Muthoot Finance Ltd Personal Loan

Muthoot Finance Ltd | Personal Loan | 06-Jul,2024

About Muthoot Finance Ltd: Muthoot Finance Company is an Indian financial services company that provides business loans, investment management, gold distribution, insurance, and other financial services. Muthoot Finance offers gold loans at low interest rates. The company has expanded its services across India, making its facilities available to residents in various rural and urban areas. Muthoot Finance enjoys the trust of over 70 million people. It is one of the most renowned gold loan providers in India. The company primarily focuses on lending. It is a reliable company for obtaining gold loans.

Detail: Self-employed individuals can apply for a personal loan from Muthoot Finance Ltd with a regular verifiable income.

Annual Percentage Rate (APR): 14% – 22% p.a.

Minimum & Maximum period for repayment (Loan Tenure): Up to 5 years

Loan processing charges: As per the loan agreement.

Late Payment: As per the loan agreement.

Foreclosure Charges: As per the loan agreement.

Partpayment Charges: As per the loan agreement.

Maximum Loan Amount: Rs 50,000 onwards

Muthoot Finance Ltd Profile

Sector : Finance

Industry : Regional Banks

Established in 1939 by its founder Muthoot Ninan Mathai, Muthoot Finance is a company that offers a wide range of services including NSD, Muthoot Finance Gold Coins, corporate loans, microfinance loans, home loans, big business loans, personal loans, custom offers, mutual funds, digital and cashless services, SME loans, "Sunheri Soch" (Golden Thinking) initiative, and gold loan fairs. Loans at Muthoot Finance are granted after verifying the purity of the gold. Gold loans are readily available for 18 to 24 carat gold, and the company offers gold loans at an interest rate of 12% to 27% per annum.

Know more

You will go on the Official website.

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Loan Type

Muthoot Finance Ltd ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 14% – 22% p.a. Rs 50,000 onwards Up to 5 years As per the loan agreement. As per the loan agreement. As per the loan agreement. As per the loan agreement.
Home Loan 11%-19% p.a. Rs 3 lakh to Rs 50 lakh 3 years to 20 years Rs 5,000 (At the time of loan application) 2% per month 1) Foreclosed from own sources – NIL 2) Foreclosed from other source - 5% NA
Gold Loan 10.90% p.a. onwards Rs 1,500 to Rs 5 crore From 1 month to 12 months As per the loan agreement. As per the loan agreement. As per the loan agreement. NA

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