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Shvoong Home>Business & Finance>Investing>Muthoot Finance Personal Loan Review

Muthoot Finance Personal Loan

Article Review   by:GHMisha    
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Recently, I faced a problem in which I needed some money and that’s also quickly. My relationships were already exhausted and the only source where I could look with some hope was banking sector. After getting a ‘not possible’ reply from almost every public sector bank, I approached Muthoot Finance for a personal loan. Today, I am out of that crisis all because of this company since they sanctioned the loan in quite a little time. It was really unbelievable for me than any financial institutions can give loan in a single day. However, that is what Muthoot did. I got money the same day I applied.

Three things that I like most about this institutions and which compelled me to write a positive review about them is their fastness in processing loan, their hassle free delivery and surprisingly low interest. Though, the interest that I have to pay monthly is not the lowest in the industry, but still it is lower than many other players. Then, the hassle free in processing is quite relieving. Since, a person, like me, is approaching the bank for loan in some problem then being a problem-free delivery is nothing but a boon for that person. I must say that I was not only surprised, but also thanked the manager by heart.

However, one thing that I didn’t like about this institution is the high amount that I had to pay as processing fee. Though, their delivery is quite fast and they deserve to take something more than other financial institutions, but what they are charging is over the limit. In fact, they have charged astronomical amount as processing fee from me. This is one, though a serious, drawback in the whole loaning procedure of this bank. Other than this, I didn’t find anything that can be said to be negative for this financial institution.

Published: February 02, 2011   
Please Rate this Review : 1 2 3 4 5
  1. Answer   Question  :    How to apply personal loan Amout Of 1 Lakhs! ( 1 Answer ) View All
  1. Answer  :    personel lone 100000 please orgent sir lone details.com Sunday, April 13, 2014
  1. Answer   Question  :    HI I AM LOOKING FOR PERSONAL LOAN 400000 Source: http://www.shvoong.com/business-management/investing/2110963-muthoot-finance-personal-loan/#ixzz2xG0aVzfg View All
  1. Answer   Question  :    Iam looking for 1lkh loan amount, could you contact me please? View All
  1. Answer   Question  :    eligibility for personal loan ( 1 Answer ) View All
  1. Answer  :    HI I AM LOOKING FOR PERSONAL LOAN 50000 Monday, March 31, 2014
  1. Answer   Question  :    1 View All
  1. Answer   Question  :    I REQUIRES PERSONAL LOAN FOR RS.65000 ( 2 Answers ) View All
  1. Answer  :    Hi I need 80000 personal loanc Saturday, March 15, 2014
  1. Answer  :    OK Wednesday, March 12, 2014
  1. Answer   Question  :    HI I AM LOOKING FOR PERSONAL LOAN 300000 DEV 8681047042 ( 1 Answer ) View All
  1. Answer  :    CALL ME URGENT ON 9821257606 Tuesday, March 25, 2014
  1. Answer   Question  :    Hi i am looking for personal loan Rs.200000 Ashish 8494943557 View All
  1. Answer   Question  :    What eligibity do they expect from the loan seekers. View All
  1. Answer   Question  :    Hi....Am working with disributors of ITC in Cochin. I require Rs 2 lakhs personal laon on an urgent basis. Please advise. Regards Roshan (9946219165) View All
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