Manappuram Gold Loan

• Effective interest rates include rebates for timely monthly interest payments.  

• Rebate eligibility depends on payment frequency and is valid during loan tenure.  

• MT+1, MT+2, MT+3, MT+5 are takeover schemes from banks, NBFCs (Non-Banking Financial Institutions), and local financiers.  

• After loan tenure ends, a penal charge of 2% p.a. will be applied.  

• Interest is compounded monthly across all schemes.  

• Processing fee is Rs.30 (inclusive of taxes).  

• Loans up to Rs.25 lakh approved by Branch Head.  

• Higher amounts require approval from senior authorities. 

The features of online gold loan scheme are mentioned below: 

• Access gold loans anytime, anywhere.  

• Free insurance cover on pledged gold.  

• Simple documentation with quick approval process.  

• 24×7 convenient online repayment facility.  

• Fully digital, paperless transactions via mobile device.  

• No hidden charges.  

• Loan amount available up to Rs.1.5 crore.  

• Assured safety and security of gold jewellery.  

• Easy access to funds whenever needed. 

Features of Manappuram Gold Loan 

The key features of Manappuram gold loan schemes are mentioned below: 

• Effective interest rates include rebates for timely monthly interest payments.  

• Rebate eligibility depends on payment frequency and is valid during loan tenure.  

• MT+1, MT+2, MT+3, MT+5 are takeover schemes from banks, NBFCs (Non-Banking Financial Institutions), and local financiers.  

• After loan tenure ends, a penal charge of 2% p.a. will be applied.  

• Interest is compounded monthly across all schemes.  

• Processing fee is Rs.30 (inclusive of taxes).  

• Loans up to Rs.25 lakh approved by Branch Head.  

• Higher amounts require approval from senior authorities. 

The features of online gold loan scheme are mentioned below: 

• Access gold loans anytime, anywhere.  

• Free insurance cover on pledged gold.  

• Simple documentation with quick approval process.  

• 24×7 convenient online repayment facility.  

• Fully digital, paperless transactions via mobile device.  

• No hidden charges.  

• Loan amount available up to Rs.1.5 crore.  

• Assured safety and security of gold jewellery.  

• Easy access to funds whenever needed. 

Interest Rate & Loan Amount on Various Schemes

Manappuram Finance limited offers various gold loan schemes and the corresponding interest rates, tenure and loan amount are given in the table below:

Note: Loan tenure for all schemes is 365 days. 

Charges Associated with Manappuram Finance Gold Loans

Charges Associated with Manappuram Finance Gold Loans 

The fees and charges applicable on Manappuram gold loan schemes are listed in the table below: 

Note: 

• The ordinary letter charge is Rs.5, while the registered letter charge is Rs.30.  

• The check dispatch charge for auction surplus customers is Rs.50.  

• Account statement is free within 30 days of closure.  

• If requested after 30 days, Rs.25 is charged.  

• Form K settlement charges range from Rs.75 to Rs.100 per pledge. 

Additional Charges 

Note: Monthly safe custody charges apply if the credit limit remains underutilized for more than 90 days. 

Manappuram Gold Loan Eligibility

The eligibility criteria one will have to fulfil in order to apply for a gold loan from Manappuram are:

• The applicant must be at least 18 years old.  

• Gold purity should be between 18K and 24K.  

• Applicant must be the rightful owner of the pledged gold.  

• No fixed limit on gold weight; value depends on purity and weight.  

• Must provide valid ID and address proof (PAN, Aadhaar, DL, or Passport). 

Documentation

Availing a gold loan from Manappuram Finance requires minimal documentation. You just need to furnish the below-given documents to avail a Manappuram gold loan:

• Submit identity and address proof, such as Aadhaar, Voter ID, Driving Licence, or Passport.  

• Provide one recent photograph.  

• Original documents must be shown at the branch for KYC (Know Your Customer) verification. 

Gold Loan Calculator

You can calculate how much loan amount you are eligible for against your gold ornaments by using the Gold Loan Calculator available on the website of Manappuram Finance. Just enter some basic details such as your name, phone number, email address, state, city, type and weight of gold, and the tool will calculate and display the maximum amount you can avail as a gold loan from Manappuram Finance.

How to Apply for Manappuram Online Gold Loan? 

The steps to apply for the Manappuram gold loan online are mentioned below: 

Online Process 

• Visit the official website of Manappuram Finance Limited. 

• Open the ‘Online Gold Loan’ page.  

• Register for the service and link your savings account.  

• Visit the nearest branch to pledge your gold jewellery.  

• Once approved, the loan amount is credited to your bank account.  

Offline Process 

• Locate and visit the nearest branch.  

• Carry your gold jewellery and required documents.  

• Fill out the loan application form.  

• Get your gold evaluated by a company representative.  

• The loan amount is disbursed only after successful verification. 

Manappuram Gold Loan Terms and Conditions 

The significant Manappuram gold loan terms and conditions are listed below: 

• Borrower confirms reading all loan schemes and choosing one as per pawn ticket terms.  

• Confirms pledged gold belongs solely to them and is free from any claims or disputes.  

• Stones in the gold items are considered to have no market value.  

• All details provided by the borrower are true and complete as borrowers will be fully responsible for incorrect or misleading details.  

• The Company decides loan approval, amount, and purpose at its discretion.  

• Interest and charges are payable as per the pawn ticket terms.  

• Interest is compounded monthly if not paid regularly.  

• Interest is charged from loan start date until full closure.  

• Loan value depends on gold weight, purity, and market price.  

• The company does initial verification and may recheck gold anytime at the borrower’s cost. 

• Companies can open packets or melt gold during the loan period if needed.  

• Loan becomes immediately payable if gold purity or title is doubtful or disputed.  

• The gold valuation certificate is provisional, based on initial verification.  

• Loan tenure is as per pawn ticket and must be repaid within that period.  

• Borrower can prepay or foreclose the loan anytime with applicable charges.  

• Partial payments of principal or interest are allowed during the loan period.  

• The company may extend loan tenure (up to 1 year) at its discretion and may also recall or cancel the loan anytime without giving reasons.  

• Postage and related charges will be recovered from the borrower.  

• If unpaid, gold may be auctioned at borrower’s risk and cost.  

• Auction can occur after 2 weeks’ notice to the borrower.  

• Sale proceeds will cover dues; surplus may adjust to other liabilities.  

• Remaining surplus (if any) is refunded within 30 days.   

• Company liability for lost gold is limited to replacing equal net weight.  

• The company can retain (lien) gold for other dues of the borrower.  

• Interest rates/charges may change with prior notice to borrower.  

• Borrower can close loan within 7 days if revised terms are not acceptable.  

• Borrower must update contact details for proper communication.  

• Borrower consents to receive calls/messages, which may be recorded.  

• Gold may be released without pawn ticket after formalities and charges.  

• Borrower bears all taxes, duties, and expenses related to the loan.  

• Interest rates depend on loan scheme, LTV, tenure, and amount.  

• Locker facility (if any) is not regulated by RBI.  

• Company may share borrower data with credit agencies like CIBIL.  

Manappuram Gold Loan Customer Care Details 

For any issues related to Manappuram gold loan, contact the customer care center and the details are: 

• Toll Free No: 1800 420 22 33 

• Postal Address:  

Manappuram Finance Ltd.  

CIN-L65910KL1992PLC006623 IV/470A (old) W638A(New),  

Manappuram House,  

Valapad, Thrissur,  

Kerala - 680 567 

• Email: crm@manappuram.com

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