Muthoot Finance Personal Loan Highlights |
|
Interest Rates | 14% – 22% p.a. |
Tenure | Up to 5 years |
Loan Amount | Rs 50,000 onwards |
Note: Interest rates as on 28th November 2023
Muthoot Finance Personal Loan Interest Rates
The Muthoot Finance Personal Loan interest rates range between 14% and 22% p.a. The interest rates charged by the lender depend on the credit score of its personal loan applicants. While the NBFC offers lower interest rates for applicants with higher credit scores, it has not specified the personal loan interest rate matrix based on its loan applicants’ credit scores. The interest rates for its various personal loan schemes are as follows:
Schemes | Interest rates (p.a.) |
Personal loan to landlords | 18% to 19% |
Other personal loan schemes | 14% to 22% |

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Eligibility Criteria for Availing Personal Loans from Muthoot Finance
The eligibility criteria for availing personal loans from Muthoot Finance are mentioned below:
- Salaried employees from public sector units and reputed organizations
- Self-employed individuals with a regular verifiable income
The NBFC also considers factors like age, net salary, total years of service, years of service left, owning a house, etc. depending upon the individual’s risk profile while evaluating the personal loan eligibility of its loan applicants.
Documents Required for Personal Loans from Muthoot Finance
The documentation required for availing personal loans from Muthoot Finance are as follows:
- Latest salary slip/salary certificate
- Bank statement with salary credits
- KYC documents
- Demand Promissory Note/Agreement, ACH mandate or any undertaking from borrowers to deduct loan instalments from salary
- IT returns for the last 3 years
Note: The NBFC may ask for additional documents based on the profile of the personal loan applicant.
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

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