Loans of up to Rs. 10 Lakhs | Instant Approval | Attractive Interest Rates
Avail Instant Personal Loans ✓ Loan up to 25 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
Need a loan to meet your requirements? Look no further. Muthoot Finance Personal Loan is the perfect solution for you! With a loan offering of up to Rs. 10 Lakhs, you can apply for Personal Loan only at Bajaj Markets.
Muthoot Finance Personal Loan Details |
|
Interest Rate |
14.50% p.a. onwards |
Loan Amount |
₹50,000 to ₹10 Lakhs |
Loan tenure |
Between 12 to 60 months |
Minimum Monthly Income |
₹15,000-25,000 (for those residing in non-metro cities) ₹20,000-30,000 (for those residing in metro cities) |
Disclaimer: The interest rate and charges mentioned in the table above are indicative and subject to change at the lender’s discretion.
As mentioned above, Muthoot Finance provides personal loans at competitive rates, which makes them an attractive option for many. The Muthoot Finance personal loan interest rate starts from as low as 14.50% per annum.
However, when applying for a Muthoot Finance personal loan, compare interest rates from other lenders. This would help you to make an informed decision about which lending option may be the best suited to your financial requirements.
Moreover, note that the interest rates offered on Muthoot Finance personal loans are generally higher than gold loans that the same lender offers.
The following table depicts the processing fees and other charges applicable to Muthoot Finance online personal loans:
Muthoot Finance Processing Fees and Charges |
|
Processing Fee |
2%-4% of the loan amount |
Foreclosure Charges |
2%-6% of the remaining loan amount |
Disclaimer: The processing fees and other charges are subject to change as per Muthoot Finance’s policy changes.
In order to avail of this loan, you need to fulfil the following Muthoot Finance personal loan eligibility requirements:
The applicant must be a salaried employee working in a Public Sector Unit or any reputed organisation
The age of the applicant must be between 23 and 60 years
If residing in a metro city, the minimum net monthly income must be between ₹20,000 – ₹30,000 per month (subject to the employer)
If residing in a non-metro city, the minimum net monthly income must be between ₹15,000 – ₹25,000 per month (subject to the employer)
Here is a list of documents required for a Muthoot Finance personal loan:
PAN Card (Mandatory)
Completely filled out loan application form
Passport Size Photographs
Identity Proof: A copy of Passport/ Voter ID/ Aadhaar / Driving License
Address Proof: A copy of Aadhaar Card/ Property Purchase Agreement/ Registered Lease Agreement/ Utility Bill (not more than 3 months old)/ Driving License/ Passport
Proof of Income: Bank Account Statement/ Salary Certificate/ Salary Slip/ Form 16
- Employment Proof: Letter on company letterhead confirming the employment period of the applicant
Calculate Your EMI
| Year | Principal | Interest | Balance |
|---|
Features and Benefits
Loan Amount
Depending on your requirement, you can apply for a Muthoot Finance personal loan, ranging from ₹50,000 to ₹10 Lakhs
Competitive Interest Rate
You can avail of a Muthoot Finance personal loan at an interest rate starting at 14.5% p.a.
No Rigorous Documentation
To apply for Muthoot Finance personal loan, you just need to submit a few documents and the loan is yours
No Collateral Required
You don’t need a guarantor or security to avail of the personal loan
Flexible Repayment Tenure
The tenure ranges from 12-60 months, and you can choose it as per your suitability, thus reducing the burden of EMI payment significantly
Quick Disbursal
Post the verification of your loan application, you will receive the funds in 5 working days
How to Apply for a Muthoot Finance Personal Loan?
It is very simple to apply for a Muthoot Finance Personal Loan on Bajaj Markets. Here’s how:
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Fill Details: Enter the required details in the application form.
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Choose Partner: From the list of personal loan partners, check if you have an offer from Muthoot Finance.
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Specify Personal Loan Details: Enter the Personal Loan amount and repayment tenure as per your choice
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Approval & Disbursal: Get instant approval on the loan and enjoy quick disbursal
The following table shows the interest rates at which different banks and NBFCs offer personal loans
Lending Partner Name |
Interest Rate Range |
Avail Laon |
30% p.a. Onwards |
||
14% p.a. Onwards |
||
15.95% p.a. Onwards |
||
18% p.a. Onwards |
||
21% p.a. Onwards |
||
15% p.a. Onwards |
||
10.99% p.a. Onwards |
||
11% p.a. Onwards |
||
16% p.a. Onwards |
||
24% p.a. Onwards |
||
14% p.a. Onwards |
||
9.99% p.a. Onwards |
||
2% p.m. Onwards |
||
12% p.a. Onwards |
||
1.5% p.m. Onwards |
||
10.99% p.a. Onwards |
Disclaimer: The interest rates in the above table are indicative and might change depending on the bank or NBFC.
If you require any form of assistance with regards to Muthoot Finance personal loan, you can reach out to them through the following ways:
Email: plcustomersupport@muthootgroup.com, cs@muthootgroup.com
Contact Number: 080-68436919
FAQs About the Muthoot Finance Personal Loan
Several factors, such as your credit score, loan amount, and submitted documents, among other things, determine the turn-around time for Muthoot Finance’s personal loan. Hence, the time taken to approve and disburse the loan varies depending on the requisites.
The upper and lower limits for Muthoot Finance personal loans are different for metro and non-metro locations. Applicants from the metro and non-metro locations can avail of a personal loan ranging from ₹50,000 onwards to ₹ 10 lakh.
Yes, Muthoot Finance pre-approved personal loans are available to existing loan customers. However, the loan is only offered upon the completion of a minimum of 12 EMIs. Thus, the offer is essentially made based on the repayment history of the customer.
No, there is no use restriction on Muthoot Finance personal loans, and you can use them for varied purposes. It means that you can use the loan amount to cover the cost of home renovation, education, travel, wedding, etc.
