Muthoot FinCorp ONE

Muthoot FinCorp ONE

About this app

Muthoot FinCorp ONE is an all-in-one financial app for loans, investments, savings, insurance, payments, and money transfer services. An SBU of Muthoot FinCorp Ltd., it is backed by a legacy of 138+ years & the trust of more than 1 crore customers.

🚀 All Your Financial Needs in One App
🔸 Loan Marketplace
Apply for multiple financial products offered by RBI-regulated banks and NBFCs, including:
• Gold Loan
• Two-Wheeler & Used Car Loan
• Housing Loan
• Personal Loan
• Business Loan
• Education Loan
• Loan Against Property
• Loan Against Mutual Funds
• Credit Cards

Muthoot FinCorp ONE app acts as a loan marketplace/loan facilitator, not a direct lender. All loan decisions, interest rates, APR, processing fees & eligibility are determined solely by the respective regulated lender.

🔸 Gold Loan Services
• Apply for Gold Loan Prime
• Get a Gold Loan at branch
• Apply for Gold Loan top-up
• Check eligibility & Gold Loan value

🔸 Savings & Investment Products
• Buy eSwarna Digital Gold• Invest in Swarnavarsham
• Book Fixed Deposits
• Invest in NCDs
• Open Demat & Equity Account

🔸 Insurance Marketplace
Compare & buy insurance plans from regulated insurance partners:
• Personal Accident & Critical Illness
• Health & Medical Cover
• EMI/EDI Protection
• Daily Hospicash
• Cyber Insurance
• Motor & Life Insurance

🔸 Payments
• Do Mobile/DTH recharges
• Pay Utility bills
• Make Credit Card bill payments

🔸 Forex & Money Transfer
• Buy Forex currency
• Apply for Forex card
• Send money abroad
• Make Indo-Nepal & Domestic Money Transfer

🔸 Additional Features
• Credit Score check (via licensed credit bureau)
• Muthoot Blue Rewards & Referrals

Loan Terms & Conditions
Gold Loan
● Loan Amount: ₹1,000 (min) to maximum as per policy
● Tenure: 180–365 days
● Interest Rate: 11.99%–30% p.a.
● Processing Fee: 0%–0.3%
● Foreclosure Fee: Nil
● Representative Example:
Gold Loan Example: For a ₹5,00,000 loan at 12.99%* annual interest, a customer paying only interest every 30 days for 270 days will pay ₹48,045 as interest. The processing fee is ₹25 (including GST); the total payable amount is ₹5,48,070 by the end of the 270-day tenure. Principal repayment is flexible within the 270-day tenure.
*Note: Figures may vary with gold rates & schemes.
Final rates depend on the Gold Loan scheme & gold rate per gram.

Personal Loan
● Loan Amount: ₹20,000 to ₹1 Cr
● Repayment Tenure: 6 to 96 months
● Rate of Interest: 10.5% to 30%
● Processing Fees: Up to 3.54% of loan amount (incl. of applicable taxes)
● Representative Example:
A loan of ₹1,00,000 at an interest rate of 14% p.a. for 12 months results in an interest amount of ₹7,745 (reducing balance method), with a processing fee of 3.54% (₹3,540) & other charges of ₹200. The total amount to be repaid after a year is approximately ₹1,11,485. Note: This is an estimate; actual interest rate & processing fees may vary depending on the product.
Note: Interest rates and processing fees vary based on eligibility and loan product.

🏦 Partner Banks, NBFCs & Insurers
All products on Muthoot FinCorp ONE (apart from eSwarna Digital Gold & Swarnavarsham) are offered by RBI-regulated Banks/NBFCs and IRDAI-regulated insurance companies.
Please read the complete and updated list of partner institutions published on our official website:
👉 https://muthootfincorp.com/regulatory-and-compliance

📞 For Assistance: Call 1800 102 1616   
📩 Email: [e-mail]   
🔗 Privacy Policy: https://muthootfincorp.com/privacy-policy   
🏛 Legal Entity: MUTHOOT FINCORP LIMITED

Ratings and reviews

I have been paying my principal + interest regularly, but the app still doesn't show my correct outstanding balance. The interest level is also very high compared to other banks. If you have another option, please go for it but don't go for this MF. I repeat, don't go for this MF. Very disappointing experience.

The app always hangs up on the date on paying interest and doesn't load. I have to keep downloading the app whenever I have to pay the interest. This results in paying more interest sometimes.

Misleading information from the sales representative. I was told the gold loan interest rate was 1%, but after the loan was processed, it turned out to be 1.08%. Even a small difference matters in financial products. Customers deserve complete transparency, not misleading promises just to increase sales. Always verify the written loan terms before signing. I would not recommend anyone to give their business to muthoot finance, please got SBI BANK

What’s new

1. Two-Wheeler Insurance: Motor insurance with customisable Third-Party & Own Damage coverage.
2. Enhanced Forex journey: Forex cards & cash at your doorstep and Send money abroad seamlessly. Lock your rate for 48 hours with online KYC verification & Instant document validation