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Muthoot Finance Gold Loan for ₹7 Lakh

EMI: ₹62,194/month at 12%. Min income: ₹95,684/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
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Existing EMIs
₹ 0
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New Loan EMI
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Remaining Income
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Muthoot Finance Gold Loan for ₹7 Lakh - Key Details

Interest Rate
12% p.a.
Monthly EMI
₹62,194
Total Interest
₹46,328
Total Payment
₹7,46,328
Min Income Required
₹95,684/mo
Processing Fee
1% + GST

A ₹7 Lakh gold loan from Muthoot Finance at 12% interest for 1 years will cost you ₹62,194 per month as EMI. You will pay a total interest of ₹46,328 over the loan tenure. The minimum monthly income needed is ₹95,684 (assuming no existing EMIs).

Frequently Asked Questions

What is Muthoot Finance gold loan EMI for ₹7 Lakh?

Muthoot Finance Gold Loan EMI for ₹7 Lakh at 12% for 1 years is ₹62,194 per month.

What income do I need for ₹7 Lakh gold loan from Muthoot Finance?

You need a minimum monthly income of ₹95,684 for a ₹7 Lakh gold loan from Muthoot Finance (at 12% rate, assuming no existing EMIs).

What is the total interest on ₹7 Lakh gold loan from Muthoot Finance?

The total interest payable on ₹7 Lakh gold loan from Muthoot Finance at 12% for 1 years is ₹46,328.

What is Muthoot Finance's processing fee for ₹7 Lakh gold loan?

Muthoot Finance charges a processing fee of 1% + GST for Gold Loan.

Can I prepay my Muthoot Finance gold loan?

Muthoot Finance Gold Loan prepayment policy: Nil.

₹7 Lakh Gold Loan from Other Banks

SBIFrom 7.50 - 9.50%HDFC BankFrom 8.50 - 16.50%ICICI BankFrom 10.00 - 16.00%Axis BankFrom 9.75 - 17.00%Kotak Mahindra BankFrom 10.00 - 17.00%Bank of BarodaFrom 7.70 - 9.70%PNBFrom 7.85 - 9.90%Canara BankFrom 7.65 - 9.65%Union BankFrom 7.80 - 9.80%Indian BankFrom 7.60 - 9.60%

Other Muthoot Finance Gold Loan Amounts

₹1 LakhEMI ₹8,885/mo₹2 LakhEMI ₹17,770/mo₹3 LakhEMI ₹26,655/mo₹5 LakhEMI ₹44,424/mo₹10 LakhEMI ₹88,849/mo