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.

Latest News Updates

Muthoot Finance's Loan Book is Anticipated to Increase by 10–15% in FY24

Muthoot Finance is predicting a growth of almost 10% to 15% in its loan book in the financial year 2023-24. The expectation is in line with the company’s performance in the 4th quarter of the financial year 2023. Registering a gold loan disbursal of a whopping ₹51,850 in the 4th quarter of 2023, Muthoot Finance registered its highest-ever figure. In the 4th quarter, loan growth was recorded at ₹5,051 Crores while the interest that was collected was recorded at ₹2,677 Crores.


With 67 new branch offices in Q4, the company also expects a 15% YoY growth in gold AUM in the financial years 2024 as well as 2025

- May 25, 2023

Muthoot Finance Personal Loan Interest Rates

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.

Muthoot Finance Processing Fees & Charges

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. 

Muthoot Finance Loan: Eligibility Criteria

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)

Muthoot Finance Loan: Documents Required

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

Loan Amount
  • Months
  • Years
Rate of Interest

Your monthly EMI is

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

Do you worry that EMI payments can hamper your monthly budget? Not anymore. Calculate your EMI beforehand with the Personal Loan EMI Calculator provided below and plan your finances better.

Features and Benefits of Muthoot Finance Personal Loan

Following are the features and benefits that you stand to enjoy when you avail of the Muthoot Finance online personal loan: 


  • Loan Amount: Depending on your requirement, you can apply for a Muthoot Finance personal loan, ranging from ₹50,000 to ₹10 Lakhs

  • Competitive Interest Rates: 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

Comparison of Muthoot Finance Personal Loan Interest Rates with Other Partner Lenders

The following table shows the interest rates at which different banks and NBFCs offer personal loans

Name of bank

Rate of interest (onwards)

Axis Bank


Bajaj Finance Limited






Fullerton India










Muthoot Finance


PaySense Partners


YES Bank


Disclaimer: The interest rates in the above table are indicative and might change depending on the bank or NBFC.

Know How Muthoot Personal Loan Can Help You

Muthoot Finance Personal Loan can be used for varied purposes, depending on your requirement. Following are some of the ways in which you can use this loan amount.


  • Travel: The personal loan can be used for travel purposes, booking hotels or any other form of accommodation, buying tickets and even shopping.

  • Home Renovation: You can avail of a personal loan to refurbish your home and give it a complete makeover. Be it upgrading your furniture, adding vibrant colour to your home, or even extending; this loan will cover all your costs.

  • Education: You can use Muthoot Finance personal loan amount to finance education as well. So, it will help you fulfil your dream of letting your child study in esteemed universities of the world.

  • Wedding: Your most special day, i.e., the wedding day, should create a lasting impression, isn’t it? This personal loan will help you do so. From the venue, cuisine, and attire to gifts, this loan will make your wedding day perfect.

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:


  • Online Form Filling: Visit the “Loans” section on Bajaj Markets, click on “Apply for Personal Loan”, and fill the form 

  • Check Your Loan Offer: From the list of personal loan partners, check if you have an offer from Muthoot Finance

  • Specify Personal Loan Details: Enter the Personal Loan amount and repayment tenure as per your choice

  • Approval & Disbursal: Get instant approval on the loan and enjoy quick disbursal

Muthoot Finance Customer Care Details

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

  • ✔️What is the turn-around time for a Muthoot 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.

  • ✔️What are the upper and lower limits for Muthoot Finance personal loans?

    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.

  • ✔️Does Muthoot Finance offer pre-approved personal loans?

    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.

  • ✔️Is there any loan amount use restriction on Muthoot Finance personal loan?

    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.