Manappuram Gold Loan

These schemes allow you to choose from various loan amounts, interest rates, and rebates. Whether you need a small loan for immediate expenses or a larger sum for significant financial commitments, Manappuram offers you convenient access to funds without compromising your financial stability.

Manappuram Gold Loan Details

Manappuram Finance offers gold loans that help you meet various financial requirements. Below are the details of the Manappuram gold loan:

Manappuram Gold Loan Interest Rates & Charges

Manappuram gold loan offers attractive interest rates and transparent charges that vary depending on the loan amount, tenure, and the specific loan scheme you choose. In addition to the interest rates, there are other charges associated with the gold loan. These may include processing fees, late payment penalties, rebate rates, and more. These rates and charges are as follows:

Security Charges Based on Loan Amount

Auction charges based on loan amount

Manappuram Gold Loan Eligibility Criteria

To avail of a Manappuram gold loan, there are certain eligibility criteria, these are:

• Age Requirement: Applicants must be at least 18 years old.
• Ownership of Gold: The applicant must have gold ornaments or coins that meet the purity standards required by Manappuram.
• Credit Score: A good credit score is not mandatory, however, it may influence the loan amount and terms offered.

Documents Required for Manappuram Gold Loan

There are certain documents required to apply for a Manappuram gold loan, these are:

• A certified copy of identification proof such as a Passport, Driving License, Aadhaar,Voter ID , NREGA Job Card, or a letter issued by NPR with name and address details.
• One recent photograph.
• PAN card or Form No. 60 as per Income-tax Rules, 1962.

Manappuram Gold Loan Schemes

Manappuram Finance offers various gold loan schemes that allow various individuals to get the loan terms that suit their financial needs. These schemes are listed based on the risk of the customers in categories of S, A, B, C, D, E, F at a tenure of 365 days. Here are some of the Manappuram gold loan schemes and their details:

The A, B, C, E, and F categories have similar schemes available in these categories with slight variations in loan limits, interest rates, and rebates based on customer category. The schemes generally follow the same structure as in the S category but may offer different rebates or conditions based on the specific customer segment. You can check the official website for more details.

Features & Benefits of Manappuram Gold Loan

Manappuram Finance offers the following features and benefits, these are:

1. Loans up to ₹1.5 Crore: Manappuram offers gold loans up to ₹1.5 crore, avoiding lengthy documentation processes and ensuring 100% safety and security for your gold jewellery.
2. Flexible Interest Payment: Pay interest starting from 9.90% p.a. only for the exact period the loan is availed.
3. Loan for 1-Year Duration: Manappuram offers gold loans with a tenure of up to 1 year, giving you ample time to repay at your convenience.
4. Transparent Charges: Manappuram ensures that there are no hidden fees or extra charges when you take a gold loan, providing transparency and trust in their services.
5. Get Instant Cash: Pledge your gold ornaments and jewellery to get instant disbursement of your loan amount, making it an ideal solution for immediate financial requirements.
6. Various Schemes: Manappuram offers various gold loan schemes to suit different financial needs and income groups. You can choose the one that best fits your requirements.
7. Risk-Related Interest Rate: The interest rate is directly related to the Loan-to-Value (LTV) ratio. Higher LTV loans will have a higher interest rate, reflecting the increased risk.
8. Penal Charges: If the loan remains outstanding beyond its normal tenure, penal charges will be applied at 3% per annum on the outstanding amount until the loan is regularised or closed.
9. Anytime Liquidity: Manappuram’s gold loans provide you with the flexibility to access liquidity whenever you need it, offering financial freedom and security.

Note: The interest rates mentioned above are subject to change at the lender’s discretion.

Steps to Apply for Manappuram Gold Loan

Manappuram Finance offers you a simple process of getting a gold loan, follow the steps below:

• Step 1: Locate and visit your nearest Manappuram branch. Alternatively, you can begin the process online through their official website or mobile app.
• Step 2: Present your gold ornaments to the lender. Manappuram’s experts will evaluate the purity and weight of your gold to determine its market value. Based on this valuation, they will calculate the maximum loan amount you are eligible to borrow.
• Step 3: Complete the loan application form provided by Manappuram. Ensure that all details are accurately filled in to avoid any delays.
• Step 4: Submit all the required documents, which generally include ID Proof, Address Proof, PAN Card or Form 60, and a recent passport-sized photograph.
• Step 5: After verification of your documents and the valuation of your gold, Manappuram will approve your loan and you will get it disbursed into your bank account.

Note:The interest rates mentioned above are subject to change at the lender’s discretion.