to ₹20,00,000 |
| Tenure | 12 to 60 months |
| Processing Fee | Up to 3% |
| Prepayment Charges | 3-5% of outstanding |
| Min CIBIL Score | 750+ |
| Min Monthly Salary | ₹15,000 |
| Age Requirement | 21 to 67 years |
| Employment Types | Salaried, Self-employed |
| Disbursal Time | 24-72 hours |
EMI Example: ₹2,00,000 at 13.5%
Loan Amount: ₹2,00,000
Interest Rate: 13.5% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,555
Total Interest: ₹29,320
Total Payment: ₹2,29,320
Pros
- +India's largest gold NBFC also offers personal loans
- +Accepts CIBIL 650+ (easier than banks)
- +Extensive branch network for offline applications
Cons
- -Higher interest rates vs banks
- -Loan amount capped at Rs 15 lakh
Popular with borrowers
Muthoot Finance EMI Calculator — FAQs
What is the EMI for a Muthoot Finance personal loan?
For a ₹2,00,000 loan at 13.5% interest for 24 months, the EMI would be approximately ₹9,555 per month. Total interest payable would be ₹29,320. Use the calculator above to try different amounts and tenures.
What interest rate does Muthoot Finance charge on personal loans?
Muthoot Finance charges personal loan interest rates starting from 13.5% p.a. going up to 32% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a Muthoot Finance personal loan?
The minimum CIBIL score required for a Muthoot Finance personal loan is 750. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my Muthoot Finance personal loan early?
Muthoot Finance's prepayment policy: 3-5% of outstanding. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does Muthoot Finance disburse personal loans?
Muthoot Finance typically disburses personal loans within 24-72 hours. Disbursal time depends on document verification, KYC completion, and your profile. Existing Muthoot Finance customers may get faster disbursal through pre-approved offers.
Compare EMI Across Other Lenders
HDFC Bank
from 9.99% · up to ₹40,00,000
Calculate EMI →State Bank of India
from 10% · up to ₹20,00,000
Calculate EMI →ICICI Bank
from 9.99% · up to ₹50,00,000
Calculate EMI →Bajaj Finserv
from 10% · up to ₹55,00,000
Calculate EMI →Axis Bank
from 9.99% · up to ₹50,00,000
Calculate EMI →Kotak Mahindra Bank
from 10.99% · up to ₹35,00,000
Calculate EMI →🤖
GoCredit AI Loan Agent
AI se baat karo. Real offers. CIBIL pe zero impact.
Compare Muthoot Finance with 14 other lenders — automatically
GoCredit's AI agent finds the lowest EMI across 100+ lenders for your exact profile. Muthoot Finance might not be the cheapest option for you.
Find My Lowest EMI Loan →Free. No spam. No credit score impact.