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Muthoot Finance Personal Loan

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Easy Application Process

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Highest Approval Chances

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End-to-End Expert Assistance

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Minimal Documentation Required

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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 ₹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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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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

About Muthoot Finance Personal Loan

  • Applicants can avail Muthoot Finance personal loans at competitive interest rates to meet immediate financial requirements.
  • Consumers can apply for a personal loan via Paisabazaar through a hassle-free digital process.
  • Applicant’s loan approval and loan terms depend on his/her repayment capacity and creditworthiness.
  • Muthoot Finance personal loans come with flexible repayment tenure and require minimal documentation
  • These personal loans require no collateral/security and offer flexible end usage.

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

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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:

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

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

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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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

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

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Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

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