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  • Manappuram Gold Loan

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  • Manappuram Finance Limited offers gold loans up to Rs.1.5 crore against your gold jewelry and ornaments. The base interest rate on the gold loans offered by Manappuram Finance is 14% but sometimes, depending on the loan to value (LTV), an additional rate ranging between 3% and 12% may be charged over and above the base rate. The gold loans availed from Manappuram Finance can be repaid in a maximum of 1 year.

    Interest Rate & Loan Amount on various schemes

    Name of the Scheme Loan Tenure Interest Rate (p.a.) Loan Amount
    In Kerala In Other States
    GL-SY Scheme 90 days 24.30% 24.30% Up to Rs.2 lakh
    GL-DS Scheme 90 days 22.03% 28.03% Rs.5,000 to Rs.50,000
    Privilege Loan (GL-PL) 90 days 26.21% - Based on individual exposure
    Super Loan Plus 270 days 29.72% 30.25% Based on individual exposure
    Express Gold Loan Plus 180 days 28.73% 29.47% Based on individual exposure
    Samadhan Plus 365 days 31.09% 3.52% Based on individual exposure
    Swarna Shakthi 90 days - 27.78% to 28.30% Based on individual exposure
    GL B1+N 90 days 25.17% 26.21% Up to Rs.2 lakh
    GL B1-N 90 days 23.43% 23.78% Up to Rs.5 lakh
    GL B2+ 90 days 21.36% 21.71% Up to Rs.10 lakh
    GL H3+ 90 days 19.29% 19.29% Up to Rs.25 lakh
    Business Loan (GL BL) 90 days 24.48% 24.00% Rs.50 lakh onwards
    GL B4+ 90 days 15.19% 15.19% Based on individual exposure

    Charges Associated with Manappuram Finance Gold Loans

    Postage Charges Rs.10 to Rs.30
    Advertisement Rs.50
    Delivery of Gold against Lost Pawn Ticket Rs.75 to Rs.100
    Statement of Accounts Up to Rs.25
    Gold Processing Charge
    • During loan settlement – Rs.10
    • Additional processing fee on repledge – 0.07% of new pledge value
    Custody Charge for Nil Balance Accounts
    • Up to 180 days – Rs.2
    • After 180 days – Rs.100 plus proportionate extra charge for each day thereafter

    Features of Manappuram Gold Loan Interest Rates

    • The interest amount on the gold loan will be computed on the daily outstanding balance at the contracted rate.
    • All the loans will carry the fixed contracted rate till the account is closed.
    • The rate of interest will be quoted on yearly basis only.
    • The maximum rate of interest chargeable during the loan tenure has been predetermined at 29% p.a.
    • A penal interest of 3% p.a. on the amount due will be charged if the loan remains outstanding beyond the normal tenure overdue.


    The basic eligibility criteria to avail a gold loan from Manappuram Finance is to own gold ornaments or jewelry. This essentially means that anyone, except for minors, who owns gold ornaments can avail a gold loan. The gold ornaments should be within a karat range of 18k to 24k to be eligible for a gold loan. The amount of loan that can be availed will depend on the valuation of the gold which will be determined after its purity has been verified. If the gold ornaments have stones fixed on it, the weight of the stones will not be considered for valuation purpose.


    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:

    • Proof of Identity – Passport, Voter’s ID, Driving License, PAN Card, etc.
    • Proof of Residence – Driving License, Passport, Aadhar Card, etc.

