Auto Loan by Muthoot Blue
The close to 3500 branches of Muthoot Fincorp, across the country are actually like financial supermarket. Apart from Gold Loan and Small Business Loan, that are Muthoot Fincorp’s own products, the Muthoot Fincorp branches also help the customers with various Muthoot Blue Group’ companies’ products as well. Like Two-wheeler & Used-car Loan, amongst several other products for the fulfilment of the needs & desires of the common man. Getting finance for your automobile is now easy and convenient. We provide loans for two wheeler and used cars at attractive interest rates, easy EMIs and flexible repayment options with fast approvals and disbursement. Walk into your nearest Muthoot Fincorp branch or spot Muthoot Blue representative at automobile dealerships for a quick and hassle-free auto loan. You may also call us on 1800-102-1616 for all information.
Muthoot Blue specializes in providing auto loans for the common man
Up to 100% loan of the on-road price of bikes and scooters at attractive interest rates starting at 0.99%* p.a. and easy EMIs.
Used Car Loans
Your dream of owning a car is now a reality with our Used Car Loans. We offer hassle-free loans to buy a used car of choice at low interest rates.
Benefits and Features of Auto Loan from Muthoot Blue
An automobile is a symbol of style for many, and a matter of convenience for the one who owns it. Whether you are looking for a second-hand car or a brand new bike or scooter, Muthoot Blue takes you closer to it with its unique auto finance schemes. A combination of a few factors makes us your preferred partner for auto loans:
Flexible Repayment Options
Understanding your needs, we offer flexible repayment options. You can choose loan tenures… read more ranging from 12-48 months for two-wheelers and 12-60 months for second hand cars.
Quick and Easy Documentation
Muthoot Blue makes the process of loan approval and disbursement quick and easy. … read more We have specified minimum documents to make the process convenient to save your time for other useful things in life.
Attractive Interest Rates & Special Schemes
At Muthoot Blue, we are committed in offering you the attractive interest rates on our loans. … read more Additionally, we make the loan more attractive with low down payment options and flexible EMIs schemes.
Maximum Loan Coverage
Our loan to value is among the best in the industry with 100% on Two Wheelers under specific… read more schemes and up to 90% on Used Car. Please contact our customer care representative at 1800-102-1616 for details.
Last Mile Presence
With close to 3500 branches and growing, nationwide, you can walk into your nearest Muthoot Fincorp branch and get … read more the loan you need to own your dream ride.
Auto Loan Eligibility Criteria
Our auto loan eligibility criteria is simple because we wish to help everyone achieve freedom & benefits of mobility. The eligibility criteria vary as per the applicant’s employment status.
- Age of the Applicant – The minimum age when applying for the loan should be 18 years for two-wheeler loans and 21 years for used car loans. The maximum age when the loan comes to an end should be 65 years.
- Income – Income requirements will vary across loan categories and whether you are salaried or self-employed.
Hassle Free Documents for Auto Loans
Our auto finance documentation is easy and hassle-free. Just put together the following documents and help yourself to a convenient auto financing with Muthoot Blue.
- Passport / Ration card / Voter ID / Driving License / Electricity or Landline bill issued within the previous 3 months / Registered Rental Agreement
- Driving License / Voters ID Card / Passport / Ration Card / Driving License / Photo Credit Card / PAN Card / Employee ID card for Government servants
- Income requirements will vary across loan categories and whether you are salaried or self-employed.
How to Apply for an Auto Loan from Muthoot Blue
We ensure a trouble-free auto finance experience keeping all your requirements and convenience in mind and we make it easy for you to apply for a loan. You can check out the option that best suits your needs.
Walk into Muthoot Fincorp Branches
Our executive at the Muthoot Fincorp branch will help you understand all the requirements and complete the loan application process very quickly
Muthoot Blue representative at the automobile dealership
At the dealership, spot the Muthoot Blue representative for best consultation and they will help you complete the loan application with no hassle.
Please click here to visit the corporate website of Muthoot Capital Services Limited. Click on Apply Now, fill in the details, and click submit. Our customer care representative will get in touch as soon as possible to complete the formalities.
M-Power Mobile App
Download our app and apply.
Our call centre executives will help you understand the eligibility criteria and take you through all the benefits and schemes of our Two-wheeler loan and Used Car loan. All you have to do is call on 1800-102-1616 and choose your desired language to converse.
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Frequently Asked Questions
Auto loan is a way to finance the purchase of vehicles such as scooters, bikes, cars etc. Once the loan is taken to buy an automobile, the customer makes monthly payments to repay the same over the period chosen under the auto loan scheme. The auto loan terms depend on your income and credit history, among other factors.
To get an auto loan, the following documents are needed:
- A proof of identity: Any one of the following – passport, Aadhaar card, voters ID, diving license and PAN card.
- An address proof: Any one of the following passport, Aadhaar card, voters ID, driving license, telephone bill, electricity bill, gas connection bill, ration card and LIC policy.
- Income proof: Any one of the following, income tax return, form 16, pay slip, and salary credit in bank statement.
- Asset proof: Latest land/building/house tax receipt.
- A recent passport size photo.
At Muthoot Fincorp, the interest rates for Two Wheeler Loan start as low as 0.99%* per annum and 8.99%* per annum for used car loans. Visit any Muthoot Fincorp branch or call us on 1800-102-1616 for complete information. *Terms and conditions applicable.
Muthoot Fincorp has auto finance options for up to 100% of the on-road price of the vehicle purchased including two-wheeler and used car. Visit any Muthoot Fincorp branch for more details.
To be eligible for a two-wheeler loan from Muthoot Fincorp:
- A salaried person should make an income of Rs 96,000 per annum
- A self-employed person should make a net profit of Rs 1,20,000 per annum.
To be eligible for a used car loan from Muthoot Fincorp:
- A salaried person should make an income of Rs 15,000 per month
- A self-employed person should make a net profit of Rs 1,50,000 per annum.
Auto loan from Muthoot Fincorp can be prepaid at any time. You will only have to pay a nominal charge for this. There are no hidden charges involved when you opt for auto finance from Muthoot Fincorp. Contact 1800-102-1616 for details.
If you are looking to finance your automobile purchase make sure that:
- Your credit report is up to date
- Estimate how much EMI can you afford. As a rule of thumb EMIs should be less than 10% of your income.
- Walk into any Muthoot Fincorp branch or apply online for your auto loan.
Why Choose Muthoot Blue for an Auto Loan?
Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man with Blue Soch. Hence, our auto loans are designed to make it easy to own one’s dream ride!
- We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a 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.