Muthoot Finance Home Loan Interest Rates
Last Updated : July 22, 2020, 9:05 p.m.
What makes Muthoot Finance Home Loan work is the customized interest rates it offers to people wanting to buy a home. Muthoot Finance has been providing the home loan facility at the interest rates starting from 12.50% per annum onwards. And Interest rate always comes first when it comes to the factors that one individual must keep in mind before applying for it. The non-banking finance company (NBFC) takes care of this aptly and provides the loan amount at a rate that is most suitable for you. We will be telling you about all the important details about the Muthoot Finance Home Loan interest rate and a few other things also.
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Muthoot Finance Home Loan Interest Rates
From the last 132 years, Muthoot Finance has been providing several kinds of banking facilities to its banking customers in an precise manner. Higher loan amounts, flexible repayment options, longer tenure, and most importantly, affordable interest rates make the Muthoot Finance Home Loan as one of the best in the current market. You can have a look at the other details related to it given below.
| Particular | Details |
|---|---|
| Interest Rates | 12.50% per annum onwards |
| Loan Amount | Upto INR 50 lakh |
| Repayment Period | Maximum of 25 years |
| Processing Fee | Minimum 1.5% of the Total Loan Amount + Applicable Taxes |
| Pre Part-payment Charges | Nil |
| Tax Benefits | Maximum of INR 2 lakh for Interest Payments and INR 1.5 lakh for Principal Repayments |
How does Muthoot Finance Interest Rates impact your EMI amount?
The EMI amount you pay is a combination of the principal and the interest amount. So, your EMI amount can be affected by the Muthoot Finance interest rate. Greater the interest rate, the more the EMI and vice-versa. Moreover, the interest rate depends on various factors such as your age, nature of your employment, your employment history, and most importantly, your CIBIL score . On having a good CIBIL score (considered to 700 or above), you can get a lower rate of interest.
How can you contact to Muthoot Finance Home Loan Customer Care?
You can get in touch with the 24×7 customer care executives by calling them on +91-484-6690-599 / +91-22-3911-0900 / +91-22-3911-0999 or 1800-121-1214 to resolve all your interest rate queries. They will hear your queries patiently and resolve them.