Monthly EMI: ₹23,924 at 14% for 3 years. Total interest: ₹1,61,264.
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With a ₹7 Lakh personal loan from Muthoot Finance at 14% for 3 years, you will pay a monthly EMI of ₹23,924. The total amount payable is ₹8,61,264, of which ₹1,61,264 is interest.
At 14% interest rate for 3 years, the EMI for ₹7 Lakh Personal Loan from Muthoot Finance is ₹23,924 per month. Total interest payable: ₹1,61,264.
Muthoot Finance offers Personal Loan at 14.00 - 24.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 14% for 3 years, you would pay approximately ₹1,61,264 as total interest, making the total repayment ₹8,61,264.
Muthoot Finance's prepayment policy for Personal Loan: 4% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Muthoot Finance offers competitive rates starting from 14.00 - 24.00% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹7 Lakh personal loan.