Whenever you find yourself in a situation when there is an urgent need of money and you are unable to collect funds to pay your debts or for any other financial crisis, at that time you take personal loans. But there are several financial institutions and banks that can provide personal loans. how can you choose the right one? Don’t get nervous because you can fulfill your money requirements instantly with Muthoot finance personal loan. With an attractive rate of interest and a flexible repayment tenure read this article to know in detail about the Muthoot finance personal loan.
How the Muthoot Finance Ltd. decides your personal loan interest rate?
Muthoot Finance personal loan interest rate is starting from 10.75% that is probably the lowest rate charged by any bank or financial institution on a personal loan. But to get a desired interest rate on the borrowed loan amount, you need to have a high CIBIL score, good credit report with zero dues and high income. If you possess all these features then you will surely get the desired interest rate on your Muthoot Finance personal loan.
What if you don’t fit in Muthoot Finance personal loan eligibility criteria?
You can apply for a personal loan from Muthoot Finance Ltd. if you meet the basic loan eligibility criteria such as age, income and employment status. The minimum age to avail Muthoot finance personal loan is 24 to 26 years and the maximum age can be up to 58 to 65 years during the loan maturity. Both salaried and self-employed can apply for a personal loan by submitting their income documents like bank statements or salary slip. The Muthoot Finance personal interest rate can be lower if the applicant has a poor repayment record and doesn’t pay his previous loan or credit card dues in the past.
Use Muthoot Finance personal loan tools and manage the loans efficiently
The loan procedure can be easier for you if you use the Muthoot Finance online tools like the EMI calculator and eligibility calculator. These online tools are for the customer’s assistance only so that they can easily understand the benefits. For instance, you can use the Muthoot Finance EMI calculator and generate your loan installments to know the monthly payable interest rate of your loan amount. Also, you can use the eligibility calculator in the same manner and borrow a loan amount according to your monthly income and liabilities.
You can easily apply for the Muthoot Finance personal loan by visiting the nearest branch of Muthoot Finance Ltd. or also can use its online service. The customer just needs to submit minimum documents like ID proof, Address proof and income proof to get personal loan. Also, you need to submit a processing fee for your Muthoot finance personal loan. You can easily pay the borrowed amount in equated monthly installments through ECS or PDCs. So, whether you need funds for the marriage expenses or any medical emergency has occurred you can take Muthoot Finance personal loan and resolve all your financial problems.