2,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 500* on Gold Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Muthoot Gold Loan EMI Calculator

Muthoot Gold Loan EMI Calculator Sep 2021

Last Updated 12th Aug 2021

  • Muthoot gold loan EMI depends upon loan amount, rate of interest and loan tenure.
  • Muthoot gold Loan EMI Calculator is an online tool to estimate monthly EMI on gold loan from Muthoot and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly Muthoot gold loan EMI is ₹ 3,321 as calculated using the lowest interest rate of 11.99% for the maximum tenure of 36 months.
  • The table below gives the EMIs on gold loan from Muthoot at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 8,884₹ 4,707₹ 3,321
₹ 3 Lakh₹ 26,653₹ 14,121₹ 9,963
₹ 5 Lakh₹ 44,422₹ 23,534₹ 16,605

Jump to EMI Calculator

    Apply for Gold Loan @ 9.99%* Get upto ₹ 500* Cashback
    Best Offers on Gold Loan offerOffers
    Bank/NBFCs Rate* EMI per Lakh* Action

    * Starting From

    Muthoot Gold Loan EMI Calculator

    Muthoot gold loan EMI is a fixed amount of money you pay on your Muthoot gold loan and is based on your loan amount, tenure and interest rate. If you want to calculate the gold EMI of Muthoot in advance, you can use Muthoot gold loan EMI Calculator. Muthoot gold loan calculator is an online tool that functions on a mathematical algorithm to calculate monthly EMI, consisting of both principal and interest payment.

    Why Should You Use Muthoot Fincorp Ltd. Gold Loan EMI Calculator?

    • Calculate the EMI at Different Tenures: Muthoot gold loan calculator 2021 helps calculate the EMI with different loan amount and tenure. However, to compare the gold loan EMI at the lowest rate, it is advisable to check with the bank to know the gold loan interest rate you will be eligible for Muthoot gold loan.
    • Compare EMI on Muthoot Gold Loan: You can also estimate the EMI on Muthoot gold loan with other leading banks using Muthoot gold loan EMI Calculator at the same loan amount and tenure at varying interest rates.
    • Get Detailed Amortisation Schedule: To calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure, you can use Muthoot gold mortgage loan calculator.
    • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Knowing the outstanding balance is always helpful if you are thinking about gold loan balance transfer.

    Muthoot Gold Loan EMI Calculator to Estimate The EMI That Fits Your Budget

    You can use the Muthoot gold loan emi calculator to know your Muthoot gold loan repayment schedule. To calculate EMI on Muthoot gold loan at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Muthoot gold loan calculator. For example, the below-mentioned table shows the calculation of Muthoot gold Loan at the various combinations of loan amount and years at the lowest rate of 11.99%.

    EMI on Muthoot gold loan is calculated for different loan amounts and tenures at the lowest gold rate of 11.99%.

    Loan Tenure
    Loan Amount 1 Year 2 Years 3 Years
    ₹ 50,000 ₹ 4,442 ₹ 2,353 ₹ 1,660
    ₹ 1 Lakh ₹ 8,884 ₹ 4,707 ₹ 3,321
    ₹ 2 Lakh ₹ 17,769 ₹ 9,414 ₹ 6,642
    ₹ 5 Lakh ₹ 44,422 ₹ 23,534 ₹ 16,605

    Muthoot Fincorp Ltd. Gold Loan EMI Calculator Formula

    Muthoot gold loan calculator works using a simple mathematical formula to calculate your EMI. The Muthoot gold loan calculation formula to calculate loan EMI is given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of interest per month
    n = The tenure of loan repayment in months

    If you want to use Muthoot calculator to calculate Muthoot gold loan EMI at rates ranging from 11.99% to 11.99%, you need to enter values like loan amount, rate of interest, loan tenure on the EMI calculator Muthoot gold loan.

    Comparison of Muthoot Fincorp Ltd. Gold Loan EMI With Other Banks

    Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 2 Lakh Loan Amount of ₹ 5 Lakh
    Muthoot Fincorp Ltd. 11.99% ₹ 3,321 ₹ 6,642 ₹ 16,605
    Axis Bank 13.50% ₹ 4,778 ₹ 9,555 ₹ 23,889
    IIFL 9.24% ₹ 9,516 ₹ 19,033 ₹ 47,581
    PNB 8.75% ₹ 8,734 ₹ 17,467 ₹ 43,668
    ICICI Bank 9.00% ₹ 8,745 ₹ 17,490 ₹ 43,726
    Yes Bank 9.99% ₹ 3,226 ₹ 6,452 ₹ 16,131
    Fincare Small Finance Bank 10.99% ₹ 11,626 ₹ 23,252 ₹ 58,130

    How to Pay Muthoot Fincorp Ltd. Gold Loan EMI?

    There are various methods to pay your Muthoot gold loan EMI. To make a Muthoot gold loan payment, you can either visit the bank branch and pay through cash, cheque or DD. In addition, the bank also allows Muthoot gold loan online payment through net banking and mobile banking facilities.

