East Mumbai-400098, Maharashtra,
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Documents & Eligibility

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Documents & Eligibility

Eligibility Criteria

Who Can Apply?

We assess each application individually and fairly. Check if you meet our basic eligibility requirements before applying.

Eligibility Requirements
Age
21 – 60 years At the time of loan maturity
Minimum Income
₹20,000 / month Net in-hand salary
CIBIL Score
650+
Preferred. Lower scores considered case-by-case with additional documentation.
Employment Stability
Min. 1 year total experience At least 6 months with current employer
Nationality
Indian Resident Only
Good to Know Tips for borderline applicants

Borderline applicants may be offered a lower loan amount or a shorter tenure based on risk assessment.

Adding a co-applicant with strong credit may significantly improve your eligibility and loan terms.

Check your CIBIL report for errors before applying — correcting errors can improve your score quickly.

Eligibility Requirements
Age
25 – 65 years At the time of loan maturity
Minimum Income
₹25,000 / month Net assessed income from ITR
CIBIL Score
675+
Preferred. Applications with lower scores reviewed individually with supporting financial documents.
Business Stability
Min. 2 years continuous Business or professional practice with valid income proof
Nationality
Indian Resident Only
Good to Know Tips for self-employed applicants

ITR filed for the last 2 financial years is strongly recommended for faster processing and better loan terms.

Cash income without documented proof may limit the loan amount assessed — maintain proper ITR records.

GST registration, trade licence or professional certificate serves as valid business existence proof.

All eligibility criteria are indicative and subject to individual credit assessment. Meeting the minimum criteria does not guarantee loan approval. Shri Muthut Finance reserves the right to seek additional documents or decline an application based on credit assessment.
DOCUMENT CHECKLIST

Documents Required to Apply

Keep the following documents ready before starting your loan application.

Salaried Applicants

Income & Employment Verification
PAN Card

Identity verification

Aadhaar Card

KYC & address proof

Salary Slips

Last 3 months

Bank Statements

Last 6 months

Form 16 / ITR

Annual income proof

Employer ID

Employment verification

Photograph

Passport-size photo

Self-Employed Applicants

Business & Income Verification
PAN Card

Identity verification

Aadhaar Card

KYC & address proof

ITR

Last 2 years

Bank Statements

Last 12 months

Business Proof

GST / Licence / Certificate

P&L Statement

Audited financials

Photograph

Passport-size photo

Additional documents may be requested based on loan amount, credit assessment, or applicant profile.
FEES & CHARGES

All Fees & Charges Table

Transparent disclosure of applicable fees, charges, and borrower-related costs as per RBI Fair Practice guidelines.

Charge Type Amount / Rate When Applicable Notes
Interest Rate 10.5% – 24% p.a. Throughout loan tenure Offered rate depends on credit profile, income, and tenure. Confirmed in sanction letter.
Processing Fee 1% – 3% of loan amount At disbursement Deducted upfront and non-refundable after disbursement.
GST on Processing Fee 18% on processing fee At disbursement Applicable as per prevailing government GST rates.
Penal Interest 2% per month On delayed EMI Charged on overdue amount in addition to regular interest.
Cheque / ECS Bounce ₹500 per instance On payment dishonour GST applicable. Repeated bounces may affect credit score.
Loan Cancellation ₹1,000 + GST Post disbursement Processing fee non-refundable. Usage interest applicable.
Prepayment / Foreclosure Nil (Zero) After first EMI No charges for partial or full early repayment.
Statement of Account ₹100 + GST On request One statement per year provided free of cost.
Duplicate NOC ₹200 + GST After loan closure Original NOC provided free after loan closure.
!

RBI Fair Practice Code Compliance

All fees and charges are disclosed prior to loan acceptance in accordance with RBI Fair Practice Code guidelines for NBFCs. No additional charges will be levied without prior written intimation.

Shri Muthut Finance Pvt. Ltd. does not collect any upfront cash payment before loan disbursement. If anyone demands cash in our name, please report it immediately or contact the cybercrime helpline 1930.

COMPANY INFORMATION

Corporate & Regulatory Details

The following information is provided for transparency, regulatory reference, and customer awareness purposes.

Company Name Shri Muthut Finance Pvt. Ltd.
Corporate Identity Number (CIN) U12345MH2026PTC123456
RBI Registration Category Non-Banking Financial Company (NBFC)
Registered Office [Your Registered Office Address Here]
Customer Support Email support@ShriMuthutfinance.com
Customer Support Number +91 XXXXX XXXXX
Working Hours Monday – Saturday | 9:30 AM – 6:30 PM
Grievance Redressal Available through official support channels
Important Notice: Loan approval, interest rates, and repayment terms are subject to internal credit assessment, applicant eligibility, documentation verification, and applicable regulatory guidelines. Customers are advised to read all loan-related documents carefully before acceptance.
CUSTOMER EXPERIENCES

What Our Customers Say

Testimonials shared below reflect individual customer experiences. Loan approval, processing timelines, and repayment experience may vary based on applicant profile, documentation, and eligibility assessment.

★★★★★

“I applied for a Medical Emergency Loan during a difficult family situation. The documentation process was explained clearly and the loan terms were shared before acceptance.”

R

Ramesh Nair

Pune, Maharashtra • Medical Emergency Loan
★★★★☆

“The loan officer explained processing charges, repayment tenure, and EMI details properly before disbursement. The process felt structured and transparent.”

S

Sunita Sharma

Jaipur, Rajasthan • Wedding Loan
★★★★★

“I consolidated multiple repayments into a single EMI. The team advised me to compare repayment costs before making a final borrowing decision.”

A

Arjun Mehta

Bengaluru, Karnataka • Debt Consolidation Loan
★★★★☆

“Document verification and communication were handled professionally. The support team answered my repayment and loan agreement related queries patiently.”

N

Neha Verma

Delhi • Personal Loan
★★★★★

“The online application process was straightforward. I appreciated that charges and repayment details were shared before signing the agreement.”

V

Vikram Patel

Ahmedabad, Gujarat • Business Support Loan
★★★★☆

“The staff guided me throughout the application process and clarified the EMI schedule before final approval. Overall communication was smooth.”

P

Priya Kulkarni

Mumbai, Maharashtra • Education Loan
Testimonials are based on individual customer experiences and are provided for informational purposes only. They do not guarantee similar outcomes for all applicants. Loan approval, processing time, interest rate, and disbursement are subject to internal credit assessment, eligibility verification, and documentation review.
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