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Q.

How to Get Personal Loan in Muthoot Finance?

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0 2024-06-27T22:36:30+00:00

Muthoot Finance personal loan online apply is a straightforward process designed to cater to the financial needs of individuals with minimal hassle. Here’s a step-by-step guide on how to apply for and secure a personal loan from Muthoot Finance.

But before that, you must go through the eligibility criteria:

  1. Age: Applicants typically need to be between 21 and 65 years old.

  2. Employment: Salaried individuals or self-employed professionals with a stable source of income are eligible.

  3. Credit History: A good credit score enhances the chances of loan approval and may influence the interest rate offered.

How to Apply Personal Loan in Muthoot Finance?

  • Locate the nearest Muthoot Finance branch. Approach the customer service desk to inquire about personal loans.

  • Gather the necessary documents, including identity proof, address proof, income proof, and photographs as per Muthoot Finance’s requirements.

  • Fill out the personal loan application form provided by the branch. Ensure all details are accurately filled in.

  • Submit the completed application form along with the required documents to the branch.

  • Muthoot Finance will verify the documents and assess your eligibility based on their internal criteria. Upon approval, you will receive an offer detailing the loan amount, interest rate, and repayment terms.

  • After accepting the loan offer, the loan amount will be disbursed either as a direct credit to your bank account or provided as a demand draft.

Alternatively, you can apply directly from this

Muthoot Finance Personal Loan

link. Repay the loan through Equated Monthly Installments (EMIs) as per the agreed schedule. Ensure timely payments to maintain a good credit history.

I hope you get an idea of how to get personal loan in Muthoot Finance.

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