    Muthoot Gold Loan EMI for ₹ 1 Lakh

    The following table shows Muthoot Gold Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 11.99%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 1,00,000 11.99% 1 ₹ 8,884
    ₹ 1,00,000 11.99% 2 ₹ 4,707
    ₹ 1,00,000 11.99% 3 ₹ 3,321

    Muthoot Gold Loan EMI for ₹ 3 Lakh

    Below mentioned table shows the Muthoot gold loan EMI for a gold loan of ₹ 3,00,000 at different tenure at the lowest rate of 11.99%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 3,00,000 11.99% 1 ₹ 26,653
    ₹ 3,00,000 11.99% 2 ₹ 14,121
    ₹ 3,00,000 11.99% 3 ₹ 9,963

    Muthoot Gold Loan EMI for ₹ 5 Lakh

    Muthoot gold loan EMI for a gold loan of ₹ 5,00,000 at different tenure at the lowest rate of 11.99%, is listed as follows

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 5,00,000 11.99% 1 ₹ 44,422
    ₹ 5,00,000 11.99% 2 ₹ 23,534
    ₹ 5,00,000 11.99% 3 ₹ 16,605

    FAQs

    Why should I calculate Muthoot loan EMI before taking a loan?

    There are several benefits to calculate EMI for Muthoot gold loan as discussed below -

    • If the EMI comes out to be more than your monthly budget, you can apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable.
    • If you already know the EMI you have to pay each month, you can plan your expenses accordingly.
    • You can also opt for gold loan prepayment in future when you have a surplus amount.

    Why Use MyLoanCare’s Muthoot Fincorp Ltd. Gold Loan EMI Calculator?

    With MyLoanCare Muthoot gold loan EMI calculator, you can easily calculate EMI for Muthoot gold loan without any hassle in a few seconds and error-free. The calculator works on a mathematical algorithm to calculate the EMI and helps you compare the EMI for varying loan amount and tenure. In addition, you also receive EMI calculation in your email or as a link on SMS.

    How is EMI calculated for Muthoot Fincorp Ltd. gold loan?

    Muthoot calculates gold loan EMI using the mathematical formula as given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of Interest per month
    n = The tenure of loan repayment in months

    For What Other Purposes, You can Use Muthoot Fincorp Ltd. Gold Loan EMI Calculator

    Muthoot jewel loan EMI calculator not just helps you calculate and compare the EMI for different loan amounts and tenures. You can also use the calculator to calculate various other charges on a gold loan, including foreclosure, prepayment etc.

    How To Repay Muthoot Fincorp Ltd. Gold Loan?

    You can repay Muthoot gold loan using repayment methods such as EMI, bullet repayment and overdraft. For example, if you want to repay Muthoot gold using the EMI option, you can use the Muthoot jewel loan calculator to calculate Muthoot gold loan EMI payment.


    Notification ×
    • Home Loan

      Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

      Apply Now
    • Personal Loan

      Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

      Check Offers
    • Gold Loan

      Instant Gold Loan starting at 9.99% with Cashback of up to ₹ 500

      Apply Now
    • Loan Against Property

      Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

      Apply Now
    • Business Loan

      Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

      Apply Now
    • Fixed Deposit

      AAA rated FDs with returns as high as 6.95%.

      Invest Now
    Muthoot Fincorp Ltd. Gold Loan News - Sep 2021
    • 2021-08-12 : Muthoot Finance reports a net profit of Rs 979 crore
      Muthoot Finance reported a 14% year-on-year (y-o-y) increase in its first-quarter consolidated net profit to Rs 979 crore. It is due to the good performance of the gold loan division. Consolidated loan assets under management increased 25% y-o-y to Rs 58,135 crore against Rs 46,501 crore in the year-ago period.
    • 2021-08-12 : Muthoot Fincorp introduces ‘Restart India Vidya Dhan Gold Loan’
      One of the leading NBFCs Muthoot Fincorp has introduced a gold scheme called Restart India Vidya Dhan Gold Loan. The aim of the scheme is to offer gold loans to students to buy smartphones and tablets for online classes. The lender is offering interest-free loans for 90 days to 1,00,000 applicants on a first-come, first-serve basis.
    • 2021-07-14 : Minimum 15% growth this year for Muthoot Finance
      Muthoot Finance MD hopes for a 15% growth this year. After the grim-looking Q1, things have started looking better for Q2 and Q3. Once businesses reopened, the credit requirement was so huge that every lender — gold lending, personal loans, any other loans — started doing better.
    • 2021-06-10 : Expected Gold Loan growth of more than 15%
      Considering the constant rise in demand, Muthoot Finance group is expecting a growth in Gold Loan of 15% or higher in the next financial year.
    • 2021-03-24 : CRISIL upgrades rating of Muthoot FinCorp
      CRISIL upgraded its rating of Muthoot FinCorp from ‘A’ (Stable) to ‘A+ (Stable)’. The rating upgrade by CRISIL will help the NBFC in strengthening the confidence of the lenders and retail investors.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
    Loader
    Please wait while your information is being processed...