Muthoot FinCorp Loan Against Property

Borrow up to ₹75 Lakhs and fulfil all your needs with a loan against property (LAP) from Muthoot FinCorp. This loan available on Bajaj Markets, enables you to get amounts of up to 70% of your property’s current market value. Furthermore, you can enjoy flexible repayment tenures of up to 180 months. Also, save on repayment costs with interest rates starting at just 14% p.a. Post-approval the loan amount is usually transferred to your account within 36 hours.

The Muthoot FinCorp Loan Against Property interest rates and charges are as follows:

Here are the basic Muthoot FinCorp Loan Against Property eligibility criteria you need to fulfil:

• Your age should fall under the bracket of 23 to 65 years

• You should be a salaried individual or self-employed professional/non-professional

• You must have a CIBIL Score of at least 700

• The property title should be in your name or the co-borrowers’ name

Alongside this, submit the documents listed below when applying for the loan:

• Identity proof: Any of the following:

  • Driving licence

  • Voter ID

  • PAN card

  • Passport

  • Aadhaar card

• Address proof: Any of the following: 

  • Driving licence

  • Voter ID

  • Passport

  • Aadhaar card

  • Utility bills

• Age proof: Any of the following:

  • Driving licence

  • PAN card

  • Passport

  • Aadhaar card

  • Birth certificate

  • School or college passing certificate

• Business address proof: Any of the following:

  • Utility bills

  • Copy of registered lease

  • Shop and Establishment Certificate

  • Partnership Deed

  • Udyog Aadhaar

  • Bank Statement of the last 3 months old

  • Certificate of Incorporation (COI)

  • Memorandum of Association (MoA)

  • Articles of Association (AoA)

  • Form 32

• Signature proof: Any of the following:

  • PAN card

  • Passport

  • Letter for existing banker on bank’s letterhead

•  Income proof:

  • For salaried: Salary slip of the last 3 months and bank statement of the last 6 months

  • For individuals with cash salary: Salary certificate duly signed by the employer

  • For self-employed: Bank statement, GST return, ITR, Kacha record, sales bills, purchase bill, and ledger

Apply for a LAP from Muthoot FinCorp on Bajaj Markets with these easy steps:

• Click on the ‘Apply Now’ option

• Enter your personal and professional information

• Select ‘Muthoot FinCorp’ from the list of loan providers

• Provide your preferred tenure and required loan amount

• Submit the loan application

Following this, a representative will contact you to further process your application.