Muthoot Finance-Personal Loan Repayment

Muthoot Finance is a prominent non-banking financial company (NBFC) in India that offers a range of financial services, including personal loans.

Shriram Finance offers seamless online repayment services for Muthoot Finance Personal loans, ensuring the convenience of customers. We prioritise transparent and accessible repayment methods, showcasing our commitment to customer convenience and a straightforward borrowing experience.

About Muthoot Finance

Muthoot Finance, founded in 1939, is a prominent Indian non-banking financial company renowned for providing affordable loans. With a vast nationwide network, they provide hassle-free personal loans, offering quick processing and disbursal of funds to meet diverse financial needs. Its efficient and excellent customer service makes it a trusted personal loan provider in India.

How to Pay My Muthoot Finance Personal Loan Repayment with Shriram Finance?

Here is a step-by-step guide to make quick loan repayments for Muthoot Finance Personal Loan EMIs online with Shriram Finance:

1. Login to the Shriram Finance website.
2. Navigate to the main menu and click on "Payments," then opt for "BBPS."
3. Choose the "Financial Services & Tax" category and select "Loan Repayment."
4. choose “Muthoot Finance-Personal Loan.”
5. Enter your Loan number and click "Proceed.”
6. Verify your mobile number and click "Continue.”
7. Enter the OTP received on your mobile and click "Verify & Continue.”
8. Review your loan details and click "Pay.”
9. Choose your preferred payment method, enter the required details, and complete the loan payment before the due date.

Why Choose Shriram Finance for Muthoot Finance Personal Loan Repayment

Choosing Shriram Finance for Muthoot Finance Personal loan repayment offers several advantages, including:

1. Convenience: Shriram Finance ensures hassle-free Muthoot Finance Personal loan repayment with a seamless process, saving borrowers time and effort.
2. Quick & Easy: The process is streamlined, ensuring you have a hassle-free experience while making your Muthoot Finance personal loan repayment online.
3. Access to Multiple Services: Shriram Finance offers diverse financial services, becoming a one-stop solution for various needs and enhancing the overall banking experience.

How to Download My Muthoot Finance Personal Loan Repayment Receipts Online?

Shriram Finance offers two convenient options to download your Muthoot Finance Personal Loan Repayment receipts online. It differs for new and existing users.

1. New Users: After completing your Muthoot Finance Personal EMI payment online, click the 'Download Receipt' button.
2. Existing Users: If you are already a registered user, login to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History.' From there, you can easily select the 'Download Receipt' option.

Benefits of Using Shriram Finance for Muthoot Finance Personal Loan Repayment

When it comes to EMI Payment Options for Muthoot Finance, Shriram Finance’s online platform offers several significant benefits:

1. Security: Shriram Finance ensures that your online transactions are secure for Muthoot Finance Personal Loan repayments.
2. User-Friendly Interface: The easy-to-use platform simplifies the Muthoot finance personal repayment process for users.
3. All-in-One Platform: You can access various financial services and manage loan repayments online, in one place.
4. Timely Reminders: Receive prompts for upcoming payments, ensuring timely loan EMI repayments.

How to Check My Muthoot Finance Personal Loan Repayment History?

Shriram Finance offers two convenient options to check your Muthoot Finance Personal Loan Repayment history:

New Users:

a) After completing your Muthoot Finance Personal Loan repayment, click the 'View Transaction History' button.

b) Sign up using your Name, Mobile Number, email ID, and mPIN.

c) You will be redirected to the Shriram Finance Customer Portal.

d) Go to your profile, and then click 'Transaction History' to check your Muthoot Finance Personal Loan repayment history.

Existing Users:

If you are already a registered user, login to your Shriram Finance Customer Portal, go to your profile, and then access 'Transaction History' to check your Muthoot Finance Personal Loan repayment history.

List of Payment Methods Available for Muthoot Finance Personal Loan Repayment with Shriram Finance

Shriram Finance offers convenient online payment options, including debit cards, net banking and much more. For added flexibility, you can also raise collect requests.

What if My Muthoot Finance Personal Loan Repayment fails?

1. Contact the service provider: If your Muthoot Finance Personal Loan repayment fails, promptly contact the service provider to inquire about the issue and explore possible solutions.
2. Raise the request: If your loan repayment fails after completing the payment, you can raise a request from the same page using the Raise a Request link provided in the receipt.

Alternatively,

• If you are an existing user, you can login to your Shriram Finance Customer Portal, visit the “My Profile” section, and then “Raise a Request.”
• If you are a new user, sign up using your Name, Mobile Number, email ID, and mPIN. Then, visit the “My Profile” section to “Raise a Request.”
• If you want to raise a request for a specific transaction, navigate to "Transaction History" and choose the specific transaction, click the "Need Help" button to provide the necessary details of failure and click "Submit.”

3. Customer Support: Reach out to our customer support team for assistance, as we can guide you through the troubleshooting process and help you resolve any billing issues you encounter.

What Happens If I Don’t Pay My Muthoot Finance Personal Loan Repayment on Time?

Failing to pay your Muthoot Finance Personal Loan repayment on time can result in various consequences:

• Negative Impact on Credit Score: One of the most significant consequences is that your credit score can be negatively affected. Late or missed payments are reported to credit bureaus, which can lower your credit score. A lower credit score can make it more challenging to secure loans or credit in the future and may result in higher interest rates on any credit you obtain.
• Late Payment Charges: You may incur late payment charges, based on the specific terms and conditions of Muthoot Finance.
• Discretionary Legal Action: In extreme cases where a significant amount remains unpaid for an extended period, Muthoot Finance might, at its discretion, initiate legal proceedings.

How to Check My Muthoot Finance Personal Loan Repayment Status on Shriram Finance?

Shriram Finance offers two convenient options to check your Muthoot Finance Personal Loan repayment status:

New Users: Click the “View Transaction History” button after completing your loan repayment online, Here, you must enter your name, e-mail address, mobile number, and mPIN to register. After successful registration, you will be redirected to the Shriram Finance customer portal. Go to your profile, click on "Transaction History," and check the status of your most recent loan repayment.

Existing Users: Go to your profile on the Shriram Finance customer portal, click "Transaction History," and check the status of your most recent loan repayment.

Know the Types of Loans Provided by Muthoot Finance

Muthoot Finance provides unsecured personal loans for your personal expenses, tailored to fulfill your financial needs.

How to Calculate My Muthoot Finance Personal Loan Repayment?

To calculate the correct amount for your loan repayment, follow these steps:

1. Go to the Muthoot Finance website or app.
2. Enter the loan amount.
3. Choose the loan tenure.
4. Input the interest rate.
5. Muthoot Finance will provide you with the EMI amount.
6. You can also use online EMI calculators for a quick estimate.

Ensure you meet the eligibility criteria before applying.

What Happens If I Miss an EMI payment on My Loan?

Missing a Muthoot Finance Personal Loan repayment on your loan can have various consequences:

1. Late Fee: You'll likely incur a late payment fee.
2. Negative Impact: It can harm your credit score.
3. Higher Interest: Unpaid interest may increase your overall debt.
4. Difficulty in Availing Future Loans: Future loan approvals might be challenging.

Download the Shriram One App Now

Experience the ultimate convenience of managing all your bills, recharges and bookings on the go! Download the 'Shriram One' App from the Play Store and App Store, and simplify your life with hassle-free payments at your fingertips.