How to get Manappuram Gold Loan ? Scheme, Interest rates, Eligibility, Rate per Gram

Manappuram gold loan

Manappuram Finance Limited is a Non-Banking Financial Company (NBFC) based in India. It is primarily engaged in the business of providing gold loans, personal loans and commercial vehicle loans. The company operates through a network of over 4,500 branches across the country.
Manappuram Finance Limited is one of the leading players in the Indian gold loan market, with a strong presence in the southern states of India. The company’s primary source of income is from the interest earned on gold loans and other lending activities.

What is Manappuram Gold Loan ?

Manappuram Finance Limited is an Indian non-banking financial company that specializes in providing gold loans. The company offers gold loans to individuals, small businesses, and farmers at competitive interest rates. Manappuram also provides other financial services such as money transfer, foreign exchange, and insurance. The company operates through a network of branches across India and also offers online gold loan services.
Manappuram gold loan services are available to customers who pledge their gold as collateral for the loan. Customers can borrow money against their gold jewelry, coins, or bars. The loan amount is determined based on the weight and purity of the pledged gold. The company offers loans at attractive interest rates and flexible repayment options.

Manappuram Gold Loan Overview

Minimum Age of Borrower	18 years
Maximum Loan Amount	Rs. 1 Cr
Maximum Loan to Gold Value Ratio	Up to 75%
Purity of Eligible gold	18 carat to 22 carat
Maximum Loan Tenure	12 months
Lowest EMI Per Lakh	Rs. 8,885

Manappuram Gold Loan Schemes

Manappuram offers various schemes of gold loan depending on the needs and requirement of all customers.

Sr No	Manappuram Gold Loan Scheme	Loan Tenure	Interest Rates	Loan Amount
1	GL-DS Scheme	90 Days	12-28%	₹ 5000-₹ 30,000
2	GL-SY Scheme	90 Days	18.50% -28%	Max- ₹ 1 Lacs
3	Privilege Loan	90 Days	20.50% -29%	subject to individual risk limits
4	Express Gold Loan Plus	180 Days	21.50% -28.50% in Kerala 25.50% -28.50% in Other	subject to individual risk limits
5	Super Loan Plus	270 Days	21.50% -28.50% in Kerala 25.50% -28.50% in Other	subject to individual risk limits
6	Solution Plus	365 Days	21.50% -28.50% in Kerala 25.50% -28.50% in Other	subject to individual risk limits
7	Gold Power	90 Days	25% -29%	subject to individual risk limits
8	GL B 1 + N	90 Days	20% -28% in Kerala 23% -28% in others	Min-₹ 2 Lacs
9	GL B 1-N	90 Days	19% -26% in Kerala 20% -26% in Other	Min-₹ 5 Lacs
10	GL B 2+	90 Days	17% -24% in Kerala 18% -24% in Other	Min-₹ 10 Lacs
1 1	GL H 3+	90 Days	15% -24%	Min -₹ 25 Lacs
12	Business Loan	90 Days	24%	Min -₹ 50 Lacs
13	GL B4 +	90 Days	15%	subject to individual risk limits

Features of Manappuram gold loan

• Competitive interest rates: Manappuram offers attractive interest rates on gold loans, which can be as low as 12% per annum.
• Flexible repayment options: Customers can choose from a variety of repayment plans to suit their needs, including daily, weekly, and monthly options.
• High loan-to-value ratio: Customers can borrow a significant amount of money against their pledged gold, with a loan-to-value ratio of up to 75%.
• Instant cash: The loan amount is disbursed to the customer in cash or in their bank account at the time of loan approval.
• Part payment option: A customer can pay a part of the interest and the principal amount at any point of time during the loan tenure.
• Manappuram Gold Card: A pre-approved gold loan that customers can use to get instant cash whenever they need it, and they have to pay only the interest component in this scenario, and the principal can be paid at any point of time.
• Foreclosure: A customer can pay the entire loan amount before the due date and save on interest.
• Convenient online application: Customers can apply for a loan and track the status of their application through the Manappuram website or mobile app.
• Free insurance coverage for the pledged gold.
• Door step service for gold appraisal and loan disbursal.
• Wide network of branches across India.
• Transparency and security in all transactions.

