Muthoot Finance Loan EMI Calculator
Muthoot Finance personal loan EMI starts at ₹9,650/month at 14.5% interest. Calculate exact EMI for ₹50,000–₹15,00,000 loans with amortization schedule.
₹
₹50,000₹15,00,000
%
14.5%27.0%
12 Mo60 Mo
Monthly EMI
₹9,650
Total Interest
₹31,597
Total Payment
₹2,31,597
Monthly EMI
₹9,650
Principal Amount
₹2,00,000 (86.4%)
Total Interest
₹31,597 (13.6%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹92,807 | ₹22,993 | ₹1,15,800 | ₹1,07,193 |
| Year 2 | ₹1,07,193 | ₹8,603 | ₹1,15,800 | ₹0 |
By Gaurav Gupta, Credit SpecialistUpdated
Muthoot Finance Personal Loan at a Glance
Interest Rate
14.5%
to 27%
Max Amount
₹15,00,000
min ₹50,000
Min CIBIL
650
minimum score
Tenure
Up to 60 mo
min 12 months
Muthoot Finance Loan Details
| Interest Rate | 14.5% — 27% p.a. |
| Loan Amount | ₹50,000 to ₹15,00,000 |
| Tenure | 12 to 60 months |
| Processing Fee | Up to 3% |
| Prepayment Charges | 3-5% of outstanding |
| Min CIBIL Score | 650+ |
| Min Monthly Salary | ₹15,000 |
| Age Requirement | 21 to 60 years |
| Employment Types | Salaried, Self-employed |
| Disbursal Time | 24-72 hours |
EMI Example: ₹2,00,000 at 14.5%
Loan Amount: ₹2,00,000
Interest Rate: 14.5% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,650
Total Interest: ₹31,600
Total Payment: ₹2,31,600
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
Muthoot Finance EMI Calculator — FAQs
What is the EMI for a Muthoot Finance personal loan?
For a ₹2,00,000 loan at 14.5% interest for 24 months, the EMI would be approximately ₹9,650 per month. Total interest payable would be ₹31,600. 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 14.5% p.a. going up to 27% 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 650. 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
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Calculate EMI →🤖
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