Avail Instant Personal Loans ✓ Loan up to 25 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Check Eligibility

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. You can enjoy the 100% digital application process on Bajaj Markets which makes applying for the loan even more convenient. Also, benefit from flexible repayment tenures ranging up to 5 years. 

Muthoot Finance Personal Loan Interest Rates and Charges

The Muthoot Finance Personal Loan interest rates start from just 1.20% per month. Here are additional details that you should consider:

Interest Rate

1.20 % p.m. onwards

Processing Fee

2% to 4% of the loan amount

Foreclosure Charges

2% to 6% of the outstanding loan amount 

*Disclaimer: The aforementioned rates and charges are subject to constant change at the lender’s discretion. 

Muthoot Finance Personal Loan EMI Calculator

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Why Choose Muthoot Finance Personal Loan on Bajaj Markets

High Loan Amounts

High Loan Amounts

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

Competitive Interest Rate

Competitive Interest Rate

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

Minimal Documentation

Minimal Documentation

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

No Collateral Required

No Collateral Required

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

Flexible Repayment Tenure

Flexible Repayment Tenure

Repay the loan over tenures ranging from 12 to 60 months

Quick Disbursal

Quick Disbursal

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

Eligibility Criteria and Documents Required

To get this loan, you need to fulfil the following 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)

 

In addition to this, 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 

    1. Passport

    2. Voter ID

    3. Aadhaar card

    4. Driving licence

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

    1. Aadhaar card

    2. Property Purchase Agreement

    3. Registered Lease Agreement

    4. Utility Bill (not more than 3 months old)

    5. Driving licence

    6. Passport

  • Proof of Income: Any one of the following

    1. Bank account statement

    2. Salary certificate

    3. Salary slip

    4. Form 16

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

Muthoot Finance's Customer Support 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.

Are there any restrictions on the use of the amount borrowed through Muthoot Finance Personal Loan?

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.

How to track my Muthoot Finance Personal Loan application status?

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 & 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.

What are the hidden charges I will be required to pay for a Muthoot Finance Personal Loan?

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.

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