Regulated NBFCAll Eligible Borrowersunsecured

Muthoot Finance Personal Loan

मुथूट फाइनेंस पर्सनल लोन

Muthoot Finance personal loan up to ₹10 Lakhs with pan-India network of 5,000+ branches.

Max Loan Amount

₹50,000 to ₹10,00,000

Interest Rate

12.50% - 24.00% p.a. (fixed reducing)

Tenure

12 to 60 months

Processing Fee

Up to 2.50% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

Unsecured personal credit product from Muthoot Finance for individuals seeking urgent liquidity for medical emergencies, weddings, home improvement, or business cash flow.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Relatively higher interest rate floor (starts at 12.50%). • Foreclosure penalty of 3% to 4% + GST applies. • Minimum net monthly income requirement of ₹20,000.

✦ Key Benefits & Features

• High loan quantum up to ₹10 Lakhs without pledging gold or assets • Vast branch network covering over 5,000 branches pan-India • Simple documentation and fast processing • Repayment tenure up to 5 years (60 months).

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 6 months; 3% to 4% foreclosure charges apply.

✦ Eligibility Requirements

Salaried employees and self-employed individuals with regular income. Min Age: 21, Max Age: 65. Min Net Monthly Income: ₹20,000. Min CIBIL: 700.

Min Age21 Years

Max Age65 Years

Min Monthly Income₹20,000

Min CIBIL Score700+

✦ Documents Required

• Identity & Address Proof: PAN Card, Aadhaar Card • Income Proof: Last 3 months payslips or 2 years ITR • Bank Statement: Last 6 months bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Existing Muthoot customers apply via Muthoot Online portal or branch with fast-track KYC.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit muthootfinance.com > Personal Loan. Submit application and upload payslips.

Pathway C

Branch Walk-In Application

1. Visit any of Muthoot Finance's 5,000+ branches with payslips, KYC, and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Muthoot Finance Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on Muthoot Finance Personal Loan

Do I need to pledge gold for this loan?

No. Muthoot Personal Loan is completely unsecured; no gold or asset pledge is required.

What is the maximum loan limit?

Up to ₹10 Lakhs based on verified income and credit score.

What is the processing fee?

Up to 2.50% of the loan amount plus GST.