Muthoot Finance Personal Loan

  • Interest Rate starting from 14%
  • Loan Amount up to Rs.10 lakhs
  • Loan Tenure up to 5 years
  • Processing Fee up to 3.5% of loan amount + GST
Get Muthoot Finance Personal Loan

Muthoot Finance offers personal loans up to Rs.10 lakhs with the requirement of minimum documentation and a quick disbursal of funds. A borrower can avail of a Muthoot Finance personal loan for reasons ranging from medical emergencies, vacations and weddings.

Muthoot Finance Personal Loan Summary
Interest Rate 14% onwards
Loan Amount Up to Rs.10 lakhs
Loan Tenure Up to 5 years
Processing Charges Up to 3.5% of loan amount + GST

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Muthoot Finance Personal Loan Eligibility

To be eligible for a Muthoot Finance Personal Loan,

An Applicant must be:
  • A self-employed individual or a salaried employee of a Public Sector Unit or a reputed institution.
  • Between the ages of 26 and 58 years of age.
  • Earning with a minimum net monthly income of Rs.20,000.

Know how much Muthoot Finance Personal Loan you are eligible for!

Check right away with the Fincity Personal Loan Eligibility Calculator.

Muthoot Finance Personal Loan Interest Rates

Muthoot Finance Personal Loan interest rates range from 14% to 24%. The final interest rate offered to a customer depends on the base rate and the customer’s risk profile.

Note :The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Muthoot Finance Personal Loan Processing Fees & Charges

Here’s a list of the processing and other fees charged by Muthoot Finance when you apply for a Personal Loan.

Particulars Charges
Loan processing charges

Up to 3.50% of the loan amount + GST

Other Charges

To be shared by the lender once application is accepted 

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Muthoot Finance Personal Loan EMI Calculation

Fincity experts highly recommend that you conduct a detailed research of all available personal loan options before shortlisting the best ones. Using the Fincity Personal Loan EMI calculator at this stage will help you compare EMI schedules for each of these options before narrowing down to the most suitable one.

Muthoot Finance Personal Loan Documents Required

Here are the main documents individuals will need while applying for a Muthoot Finance Personal Loan.

  • Proof of Identity: A copy of Passport/ Aadhaar / Voter ID/ Driving License/ PAN Card 
  • Proof of Address: A copy of Aadhaar Card/ Registered Lease Agreement/ Property purchase Agreement/ Utility Bill (not more than 3 months old)/ Passport/ Driving License 
  • Proof of Income: Salary Slip/ Bank Account Statement/ Form 16/ Previous Year ITR/ P&L Statement and Balance Sheet/ Bank Account Statement 
  • Proof of Business: Certificate of Practice/ Partnership Deed/ GST Registration and Filing Documents/ MOA & AOA/ Shop Act License

Note : Required documents must be self-attested and may slightly differ.

Muthoot Finance Personal Loan Scheme Benefits

With Muthoot Finance, borrowers can avail of a flexible loan amount of up to Rs.10 lakhs for up to 5 years. The lender is known for their minimum documentation, and quick loan processing and disbursal.

Want an instant personal loan with 24-hour disbursal and no guarantor requirement?

Get it on Fincity at the lowest rates; reach us at pl@fincity.com and have experts compare and find you the best deal now!