Are you looking for a personal loan? If so, you may have heard of Muthoot Finance – India’s leading non-banking financial company (NBFC). The company offers a variety of loan options to help meet the needs of its customers. In this blog post, we’ll explore Muthoot’s personal loan offerings, including the types of loans available, interest rates, repayment terms and more. We’ll also look at the benefits of taking out a personal loan from Muthoot and how to apply for one. By the end of this article, you should have everything you need to make an informed decision when it comes to getting your next personal loan.
Personal loan from muthoot
A personal loan from Muthoot can help you meet your financial needs. Whether you need to consolidate debt, finance a large purchase, or cover unexpected expenses, a personal loan from Muthoot can be a convenient and affordable solution.
We offer personal loans with competitive interest rates and terms that fit your budget. Our online application makes it easy to apply for a personal loan, and our friendly customer service representatives are available to answer any questions you may have.
If you’re looking for a personal loan, Muthoot is here to help. Apply today!
How to get a personal loan from muthoot
If you are looking for a personal loan from Muthoot, there are a few things you need to know. First, you will need to have good credit in order to qualify. Second, you will need to provide some basic information about yourself and your finances.Third, you will need to submit an application and wait for a decision. Once you have been approved, you will need to sign a contract and make regular payments on your loan.
What is the eligibility criteria for a personal loan from muthoot
In order to be eligible for a personal loan from Muthoot, you must:
Be at least 18 years of age
Have a regular source of 25k salary per month income
Be a resident of India
Have a valid ID and address proof
Cibil Score 700+ Required
What are the documents required for a personal loan from muthoot
When you apply for a personal loan from Muthoot, you will need to submit the following documents:
Pan Card
Aadhar Card
Address Proof
3 Month Payslip
6 Month Bank Statement
How to repay a personal loan from muthoot
If you have taken a personal loan from Muthoot, you can repay it in several ways. You can make a one-time payment, set up a monthly installment plan, or make payments through an automatic deduction from your account.
To make a one-time payment, you will need to login to your account and go to the ‘Make Payment’ section. There you will be able to enter the amount you wish to pay and select the date of payment. The payment will be processed on that date.
If you would like to set up a monthly installment plan, you can do so by logging into your account and going to the ‘Installment Plan’ section. There you will be able to select the number of months you would like to spread your payments over, as well as the date of your first payment. Your monthly payments will be deducted automatically from your account on that date.
You can also make payments through an automatic deduction from your bank account. To set this up, you will need to login to your account and go to the ‘Bank Account Setup’ section. There you will be able to enter your bank account details and choose how much you would like to deduct each month. The deduction will happen automatically on the day that you specify.
FAQs
1. What is a Muthoot Personal Loan?
A Muthoot Personal Loan is an unsecured loan that can be taken for various personal purposes such as meeting wedding expenses, medical emergencies, home renovations, etc. The loan amount can be repaid over a tenure of 12 to 60 months.
2. Who can apply for a Muthoot Personal Loan?
salaried or self-employed individuals with a minimum annual income of Rs. 2 lakhs are eligible to apply for a Muthoot Personal Loan.
3. How much loan amount can I avail?
You can avail up to Rs. 15 lakhs as loan amount depending on your income and repayment capacity.
4. What is the interest rate on Muthoot Personal Loan?
The interest rate on Muthoot Personal Loan starts at 11.99% per annum. However, the actual rate offered may vary depending on your income, credit score, and other factors.
5. What are the fees and charges associated with Muthoot Personal Loan?
Apart from the interest rate, there are certain other fees and charges associated with Muthoot Personal Loan which include processing fee (up to 2% of the loan amount), pre-closure/foreclosure charges (3%), and late payment charges (2% per month).
