Log In
muthoot finance personal loan

Here are a few factors

How To Apply
Product Rating

( 4.6 /5 )

Total - 369 ratings

5 ★
250
4 ★
91
3 ★
15
2 ★
10
1 ★
3

Mode of Process

Online

Location

PAN India

Lending Size and Tenure

1 Lac-10 Lac (12M to 60M)

ROI

13.75%-25%

ROI (Fixed/Reducing)

Fixed

Processing Fees

2.50%-3.5%

Foreclosure

After 9 month As per policies

Partial Payment Allowance

No

Dealing in Unsecured OD

No

muthoot finance personal loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %14 %
Tenure (months)12
Emi (monthly)₹ 8,979
Total Interest₹ 7,745
Loan Amount + Interest₹ 107,745
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 56,637₹ 6,216₹ 62,853₹ 43,36356.64 %
Jun₹ 7,812₹ 1,167₹ 8,979₹ 92,1887.81 %
Jul₹ 7,903₹ 1,076₹ 8,979₹ 84,28515.72 %
Aug₹ 7,996₹ 983₹ 8,979₹ 76,28923.71 %
Sep₹ 8,089₹ 890₹ 8,979₹ 68,20031.80 %
Oct₹ 8,183₹ 796₹ 8,979₹ 60,01739.98 %
Nov₹ 8,279₹ 700₹ 8,979₹ 51,73848.26 %
Dec₹ 8,375₹ 604₹ 8,979₹ 43,36356.64 %
₹ 43,365₹ 1,530₹ 44,895₹ 0100.00 %
Jan₹ 8,473₹ 506₹ 8,979₹ 34,89065.11 %
Feb₹ 8,572₹ 407₹ 8,979₹ 26,31873.68 %
Mar₹ 8,672₹ 307₹ 8,979₹ 17,64682.35 %
Apr₹ 8,773₹ 206₹ 8,979₹ 8,87391.13 %
May₹ 8,875₹ 104₹ 8,979₹ 0100.00 %
Work Process

Start with Muthoot Finance Personal Loan in few steps

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Stay Prepared Before Hitting that Apply Button

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Cancel Cheque

Last 3 Month Salary Bank Statement

Last 3 Month Salary Slip

Passport size Photo

Ownership Proof Latest Utility Bil

Apply for Loan

Eligibility Of Instant Loan

The following information illustrates the loan eligibility and disbursal limits

  • The age of the applicant should be between 23 to 60 Year
  • The min. Employment should be 6 months of continuous salary
  • The min. salary of the applicant should be Cat A/B/Govt 20K, Rest 25K
  • The minimum CIBIL score has to be 705
  • The Applicant must be an Indian Resident


Muthood Finance Customer Care

Contact No. :- 1800 313 1212

Email :- grievance@muthoothomefin.com

Negative Profile for Muthoot Finance Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Jewellers

Hotel

MCD 4th Grade Employee

Aviation

Real Estate

NGO

Mandir/Masjid/

Gurudwara/Church

Company which are in Liquidation or in BIFR

NRI

Minus 1 CIBIL

Proprietorship Firm Employee

Partnership Firm Employee

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A) 		Interest
(B) 		Total Payment
(A + B) 		Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

Muthoot Finance personal loan helps people meet their unexpected need for money. You can get the personal loan easily and at a very cheap interest rate.

When you need credit, apply for a loan with Muthoot Finance. The lender verifies and accepts your loan application when you submit it to them. The loan money is then transferred to your bank account. You must reimburse the lender via EMls for the duration of the loan repayment period after receiving the loan amount.

Keeping a reasonable interest rate in mind while applying for a Muthoot Finance personal loan is an important step. However, a few factors could affect your ROI, such as income, nature of employment, and employer detail.

Once you apply for the Muthoot Finance persona loan, your amount will be disbursed as soon as your documents get verified. The whole process will take around 3-7 days.

You can pay the Muthoot Finance personal loan EMIs online through Net Banking, Mobile Banking Apps, or UPI Apps.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

helpdesk@referloan.in
0124-4847123
Company
Loan
Card
help desk
Help Desk

Copyright 2023 © Referloan.in.