Loan Details

Interest Rate

14 % onwards

Processing Fee

2.5% to 3.5%



Up to 6% for the first 10-12 months and 5% thereafter


Up to 12 - 60 months

Borrower’s can choose loan tenure and EMI as per their affordability.

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Muthoot Personal Loan

a. Age:

  • For Salaried – 26-58 years
  • For Self-employed – 24-65 years

b. Credit score: 650 or above

c. Employment Type:

  • Salaried
  • Self-employed
  • Landlords
  • Muthoot Employees

d. Minimum net income:

  • Rs 15,000 monthly (For Salaried Individuals)
  • Rs 1 lakh Annual (For Self-employed Individuals)

e. Work experience:

  • For salaried- 2 years of job stability
  • For self-employed- 3 years of business stability


All the applicants need to submit the documents listed below with Muthoot -

  • Filled up Muthoot personal loan application form
  • Recent Passport Size Photographs
  • Proof of Identity
  • Proof of Address
  • Proof of Income
  • Proof of Business
  • Signature Proof
  • Employment Proof

Self-employed candidates need to submit the following documents besides the ones listed above –

  • Proof of business establishment
  • Proof of Business
  • Income Tax Returns
  • Proof of Business continuity
  • Copy of bank statement
  • Proof of earnings of last 6 months

Salaried applicants are required to submit a copy of the following documents besides along with the ones mentioned above -

  • Last 6 months of bank statement showing your income or salary details
  • Copy of salary slip of past 180 days
  • Form 16 (Previous 2 years)
  • Employer’s ID
  • Employment Proof
  • Proof of work experience
  • Proof of Income

Identity Proof (for all borrowers)

  • Driving License
  • Aadhar Card
  • Valid Passport
  • PAN Card
  • Voter ID

Proof of Residential Address (for all borrowers)

  • Adhar Card
  • Utility Bill (3 months old)
  • Property purchase Agreement
  • Registered Lease Agreement
  • Valid Passport
  • Driving License

Birth Date Proof (for all borrowers)

  • Driving License
  • Valid Passport
  • Voter ID
  • Aadhar Card

Income documents (for salaried borrowers)

  • Last 6 months Pay Slip.
  • Form 16
  • Salary Certificate
  • Bank statement of past 6 months showcasing EMI debit/ salary credit

Income documents (for self-employed borrowers)

  • Profit and Loss Statement
  • Previous Year ITR
  • Balance Sheet

Employment proof (for salaried borrowers)

  • Letter on organization’s letterhead confirming the applicant’s employment period

Proof of Business (for self-employed borrowers)

  • Partnership Deed
  • Certificate of Practice
  • GST Registration and Filing Documents
  • MOA & AOA
  • Shop Act License

The loan verification proceeds in the following stages:

1. Fill the Muthoot personal loan application form, add your signatures, and upload it on the bank’s official website or wherever required. Additionally, submit copies of all the necessary documents needed for verification of the application. The application submission process takes a few minutes if the request is placed through

2. The customer care representative of Muthoot will verify your application and schedule a visit to complete the documentation process.

3. The concerned Muthoot officials will verify your eligibility and details using the details in the form and the documents.

4. Once your Muthoot personal loan application is approved, the funds will be disbursed to your Muthoot account.

5. You’ll be given a duly signed copy of the personal loan agreement, which would contain all important details related to the loan such as interest rate, tenure, charges, and loan amount.

Interest rates for Muthoot personal loan range from 14.00% to 24.00%. The lowest interest rates are offered to the bank’s customers with high CIBIL Score. The bank also provides lucrative interest rates on personal loan to the individuals working with high-profile corporations.