Description
If you are trying hard for a personal loan assistance, then Muthoot finance may be your desired stop. The NFBC is tried and tested name in the finance segment. The organization provides collateral free business loans up to Rs 15 lakh with a lucrative interest rate.
Muthoot Finance Personal Loan - Features and Benefits
- Higher loan amount: Muthoot Finance provides higher loan amount which means you can fund any emergency need with the personal loan.
- Quick loan disbursal: Once a borrower gets a nod from the Muthoot Finance for loan approval, the disbursal becomes too easy. As soon as the borrower uploads the necessary documents, he can get quick disbursal.
- Minimal documentation: The biggest with so many lenders is that ask for too many documents, hence the loan application becomes complicated. On the other hand, Muthoot Finance just ask for few documents like income proof, address proof, and identity proof.
- Flexible repayment options: By opting for a Muthoot Finance personal loan, a borrower can choose a flexible tenure for the loan repayment. They offer a tenure up to 60 months which means you can plan your repayment conveniently.
Muthoot Finance Personal Loan - Interest Rate 2021
|
Particulars |
Details |
|
Principal loan amount |
Rs 50,000 to Rs 10,00,000 |
|
Interest rate |
14% to 24% |
|
Processing fee |
2.5% to 3.5% |
|
Repayment tenure |
12 months to 60 months |
Muthoot Finance Personal Loan - Eligibility Criteria
- Any salaried or self-employed person can avail the benefits of Muthoot Finance personal loan
- A borrower between the age of 26 and 58 years can avail this loan.
Muthoot Finance Personal Loan EMI Calculator
You can take the benefit of EMI calculator to calculate the EMIs, total interest rate, and total amount without applying for the loan. This tool is free and simple tool which helps you to plan your repayment in a great manner.
How to apply for Muthoot Finance Personal Loan?
By visiting the official website:
- Visit the official website
- Choose loan category
- Enter your details
- Compare other lenders
- Choose ‘Muthoot Finance’ as the lender.
Afinoz Mobile application:
- Download the Afinoz App from Google Play Store
- Select loan category as ‘personal loan’.
- Enter your details
- Compare other lenders
- Choose ‘Muthoot Finance’ as the lender.
Compare Muthoot Finance Personal Loan VS Other Lenders
|
Details |
Muthoot Finance |
|||||
|
Interest Rate |
14% |
11.49% to 17.49% |
11.25% to 21.50% |
10.99% |
11.50% to 19.25% |
12.99% |
|
Processing Fee |
2.5% to 3.5% |
Up to 2% of loan amount plus GST |
Up to 2.50% of the loan amount |
Up to 3% of the loan amount |
Up to 2.25% of the loan amount plus GST |
Up to 3.99% of the loan amount |
|
Loan Amount |
Rs 50,000 to Rs 15 lakh |
Rs 50,000 to Rs 15 lakh |
Up to Rs 40 lakh |
Up to Rs 30 lakh |
Up to Rs 20 lakh |
Up to Rs 25 lakh |
|
Tenure |
12 to 60 months |
12 to 60 months |
12 to 60 months |
12 to 60 months |
12 to 60 months |
12 to 60 months |
Muthoot Finance Personal Loan Customer Care Number
You can reach to Muthoot Finance customer care by calling at the following numbers
|
South India |
99469 01212 |
|
Gujrat and Maharashtra |
8000451451 |
|
Rest of India |
1800 313 1212 |
➤ FAQs
Ques. What is the minimum amount I can get from Muthoot Finance?
You can minimum of Rs 50,000 as a personal loan from Muthoot Finance
Ques. What are the eligibility criteria for personal loan from Muthoot finance?
If you are a salaried or self-employed personal and you age is between 26 and 58 years, you are eligible for Muthoot Finance personal loan. To check your eligibility, you can also check the Afinoz’s eligibility calculator.
Ques. Which mode of loan application is better online or offline?
Both application modes are convenient but if you want to save your time, you should prefer online application method.
Ques. Is it safe to opt Afinoz for personal loan application?
Yes, the platform is completely safe to apply for any kind of loan. Afinoz is a free platform where you can see, compare, and choose a lender according to your convenience.