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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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Personal Loan EMI Calculator

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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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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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Last updated: 16 September, 2025

Vandana Punj profile
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Vandana Punj
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Shamik Ghosh

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