Muthoot Fincorp

Product Overview

Muthoot FinCorp Personal Loan is designed to help individuals meet their financial needs such as medical emergencies, education expenses, travel, home renovation, debt consolidation, and other personal requirements. The loan offers quick approval, minimal documentation, and flexible repayment options.

Eligibility Criteria

✔️ Applicant must be an Indian resident.

✔️ Age: 21 to 60 Years.

✔️ Salaried or Self-Employed Individual.

✔️ Stable Source of Income.

✔️ Good CIBIL Score (750+ preferred).

✔️ Must satisfy Muthoot FinCorp's internal credit assessment criteria.

Features and Benefits

✔️ Loan Amount: Up to ₹10 Lakh (subject to eligibility).

✔️ Interest Rates: Starting from 14.5% p.a. onwards.

✔️ Flexible Repayment Tenure: 12 to 60 Months.

✔️ Quick Loan Approval & Fast Disbursal.

✔️ Minimal Documentation Process.

✔️ Available for Salaried & Self-Employed Individuals.

✔️ No Collateral Required for Eligible Applicants.

✔️ Online Application Facility Available.

Fees & Charges

✔️ Interest Rate: Starting from 14.5% p.a.

✔️ Processing Fee: As per company policy.

✔️ Loan Tenure: Up to 60 Months.

✔️ Prepayment / Foreclosure Charges: As applicable.

✔️ Penal Charges: Applicable on delayed payments.

✔️ Other Charges: As per prevailing Muthoot FinCorp guidelines.

Documents Required

✔️ PAN Card

✔️ Aadhaar Card / Passport / Driving Licence

✔️ Address Proof

✔️ Income Proof (Salary Slips / ITR)

✔️ Bank Statements (Last 3–6 Months)

✔️ Passport-size Photograph

✔️ Employment / Business Proof (if applicable)

FAQs

Q1. What is the maximum loan amount available under Muthoot FinCorp Personal Loan?

Ans. Eligible applicants can avail a personal loan of up to ₹10 lakh depending on income and repayment capacity.

Q2. What is the interest rate on Muthoot FinCorp Personal Loan?

Ans. Interest rates start from 14.5% per annum and may vary based on eligibility and credit profile.

Q3. What is the repayment tenure available?

Ans. Loan tenure ranges from 12 months to 60 months.

Q4. Is collateral required for the loan?

Ans. Generally, personal loans are unsecured and do not require collateral for eligible applicants.

Q5. Who can apply for Muthoot FinCorp Personal Loan?

Ans. Salaried and self-employed individuals meeting the eligibility criteria can apply.

Terms & Conditions

✔️ Loan approval is subject to eligibility and credit assessment.

✔️ Interest rates may vary depending on applicant profile and repayment capacity.

✔️ Additional charges, penalties, and foreclosure fees may apply as per company policy.

✔️ Documentation requirements may vary depending on applicant category.

✔️ Terms and conditions are subject to change without prior notice.