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Muthoot Finance Personal Loan

Get a personal loan from Muthoot Finance at interest rates beginning at just 14.50% p.a. via Bajaj Markets. Learn more about the application process, eligibility, documentation, and more.

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Starting Interest Rate

14.50% p.a.*
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Max. Loan Amount

₹10 Lakhs
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Max. Tenure

5 Years

The Muthoot Finance Personal Loan, available on Bajaj Markets, is a viable solution to fulfil your monetary needs. Borrow amounts of up to ₹10 Lakhs with minimal documentation. Enjoy the 100% digital application process on Bajaj Markets, making the loan application even more convenient. Additionally, benefit from flexible repayment tenures of up to 5 years.

Muthoot Finance Personal Loan Highlights

This table outlines the main figures for Muthoot Finance Personal Loan, such as applicable interest rates, available loan amounts, and repayment tenures:

Particulars
Details

Interest Rate

Starting at 14.50% p.a.

Maximum Tenure

60 months

Minimum Loan Amount

₹50,000

Maximum Loan Amount

₹10,00,000

Disbursal Time

within 5 working days

*Disclaimer: The mentioned details are subject to change at the lender's discretion.

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Muthoot Finance Personal Loan Other Fees and Charges

Muthoot Finance applies certain fees during the loan process. Go through the following charges to understand the total cost of borrowing:

Particulars

Details

Processing fee

2% to 4% of the loan amount

Foreclosure Charges

2% to 6% of the outstanding loan amount

*Disclaimer: The mentioned charges are subject to change at the lender's discretion.

Eligibility Criteria for Muthoot Finance Personal Loan

To apply for the loan, you need to fulfil the following Muthoot Finance Personal Loan eligibility criteria:

  • You must be a salaried employee working in a Public Sector Unit (PSU) or any reputed organisation

  • Your age 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)

Documents Required for Muthoot Finance Personal Loan

Once you meet the eligibility requirements, you’ll need to provide certain documents. Keep the following paperwork ready when applying for an Muthoot Finance Personal Loan.

Here is a list of documents required during the application process for this loan: 

  • PAN card (Mandatory)

  • Duly filled loan application form

  • Passport-size photographs

  • Identity Proof: A copy of any one of the following

    • Passport

    • Voter ID

    • Aadhaar card

    • Driving licence

  • Address Proof: A copy of any one of the following

    • Aadhaar card

    • Property Purchase Agreement

    • Registered Lease Agreement

    • Utility Bill (not more than 3 months old)

    • Driving licence

    • Passport

  • Proof of Income: Any one of the following

    • Bank account statement

    • Salary certificate

    • Salary slip

    • Form 16

  • Employment Proof: Letter from the company confirming your employment period

How to Apply for Muthoot Finance Personal Loan on Bajaj Markets

To apply for an Muthoot Finance Personal Loan through Bajaj Markets, follow the steps below:

  • Click on the ‘Apply Now’ button to begin

  • Enter your personal and work-related details

  • Select ‘Muthoot Finance’ from the lender list

  • Choose your loan amount and repayment duration

  • Complete and submit the form

  • After verification, a representative from the team will contact you for the next steps.

Why opt for Muthoot Finance Personal Loan via Bajaj Markets

High Loan Amounts

Borrow amounts ranging from ₹50,000 to ₹10 Lakhs with this loan.

Competitive Interest Rate

Enjoy interest rates starting from just 14.50% p.a.

Minimal Documentation

To apply for this personal loan, you just need to scan and submit a few essential documents online.

No Collateral Required

You don’t need a guarantor or security to get this personal loan.

Flexible Repayment Tenure

Repay the loan over tenures ranging from 12 to 60 months.

Quick Disbursal

Post the approval of your loan application, you will receive the funds within 5 working days.

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Muthoot Finance Personal Loan Customer Care Details

You can reach out to Muthoot Finance through any of the following ways:

  • Address: Muthoot Chambers, Opp Saritha Theatre Complex, Banerji Road, Kochi 682018

  • Toll-free number: 1800 313 1212 (for East, West, and North India) or 99469 01212 (for South India)

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

How much can I borrow with a Muthoot Finance Personal Loan?

You can borrow amounts ranging from ₹50,000 onwards to ₹10 Lakhs with the help of these personal loans.

No, there is no restriction on the usage of a Muthoot Finance Personal Loan. You can use the loan amount to cover the cost of home renovation, education, travel, weddings, and much more.

Monitor the status of your personal loan application by visiting Muthoot Finance’s official website. To track your application online, provide the following details in the form provided:

  • Full Name of the applicant

  • Registered mobile number

  • Applicant's date of birth and PAN Card

  • Loan reference or registration number, if applicable

  • Any other unique number provided by the bank

If online tracking is not feasible, you can also check your personal loan status offline. Contact customer service or visit the branch directly for updates on your loan application.

You will be required to pay a processing fee ranging from 2% to 4% of the loan amount. Also, if you opt to foreclose your loan, you will be asked to pay a charge of 2% to 6% of the loan amount. Ensure you have a good CIBIL score to improve your chances of getting a concession on the additional charges.

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