Different Kinds of Muthoot Finance Personal Loan
Muthoot Mahila Loan (MML)
Purpose: The Muthoot Mahila Loan, or MML, is a specialised loan programme for
female borrowers.
Loan Amount: Rs.1,500 - Rs.50,000
Interest Rate: 12% p.a.
Processing Fee: 0.25% to 1%
Muthoot Super Loan (MSL)
Purpose: It is for customers who want to borrow a larger amount of money against
their gold and take advantage of discounts for paying back the loan on time.
Loan Amount: Rs.1,500 - Rs.99,990
Interest Rate: 23.5% p.a.
Processing Fee: 0.25% to 1%
Muthoot Advantage Loan (MAL)
Purpose: The Muthoot Advantage Loan is a special gold loan scheme designed for
people looking for a reasonable per gramme rate as well as competitive interest rates.
Loan Amount: Upto Rs.5 lakh
Interest Rate: 18% p.a.
Processing Fee: 0.25% to 1%
Muthoot High Value Loan (MHL)
Purpose: This scheme is most beneficial for customers who own their own
businesses, such as property dealers, traders, shop owners, and builders, and who are
looking for a loan with a longer repayment period.
Loan Amount: Rs.3 lakh - No upper limit
Interest Rate: 16% p.a. onwards
Processing Fee: 0.25% to 1%
Muthoot High Value Loan Plus (MHP)
Purpose: This scheme provides special benefits to dealers, traders, shop owners,
property dealers, and members of the business community.
Loan Amount: Rs.5 lakh - No upper limit
Interest Rate: 12% p.a. onwards
Processing Fee: 0.25% to 1%
Muthoot EMI Scheme (MES)
Purpose: The Muthoot EMI Scheme, also known as the MES, is ideal for all salaried
individuals and professionals looking for a gold loan that can be repaid through EMIs
rather than bullet payments or a lump sum paymen
Loan Amount: Rs.20,000 - No upper limit
Interest Rate: 21% p.a. (diminishing balance method)
Processing Fee: 0.25% to 1%
Muthoot Overdraft Scheme (MOS)
Purpose: The Muthoot Overdraft Scheme (MOS) is created specifically for traders,
businessmen, chemists, petrol station owners, shopkeepers, and other professionals.
Loan Amount:Rs.2 lakh - Rs.50 lakh
Interest Rate:19% p.a. to 21% p.a.
Processing Fee: 0.25% to 1%
Muthoot Ultimate Loan (MUL)
Purpose: This is ideal for people looking for a gold loan where they can get the
maximum loan amount while also earning discounts by paying their monthly interests on
time.
Loan Amount: Rs.1,500 - No upper limit
Interest Rate: 24% p.a
Processing Fee: 0.25% to 1%
One Percent Loan
Purpose: The Muthoot One Percent Loan is intended for customers seeking a gold
loan with lower interest rates.
Loan Amount: Rs.1,500 - Rs.50,000
Interest Rate: 12% p.a.
Processing Fee: 0.25% to 1%
Muthoot Delight Loan (MDL)
Purpose: This is specifically designed for borrowers seeking a loan amount of up
to Rs.2 lakh at a low interest rate
Loan Amount: Rs.1,500 - Rs.2 lakh
Interest Rate: 26% p.a. - 27% p.a.
Processing Fee: 0.25% to 1%
Muthoot Premier Loan (MPL)
Purpose: This is a gold loan scheme for borrowers who want to borrow up to Rs.1
lakh for a period of one year.
Loan Amount: Rs.1 lakh - No limit
Interest Rate: 23% p.a.
Processing Fee: 0.25% to 1%
Muthoot Super Saver Scheme (SSS)
Purpose: The Super Saver Scheme (SSS) provides gold loans with loan amounts
beginning at Rs.199 lakh. On your interest, you can get a 12.1 percent discount for 30
days, a 9 percent discount for 60 days, and a 1% discount for 180 days.
Loan Amount: Rs.1.99 lakh - No limit
Interest Rate: 24% p.a. - 26% p.a.
Processing Fee: 0.25% to 1%
Why Choose a Muthoot Finance Personal Loan?
When people need to finance a long-term goal, personal loans are a convenient option. The
EMI that a person would be responsible for is an important factor to consider before taking
out a personal loan. Muthoot Finance takes the time to get to know the customers and give
them the best possible solutions for their needs. For added convenience, one can apply for a
personal loan online.
When you take out a personal loan from Muthoot Finance, you can take advantage of a number
of advantages. Access to a loan with no collateral and minimal documentation is one of them.
