Does Muthoot Finance Personal Loan Help Make Your Dream Come True?

Yes, with the help of Muthoot Finance Personal your dream to ride an expensive vehicle, dream of visiting your bucket list travel destination and dream wedding all this can be true. And for this, you just have to give a missed call to 8767017711. From Muthoot Finance you not only get lump sum money but an affordable interest rate and flexible tenure for easy repayment of the borrowed amount. So let’s read this article below and learn more about the features and benefits of Muthoot Finance Personal Loan.

How Much To Borrow From Muthoot Finance?

You can borrow an amount starting from INR 50,000 from Muthoot Finance. And as stated in Muthoot Finance Personal Loan eligibility criteria both salaried and self-employed are eligible for this type of loan. You just need to ensure that your monthly income is minimum INR 15,000 if salaried and INR 1 lakh per annum if you are self-employed.

Note - On 21st May, 2019 Muthoot Finance declared that it has expanded its personal loan scheme for customers in Delhi and NCR where they will offer a loan up to INR 10 lakh to the salaried class only.

What is Muthoot Finance Personal Loan Interest Rate?

There is a customized Muthoot Finance Personal Loan interest rate, which means it will depend on the Muthoot Finance lending rate, applicant income, credit score and current liabilities. So if your income is high and liabilities are less, you will get an affordable loan, otherwise vice versa will be the case.

To get an affordable Muthoot Finance Personal Loan Interest Rate, do take care of the following factors:-

• Your Income - If you want to get an affordable interest rate on your Muthoot Finance Personal Loan, check whether your monthly income is enough for the loan repayment. Because if it is so, you will be eligible to get a lower interest rate.

• Your Credit History - Have you paid your previous loan and credit card due? Because your credit history plays a vital role in your interest rate. As it helps the lender know your creditworthiness for Muthoot Finance Personal Loan.

• & Muthoot Finance Lending Rate - You should check the Muthoot Finance lending rate before you apply for Muthoot Finance Personal Loan, because your interest rate remains fixed throughout the repayment period. And if at the time of application the lending rate is low, your interest rate becomes affordable for the repayment.

What is the Muthoot Finance Personal Loan Repayment Schedule?

You can repay your Muthoot Finance Personal Loan in equated monthly installments of 12-60 months. And to decide your repayment tenure, you can use the Muthoot Finance Personal Loan EMI calculator. This is an online tool that will generate your EMI amount within a second. To use this calculator, you just need to enter your loan amount and tenure.

Illustration

Mrs. Agnihotri needed money for her daughter's surgery, and to get that money she applied for the Muthoot Finance Personal Loan. She is eligible to borrow up to INR 5 lakh. Mr.s Agnihotri just needed INR 2,80,000 so she applied for the same. But before confirming the loan she should decide her tenure for the Muthoot Finance Personal Loan repayment, so she uses the EMI calculator. As per the EMI calculator result she chooses a tenure of 60 months where she will pay an EMI of INR 6,673.