Recharge and Pay Bills
Muthoot Finance payment online on Bajaj Finserv
With a rich heritage and a widespread presence, Muthoot Finance has become a trusted name in providing accessible and efficient financial solutions secured against gold assets, catering to the diverse financial needs of individuals and businesses.
Muthoot Finance loan repayment can be done through multiple mediums, including the Bajaj Finserv BBPS platform. You get a simple interface free from technical glitches when you make Muthoot payments online on Bajaj Finserv. Muthoot Finance loan repayment through the Bajaj Finserv BBPS platform is safe and secure, and you will not have to worry about the privacy. You can choose your preferred payment method while making Muthoot loan repayment online.
The Reserve Bank of India (RBI) introduced the concept of BBPS, intending to streamline digital payments. The Bajaj Finserv BBPS platform has made online transactions simpler and accessible to all consumers. You can instantly make your loan payments through the Bajaj Finserv BBPS platform.
-
Know the types of loans provided by Muthoot Finance Limited
Muthoot Finance Limited provides a range of loan options, such as:
Gold Loans: Various gold loan schemes are available with different interest rates and repayment terms.
Housing Finance: Loans are offered for buying or renovating a house or apartment.
Personal Loans: These are unsecured loans, suitable for various personal needs like medical emergencies, debt consolidation, or travel, without the need for collateral.
Vehicle Loans: Loans are available for purchasing a new or used car or two-wheeler.
Small Business Loans: Tailored to meet the financial requirements of small businesses and entrepreneurs.
Micro Finance: Microloans are provided to individuals and small businesses involved in income-generating activities.
Benefits of making Muthoot Finance loan repayment on Bajaj Finserv
Here are the features and benefits of paying Muthoot Finance loan using the Bajaj Finserv BBPS platform:
Quick and hassle-free
With the Bajaj Finserv BBPS platform, you can pay your Muthoot Finance loan quickly and effortlessly.
Safe and secure
The Bajaj Finserv BBPS is a safe and secure payment platform. Your payment details are secure with the platform’s robust security measures.
Multiple payment options
The Bajaj Finserv BBPS platform offers multiple payment options, including debit card, credit card, net banking, e-wallets, and UPI. This allows you to choose the payment method that suits you best.
Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Muthoot Finance gold loan interest rate
Muthoot Finance offers competitive gold loan interest rates, with flexible tenure options and varying loan amounts based on customer needs. Refer to the table below for specific details on interest rates, tenure, and loan amounts.
Name of gold loan scheme Interest rate Loan amount Tenure Restart India Pradhan Gold loan 11.99% p.a Minimum Rs. 5 lakh 12 months Easy pro 18% p.a Rs. 3 lakh to Rs. 4,99,999 12 months Easy max 21% p.a Rs. 1 lakh to Rs. 2,99,999 12 months Super value gold loan 23% p.a Applicable through all ticket sizes 12 months Easy blue 18% p.a Up to Rs. 99,999 12 months Easy scale up 10.95% p.a Minimum Rs. 8 lakh 12 months Muthoot Finance loan payment charges
Muthoot Finance applies transparent loan payment charges, varying based on the loan type and repayment method. Refer to the table below for specific details on payment charges:
Charge Description Rate Service charges (Fresh loan) Rate applicable on loan amount (IPL) Southern branches - 1% (For 12 months period only) Service charges (Fresh loan) Rate applicable per account (ZIL/ZIP) All branches - Rs. 50/loan Service charges on fresh loan under MEI scheme Rate applicable on loan amount All branches - 0.60% of loan amount Top-up services charges Rate applicable on enhanced amount All branches - 2% of enhanced amount
(For GL schemes having 1st slab ROI < 15% with rebate facility)
Security charges (Fresh loan) Rate applicable on loan amount Rest of India - 0.15% of loan amount:
Minimum Rs. 100/- and maximum Rs. 1,000/-
Token charges Rate applicable on loan amount Southern branches: Rs. 20/- for loan up to Rs. 1,00,000/- and
Rs. 100/- for loan above Rs. 1,00,000/-. Other branches:
Rs. 50/- where 1st slab interest rate is < 13% after rebate,
other cases Rs. 50/-
Notice charges (Applicable for pre-payment) Rate applicable on loan amount All branches - 1% of the outstanding loan amount
(Minimum Rs. 100/- and maximum Rs. 1,000/-)
Muthoot Finance loan customer care 24x7
Muthoot Finance provides round-the-clock customer support to address inquiries and concerns. You can reach their dedicated customer care team easily by dialling the following contact number:
Loan type Customer care number Department Phone number Personal loan 1800 313 1212 (24/7) General 1800 313 1212 Gold loan 1800 313 1212 (24/7) General 1800 313 1212 Home loan 1800 313 1212 (24/7) General 1800 313 1212 Business loan 1800 313 1212 (24/7) General 1800 313 1212 Grievance Redressal Cell (North) N/A Grievance 0114 6697754 Grievance Redressal Cell (South) N/A Grievance 0484 6690231
Pay bank loans by other lendersApart from Muthoot Finance loan repayment, you can pay for other loan providers across India, such as Manappuram Finance, IIFL, IDFC First Bank, Hero Fincorp, ICICI Bank, HDB Finance, Mahindra Finance, Axis Bank and many more.
