Muthoot Loan Against Property Details 2024

ProductScheme for granting loans to landlords of Muthoot Finance branch offices against the rent payable to them.
EligibilityLandlords of premises let out to Muthoot Finance branches all over the country
Quantum of finance

Minimum - 1 Lakh

Maximum - 30 Lakhs

Muthoot Finance sanctions higher amounts depending on the merits of the case.

Repayment tenure20 Years
Rate of interest
  • Deposit original title documents of the property with Muthoot Finance - 14.50%
  • Deposit the copy of the title deeds of the property - 19%
SecurityMuthoot Finance does not insist on the creation of the equitable mortgage. Depositing the original or copy of the title deeds of the property is enough.
Processing fee2.5% of the loan amount plus applicable GST
  • By way of EMI spread over a maximum of 60 months
  • Muthoot Finance deducts the EMI from the rent payable to the landlord and recovers the instalment.
  • Application form completed in all respects
  • Request letter from the landlord
  • Copy of the title deeds
Turnaround timeMaximum of 2 days

Apply for IDFC Loan Against Property

Compare Loan Against Property Interest Rates for Top Banks

Below is the comparison of Muthoot Finance Mortgage Loan Interest Rate with loan interest rates of other lenders. You can compare the interest rate offered by different lenders to choose the best option:

Name of the LenderInterest Rate (% p.a.)
Muthoot Finance14.50% - 16.50%
State Bank of India10.10% - 11.65%
LIC Housing Finance9.70% - 11.55%
IDFC First Bank9.00% - 20.00%
Federal Bank12.60%
Home First 12.80% - 18.50%
HDFC Bank9.50% - 11.00%
Kotak Mahindra Bank9.15% - 10.50%
PNB Housing Finance9.25% - 12.45%
Bank of Baroda10.85% - 16.50%
ICICI Bank10.85% - 12.50%
Tata Capital10.10%
Bajaj Housing Finance9% - 14%

Muthoot Finance Loan Against Property Features & Benefits

Muthoot Fincorp Loan Against Property can be used for all personal as well business financial needs, such as children’s education/ marriage, property purchase, business expansion, etc. 

  • You can avail of a maximum of up to Rs. 20 Lakhs as loan amount.
  • Maximum tenure for Muthoot LAP can go up to 20 years.
  • Disbursement of loan is done in Equated Monthly Installments (EMI) - Monthly Rest Basis.
  • The loan is available to Indian Residents only. 
  • Muthoot Loan Against Property Interest Rate
     vary between 14.50% to 16.50% p.a.
  • The processing fee for LIC LAP is 2.50% of the loan amount plus applicable service tax.

Muthoot Finance Property Loan Eligibility

  • The Loan Against Property is available to landlords who have let out their property to Muthoot Finance.
  • The landlord should agree to pay the EMI by way of a deduction from the rent amount payable by Muthoot Finance.
  • The landlord should agree to deposit the original or the copies of the title deeds with Muthoot. In the case of deposit the copies of the documents, the muthoot mortgage loan interest rate applicable is 14.50% per annum, 1% more than the standard rate.
  • The borrower must meet the income criteria to qualify for the Loan Against Property

Muthoot Finance Loan Against Property Documents Required

Here is a checklist of Loan Against Property Documents Required for Muthoot Finance LAP:

  1. Identity proof:
  • Passport
  • Driving license
  • PAN card
  • Aadhar card
  • Voter ID card
  1. Income proof:

For salaried:

  • Last two-month salary slips
  • Form 16 for the latest financial year
  • Income tax returns for the latest financial year
  • Last five months bank statements reflecting salary and rental income credit as applicable.
  • For retired applicants, pension certificate is required.

For professionals:

  • Income tax returns & audited financials for the last 3 years
  • GST returns
  • Profit and loss account & balance sheet for 3 years
  • Bank statement of the firm for the last six months
  1. Age proof:
  • School Leaving Certificate
  • LIC policy
  • Birth certificate, passport, or PAN card
  • Domicile certificate
  • For government or PSU, employee ID is required
  1. Address proof:
  • Driving license, Passport, or Voter ID card
  • Utility bills for the last 3 months
  • Rent agreement
  • Bank passbook
  • Property sale deed (for non-salaried professionals or business persons.

Muthoot Finance Loan Against Property EMI Calculator

You can use the Muthoot Finance Loan against Property EMI calculator available on our portal to know your EMI outgo before applying for the loan. To use the our Loan Against Property EMI calculator, follow the steps given below:

  • Open the ‘Loan Against Property EMI Calculator’ available under the ‘Financial Tools’ tab.
  • Enter the required loan amount, interest rate, and tenure (in years).
  • As soon as you select the above details, the calculator will display the monthly EMI, total interest, and total payment.

Below is an example using our mortgage loan EMI calculator: 


  • Loan amount to be availed: Rs. 30 Lakhs
  • Interest rate: 14.50% p.a.
  • Loan tenure opted: 20 years


  • Monthly EMI: Rs. 38,400
  • Total interest: 62,15,984
  • Total Payments: Rs. 92,15,984

How to Avail Muthoot Finance Mortgage Loan

Landlords of premises let out to Muthoot Finance can take advantage of this facility of Loan Against Property to satisfy their business and individual requirements. The easiest way to apply for this loan is to approach the branch office of Muthoot Finance and apply in person or you can apply through mymoneymantra.com. 

