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Muthoot Finance Personal Loan

for you in Just one Click

Muthoot Finance is one of the leading finance companies offering personal loans to their valued customers. The company was established in the year 1939 and has been offering efficient services to its clients ever since then. The company has Branch Offices all across India which enable them to reach out to more and more customers in no time. Their team of employees works hard to provide their customers with one of the finest financial solutions at an affordable cost. By availing of a personal loan from Muthoot Finance, one can solve all his financial problems so easily with hassle-free processes. 

Here are a few factors about Muthoot Finance Personal Loan

Mode of Process

Online 

Location 

PAN India

Lending Size and Tenure 

1 Lac-10 Lac (12M to 60M)

ROI

13.75%-25%

ROI (Fixed/Reducing)

Fixed

Processing Fees

2.50%-3.5%

Foreclosure

After 9 month As per policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

Negative Profile for Muthoot Finance Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Jewellers

Hotel

MCD 4th Grade Employee

Aviation

Real Estate

NGO

Mandir/Masjid/

Gurudwara/Church

Company which are in Liquidation or in BIFR

NRI

Minus 1 CIBIL

Proprietorship Firm Employee

Partnership Firm Employee

 

Eligibility 

Documents Required 

  • The age of the applicant should be between 23 to 60
  • The min. salary of the applicant should be Cat A/B/Govt 20K, Rest 25K
  • The min. employment should be 6 months of continuous salary 
  • Minimum CIBIL score has to be 705

 
  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 3 Month Salary Bank Statement in PDF
  • Last 3 Month Salary Slip if Salary is received by Cheque
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Copy of Cancel Cheque of Salary Account or Passbook front page

FAQ

A personal loan is an unsecured loan that you can get from a bank or financial organization to help you meet your financial obligations.

When you need credit, you apply for a loan. The lender verifies and accepts your personal loan application when you submit it to them. The loan money is then transferred to your bank account. You must reimburse the lender via EMIs for the duration of the loan repayment period after receiving the loan amount.

Keeping the right rate of interest in mind while applying for a personal loan is an important step, however, there are a few factors that could affect your ROI such as income, nature of employment, and employer detail.

Your amount will be disbursed as soon as your documents will get verified. The whole process will take around 3-7 days.

You can pay your loan EMIs online through Net Banking, Mobile Banking App, or UPI Apps.

Muthoot Finance Personal Loan by Banks

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