Muthoot Fincorp Loan Against Property

Following are the key details of Muthoot Fincorp loan against property:

• Simple and efficient loan application, approval and disbursal process.
• Finance up to 50% of the property’s value (subject to a maximum of Rs. 10 Lakhs).
• Flexible repayment tenure ranging from 3 to 20 years.
• Flexible repayment schedule options. 
• Loans are available at fixed as well as floating interest rates.
• Minimum documentation.
• The loan amount can be used for all purposes including business, education, debt consolidation, medical emergencies, weddings, home improvement, travel, etc.
• No additional guarantee/ security is required, except for the asset you are pledging as collateral.

Muthoot Fincorp loan against property interest rates depends on various factors such as loan amount, repayment tenure, and borrower’s eligibility. The lender provides both interest rate options, i.e. fixed and variable. To know more about the applicable interest rate on a Muthoot Fincorp loan against property, you can call Muthoot Fincorp customer care directly at 18001021616 or visit the nearest Muthoot Fincorp branch.

• Muthoot Fincorp (the flagship company of Muthoot Blue) is one of the largest Non-Banking Financial Companies (NBFCs) in India.
• Muthoot Fincorp loans against property services are designed to help customers get the loan easily with minimum hassles.
• You can call Muthoot Fincorp customer care directly at 18001021616 or visit the nearest Muthoot Fincorp branch to apply for the loan.
• You can use the Muthoot Fincorp loan against property EMI calculator to know your EMI beforehand.

Following are the fees and charges associated with the Muthoot Fincorp loan against property:

Below are the dilated eligibility criteria for the Muthoot Fincorp loan against property:

• Profession: The applicant should be either salaried or self-employed.
• Minimum age: The applicant must be at least 21 years old when applying for the loan.
• Maximum age: The applicant must be up to 65 years old when the loan matures.
• Bank account: The applicant must have a bank account in his name.
• Muthoot FinCorp branch: There must be a Muthoot FinCorp branch in the applicant’s city.
• Property ownership: The property should be self-occupied and the co-owner of the property (if any) should be the co-applicant for the loan.
• Co-applicant: All owners of the property (to be mortgaged) and all individuals whose income is considered for the loan must be co-applicants of the loan.

Below is the checklist of the documents required for Muthoot Fincorp loan against property:

• Address proof (any one): Passport/ Driving License/ Ration Card/ Voter ID Card/ Electricity or Landline Bill of last 3 months/ Registered Rental Agreement.
• Identity proof (any one): Passport/ Driving License/ Voter ID Card/ Ration Card/ PAN Card/ Photo Credit Card/ Employee ID Card (for government employees).
• Income proof for salaried: Salary Slips of 3 months with ITR/ Form 16
• Income proof for self-employed: Bank statements showing transactions for the previous 3 months.
• Property documents: Original Sale Deed/ Possession Letter/ NOC from the Society. 

All the documents mentioned above must be self-attested before submitting them for verification.