Small business owners and shopkeepers face urgent financial needs—whether it’s managing stock, paying suppliers, or meeting daily expenses. Muthoot Business Loan empowers you to access up to ₹3 lakh digitally, providing a fast, targeted solution designed for shop owners with strong credit profiles.
This loan is processed through video verification, making it fast, paper-light, and fully online. With 24hrLoan, eligible business owners can apply easily and get access to this loan, along with other options from multiple lenders.
What Is Muthoot Business Loan?
Muthoot Business Loan is an unsecured digital loan meant for small business owners who run a physical shop. The loan approval depends mainly on your CIBIL score, business proof, and video verification, not on collateral.
It is ideal for shopkeepers who need instant working capital without visiting a bank branch.
Muthoot Business Loan
| Loan Feature | Details |
| Loan Amount | Up to ₹3,00,000 |
| Loan Type | Unsecured Business Loan |
| Interest Rate | 16% – 24% p.a. |
| Loan Tenure | 6 months to 36 months |
| Age Limit | 21 to 60 years |
| CIBIL Score Required | 730 or above |
| Verification Mode | Video Verification |
| Processing Fee | As per lender policy |
| Collateral Required | No |
Who Can Apply for This Loan?
This loan is strictly for business owners, especially:
- Grocery & kirana shop owners
- Medical & pharmacy shop owners
- Mobile & electronics shopkeepers
- Garment & footwear shop owners
- Hardware & stationery shop owners
Salaried individuals are not eligible for this loan.
Also Read: South Indian Bank Personal Loan- 5 Lakh Loan
Eligibility Criteria
To apply for a Muthoot Business Loan through 24hrLoan, you must meet the following:
- Age: Between 21 and 60 years
- CIBIL Score: 730+
- Business Type: Must be a shop owner
- Business Status: Active and operational
- Nationality: Indian resident
A strong credit score can improve approval speed and eligibility for lower interest rates.
Documents Required
Only basic documents are needed:
- PAN Card
- Aadhaar Card
- MSME / Udyam Registration Certificate
All documents are uploaded digitally during the application process.
Benefits of Muthoot Business Loan
- Loan up to ₹3 lakh without collateral.
- Fully digital application process
- Video verification—no branch visit
- Quick approval and fast disbursal
- Short to medium tenure options (up to 36 months)
- Suitable for genuine shop owners with good CIBIL
How Can You Use the Loan Amount?
You can use the loan for:
- Buying fresh stock
- Paying suppliers
- Managing daily shop expenses
- Shop renovation or repairs
- Handling seasonal business demand
There are no strict restrictions on loan usage.
How to Apply for Muthoot Business Loan
The application process is simple:
- Visit the 24hrLoan website.
- Select Muthoot Business Loan – ₹3 Lakh Digital Loan.
- Enter basic personal and business details.
- Upload PAN, Aadhaar, and MSME certificate.
- Complete video verification
- Receive approval and loan disbursal into your bank account.
The entire process is online and time-saving.
Important Points to Remember
- Keep your credit score above 730
- Ensure MSME certificate details are correct.
- Aadhaar-linked mobile number must be active.
- Attend to the video verification carefully.
Following these steps helps avoid delays or rejection.
Also Read: Digital Business Loan Apply: 5 Lakh Loan
Conclusion
The Muthoot Business Loan – ₹3 Lakh Digital Loan is a reliable option for shop owners aged 21 to 60 years with a CIBIL score of 730 or above. With interest rates between 16% and 24% p.a., flexible tenure up to 36 months, and a video-based process, it offers fast and convenient funding.
Visit the 24hrLoan website today to compare the Muthoot Business Loan with other business loan options and apply now for fast digital funding tailored to your business needs.