Muthoot Capital Services

Three Wheeler Loan

Drive home your dream in just 24 hours. Our flexible repayment options, easy installments and hassle free documentation makes us your banker of choice.

Salient features

  • Flexible repayment options, ranging from 12 to 36 months.
  • Attractive interest rates.
  • Loan approvals in 24 Hrs
  • Repayment through any of Muthoot Fincorp branches across the country.
  • Instalment can be paid daily/weekly/fortnightly/monthly according to the customer's convenience
  • Hassle free loans - no post dated cheques required
  • Easy and simple documentation.
  • Special schemes to suit your needs.
  • Attractive interest rates- 24% (as per applicable scheme)* *

 

Eligibility

  • Self employed person or agriculturist.
  • Age between 21 and 65.
  • Should own land / building /house property in the name of applicant or guarantor.
  • Residence stability: minimum one year in the current address.
  • Business stability: minimum one year.

 

Documentation

  • Valid identity proof: Any one of passport /voters ID card/ driving license/ PAN card
  • Valid address proof: Any one of passport / voters ID card/ driving license/ telephone bill/electricity bill/ gas connection bills/ ration card/ LIC policy.
  • Asset Proof: Latest land/building/house tax receipt
  • Recent passport size photo.

 

FAQ

Q: How long will it take to approve the loan?
A: Within 24* hours of completing the documentation.

Q: How much finance can I avail of ?
A: The minimum loan amount is Rs. 20000/- and the maximum is Rs. 1,20,000*, subject to maximum 85%* of the ex     show room price.

Q: What are the tenure options?
A: You can choose from any of the well-paced repayment options of 12,18, 24, 30, 36,42 or 48 months

Q: How can I remit the monthly installment?
A: By way of cash (daily / weekly / fortnightly / monthly) according to your cash flow, at any of Muthoot Fincorp     branches across the country

Q: Do I have the option of pre-paying the entire loan amount?
A: Yes. You can pre-pay the loan any time, at a nominal charge.

*conditions apply

* * In overdue cases Rs 100 for every defaulted installment and late payment penalty at 5% per month of the defaulted installment amount compounded at monthly rests, will be charged, in the event the repayment is not made on the agreed due date.

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