Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
My Account
Do not call
En
Get a Muthoot Finance Personal Loan at competitive interest rates, starting from 14.50%.
Last updated on: January 23, 2026
With interest rates starting from 1.20% per month, Muthoot Finance Personal Loan is an affordable financing option. With a tenure of up to 60 months, making loan repayment becomes convenient and manageable. You can also check the additional costs associated with a Muthoot Finance Personal Loan to assess the complete loan repayment costs.
Here are the Muthoot Finance Personal Loan interest rate details:
| Particulars | Details |
|---|---|
Interest Rate |
14.50% p.a. onwards |
Processing Fee |
2% to 4% of the loan amount |
Disclaimer: The mentioned values are subject to change at the lender’s discretion.
Here are some loan-related fees and charges you should consider before applying:
| Particulars | Details |
|---|---|
Foreclosure Charges |
2% to 6% of the outstanding loan amoun |
Disclaimer: The mentioned values are subject to change at the lender’s discretion.
Here are some common factors which may have a major impact on your personal loan interest rate:
Credit score
Income level
Employment history
Loan tenure
Debt-to-Income (DTI) ratio
Relationship with the lender
Type of employment
Economic conditions
Collateral
| Available Offerings | Starting Interest Rate (p.a.) | Max. Loan Amount | Processing Fee |
|---|---|---|---|
10.00% |
55 Lakhs |
Upto 3.93% of the loan amount (Inclusive of applicable taxes) |
|
2.79% p.m. |
3 Lakhs |
Up to 5.5% of the loan amount + GST |
|
12.75% |
5 Lakhs |
2% to 3% of the loan amount + 18% GST |
|
14.00% |
5 Lakhs |
Up to 2% of the loan amount |
|
15.95% |
10 Lakhs |
Up to 3% of the loan amount |
|
18.00% |
5 Lakhs |
2% to 6% of the loan amount + GST |
|
13.99% |
10 Lakhs |
2% to 5% of the sanctioned amount |
|
14.00% |
4 Lakhs |
3% to 5% of the loan amount |
|
10.99% |
40 Lakhs |
1.10% - 1.50% of the loan amount + GST |
|
12.00% |
10 Lakhs |
Up to 5.1% + GST |
|
12.00% |
15 Lakhs |
Up to 3% of the loan amount + GST |
|
1.33% p.m. |
10 Lakhs |
Starts from 2% of the approved loan amount |
|
24.00% |
45000 |
₹50 to ₹200 + 18% GST (maximum APR of 48%) |
|
14.50% |
10 Lakhs |
2% to 4% of the loan amount |
|
18.00% |
1 Lakh |
2% to 12% of the loan amount |
|
14.00% |
5 Lakhs |
2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
|
9.99% |
5 Lakhs |
1% to 3% of the loan amount + GST |
|
12.00% |
25 Lakhs |
0% to 6% of the loan amount |
|
18.00% |
5 Lakhs |
Up to 4% of the loan amount |
|
12.50% |
50 Lakhs |
1.15% to 2.75% of the loan amount |
|
18.00% |
5 Lakhs |
2% to 6% of the loan amount |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
Use the following formula to calculate the instalment for a Muthoot Finance Personal Loan.
EMI = P x R x (1+R) ^N / [(1+R) ^N-1]
Here,
EMI = The instalment amount paid each month
P = The borrowed loan amount
N = The repayment tenure
R = The rate of interest
For example, let’s say you have a loan of ₹10,000 for a tenure of 12 months at an interest rate of 14.50% p.a. In this case, the EMI amount is ₹900.23. To make it easy to calculate the EMI amount you can use a personal loan emi calculator available on Bajaj Markets.
Simply enter the 3 details and instantly learn the EMI amount, interest charges payable, and total loan repayment cost. You can also check the amortisation schedule to check how the loan repayment progresses over the tenure. These insights can help you plan efficiently and budget better.
Reviewer
To be eligible for a Muthoot Finance Personal Loan you must meet the following criteria:
You must be a salaried employee working in a public sector unit or any respected organisation
Your age should be between 23 and 60 years
If residing in a metro city, the minimum net monthly income must be in the range of ₹20,000 – ₹30,000
If residing in a non-metro city, the minimum net income must be ₹15,000 – ₹25,000 per month
Furthermore, you need to provide some documents when applying for the loan. These include:
Duly filled loan application form
Passport-size photographs
PAN card
Identity Proof: A copy of any one of the following
Aadhaar card
Driving licence
Passport
Voter ID
Address Proof: A copy of any one of the following
Aadhaar card
Driving licence
Passport
Property purchase agreement
Registered lease agreement
Latest utility bills
Proof of Income: Any one of the following
Form 16
Salary slip
Bank account statement
Salary certificate
Employment Proof: Letter from the company confirming your employment period
You should have a minimum salary of ₹15,000 per month to be eligible for a Muthoot Finance Personal Loan.
You can get both, a fixed or floating interest rate on a Muthoot Finance Personal Loan. This depends on your eligibility for the loan and the lender’s policies.
A charge amounting to 2% - 6% of the loan amount must be paid to foreclose a Muthoot Finance Personal Loan.
A processing fee of 2% to 4% of the loan amount is charged on your Muthoot Finance Personal Loan.
Academy 