Read in Hindi – मणप्पुरम गोल्ड लोन की सभी जानकारी

Manappuram Gold Loan Rate Per Gram

Gold Weight	18 Carat	20 Carat	22 Carat	24 Carat
1 gram	2702	3003	3303	3603
10 gram	27020	30030	33030	36030
20 gram	54040	60060	66060	72060
50 gram	135100	150150	165150	180150
100 gram	270200	300300	330300	360300
150 gram	405300	450450	495450	540450
200 gram	540400	600600	660600	720600
250 gram	675500	750750	825750	900750
300 gram	810600	900900	990900	1080900
400 gram	1080800	1201200	1321200	1441200
500 gram	1351000	1501500	1651500	1801500

Manappuram Gold Loan Interest Rate

The interest rate for Manappuram gold loan varies depending on the loan amount, tenure, and other factors. Manappuram gold interest rate can be as low as 12% per annum and high up to 28%. The loan tenure can range from a few days to several months, and customers can choose the repayment plan that best suits their needs.

Manappuram Gold Loan EMI Calculator 2023

Mannappuram Gold Loan EMI Calculator

Mannappuram Gold Loan Processing Charges

At the time of Loan Settlement	Rs. 10/-  (Rupees Ten only)
Additional Processing Fee on Repledge	0.007%* of New Pledge Value(GST Extra)
Security Charges	Rs.15 to Rs.95 based on loan amount

Eligibility for Manappuram gold loan

he eligibility criteria for a Manappuram gold loan may vary depending on the type of loan and the applicant’s specific circumstances. However, some general eligibility criteria that customers must meet to qualify for a Manappuram gold loan include:

• Age: The applicant must be at least 18 years old and should not exceed 60 years.
• Residence: The applicant must be a resident of India.
• Gold: The applicant must have gold jewelry, coins or bars to pledge as collateral.
• Identity and Address proof: The applicant must provide valid proof of identity and address, such as a PAN card, voter ID card, or passport.
• Income: The applicant must have a stable income and the ability to repay the loan.
• Credit Score: A good credit score is an added advantage.

Documents for Manappuram gold loan

To apply for a Manappuram gold loan, customers typically need to provide the following documents:

• Proof of identity: A valid government-issued photo ID such as PAN card, voter ID card, or passport.
• Proof of address: A valid proof of residence such as a utility bill, rental agreement, or aadhar card.
• Gold pledge: The gold jewelry, coins or bars that will be pledged as collateral for the loan.
• Income proof: A salary slip, Form 16, or other proof of income to demonstrate the ability to repay the loan.
• Passport size photographs

Apply for Manappuram Gold Loan

Manappuram gold loan process is simple and straightforward. Customers can visit a Manappuram branch with their gold jewelry, coins or bars, and proof of identity and address. A Manappuram representative will assess the value of the pledged gold and approve the loan amount based on that. Once the loan is approved, the customer will receive the loan amount in cash or in their bank account.

Manappuram Online Gold Loan

Manappuram Finance now started Online Gold Loan services, On Online Gold Loan App Customers can apply for gold loan from anywhere anytime 24*7.
Its totally Paperless Process, Manappuram also give free insurance cover for gold loan.
Manappuram Online Gold Loan gives Maximum Rs.1.5 Crores of Loan.

Manappuram Gold Loan Tenure

Tenure of gold loan from 90 days to 12 Months depends on Gold Loan Schemes.

Why Manappuram Gold Loan ?

Manappuram also offers a feature called ‘Manappuram Gold Card‘, which is a pre-approved gold loan that customers can use to get instant cash whenever they need it, and they have to pay only the interest component in this scenario, and the principal can be paid at any point of time.
Manappuram also offers a feature called ‘Foreclosure‘ option, where a customer can pay the entire loan amount before the due date and save on interest.
The company also provides online gold loan services, which allows customers to apply for a loan and track the status of their application through their website or mobile app.
Manappuram is known for its transparent, secure and fast service. With over 4000 branches across India, it is one of the leading gold loan providers in the country.

Manappuram Gold Loan Customer Care

Toll Free Number –1800-420-22-33
Email – mail@manappuram.com

FAQs –

Overall, Manappuram gold loan provides many benefits to customers, including easy application, fast disbursal, and flexible repayment options, making it a convenient and efficient way to access funds using gold as collateral.

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