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 all cases extra interest @36% per annum or Rs. 10/ day whichever is higher, will be charged in the event repayment is not made on due date, as agreed.