Muthoot Finance is the country’s largest gold financing company in terms of loan portfolio. Having an experience that span decades, the company offers housing finance, gold loan, personal loan, and much more.

1. What is a Personal Loan?

2. Today, the numbers of people applying for a personal loan are increasing.
One of the reasons why personal loans have become so popular is
because it is an unsecured loan and doesn’t require any collateral. The
processing time is also quick. One can easily get a personal loan from a
non-banking financial company or a bank.

4. More about Personal Loans
A personal loan is an unsecured credit that a financial institution
provides based on criteria such as repayment capacity, employment
history, profession, credit history, and income level. Personal loans are
also called consumer loans. It is a multi-purpose loan that one can use
for meeting any of their immediate needs.

6. The Benefits of Getting a Personal Loan
The advantages of availing a personal loan are as follows:
● These loans require the least number of documents.
● The approval process is quick.
● Another great feature of personal loans is that the lenders provides
you flexibility to select your loan tenure. You can choose a loan tenure
according to your repayment capacity.

7. Documents Needed for Personal Loan Application
The documentation required may vary from lender to lender, but some of the
necessary documents that you must provide along with your application
include:
● Proof of identity and residence
● Proof of income (bank account statement, salary slip, ITR forms)
● Certified copy of your degrees and licence (applicable for self-employed
applicants only)

9. All in all, personal loans help many people meet their larger expenses and
come with many benefits.
Muthoot Finance is the country’s largest gold financing company in terms
of loan portfolio. Having an experience that span decades, the company
offers housing finance, gold loan, personal loan, and much more.