The personal loan amount that you can avail depends on certain factors. The loan amount an individual is eligible to borrow varies based on their monthly income. During the calculation of the loan amount, an individual’s monthly income and expenses are taken into account. You can always get in touch with us to know more on the subject.

The loan amount which you are eligible to borrow may differ on the basis of your monthly income. At the time of calculating the loan amount, your monthly income as well as expenses are considered.

At Muthoot Finance, we offer loans starting from INR 50,000* (the minimum personal loan limit) for salaried individuals. You can read our Loan Policy to know more about the minimum and maximum limits for different types of borrowers.

*T&C Apply

After you apply for a personal loan with Muthoot Finance and your documents and proofs have been verified, the loan amount is disbursed to you as soon as possible. You can apply for an instant personal loan with us to get the process started.

Interest rates for personal loans at Muthoot Finance are fixed on the basis of the cost of funds, risk assessment, cost of operations, etc. and may vary for different schemes and different borrower categories. The recovery of processing charges as decided from time to time can also take place.

Personal loans by Muthoot Finance are available for salaried employees from Public Sector units and other reputed institutions. We also offer personal loans for self-employed individuals. All other individuals who give 100% collateral security which can be in the form of RBI bonds, LIC policies, NSCs, or any other tangible security also have eligibility to avail personal loans too.

There is no fixed time as to when you can apply for personal loans as they are essentially multi-purpose loans. Whenever you have a requirement, you can opt for a personal loan from Muthoot Finance. Some of the common reasons for which people apply for personal loans include finance weddings, renovate or build a house, expand their business, and for a medical emergency, among others.