|Interest rate||Up to 29%|
|Tenure||Up to 12 months|
|Maximum Loan Amount||Up to Rs.1.5 crore|
|Name of the scheme||Loan amount||Loan Tenure|
|Interest Rate||Available Locations|
|Manappuram Kissan Loan GL MKL||Min- Rs.8 lakh||180 Days||26%||PAN India|
|GL SX+||Min- Rs.1,000, Max-Rs. 50,000||180 Days||26%|
|GL MSX+ Min.Rs.1,000/-||Min- Rs. 50,00 Max- Rs.1 lakh||180 Days||26%|
|GL MA1||Min- Rs.1lakh Max- Rs.2 lakh||180 Days||26%||Available in all branches|
|GL MA2||Min- Rs.2 lakh Max- Rs.5 lakh||180 Days||26%|
|GL MA-3||Min- Rs.5 lakh Max- . Rs.8 lakh||180 Days||26%|
|GL SS1||Min- Rs.5 lakh 90 Days 18%||90 Days||24%||PAN India|
|GL SS3||Min- Rs.10 lakh||90 Days||24%|
|GL MT+||Min- Rs.1 lakh||180 Days||26%|
|GL B1+N||Min- Rs.2 lakh||90 Days||20%/26%/28%||Kerala|
|23%/26%/28%||Rest of India|
|GL B1-N||MIN- Rs.5 lakh||90 Days||19%/24%/26%||Kerala|
|20%/24%/26%||Rest of India|
|GL B2+||Min – Rs.10 lakh||90 Days||17%/22%/24%||Kerala|
|18%/22%/24%||Rest of India|
|GL H3+||Min- Rs.25 lakh||90 Days||15%/18%/24%||PAN India|
|SWARNA SHAKTHI (GL-SX)||Min- Rs.1,000||90 Days||25%/27%/29%||Applicable only in Pondicherry, Tamil Nadu, and Andaman and Nicobar Islands|
|90 Days||25.75%/27.50%/29%||Applicable only in Telangana, Karnataka, Andhra Pradesh, Punjab, Chandigarh, Delhi, Gujarat, Goa, and Jammu and Kashmir|
|90 Days||25.75%/27.50%/29%||*Applicable only in TIER 1 Branches in Northern States|
|90 Days||26.75%/27.50%/29%||*Applicable only in Northern States other than TIER 1 branches|
|SAMADHAN PLUS GL-SA+||Min – Rs. 1,000||365 Days|
|SUPER LOAN PLUS GL-SG+||Min – Rs. 1,000||270 Days||22%/27%/28%||Kerala|
|EXPRESS GOLD LOAN PLUS GL-XG+||Min – Rs. 1,000||180 Days||22%/27.50%/29%||Kerala|
|26%/27.50%/29%||Rest of India|
|PRIVILEGE LOAN GL-PL||Min – Rs. 1,000||90 Days||20%/27.50%/29%||Only Kerala (373 BRANCHES)|
|GL-SY SCHEME||Max – Rs.1 lakh||90 Days||21%/26%/28%||PAN India|
|GL-DS SCHEME/MAHILA SCHEME||Min- Rs. 5,000 Max-Rs. 30,000. For Women- Rs.40,000||90 Days||12%/25%/26%||PAN India|
|Postage Charges||Rs.10 to Rs.30|
|Advertisement||Rs.50 and Rs.175 if you are a resident of Karnataka|
|Delivery of Gold against Lost Pawn Ticket||Rs.75 to Rs.100|
|Statement of Accounts||Up to Rs.25|
|Gold Processing Charge||
|Custody Charge for Nil Balance Accounts||
|Rajasthan State||Karnataka State||Other than Rajasthan & Karnataka|
|Pledge value less than or equal to Rs.1 lakh||0.1% of pledge value||NIL||NIL|
|Pledge value above Rs.1 lakh to Rs.10 lakh||0.1% of pledge value||0.1% of pledge value||NIL|
|Pledge value above Rs.10 lakhs||0.1% of pledge value||0.2% of pledge value||NIL|
The eligibility criteria one will have to fulfil in order to apply for a gold loan from Manappuram are:
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:
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.
Manappuram Finance offers Online Gold Loan (OGL) of up to Rs.1.5 crore wherein you must pay interest only for the exact number of days that you avail the loan for. The other features of the online gold loan have been listed below:
Check Latest - Todays Gold Rate
Manappuram Finance has over 3,300 branches across 28 states of India from where you can avail gold loans. The location of the branches can be found by using the ‘Branch Locator’ on the website of Manappuram Finance. For your convenience, we have listed some of the main branches of Manappuram Finance:
|City and State||Branch Address|
|Chennai, Tamil Nadu||
|Kolkata, West Bengal||
After the application form and the necessary documents have been furnished, you can expect to receive approval from Manappuram Finance within few minutes. However, this will lie at the discretion of the branch head of Manappuram Finance.
You need not have a bank account to avail a gold loan from Manappuram Finance. However, it is always recommended to have one as transactions done through a bank account is compliant to regulations.
No, you do not need to provide a guarantor to avail a Manappuram Finance gold loan.
If you wish to reduce the interest burden on your gold loan, you can make a partial repayment of the loan or the accrued interest at anytime.
The gold ornaments you pledge with Manappuram are completely safe as they are stored in a strong safe/room at the branch. The safe has been built in accordance with the standards and specifications applicable to commercial banks. Moreover, the gold ornaments are insured for full value and electronic surveillance technology has been deployed for the protection of the pledged gold.
You can avail a minimum of Rs.1,000 as a gold loan from Manappuram Finance which can be repaid in a period of 3 months. There is no lock-in period on the gold loans availed from Manappuram Finance.
Yes, Manappuram Finance allows you to prepay your gold loan before the end of your loan tenure. There will be no penalty charged on prepaying your gold loan.
You will need to submit the pawn ticket which you would have received while taking the gold loan to the staff at the counter at the branch, along with a request for loan closure. You will be informed of the outstanding loan amount by the staff at the branch and once you have paid this amount, your loan account will be closed. The branch will then hand over your ornaments to you against your acknowledgement.
You will be charged a penal rate of interest on the loan amount from the loan due date if you do not repay on or before the due date.
If you have any queries you can reach out to the nearest branch of Manappuram Finance, the location of which can be found in the official website of Manappuram Finance. You can also reach out to the lender by dialing the Manappuram gold loan customer care number – 1800-420-22-33, by sending an email email@example.com.
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