What is the Minimum Salary for Muthoot Personal Loan?

Muthoot Finance offers personal loans to salaried individuals with flexible eligibility criteria. The minimum salary requirement for a personal loan is Rs 20,000 per month for applicants in metro cities (such as Delhi, Mumbai, Bangalore, etc.). However, the Muthoot Finance personal loan minimum salary differs for non-metro cities. I have added details below.

What is the Minimum Salary Requirement for Muthoot Personal Loan?

For non-metro locations, the minimum salary requirement may be slightly lower, typically around Rs 10,000 per month, though this can vary depending on the branch and loan terms.

1. The company evaluates loan applications based on factors such as stable employment history, credit score, repayment capacity, and existing financial obligations.

2. Salaried individuals must provide documents such as salary slips (last 3 months), bank statements (6 months), proof of identity (Aadhaar, PAN, etc.), and address verification.

3. Muthoot Finance also considers government employees, public sector workers, and employees of reputed private companies as preferred borrowers due to their stable income sources.

4. The loan amount offered usually ranges from Rs 50,000 to Rs 10 lakhs, with repayment tenures spanning 6 months to 36 months.

Applicants are advised to check the latest salary requirements and eligibility criteria with their nearest branch or the official website before applying. I hope you found this helpful.

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Before availing of a personal loan from Muthoot Finance, I asked their customer service representative about the Muthoot Finance personal loan minimum salary. He said that the process of getting personal loans from Muthoot Finance is simpler for applicants who fulfil the eligibility criteria set by the lender, based on their credit profile. The lender claims to offer minimal and online documentation, which makes the process less cumbersome.

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What is the Muthoot Finance Personal Loan Minimum Salary?

He mentioned that the minimum salary required for a Muthoot Finance personal loan should be net monthly income of at least Rs. 10,000. 

Proof of income for the previous three months must be provided by the applicant for a personal loan from Muthoot Finance. The ability to swiftly process online personal loan applications will be beneficial to Muthoot Finance agents. Along with IT returns, salaried staff members must submit three months' worth of bank statements and evidence of pay. However, self-employed people can submit P&L statements, IT returns, and other comparable documentation to support their online personal loan applications.

I hope this ends your query regarding Muthoot Finance personal loan minimum salary.

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Hi there. I saw you asking for the Muthoot Finance personal loan minimum salary per month, I can help you with the same. The minimum salary ranges between Rs. 20,000 to Rs. 30,000 per month, depending on various factors. Let me tell you more about this.

What are the Minimum Salary Eligibility Criteria for Muthoot Personal Loan?

Here are the criteria set for salary to be eligible for a personal loan from Muthoot Finance.

1. If you reside in a metro city, the minimum monthly salary should be between Rs. 20,000 to Rs. 30,000. 

2. If you live in a non-metro city, the minimum salary requirement is between Rs. 15,000 to Rs. 25,000 per month. 

For more concrete information, I recommend you contact Muthoot’s customer support number: 080-35392825. When it comes to the other elements of the eligibility process for a personal loan, there is the factor of age, CIBIL score, and more. I am writing them below.

• You must be at least 18 years of age

• You must be a resident of India.

• A healthy credit score

• You should be in either one of the following working domains:

1. A salaried employee

2. Public and government sectors

3. Employed by established and reputed private sector organisations

4. Self-employed 

So, this is all from my side. I hope you are now aware of the minimum salary needed to apply for a personal loan at Muthoot.