Get a Muthoot Finance Personal Loan of up to ₹10 Lakhs with minimal documentation.
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.
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.
Borrow amounts ranging from ₹50,000 to ₹10 Lakhs with this loan
Enjoy interest rates starting from just 14.50% p.a.
To apply for this personal loan, you just need to scan and submit a few essential documents online
You don’t need a guarantor or security to get this personal loan
Repay the loan over tenures ranging from 12 to 60 months
Post the approval of your loan application, you will receive the funds within 5 working days
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
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
You can reach out to Muthoot Finance through any of the following ways:
Address: Muthoot Chambers, Opp Saritha Theatre Complex, Banerji Road, Kochi 682018
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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.
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 & 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.