Muthoot Homefin Home Loan Interest Rate — 16th September 2026

Q: What home loan interest rate does Muthoot Homefin charge?

Muthoot Homefin publishes home loan rates from 12.25% to 15.00% , read from its own rate page on 16 September 2026. Muthoot Homefin doesn’t publish an effective date for it. The rate you’re offered depends on Muthoot Homefin’s assessment of your application.

Q: What is the maximum tenure of a Muthoot Homefin home loan?

Muthoot Homefin publishes a maximum term of 20 years . On ₹10 lakh at 12.25%, stretching to the full term costs ₹11,186 a month, against ₹12,163 over 15 years.

Q: What is the EMI on a ₹10 lakh home loan from Muthoot Homefin?

At 12.25%, ₹10 lakh costs ₹11,186 a month over 20 years, or ₹12,163 over 15 years. At the top of Muthoot Homefin’s range, 15.00%, the 20-year EMI is ₹13,168.

Housing finance company

Muthoot Homefin publishes home loan interest rates from 12.25% to 15.00%. Below is its rate card exactly as it appears on Muthoot Homefin’s own website, what that card says about who gets the best rate, and what the numbers come to as a monthly EMI.

Starting rate

12.25%

Top of published range

15.00%

Benchmark

Not stated

Effective from

Not published

Read from Muthoot Homefin’s own website on 16 September 2026. Source and method

Muthoot Homefin home loan interest rate card

By borrower profile

Profile	Rate
Formal salaried	12.25%
Formal self-employed (SENP / SEP)	13.50%
Informal self-employed (SENP)	14.50%
Informal salaried	15.00%
Top-up	Primary loan rate + 1.50%, or 13.25%, whichever is higher
Housing loans issued, June 2026 quarter — min / weighted avg / mean / max	11.25% / 12.99% / 13.15% / 18.00%

The last row is a disclosure of rates on loans actually contracted.

What Muthoot Homefin’s interest rate card tells you

Muthoot Homefin prices on whether your income is formal or informal, and the gap is large. A formally salaried borrower pays 12.25%; a salaried borrower paid informally pays 15.00%, 2.75% more. Among the self-employed the gap is narrower: 13.50% formal, 14.50% informal — which means an informally paid employee pays more than an informally run business. Loans Muthoot actually issued in the June 2026 quarter averaged 12.99% on a weighted basis. A top-up costs your existing rate plus 1.50%, or 13.25%, whichever is higher.

Ranked by published starting rate, Muthoot Homefin comes 46th of 48 — 16th within the 18 housing finance companies we track. Muthoot Homefin doesn’t price off the RBI repo rate directly: its rates move with an internal benchmark it sets, so a repo cut reaches its borrowers only if Muthoot Homefin chooses to pass it on. For scale, its starting rate is 7.00 points above the repo rate of 5.25%. On a ₹10 lakh loan over 20 years, the two ends of Muthoot Homefin’s range are ₹1,982 a month apart.

EMI at Muthoot Homefin’s home loan interest rate

EMI at 12.25%, Muthoot Homefin’s published floor. Where a loan size has its own guide on BankCreds, the amount links to it.

Loan amount	10 years	15 years	20 years	20 yrs at 15.00%
₹8 lakh	₹11,594	₹9,730	₹8,949	₹10,534
₹15 lakh	₹21,738	₹18,244	₹16,778	₹19,752
₹20 lakh	₹28,984	₹24,326	₹22,371	₹26,336
₹35 lakh	₹50,722	₹42,570	₹39,150	₹46,088

Reducing-balance EMI, before processing fees and insurance. Run your own numbers →

Muthoot Homefin against lenders priced nearby

The four lenders whose published starting rates sit closest to Muthoot Homefin’s, with the EMI each floor produces on ₹10 lakh over 20 years.

Lender	Published rate	EMI, ₹10 lakh / 20 yrs	vs Muthoot Homefin
Sundaram Home Finance Housing finance company	10.65% onwards	₹10,085	−₹1,101/mo
Aadhar Housing Finance Housing finance company	11.75% – 17.00%	₹10,837	−₹349/mo
Muthoot Homefin Housing finance company	12.25% – 15.00%	₹11,186	—
Vastu Housing Finance Housing finance company	12.50% – 19.50%	₹11,361	+₹175/mo
Aptus Value Housing Finance Housing finance company	14.00% – 15.50%	₹12,435	+₹1,249/mo

All 48 lenders → Filter and compare → Lowest rates →

How to land near the bottom of Muthoot Homefin’s range

If you’re salaried but paid informally, having your salary paid into a bank account with a written employment letter could move you from Muthoot’s 15.00% informal rate toward its 12.25% formal rate.
On a card that prices formal and informal income differently, anything that makes your income formal is worth doing before you apply — salary paid into a bank account, regular tax filing, a written employment letter.
A bigger down payment helps at almost every lender: it lowers the loan-to-value ratio and the loan size at once, and both feed into pricing.

