Recharge and Pay Bills
About Muthoot Finance loan repayment 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 online 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 gold loan payment 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 gold loan payment 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.
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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.
Features and 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
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
Bajaj Finserv BBPS platform offers multiple payment options, including debit card, credit card, net banking, 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
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.
How to make Muthoot Finance loan repayment online on Bajaj Finserv
You can make Muthoot Finance loan repayment online using the Bajaj Finserv BBPS platform by following these steps:
- Click on 'DOWNLOAD APP' to open the Google Play Store
- Login through the email ID registered with your mobile
- Click on ‘INSTALL’
- 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
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 choose the Bajaj Finserv BBPS platform for your loan repayment as it keeps your bank details and payment information secure. It also helps you settle your bills or loan payments instantly.
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.
- Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
- Open the app, log in, or register if you are a new user
- Under ‘BILLS AND RECHARGES,’ go to FINANCIAL SERVICES AND TAXES’ and select ‘LOAN REPAYMENT’
- Choose ‘MUTHOOT FINANCE – PERSONAL LOAN’ as your issuer
- 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, 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.
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 Muthoot Finance interest, 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 through 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, 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
