Muthoot Finance Personal Loan

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. 

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 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:

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

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. 

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