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes are reversed.
Steps to make Muthoot Finance loan repayment on the Bajaj Finserv app
You can make Muthoot Finance loan repayment online on the Bajaj Finserv app by following these steps:
- Download and install the Bajaj Finserv app from Google Play Store or App Store
- Open the app on your mobile phone
- To 'GENERATE OTP,' enter your 10-digit mobile phone number
- Enter the OTP and click the 'PROCEED' button
- Click on 'LOAN REPAYMENT' in the 'FINANCIAL SERVICES AND TAXES' section
- Choose your provider from the drop-down menu
- 'PROCEED' after entering your loan account number
- Choose your preferred payment method and finish the transaction
Steps to make Muthoot Finance loan repayment on the Bajaj Finserv website
Following are the steps to repay your Muthoot Finance loan using the Bajaj Finserv website:
- Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
- Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
- Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LOAN REPAYMENT’
- Choose your biller from the drop-down
- Enter your loan number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, e-wallet, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Pay bank loans by other lenders
Apart from Muthoot Finance loan repayment, you can pay for other loan providers across India, such as Manappuram Finance, IIFL, IDFC First Bank, Hero Fincorp, ICICI Bank, HDB Finance, Mahindra Finance, Axis Bank and many more.
Frequently asked questions
There are quite a few payment options that can be used for Muthoot Finance loan payment. Some of these options are:
- Debit card
- Credit card
- Bajaj Pay Wallet
- Net banking
- UPI
You can pay your Muthoot Finance loan interest amount online using the Bajaj Finserv BBPS platform.
Once the payment is completed, you will get a message for successful payment. You will also receive the bill receipt on email/ SMS/ print form and the transaction ID. A confirmation/ transaction success message will also appear on your screen once the transaction is complete. Check your transaction history for future reference.
The interest rates on personal loans offered by Muthoot Finance start at 14% per annum. The interest varies according to the applicant’s credit history, loan amount, and other aspects.
You can check the status of your Muthoot Finance gold loan by following these steps:
- Go to the official website of Muthoot Finance
- Under the Services tab, choose ‘Gold Loan’
- Click on ‘Check Status of your Gold Loan’
- Enter your username and password
- Solve the captcha
- Click on ‘Login’
- You can check your Muthoot Finance gold loan payment status
You can make Muthoot Finance loan payments using the Bajaj Finserv BBPS platform, for which you will need your loan number. Credit cards, debit cards, net banking and UPI ID are the accepted modes of payment.
If you fail to pay the interest on your Muthoot Finance loan, the NBFC may increase your interest rate and charge extra money for defaulting. It will have a disastrous impact on your credit score, affecting your chances of borrowing money in future.
Before making Muthoot loan online payment, you can check the loan balance by giving a missed call on 08040751515 from your registered mobile number. Once you give a missed call, you will receive a message informing you about the loan balance and outstanding interest.
Follow these steps for Muthoot finance gold loan online payment using a credit card.
- Log in to the Bajaj Finserv website or mobile app
- Enter your name as printed on your PAN card
- Enter your mobile number and click on ‘GENERATE OTP’
- Enter the OTP sent to your mobile number and click on ‘SUBMIT’
- Navigate to the ‘FINANCIAL SERVICES AND TAXES’ segment and click on the ‘Loan Repayment’ icon
- Select ‘MUTHOOT FINANCE’ as your biller from the drop-down menu
- Enter the loan number and click on ‘PROCEED’
- Choose ‘CREDIT CARD’ as your preferred payment mode and pay the interest amount
You can find your Muthoot customer ID printed on the pledge you have signed for availing of the gold loan. You can also get it by contacting the customer care executive or visiting the nearest Muthoot Finance branch.
You can check your Muthoot Finance gold loan details by calling 08040751515.
You can clear your Muthoot gold loan by repaying the principal amount and the interest incurred. Once you complete the Muthoot loan repayment, you can collect your pledged gold from the parent branch that approved your loan.
If you fail to make Muthoot gold loan payment, Muthoot Finance can auction the gold you have pledged. Muthoot Finance reserves the right to sell the gold you pledge as collateral.
Yes, Muthoot Finance provides partial payment options.
Yes, Bajaj Finserv also provides recharge services such as:
- Mobile recharge - Jio, Vodafone Idea, BSNL, etc.
- DTH recharge
- FASTag recharge
- Gas booking - Indane gas, Bharat gas, HP gas, etc.
Yes, Bajaj Finserv also provides bill payment services such as:
- Postpaid bill payment
- Broadband bill payment
- Education fee payment
- Landline bill payment
- Electricity bill - UPPCL, NBPDCL, TNEB, and more