Muthoot Homefin home loan fees and charges

Processing fee	Administrative fees of up to 3.5% of the loan amount. ₹5,000 plus GST is paid with the application; non-refundable. On a ₹10 lakh loan, that comes to at most ₹35,000, before GST.
Prepayment and foreclosure	For loans sanctioned from 1 September 2026: none on floating rates; on fixed rates, none from your own funds and 5% otherwise.
Switching between fixed and floating	0.50% of the outstanding
Late payment	24% a year on the overdue amount

Source: Muthoot Homefin’s own schedule of charges, read on 16 September 2026: https://www.muthoothomefin.com/public/uploads/MITC/themostimportanttermsandconditionsmitc_1788345404_Revised-MHIL-Operations-MITC-Changes.pdf

Who Muthoot Homefin lends to

Who can apply	Salaried borrowers, self-employed professionals and business owners. NRIs apply under a separate product.
Longest term	20 years
Loan amount	Up to ₹30 lakh to buy a home, at up to 90% of its value

Source: Muthoot Homefin’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://www.muthoothomefin.com/purchase-of-home-from-developers-authority

Muthoot Homefin home loan interest rate — common questions

What home loan interest rate does Muthoot Homefin charge?

Muthoot Homefin publishes home loan rates from 12.25% to 15.00%, read from its own rate page on 16 September 2026. Muthoot Homefin doesn’t publish an effective date for it. The rate you’re offered depends on Muthoot Homefin’s assessment of your application.

What is Muthoot Homefin’s home loan processing fee?

Administrative fees of up to 3.5% of the loan amount. ₹5,000 plus GST is paid with the application; non-refundable. On a ₹10 lakh loan, that comes to at most ₹35,000, before GST.

What is the maximum tenure of a Muthoot Homefin home loan?

Muthoot Homefin publishes a maximum term of 20 years. On ₹10 lakh at 12.25%, stretching to the full term costs ₹11,186 a month, against ₹12,163 over 15 years.

How does Muthoot Homefin decide which rate I get?

Muthoot Homefin publishes its rates by borrower profile. For example — Formal salaried: 12.25%; Formal self-employed (SENP / SEP): 13.50%; Informal self-employed (SENP): 14.50%. The full card is reproduced above.

What is the EMI on a ₹10 lakh home loan from Muthoot Homefin?

At 12.25%, ₹10 lakh costs ₹11,186 a month over 20 years, or ₹12,163 over 15 years. At the top of Muthoot Homefin’s range, 15.00%, the 20-year EMI is ₹13,168.

Is Muthoot Homefin’s home loan interest rate fixed or floating?

The home loan interest rate Muthoot Homefin publishes is floating. Muthoot Homefin’s rate page doesn’t state a benchmark figure. Floating home loans in India are generally linked to an external or internal benchmark, so ask Muthoot Homefin which one applies to your loan and what spread it adds.

How does Muthoot Homefin compare with Vastu Housing Finance?

Vastu Housing Finance publishes home loans from 12.50%, against 12.25% at Muthoot Homefin — 0.25 points higher. On ₹10 lakh over 20 years that’s ₹175 a month at those rates. Compare the full rate cards and get a written quote from each before deciding.

Where these figures come from

Source: Muthoot Homefin’s own interest rate page, read by BankCreds on 16 September 2026: https://www.muthoothomefin.com/loan-informations/?value=interestrate#interestrate

Muthoot Homefin publishes no effective date for this rate, so we don’t show one.

Our record of Muthoot Homefin’s rates starts on 16 September 2026; later changes will appear here when we find them. Muthoot Homefin’s fees and eligibility on this page were read from Muthoot Homefin’s own documents, and each section links to where.

Rates are what Muthoot Homefin publishes, not an offer: the rate you’re quoted is set by Muthoot Homefin after it assesses your application. How we collect and check rates →