Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Muthoot Finance Loan Against Property is Rated as "Great!" by 4 Users

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    Promised Interest Rate

    Customer Service



    Muthoot Finance Loan Against Property

    You have a brilliant business idea or have an idea to expand your business but the only thing stopping you is the shortage of funds. If you have a property that is being used to reside in or for used for commercial purposes, then Muthoot Capital will allow you to leverage your real estate to meet your financial requirements for working capital, fixed assets or for consumption.

    Purpose of Muthoot Finance Loan against Property

    The loan offered to businessmen, firms or companies to meet the financial requirements for working capital, to buy fixed assets or even for consumption.

    Eligibility criteria and security for Muthoot Finance Loan against Property

    Muthoot Finance offers loan against property for persons or firms or companies owning real estate property in the state of Kerala.

    The borrower will have to provide security by mortgaging landed property having value that is at least 200% of the loan amount.

    Documents required for Muthoot Finance Loan against Property

    You will be required to submit the following documents along with your application form:

    • Business license and registration certificate relating to the business.
    • Audited financial statements.
    • Income tax returns for 3 years.
    • Title deeds that are relating to the property.
    • Know Your Customer documents of the borrower and the signatories of the facility.

    KYC documents includes identity and address proof like PAN card, passport, voter id, license, electricity and telephone bill, etc. You will be required to submit your income proof, salary proof, and copy of ITR for two years, bank statement copy, copy of last two years’ balance sheet, copy of educational qualification, copy of professional practice certificate, etc.

    Features and Benefits of Muthoot Finance Loan against Property

    The features and benefits are as follows:

    • Muthoot Capital offers loan against property that sanctions loans ranging from Rs.2 lakh to Rs.35 lakh.
    • The loan tenure ranges from 6 months to 36 months.
    • Individual firm and companies can leverage the real estate property owned by them.
    • The loan is sanctioned to meet immediate fund requirements of working capital or fixed assets or for both or for the purposes of consumption.
    • The emphasis is less on the usage of the funds for purposes of business and more on the value of security.
    • You can choose to repay the loan amount at the end of the sanctioned period or in equated monthly instalments with interest.
    • If you choose bullet repayments, interest will have to be serviced each month.
    • Part payment of the loan is allowed.

    Interest rate of Muthtoot Finance Loan against Property

    The interest rates depends on the purpose of the loan, amount of the loan and other relevant factors. Check with the nearest branch to know more about the interest rate.

    Muthoot Finance Loan Against Property Reviews

    • review Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal with Muthoot finance,the loan amount is 2.20 lakhs,they have approved as promised,i did not get my interest rate information and tenure details as yet.I had submitted documents directly at the branch they were prompt in responding and had processed immediately.
      Was this review helpful? 13
      , coimbatore
      Reviewed on Feb 09, 2018
    • review Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Muthoot Finance and i was happy with them. I received good service and response and was also acknowledged well. They provided clear information on the requirements and i also found that their rate of interest was nominal.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 28, 2017
    • review Personal Loan
      "Personal loan process"
      0.5 1.0/5 "Really Bad"
      I have approached Muthoot Finance for the personal loan ,the amount what they offered was very less. I had submitted all the documents , but I was eligible for a lower amount they were offering only 40k which does not serve the purpose and therefore I had asked them to close the application once for all. .No clue on the rates.
      Was this review helpful? 3
      , ernakulam
      Reviewed on Aug 16, 2017
    • review Personal Loan
      "Average service "
      0.5 4.5/5 "Excellent!"
      I would like to share my personal loan application with muthoot finance was processed within half an hour of time without any issue.They have applied same rates like other banks.They collect processing fee around 250Rs for the loan. There is foreclosure or partial payments applied for the loan.
      Was this review helpful? 10
      , kolkata
      Reviewed on Jun 07, 2016
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