The Muthoot FinCorp Vyapar Mitra Loan is designed for small and medium-sized enterprise (SME) owners, traders, and self-employed individuals with irregular cash flows. It requires no collateral, no prior CIBIL record, and no income tax returns (ITR). The loan provides up to ₹30 lakhs, is secured only by the hypothecation of stock or book debts, and features flexible daily/weekly repayment options.
Eligibility Criteria
Occupation: You must be a shop owner, trader, self-employed individual, or business owner.
Business Type: You must be dealing in goods or services with measurable, consistent (often daily) cash flows to support repayments.
Collateral: None required; the loan is secured against stock or book debts.
