Muthoot Ready Money

Navigating through financial needs has never been easier with the Muthoot Ready Money App. Whether you require a personal loan for immediate expenses or a business loan to fuel your entrepreneurial ventures, our app provides complete loan assistance swiftly and securely. By offering a wide range of loan products, Muthoot Ready Money ensures you find the perfect loan tailored to your needs.

Why Choose Muthoot Ready Money?

Quick Access to Loans

Gain instant access to both Personal Loans and Business Loans with flexible interest rates. Our streamlined process ensures that you get the funds you need without any unnecessary delays.

Personal Loans: Your Quick Financial Solution

Discover the simplest way to apply for personal loans online with the Muthoot Ready Money app. Our platform provides the best interest rates and rapid loan approvals, allowing you to secure the funds you need effortlessly. Forget about tedious paperwork and long queues—our app brings you competitive rates from reputable lenders, all at your fingertips.

Calculate Your EMI with Ease

Simplify your EMI calculations using our intuitive loan EMI calculator. Within the app, you can find a flexible EMI calculator to help you arrive at a comfortable repayment plan that aligns with your financial goals.

Details for Personal Loans

• Tenure: 12 months to 60 months
• APR: Minimum 14%, Maximum 28%

Example Calculation

If you borrow ₹100,000 for a tenure of 12 months with an interest rate of 14%, the total interest to be paid is ₹7,745. Here is a detailed breakdown:

• Loan Amount: ₹100,000
• Processing Fee: ₹3,000
• Franking Charges: As per state law
• Net Amount Credited to Customer: ₹96,500
• Interest Rate: 14%
• Tenure: 12 months
• Total Payment After 12 Months: ₹107,745
• Total Interest (Cost): ₹7,745

Business Loans for SMEs: Empowering Your Business Growth

Introducing Muthoot Ready Money, the ultimate financial solution for Small and Medium Enterprises (SMEs). Our app is designed to empower SMEs with quick and convenient access to funding. Whether you're aiming to expand operations, purchase new equipment, or manage cash flow, Muthoot Ready Money is dedicated to supporting your business growth. With transparent terms, streamlined processes, and personalized loan options, securing financing has never been easier. Focus on what matters most—nurturing and developing your business.

Example Business Loan Calculation

• Loan Amount (Principal): ₹200,000
• Tenure: 24 months
• Interest Rate: 25% per annum
• Processing Fee (incl. GST): ₹6,000 (3%)
• Total Interest: ₹56,183
• EMI: ₹10,674
• APR: 25%
• Total Loan Repayment Amount: ₹256,183

Breakdown of Costs

• Principal Amount: ₹200,000
• Interest Amount: ₹56,183
• Processing Fees: ₹6,000
• Total Cost of the Loan: ₹62,183

Eligibility Criteria

To qualify for a loan with Muthoot Ready Money, you need to meet the following criteria:

• Minimum Age: 25 years
• Average Monthly Balance: Monthly EMI x 2

How to Get Started

1. Download the Muthoot Ready Money App: Available on the Google Play Store and Apple App Store.
2. Create Your Account: Sign up with your basic details.
3. Fill Out Information Form: Provide necessary personal and financial details.
4. Upload KYC Documents: Submit your ID, address proof, and PAN card.
5. Get Loan Approval: Wait for your application to be reviewed and approved.
6. Receive Funds: Once approved, the loan amount will be directly transferred to your bank account.

Security and Privacy

At Muthoot Ready Money, we prioritize the security and privacy of your data. Our app uses advanced encryption measures to protect your personal and financial information, ensuring that all transactions are secure and confidential.

The Muthoot Ready Money App is your gateway to quick and reliable financial solutions. Whether you need a personal loan to cover immediate expenses or a business loan to grow your enterprise, Muthoot Ready Money provides a seamless borrowing experience with competitive rates and flexible terms. Download the app today and experience the convenience of instant financial assistance. Take control of your finances and unlock your potential with Muthoot Ready Money.