MUTHOOT Personal Loan

Individuals can avail a Muthoot Finance Personal Loan to meet their personal expenses. This could be in the form of a wedding, higher education, pleasure travel, debt consolidation, and so on. Muthoot Finance Personal Loan is available to individuals starting from Rs. 50,000 with an interest rate of 14% p.a. for a tenure of 5 years. Muthoot Finance will be the best choice for you in case if you must go in for a personal loan with minimal interest rate and better tenure options. The best part is that individuals can obtain these personal loans without requiring any collateral or security.

Highlights of Muthoot Personal Loan

Key Features of Muthoot Finance Personal Loan

The following are some of the key features that you can enjoy with the Muthoot Finance Personal Loan. They are:

• Loan Amount: At Muthoot Finance, you can avail of loan amounts starting from Rs. 50,000. They can be used for travel, home renovation, education, medical expenses, and debt consolidation.
• Easy Approvals: Muthoot Finance is recognized for its quick approval process. If your documents are complete and accurate, you can expect to receive your loan approval within one day.
• Flexible Loan Tenure: You can choose a repayment tenure of up to 5 years. This gives you the freedom and the flexibility to select a tenure that aligns with your financial goals.
• Quick Disbursal of Funds: Funds are disbursed within 24 hours of loan approval. This ensures you access the loan amount, especially in tight financial situations.
• Competitive Interest Rates: Muthoot Finance offers loans to individuals at very competitive interest rates, ranging from 14% to 22%.
• Minimal Documentation: The required documentation is minimal, and Muthoot Finance expects you to upload a digital copy of the documents simply.
• No Prepayment Penalty: When you have a good inflow of cash, you can repay your Muthoot Finance Personal Loan without any prepayment penalty.
• Safe and Transparent: The entire personal loan process is safe, secure, and transparent, with no hidden charges.

Muthoot Finance Personal Loan Interest Rates 2025

Muthoot Finance offers personal loans at competitive interest rates starting from 14% to 22% per annum, depending on the applicant’s credit profile, income, and repayment capacity. The rate you receive is influenced by factors such as your Credit score, employment type, monthly income, and loan tenure. Borrowers with a strong credit history and stable income are more likely to get loans at lower interest rates.

Tips to Secure Low Interest Rate

• Maintain a High Credit Score: Aim for a credit score of 750 and above.
• Ensure a Stable Income: Demonstrate consistent and sufficient income.
• Opt for a Shorter Loan Tenure: A shorter loan tenure may result in a lower interest rate.
• Consider Existing Relationship: If you already have a relationship with Muthoot Finance, you are likely to receive an affordable interest rate.

Eligibility Criteria for Muthoot Personal Loan

The following are the list of eligibility criteria for the Muthoot Personal Loan.

• Applicants should be an Indian Citizen
• Age: Must be between 21 and 67 years of age
• Credit Score: 750 and above.

Documents Required for Muthoot Personal Loan

Ther following are the list of documents that are required for the Muthoot Finance Personal Loan. They are:

• Identity Proof: Voters ID card/PAN card/Passport/Aadhar card
• Address Proof: Aadhar card/Voters ID card/Passport/Utility Bills/Rent Agreement
• Income Proof: Latest salary slips for the last 3 months/Income Tax Certificate/Latest Form 16
• Photograph: Latest 2 Photographs
• Salaried Individuals
• Salary Slips: The Last 3 months' salary slips.
• Form 16: Latest Form 16
• Bank Statements: The Last 6 months bank statement
• Self-Employed Individuals
• Last 3 years IT returns
• Business Registration Certificate
• Last 6 Months Bank Statement

How to Apply for Muthoot Finance Personal Loan

The following are the list of steps that needs to be followed while applying for Muthoot Finance Personal Loan. They are:

• Go to Muthoot Finance Official Website
• Select the Services tab.
• Click the Personal Loans section. You will reach the Personal Loans page of Muthoot Finance.
• Click the Apply Now button.
• You need to give your registered mobile number. An OTP will be sent to your registered mobile number.
• Key in the given OTP number. This will lead you to a form.
• Fill in your name, DOB, Email ID, Address, PAN number, Occupation Type, and click the Submit button.
• The team of Muthoot Finance will get in touch with you in the best Personal Loan offer based on your profile.

Fees & Charges of Muthoot Finance Personal Loan

Muthoot Finance Loan Repayment

Loan repayments are a process that takes place after you have taken out a loan. When you repay your loan on time, it will increase your chances of quicker loan approvals. The following are some of the ways that you can repay your loan in full and final. You can:

• Make a Single Bulk Payment: You can enclose the full amount of the loan as a single repayment, or you can pay in installments.
• Make Monthly EMI Payments: Make monthly EMI payments. You can make a fixed monthly payment for a specified period till you repay the full amount.
• Prepay Your Loan: In some situations, you may have a sudden cash inflow and would like to prepay the loan well in advance.
• Make a Partial Payment: You also have the flexibility to make a partial payment for the loan. This is extremely helpful when you miss your on-time EMIs

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Given that this type of data may change over time, we cannot guarantee the accuracy of the information supplied or included within it. It is anticipated that the user will confirm with the relevant source before making any choices or taking any actions.