- Know all about Muthoot Finance Personal Loan Interest Rates!
- How does the rate of interest affect your EMI amount?
Want to raise funds for your personal needs but not finding an ideal solution for it? Worry not, because, with the help of a personal loan from +Muthoot Finance, you can manage all your financial problems. Being one of the leading financial institutions in India, Muthoot Finance offers a competitive interest rate on the personal loan facility with flexible repayment options. We will be telling you about the Muthoot Finance personal loan interest rate and other important aspects of the loan facility in this article so that you can get the perfect solution for your financial needs.
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Muthoot Finance Personal Loan Interest Rates February 2023
Muthoot Finance has been providing all kinds of banking facilities to its customers from the last 132 years. The interest rate on their personal loan is one of the biggest factors that set it apart from others in the current financial market. You can look at the various details of the Muthoot Finance Personal Loan Facility in the table given below.
|Interest Rates||13.75% - 25%|
|Loan Amount||Starting from ₹50,000|
|Repayment Period||12 - 60 months|
|Processing Fee||2% - 3.50%|
|Foreclosure Charges||As Applicable by the Lender|
|Pre Part-payment Charges||As Applicable by the Lender|
|Minimum Monthly Income||INR 15,000 for Salaried Individuals|
INR 1 lakh for Self-employed Individuals
How Rate of Interest on your Personal Loan affects your EMI amount?
The interest rate is the most important thing to look for while taking a personal loan as it can have an impact on your EMI amount. The EMI amount that you pay every month, consists of a part of your principal amount and a part of interest. So the lower the interest rate will be, lower will be your monthly repayment installments.
The interest rate on your personal loan depends on a lot of factors such as your age, employment type, gross annual income, and most importantly your credit score. The bank will decide the interest rate on your loan facility after assessing these factors.
How can you apply for Muthoot Finance Personal Loan?
To manage any type of your financial needs, you can apply for a Muthoot Finance Personal Loan easily by visiting the official website of Muthoot Finance. There, by filling the few details such as your name, age, address, mobile number etc, you can apply it in a hassle-free manner. Apart from the online method, you can also apply it via the offline method by visiting the nearest branch of Muthoot Finance.
Muthoot Finance Personal Loan Customer Care Number
On having any query about the Muthoot Finance Personal Loan, you can call the executives of Muthoot Finance customer care service. You just have to dial 1800-121-1210 or +91-8000-451-451 or +91-3051-3051 from your landline or mobile. The customer care executives are available 24*7 and they will help you in resolving any kind of queries, so if you have slightest of doubts about anything, you can get in touch with them right away!