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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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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 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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Why Choose Paisabazaar?
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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

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

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

Muthoot Finance Articles

Importance of No Dues Certificate in Personal Loan Closure - Article image

Importance of No Dues Certificate in Personal Loan Closure

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Paisabazaar02 Sept 2025
Loan rejected despite high income? Here’s what you need to know - Article image

Loan rejected despite high income? Here’s what you need to know

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Paisabazaar19 Aug 2025
Personal Loan for First Time Borrowers: What Customers Must Know - Article image

Personal Loan for First Time Borrowers: What Customers Must Know

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Paisabazaar04 Aug 2025
How I Saved Rs 22,000 on My Personal Loan through Prepayment - Article image

How I Saved Rs 22,000 on My Personal Loan through Prepayment

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Bhumika Khandelwal31 Jul 2025
How Have Personal Loans Advanced Over the Past few Years - Article image

How Have Personal Loans Advanced Over the Past few Years

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Paisabazaar17 Jul 2025
Factors To Consider While Selecting a Personal Loan Lender - Article image

Factors To Consider While Selecting a Personal Loan Lender

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Paisabazaar16 Jul 2025
Instant Personal Loan Apps: Avoid These 5 Pitfalls - Article image

Instant Personal Loan Apps: Avoid These 5 Pitfalls

icon image of Bhumika Khandelwal
Bhumika Khandelwal16 Jul 2025
Reasons for Delay in Personal Loan Processing - Article image

Reasons for Delay in Personal Loan Processing

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Paisabazaar09 Jul 2025
APR vs Interest Rate in Personal Loans: What’s the Difference? - Article image

APR vs Interest Rate in Personal Loans: What’s the Difference?

icon image of Bhumika Khandelwal
Bhumika Khandelwal07 Jul 2025
Tips to Choose an Ideal Personal Loan Tenure - Article image

Tips to Choose an Ideal Personal Loan Tenure

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Paisabazaar07 Jul 2025
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What our customers say

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

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

Pre-approved offers

I logged in to Paisabazaar app and saw pre-approved offers as per my credit profile from different lenders. I could avail the offer easily and got quick disbursal in as less as 24 hours without any hassle.

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Sunanda MishraSep 28, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025
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