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Muthoot Finance Personal Loan

Muthoot Finance Ltd. offers personal loans @14% p.a. onwards for loan amounts starting from Rs 50,000 and for tenures of up to 5 years. Borrowers can use the proceeds from this loan to meet their personal needs like travelling, purchase/construction of a house, higher education for children, medical contingencies or debt consolidation.

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Muthoot Finance Personal Loan Highlights

Interest Rates 14% – 22% p.a.
Tenure 1 year to 5 years
Loan Amount For non-metro locations: Rs 50,000 onwards

For metro locations: Rs 1 lakh
Processing Fees 2% to 4% of the loan amount plus taxes

Muthoot Finance Personal Loan Interest Rates

The Muthoot Finance Personal Loan interest rates range between 14% and 22% p.a. While the NBFC has not mentioned the interest rate slab based on the repayment history, credit score, monthly income, etc. of its personal loan applicants, most banks/HFCs usually consider these factors while setting the personal loan interest rates of their applicants.

Fees & Charges of Muthoot Finance Personal Loan

Particulars Charges
Processing fees 2% to 4% of the loan amount plus taxes
Late payment charges 2% of the outstanding loan amount of the month
Cheque bounce charges Rs 1,000
Cheque swapping charges Rs 750
Prepayment Charges Till 9 months – Lock-in period;
10 months to 12 months – 6% of the outstanding loan amount plus taxes;
Above 12 months – 5% of the loan outstanding amount plus taxes
Re-Schedulement charges 1% of the outstanding loan amount
Loan cancelation charges Rs 5,000
Stamp duty As per applicable state laws

Eligibility Criteria for Availing Personal Loans from Muthoot Finance

The eligibility criteria for availing personal loans from Muthoot Finance are mentioned below:

  • Indian residents are eligible for Muthoot Finance personal loans.
  • Age criteria: 21 to 67 years of age
  • Minimum credit score: 750

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Documents Required for Muthoot Finance Personal Loan

The documents required for Muthoot Finance personal loans are as follows:

General Documents

  • Identity proof (Aadhaar card, Driving license, Voter ID card)
  • Address proof (Passport, Utility bills, Aadhaar card, Voter ID card)
  • Bank statement of the last 3 months (Passbook of the previous 6 months)

Documents for Salaried Applicants

  • Salary slips for the last 3 months
  • Form 16 or Income Tax Return

Documents for Self-Employed Applicants

  • Proof of Business Existence
  • Proof of Office Address and Ownership
  • Income Proof

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Muthoot Finance Lenders

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What our customers say

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Great Customer support and response

Quick and efficient support team of Paisabazaar. Proper knowledge of product and good customer relationship by Abhishek Singh.

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ABhisekh BordoloiSep 21, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Got personal loan from Paisabazaar

I applied for personal loan from paisabazaar and it was disbursed in 2 days. My immediate requirement was fulfilled just in time. Thanks guys for the prompt response and quick approval.

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Pranoy SenSep 19, 2025

Feedback - Customer support

I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

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EZAKIEL BSep 18, 2025

Exceptional Support During Loan Process

I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

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Abhishek ThakurSep 1, 2025

Outstanding Assistance from Ms. Seema Kumari

I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

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Abdul ShaikhAug 23, 2025

Excellent Support and Guidance from Ms. Yashi Saxena

I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

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Jitendra WaskelAug 14, 2025

Loan from paisabaAar

Get a personal loan from paisabaaz customer support is very supportive loan disburse in 2 days thanks team

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DeeptiAug 2, 2025

Compare and Applied

Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

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ajayJul 24, 2025
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