Muthoot Microfin is a pioneer in product innovation and design. The institution’s products are fundamentally designed for the empowerment of women through economically activating them. Our clients are economically backward women entrepreneurs from rural areas and urban slums, for whom formal financial services are unreachable.
The institution’s product basket - including Livelihood, Health & Hygiene and Life Betterment solutions - addresses the life cycle needs of disadvantaged communities living in the remote corners of the country. The institution further supports the women entrepreneurs with skill training programs, business acumen trainings and financial literacy classes.
- Livelihood Solutions
- Health and Hygiene
- Life Betterment Solutions
With an aim to help you generate regular income or get started on a complete livelihood solution, we offer income generating loans and dairy loans as a part of our livelihood solutions.
Muthoot Microfin offer loans to support client financial leverage and household and business economy development. We strongly believe that income-generating livelihood activities are primarily women-led. And so, to empower the women in rural areas to take charge and become entrepreneurs, we offer loans to provide capital for their small businesses.
We strive to promote gender equality by providing livelihood solutions to women in rural areas, thus improving household well-being.
| Loan Amount | Rs 10,000 - Rs 80,000 |
| Tenure | 12 – 24 months |
| Rate of Interest | 22% |
| Processing Fee | 1% |
In an effort to improve the health and hygiene standards the homes and surroundings of our customers, we offer health and hygiene loans. You can now have access to clean drinking water with our water purifier loan.
The lack of hygiene practices and unavailability of clean and potable water are the reason for 21 per cent of communicable diseases in India. This calls for an immediate action to improve the quality of water accessible in India today.
To help decrease the number of diseases due to unclean water, Muthoot Microfin provides water purifier loans to ensure that each household gets clean drinking water.
| Loan Amount | Rs 2,832 - Rs 8,748 |
| Tenure | 6 – 12 months |
| Rate of Interest | 24% |
| Processing Fee | 1% |
Educating children for a brighter future is now possible with our Muthoot Shiksha loan. Our other loans are designed towards helping you own essential products required to function optimally. Some of our loans are Education loan, Mobile Phone Loan, Solar Lighting Product Loan, Bicycle Loan, and Pressure Cooker Loan.
Muthoot Microfin’s Bicycle Loan is easy to avail with only a 1 per cent processing fee. We have entered into agreements for the financing of bicycles purchased by our borrowers.
We also offer Pressure Cooker and Solar Lighting loans to make the lives of rural area residents more comfortable.
| Loan Amount | Rs 2,174 - Rs 30,000 |
| Tenure | 8 – 24 months |
| Rate of Interest | 21.85% - 25.65% |
| Processing Fee | 1% |
Key benefits of microfin in India include:
- Access to credit for the marginalised sections of the society
- Access to education and healthcare for families residing in rural areas
- Income and nutrition for families, especially women
- Smaller loans do not burden the individual and family and repayment is in easy instalments
- An entrepreneur once successful will hire others, and it will lead to job and wealth creation
- Significant economic gains for the nation as a whole
Eligibility Criteria
Applicants must meet the following requirements to be eligible for the loan:
- Should fulfil KYC documents requirements
- Age should be between 18 to 60 years
- Should not have an adverse credit record
- Should meet the acceptable credit norms as per RBI andMuthoot Microfin
- Should be part of a group of customers who are willing to guarantee each other for the repayment of loan
How to Apply
- Visit the nearest Muthoot Microfin branch and our Relationship Officer will guide you on the application process.
- Call us on our toll-free number 1800 1027 631and our Relationship Officer will fix a doorstep service appointment to help you with the application process.
For Terms and Conditions, please contact the nearest Muthoot Microfin branch.
Loan approval is at the sole discretion of Muthoot Microfin Limited.
Easy Documentation
A complete KYC process is required to take a microfin loan.
The documents required are:
- Primary ID:
- Aadhaar
- Secondary ID:
- Voter ID card
- PAN card
- Passport
- Driving licence
- MGNREGA Card
- Letter issued by Government authorities
- Passbook of nationalised banks
- Address Proof:
- Voter ID card
- Aadhaar
- Passport
- Driving licence
- MGNREGA Card
- Letter issued by Government authorities
- Passbook of nationalised banks
- Life Insurance policy or latest Premium receipt
- Rent agreement
- Consumer gas connection card/Book
- Utility bills (not more than 90 days old)
Customer Success Stories
Parakodu is a small village in Kerala’s Pathanamthitta District where living standards of most of its inhabitants remain modest. 52 year old Girija Mohan and her family was one among the hundreds of families living in half poverty until her fortunes turned two years ago. Girija, her husband Mohan, who is a daily labourer, and their three children were entirely... read more
Girija MohanParakodu, Pathanamthitta
Parakodu is a small village in Kerala’s Pathanamthitta District where living standards of most of its inhabitants remain modest. 52 year old Girija Mohan and her family was one among the hundreds of families living in half poverty until her fortunes turned two years ago. Girija, her husband Mohan, who is a daily labourer, and their three children were entirely... read more
Chirumillah ShobhaParakodu, Pathanamthitta
Why Muthoot Microfin?
Muthoot Microfin is a part of Muthoot Blue (Muthoot Pappachan Group). Muthoot Pappachan Group has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction and steady growth. We believe that the history of Muthoot Pappachan Group in working with customers from the bottom of the economic pyramid, helps us better address the needs of our target customers. We are passionate about helping people from the bottom of the pyramid to realize their dreams. Our brand identity possesses an unwavering commitment to financial inclusion.
You can trust Muthoot Blue because:
- We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a microfin loan quickly and without any hassle.
- Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
- Our customer-centric approach and innovation over the past +132 years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.