Digital MSME Loan: 
Our MSME Loans are designed to be flexible and customisable, so you can get the quick funding required to grow your business. Whether you're new to business, experiencing a slowdown, or need funds for any other purpose, our tailor-made Business Loan / EDI Loan products can help you get the money when you need it the most through our anchor partnership program along with flexible repayment options. The products are designed prominently keeping in mind the nuances of MSME segment and should:
Business Loan – Revolving Credit Product:
EDI Loans
| MSME Loans Ranging From | INR 10,000 to INR 5,00,000 |
| Rate of Interest | 18% - 36% per annum (Reducing Balance Rate) |
| Tenure | 12 Months |
| Documents Required | PAN, Address Proof (Aadhar, Driving License), Bank Statement, Business registration proof |
| Processing Fee | Ranging 1% - 4% |
| Product | Business Loan - Revolving Credit |
| Loan Amount | ₹ 1,00,000 |
| Loan Tenure | 12 months |
| Tranche Tenure | 30 Days |
| Interest Charged | ₹ 1500 (18% per annum for 30 days tranche) |
| Processing Fee (One Time Charge) | 2180 (2% of Loan Amount- 2000+ GST @18%= 180) |
| Amount Disturbed | ₹ 1,00,000 |
| Tranche Payment (On 30th Day) | 101500/-* |
| Revolving Credit Product | A Revolving Facility allows a borrower to take multiple drawdowns up to a maximum of approved credit limit and the withdrawable limit is subject to repayment of tranches on or before defined due dates. |
*The annual interest rates will vary as per the risk profile of the customers.
*For all / cohort of customers a verification of business premises can be done through MFL or through authorised agency
*Interest is calculated considering complete limit utilisation and on 1 tranche of 30 days and rounding off is done for ease in calculation.
| Loans Ranging From | INR 10,000 to INR 5,00,000 |
| Rate of Interest | 24% - 36% per annum (Reducing Balance Rate) |
| Tenure | Ranging 3 - 24 Months |
| Documents Required | PAN, Address Proof (Aadhar, Driving License), Bank Statement, Business registration proof (not required in case of personal loan) |
| Processing Fee | Ranging 1% - 10% |
| Product | EDI - Term Loan |
| Loan Amount | ₹ 90,000 |
| Loan Tenure | 12 months |
| Interest Charged | ₹ 16,200 (18% per annum for 12 months on Flat Rate while reducing balance interest rate is 31.72%) |
| Processing Fee (One Time Charge) | 1980 (2% of Loan Amount- 1800+ GST @18%= 180) |
| Amount Disturbed | ₹ 88020 |
| Daily Tranche Payment for 365 Days | 291** |
| EDI Term Loan Product | EDI is a Daily installment loan where a borrower makes daily payments towards their loan. Daily repayments are reduced from the principal outstanding in the proportionate manner. |
*The annual interest rates and processing fees will vary as per the risk profile of the customers.
*For all / cohort of customers a verification of business premises can be done through MFL or through authorised agency.
*Rounding off is done for ease in calculation.
Customers who wish to provide feedback or send in their complaint may use the following channels between 09:00 am and 6:00 pm, on Monday to Saturday (except on national holidays).
Internal Machinery to handle the customer complaints.
Call
1800 102 1616 (Toll free)Write to us
Muthoot Fincorp Limited, Muthoot Centre, TC No 27 / 3022, Punnen Road, Thiruvananthapuram, Kerala, India - 695001In case the complaint is not resolved within the given time or if he/she is not satisfied with the solution provided, the customer can approach the Grievance Officer of Muthoot FinCorp:
*Contact between 09.00 am to 6.00 pm (Monday to Saturday except on National Holidays)
Address
Salarpuria Tower II, ONE Muthoot, 315 Work Avenue KRM1, 2nd Floor, #32, Hosur Rd, beside Nexus (Forum) Mall, Chikku Lakshmaiah Layout, Adugodi, Bengaluru, Karnataka 560095
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G-501, Maple Heights Apartments, Sushant Lok I, Block C, Gurugram, Haryana, 122009
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Unit A, 6th Floor,Techniplex I, Techniplex Complex opp Veer Savarkar Flyover, Goregaon Mumbai, Mumbai City Maharashtra 400062, India.
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Muthoot Capital Services Limited, 3rd Floor, Muthoot Towers, MG Road, Kochi – 682 035
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H.No. 8-2-293/82/A, Plot No - 1293/A, Road No - 63, Jubilee Hills, Hyderabad, India – 500033
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GNGi Elite, 11/3, Bomanahalli, Hosur Road, Bangalore
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Indiqube Edge, Bellandur, Bengaluru Karnataka, India – 560103
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4th Floor, 91springboard Lotus,Plot No. D-5 Road No. 20, Marol MIDC, Andheri East, Mumbai,Maharashtra 400069
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Office-2, Floor 4,5,6,7, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bangalore, Karnataka – 560103
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24th, 1,2 & 3 floor, 150/2 Enzyme Diamond, 7th Cross Rd, 1st Sector, HSR Layout, Bengaluru, Karnataka 560102
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7th and 12th Floor, Building 8C, DLF Cyber City, Phase 2, Gurugram, Haryana - 122008
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No. 17, 3rd Floor, Survey, 1A, Outer Ring Rd, Kadubeesanahalli, Bellandur, Bengaluru, Karnataka 560087
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