How to apply through MyMoneyMantra?

  • Visit the official website of MyMoneyMantra and select the option, 'Loan Against Property'
  • Enter the purpose of the loan by selecting the option from the drop down menu
  • Enter the loan amount you are looking for
  • Provide details of the market value of the property
  • Provide details about the location of the property and your occupation and income.
  • Enter your name and the city where you reside
  • Provide your email address and mobile number

MyMoneyMantra.com will send you an OTP for verification purposes. Enter the OTP and access the comparison page. MyMoneyMantra offers the facility to compare different products on a single page. Select Muthoot Finance as your preferred lender and proceed to complete the application. MyMoneyMantra officials are available to guide you through the entire process.

Muthoot Finance - Other Products

Apart from the Muthoot Finance Mortgage Loan offers various other facilities:

ProductCharacteristics In Brief
Soch BadaliyeBusiness expansion, take dealership, build a new showroom, and increase your stock - Overdraft facility available.
Aagey BadhiyeUnique Gold Loan scheme @ 1% per month
Taking India ForwardReach the unserved and underserved segment of the Indian population with an array of services.
Gold LoanLoan against gold jewellery
Gold CoinSale of gold coins of the maximum purity
Money TransferMoney transfer service, international, domestic, and Indo-Nepal transfer
Foreign ExchangeBuy and sell foreign currency, sale of travel cards, outward remittances and inward money transfers.
Travel JangoIATA accredited travel agency services
Insurance ServicesVarious insurance solutions like Money back policy, health insurance, smart kid policy, Pension plans, and so on.
ATM FacilityProvide White label ATM services
PAN CardApply for a PAN Card from any of Muthoot Finance branches
Mutual FundsInvest in shares through Muthoot Finance mutual funds
Personal LoanPersonal loans to meet your individual and business requirements
Muthoot iWillWrite your will online through Muthoot Securities, a subsidiary of Muthoot Finance.
Housing FinancePurchase, construct your house with financial assistance from Muthoot Homefin, a housing loan subsidiary.
Digital & CashlessServices like Aadhar enabled e-KYC, iMuthoot app, pre-paid Visa Card, and so on
MicrofinanceFinance business needs of the underserved population through Belstar Microfinance, a Muthoot Finance subsidiary.

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Pre-Approved Loan Against Property @9% p.a 

Up to Rs. 5 Crore loan against property can be availed by Salaried and self-employed applicants online as well as offline. The LAP can be used for applied for business expansion, long term working capital, debt consolidation, equipment purchase, medical exigency, education/ marriage of children, holiday and much more. Higher loan amounts are available for select customers.

Muthoot Finance Loan Against Property FAQs

Is the Muthoot Finance Loan Against Property available for all customers?


No, the Muthoot Finance LAP is a unique product that is available only to landlords who have let out their property to Muthoot Finance.

What is unique about the Muthoot Finance LAP?


Muthoot Finance LAP is probably the only Loan Against Property facility that does not stipulate the creation of equitable mortgage of property. The borrower can deposit the original title deeds and pay interest @ 18% per annum. Alternatively, he/she can deposit the photocopies of the title deeds and pay interest @ 19% per annum.

How does the company agree to the waiver of the creation of equitable mortgage?


The Loan Against Property is available only to landlords who have let out their property to Muthoot Finance. The company ensures that the EMI is less than the monthly rent they pay to the landlord. It enables them to deduct the EMI from the rent payable and recover the instalment. Therefore, there is no default.

Can the landlord offer any other property to Muthoot for availing the Loan Against Property?


No, the landlord cannot offer any other property. Muthoot Finance accepts only the property that it occupies. In that way, it ensures to deduct the EMI when paying the rent every month.

What is the maximum amount of loan available in this product?


Muthoot Finance offers a maximum amount of 10 Lakhs against the property. There are options to provide higher amounts in deserving cases.

Should the borrower submit KYC documents at the time of applying for the Loan Against Property?


Muthoot Finance offers the facility of Loan Against Property to landlords of the premises they occupy. Therefore, they have already done KYC. Thus, the landlords need not submit KYC documents again.

Is it necessary to carry out the title search and valuation?


Yes, Muthoot Finance carries out the title search and valuation to ensure that they adhere to the LTV ratio.

What is the maximum tenure for the Loan Against Property?


The maximum repayment tenure for the Loan Against Property is 60 months. However, if the residual lease period is less than 60 months, Muthoot Finance stipulates the repayment tenure accordingly.

What is the purpose for which the Loan Against Property is available?


The Loan Against Property is available for meeting individual and business emergencies. The purpose can range from catering to medical expenses, education, and marriage expenses, and so on. On the business front, this loan is available for meeting working capital requirements and for purchasing business assets.

Can the applicant apply for the loan in joint names?


If the property is in joint names, there has to be a co-applicant. Otherwise, the applicant cannot do so in joint names.

Does Muthoot Finance Provide Loan Against Property?


Yes. A loan against property is a secured loan. It is one of the best credit alternatives during any financial crisis as it is available at affordable interest rates and processing fees as compared to unsecured loans. Also, the repayment tenure is much longer.