A personal loan can be availed when an individual has an immediate requirement of funds, with minimal documentation, processing time with immediate disbursal to Customer bank account. It serves as a great option for individual for meeting their immediate financial requirements.We, at Muthoot Finance, understand our customers and provide them with the perfect solutions for their requirements. One can apply for a personal loan online as well for enhanced ease. Get in touch with us to know your instant personal loan eligibility & other terms and conditions.
A Marriage Loan is a loan availed of to finance a wedding. These days, weddings have become quite a fancy affair, and many people wish to have the perfect wedding. For this, not everyone may have ready cash available, and so a wedding loan is a product designed to help them plan their special day.
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These are the most common types of secured loans availed of by borrowers. As the name suggests, home loans are taken for the purchase or construction of a home by the borrower. Here, the home itself acts as a security for the lender. However, while the home is the primary security
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Gold loans are taken against the gold owned by the borrowers. Here, gold acts as a security for the lender whereby the borrower can pledge the gold with the lender and avail of money from them. The lender retains possession of the gold until the loan is repaid. The gold loan interest rate starts from 7.50% per annum.
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These are the loans taken for the purchase of the vehicle. Vehicles can include both passenger and commercial vehicles as well as two-wheelers, four-wheelers and heavy vehicles. Here, the vehicle acts as a primary security for the lender. In the event of non-repayment, the lender can seize the vehicle.
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This is a kind of mortgage loan whereby the borrowers can avail of funds by mortgaging their property with the lender. Loan against property can be availed of against both residential and commercial property. The administration charges for loans against property are higher than for home loans. The funds can be used by the lender for either business or personal purposes.
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The cost of education is rising at a rapid pace. If one wants to pursue quality education, then he/she needs to shell out lakhs of rupees. In such cases, an education loan provides monetary assistance. The interest rate on education loans can start from 8.85% per annum, and the amount of the loan depends upon the cost of education.
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These are quick approval, short-term personal loans designed to provide urgent access to funds within 24 hours to meet pressing financial needs. The loan amount and tenure are smaller, making approval process and disbursal very fast. Salaried individuals can get instant loans based on income proof alone while self-employed borrowers may need to provide business documents too.
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This loan enables individuals to fund their domestic and international travel plans and vacations. The loan amount, tenure, and repayment schedule can be customised according to the applicant's needs and upcoming travel plans. Many financial institutions also provide complimentary travel insurance when availing a travel loan.
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This loan is ideal for those looking to undertake major repairs, renovations or upgrades for their residential or commercial property. It provides financing for substantial renovation work like kitchen remodelling, flooring, structural repairs, painting, etc. One can avail longer repayment tenures to keep the monthly dues affordable
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