Muthoot Finance Personal Loan

Below are the key Muthoot Finance loan details:

• Secured/unsecured personal loans up to ₹20 Lakhs are available to individuals for meeting any financial purposes.
• Muthoot personal loan interest rate starts from 13.5% p.a. and is fixed on the basis of various factors like risk assessment, cost of funds, cost of operations, types of schemes, categories of borrowers, etc. 
• Processing charges vary between 2% to 4% of the loan amount.
• The loan is sanctioned as a Demand Loan, repayable on demand for a maximum tenure of 60 months.
• Repayment can be made through monthly EMI via NACH mandate, with the amount credited to a dedicated account. 
• Immediate funds with minimal documentation, quick processing time and instant disbursal to the customer’s bank account. 
• The Muthoot Finance personal loan EMI calculator can be used to easily calculate the EMI to be paid even before you apply for the personal loan online.

Muthoot personal loan interest rate starts from 13.5% per annum. The rate is fixed on the basis of various factors like risk assessment, cost of funds, cost of operations, types of schemes, categories of borrowers, and so on. Apart from the interest rate, a processing fee of 2% to 4% of the loan amount is also charged.

Below is the comparison table for the Muthoot Finance personal loan with other app-based personal loans:

Below is the detailed Muthoot personal loan eligibility criteria:

• Muthoot personal loans are available for salaried employees of Public Sector units or other reputed institutions, wholesale and retail traders, and self-employed professionals (such as allopathic doctors, chartered accountants, company secretaries, architects, etc.) are eligible
• Other individuals can also avail of Muthoot Finance personal loans if they provide 100% collateral security in the form of NSCs, LIC policies, RBI bonds, or any other tangible security.
• The minimum age requirement is at least 18 years.
• Individuals must meet the requirement for minimum service years at the same organisation.
• An individual’s CIBIL score should ideally be 750 or above.
• The loan can be availed for any genuine personal purpose. 
• Employees of Muthoot Finance and all other Muthoot Group divisions with a minimum service of 5 years are also eligible for these loans with some conditions.

If you meet the above-mentioned eligibility criteria for a Muthoot personal loan apply online instantly with the following documents:

• Personal loan application form
• Loan agreement
• Any officially valid documents for KYC completion
• Demand Promissory Note (DPN)/ Agreement 
• DP Note Delivery Letter
• Postdated cheque 
• Acknowledgement letter
• Request for disbursal of loan amount
• NACH mandate
• Salary certificate for salaried persons and Income Tax Returns for the last 3 years for others 
• Identity proof like Aadhaar Card, Voter ID Card, or Driving License
• Address proof like Aadhaar Card, Passport, Utility Bills, or Voter ID Card
• Bank Statement of the previous 3 months or Passbook of the previous 6 months
• 3 latest salary slips (mandatory)
• Self-employed persons have to submit certain documents related to their business, like proof of residence ownership, proof of office address and ownership, proof of business existence, and income proof

*Any other additional documents as per the decisions of the sanctioning authority will be insisted upon.

• Visit the official website or download the mobile app of Muthoot Finance.
• Fill the application form by entering your basic details, including your name, mobile number, desired loan amount, and purpose.
• Verify your mobile number by entering the OTP received on your registered mobile number for verification.
• Fill out the detailed application form with personal and employment information to assess your loan eligibility.
• Submit scanned copies of all the necessary documents online, such as identity proof, address proof, and income proof.
• Muthoot Finance will verify your documents to evaluate your creditworthiness.
• Once your application is approved by the lender, the loan amount will be disbursed to your bank account shortly.

Below are the Muthoot Finance personal loan customer care details:

• Customer Support Number: 1800 203 9039 (Monday to Friday, from 10 AM to 6 PM)
• Sales Support Number: 8767017711 (Missed Call)
• Email ID: plcustomersupport@muthootgroup.com
• Branch Timings: Monday to Saturday, from 9:30 AM to 6 PM
• WhatsApp: +91-7558077666