Muthoot Finance, an NBFC established in 1939 and headquartered in Kochi, offers a loan against property with interest rates ranging from 16% to 24%. The loan amount ranges from ₹2 lakh to ₹50 lakh, with tenure spanning 24 to 180 months.
The lender structures this offering into four tiers: Saral (₹2 lakh to ₹5 lakh, 24 to 84 months, 24%), Saral Plus (₹5.01 lakh to ₹10 lakh, 24 to 120 months, 22%), Shakti (₹10.1 lakh to ₹25 lakh, 24 to 180 months, 18%), and Samman (₹25.01 lakh to ₹50 lakh, 24 to 180 months, 16%). Required documentation includes the application form, KYC, property documents, income proof, and 6 months of bank statements. Processing fee, prepayment penalty, rate type, minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
As published by Muthoot Finance. Your branch may ask for more.
LAP is secured against property, so the rate is lower and the tenure longer than an unsecured personal loan — better when the need is large and long-term. The trade-off is a legal/valuation process and your property as collateral.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.