With Muthoot Ready Money App, get complete loan assistance quickly.

With our online loan app, you can view all Personal Loan and Business Loans, choose the one that suits you, and track your application

Why Choose Us?

Quick access to loans - Get instant access to Personal Loans and Business Loans at flexible interest rates.

Personal Loan -
Discover the easiest way to apply for online personal loans! Our app offers the best interest rates and quick loan approvals, ensuring you get the funds you need without delay. Say goodbye to lengthy paperwork and queues - with just a few taps, you can access competitive rates from reputable lenders. Enjoy a user-friendly interface and flexible repayment options tailored to your financial goals. Take control of your finances today.

Calculate Your EMI - Simplify your EMI calculations with our loan EMI calculator. You can calculate your EMIs for personal loans in one place. Within our online loan app, you can also find the flexible EMI calculator to arrive at the EMI you are comfortable with.

Details for Personal Loans:

Tenure
12 months - 60 months

APR, including the interest rate and other fees, offered to customers:

Minimum APR - 14%

Maximum APR - 28%

Example: If the Personal Loan Amount is Rs. 100,000, tenure is 12 months and the interest rate is 14% then the total interest to be paid is Rs. 7,745. Calculation including other applicable charges is as below:

Loan Amount

Rs. 1,00,000

Processing Fee (Cost)

Rs. 3,000

Avg Franking charges as per State law (Cost)

Rs. As per state act

Net Amount Credited to customer

Rs. 96,500

Interest rate

14%

Tenure

12 months

Total payment after 12 Months

Rs. 1,07,745

Interest (Cost)

Rs. 7,745

Business Loan - SME

Introducing Muthoot Ready Money, the ultimate solution for SMEs in need of business loans. Our user-friendly app is designed to empower small and medium-sized enterprises with quick and convenient access to funding. Whether you're looking to expand your operations, purchase new equipment, or manage cash flow, Muthoot Ready Money is eager to support your business growth. With streamlined processes, transparent terms, and personalized loan options, we make securing financing effortless, allowing you to focus on what matters most—nurturing and developing your business. Download Muthoot Ready Money today and unlock the financial potential of your SME.

Loan amount (Principal): ₹ 20,0000

Tenure: 24 months.

Interest Rate: 25% per annum.

Processing Fee (incl. GST): ₹6000 (3%).

Total Interest: ₹ 56183

EMI: ₹ 10674

APR: 25%.

Loan amount is ₹ 30,0000. Disbursed amount is ₹ 194000

Total loan repayment amount is ₹ 256183.

Total Cost of the Loan = Interest Amount + Processing Fees = ₹56183 + ₹6000 = ₹62183.

Eligibility Criteria:

• Minimum age - 25 years

• Avg Monthly Balance : Monthly EMI x 2

Experience the difference with Muthoot Ready Money App. Download the app now!