Muthoot Finance Personal Loan

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Wide Choice

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Quick Disbursal

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SmartMatch

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Digital Process

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4.2/5

2839 Reviews

51M+Satisfied Customers
65+Lending Partners
800+Cities across India

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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 Fee6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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End-to-End Digital Process

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

Avail Personal Loan For
All Your Needs

Avail Personal Loan Banner

FAQs

Prospective borrowers can make an online application for Muthoot Finance personal loans by visiting the lender’s website, clicking on the Personal Loan option under the services tab, clicking on the ‘Apply now’ tab under the Personal Loan EMI Calculator section and selecting the ‘apply loan online’ option. Individuals can also can also visit any of Muthoot Finance’s branches to make a personal loan application.

You can track the status of your Muthoot Finance Personal Loan application online by visiting the lender’s website, going to Services → Personal Loan, clicking on the Apply now ‘tab’ under the Personal Loan EMI Calculator section, entering your details in the ‘check application status’ and clicking on the ‘verify button. Additionally, they can visit the nearest Muthoot Finance branch or call the toll free numbers to know the status of their Muthoot Finance Personal Loan application.

The process of getting personal loans from Muthoot Finance is simpler for applicants who fulfil the eligibility criteria set by the lender, based on their credit profile. The lender claims to offer minimal and online documentation, which makes the process less cumbersome.

Muthoot Finance offers personal loans to both salaried and self-employed individuals. Borrowers can use the loan proceeds to fulfil their expenses related to travel, home purchase/construction, education, financial/medical exigencies, debt consolidation, etc.

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What our customers say

Best place to compare loans

I was able to compare offers from multiple lenders on a single platform. This not only made my search easy but also saved a lot of time which was otherwise not possible if I checked with different lenders separately.

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Ashok SinghDec 1, 2025

Quick Loan disbursal

Mera loan amount bahut hi jaldi mere account me a gaya tha. Koi lengthy doucmentation process ni follow karna pada. Sab kuch asani se ho gaya.

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Dinesh PantNov 16, 2025

Best marketplace to shop for loans

I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

User friendly interface

The platform is very user-friendly. I used the EMI calculator provided on the Paisabazaar website and was able to plan my EMIs as per my financial situation.

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Palash SinghNov 11, 2025

Loan eligibility check in seconds

Paisabazaar provides a smooth and intuitive experience. I got my loan eligibility checked in seconds without any hassle.

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Shivani AgarwalNov 8, 2025

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

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
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