How Muthoot Finance Personal Loan Can Help You Out With Your Financial Needs?

Muthoot Finance is one of the few players who has a strong grip over both South India and North India. Only a few Non-Banking Financial Companies (NBFCs) are sailing smoothly at this point.This is one of the reasons that it has so many customers dropping in everyday for personal loans and home loans. Other reasons are high loan amounts, affordable interest rates and no complex loan application procedure. Whether it’s about taking a Euro trip or paying for your child's higher studies - Muthoot Finance Personal Loan solves it all. Of course, the burden of interest is there, but comparatively lesser than the rates of other NBFCs. Muthoot Finance Personal Loan Interest Rate is one of the most affordable ones on the market right now. Let’s have a look at some of the benefits of the Muthoot Personal Loan.

What are the Advantages of Opting for a Muthoot Finance Personal Loan?

Minimum Documentation: If you meet the eligibility criteria, there are only three document proofs that Muthoot asks. Following are the proofs needed under the minimum documentation procedure of the Muthoot Finance Personal Loan - proof of identification, proof of address and income details.

Attractive Interest Rates: Many NBFCs are still trembling from the tremors the IL&FS crisis. Hence, it is not possible for them to give low interest rates on personal loans. Muthoot is an exception here. It is providing personal loan at 11% per annum, which is low according to banking standards. However, keep in mind that Muthoot Finance personal loan interest rate is not a fixed rate. Muthoot, before giving loans, checks various aspects and then determines the rates.

Big Loan Amounts: Muthoot Finance helps you reach closer to your dreams, no matter how big or small it is. Size of the dream is not a question here, all that matters is you should live every bit of it to the maximum. Muthoot offers loan amount starting from INR 50000 to make your dreams come true.

Easy Eligibility Criteria: Things take a toll when it comes to meeting the eligibility criteria. One always takes a deep breath, if they manage to fulfill the criteria test. No need to worry on this. The eligibility criteria for the Muthoot personal loan is simply the best and easy to meet.

Doorstep Service: The application for a personal loan can be made through by enjoying the convenience of your home. Once you have applied for the personal loan, the NBFC sends an executive to your doorstep to pick up the documents as soon as possible.

What is the Eligibility Criteria of Muthoot Finance Personal Loan?

As we said that is easy to meet the eligibility criteria of the, time to address its simplicity. Below mentioned is the eligibility criteria of the personal loan:

• The applicant should be a citizen of India.
• They should definitely be either a salaried person or a self-employed individual.

Minimum age to avail this loan is 23 years and the maximum age is 65 years at the time of maturity.