Apply For Loan

Policy

✅ Eligibility Criteria

                1.            Age: Applicant must be between 21 –
60 years.

                2.            Business Vintage: Minimum of 2 years
in business operations.

                3.            Loan Amount:

                •             Minimum: ₹50,000

                •             Maximum: ₹1,00,000 (can go up to
₹5,00,000 basis 6-month bank statement).

                4.            Tenure Options: 104, 156, 234, and
313 days.

                5.            CIBIL Score: 650 or above.

                6.            Segment: Self-employed individuals
(Retail Business preferred).

                7.            Business Proof: Valid documents such
as business license, Udyam, GST certificate, property/water/electricity tax
bill, etc.

                8.            KYC Compliance: Aadhaar (OTP
verified), PAN, and address proof required.

                9.            Collateral: Unsecured loan (no
security required).

                10.          Residential Proof: Must own a house.

⸻

🌟 Key Benefits

                1.            Quick Access to Funds: Loans
starting from just ₹50,000, scaling up to ₹5 Lakhs.

                2.            No Collateral Needed: 100% unsecured
loan – ideal for small retailers and self-employed.

                3.            Flexible Tenure: Choose repayment
between 104 to 313 days (daily instalments).

                4.            Simple Documentation: Basic KYC, business
proof, and bank statements are enough.

                5.            Digital Convenience: Aadhaar OTP
verification, Video KYC, and Video PD for faster approvals.

                6.            Growth-Oriented: Repayment history
and previous loan cycle considered for enhanced loan eligibility.

                7.            Wide Acceptance: Designed
specifically for retail business owners and small self-employed segments.

                8.            Transparent Charges: Processing fee
fixed at 3% + GST, with an average ROI of 28%.

                9.            Business Continuity Support: Helps
manage working capital, inventory, or expansion needs.

                10.          Trust of Muthoot Fincorp: Backed by a
reputed NBFC with strong market presence.

Business Hours

• Monday - Friday - 9am to 6pm
• Saturday - 9am to 2pm
• Sunday - Closed