    Features of Manappuram Gold Loan

    • High Loan Amounts – With the Manappuram gold loan, you can avail high loan amounts based on the net weight and purity of the gold ornaments or jewelry that are being pledged. You can avail loans up to amounts as high as Rs 1.5 crore to take care of all kinds of personal financial needs.
    • Availability of Instant Cash – With the Manappuram gold loan, you need not wait to have access to the cash you need. You will be allowed to draw cash immediately after pledging your gold jewelry or ornaments.
    • Multiple Schemes to Choose from – Manappuram Finance Limited understands that financial needs differ from individual to individual which is why you have a range of gold loan schemes to choose from and select the one which best addresses your financial and budgetary requirements.
    • Loan Sanctioned with Minimum Requirements – Unlike other kinds of loan products which require you to furnish a variety of documents and proofs, the Manappuram gold loan can be availed with minimum documentation. You only need to submit one recent ID, like your Voter ID, Ration Card, Driving License, Passport, etc. and a proof of residence.
    • Quick Loan Processing – You needn’t wait for days and weeks to get your loan sanctioned. This loan does not involve any exhaustive or time-consuming formalities, hence saving precious time. Once you have submitted your documents and application form, your loan may be approved in a matter of a few minutes, assuming all formalities are complete and in order.
    • Low Interest Rates – One of the primary reasons why the Manappuram gold loan is preferred over other types of loans, is due to the low interest rates it offers. Also, you only have to pay interest for the exact period of the loan and the exact number of days.
    • No Prepayment Penalty – In case you do decide to prepay your loan before its due date, you may easily do so without having to pay any pre-payment penalty.

    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.

    Manappuram Online Gold Loan

    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:

    • The gold pledged to Manappuram Finance is 100% safe and secure and comes with free insurance cover.
    • There are no hidden charges associated with the Manappuram online gold loan and you can avail the loan anytime at your convenience.
    • You can download the Manappuram OGL app to avail a gold loan, pay interest, locate the nearest branch of Manappuram Finance, and check account statement.
    • The online gold loan can be availed in a hassle-free manner and the entire process is paperless.

    Manappuram Gold Loan Branches

    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 
    Bangalore, Karnataka 
    1. Door No. 16/2, Ist Floor, Jaya Mansion, Sadashiva Mudaliyar Road, Nr. H.P Petrol Pump, Opp. Liberty Tailor's, Ulsoor, Bangalore - 560 008 
    2. Door No: 1082/9, Ist Floor, S.P Complex, Above South Indian Bank, Triveni Road, Nr. Yeswanthpura Circle, Yeswanthpur, Bangalore – 560022 
    3. Bangalore Shivajinagar Room No. 125/128, Ground Floor, Chicku Bazar Road, Nr. Shivaji Circle, Shivaji Nagar, Bangalore - 560 061 
    4. Ramamurthy Nagar Room No. 10, Ist Floor, Dasappa layout, Opp. Manipal Nursing Home, Above Surya Bakery, Nr. Petra Park, Ramamurthy Nagar, Bangalore - 560 016 
    5. Ist Floor, Shaik Ali Complex, 3rd Cross, No. 3/6-5, 3/6-6, Nr. Ayyapa Temple, Opp. Cauvery Nursing Home, Koramangala, 2nd Block, Madivala (P.O), Bangalore - 560 068 
    Chennai, Tamil Nadu 
    1. Door No. 84/2, Brindavan Apartment, Ground Floor, Eldams Road, Teynampet, Chennai - 600 018 
    2. Shop No. 528, NSK Nagar, IIIrd Avenue Main Road, Annanagar, Chennai - 600 106 
    3. Vadapalani 304, Ist Floor, V.K.K. Complex, Arcot Road,Opp. Jains Eiffel Gardens, Vadapalani, Chennai - 600 026 
    4. Room No. 545/750, Ist Floor, T.H. Road, Nr. Maharani Theatre, Old Washermanpet, Chennai - 600 021 
    5. Tambaram 43, Ist Floor, M.R. Theatre Building, Opp. Tambaram Railway Station, West Tambaram, Chennai - 600 044 
    Delhi, Delhi 
    1. Building No-6780, Ground floor, Galli no-3, Block No-10 , Deshbandhu Gupta Road, Dev nagar ,Karol bagh, New Delhi – 110005 
    2. Tilak Nagar Metro Piller No. 528, Plot No. 1/8, Tilak Nagar - 110 018 
    3. Kalkaji Ist Floor, 1/16, Nr. Maharshi Valmiki Mandhir, Kalkaji - 110 019 
    4. Lakshmi Nagar Lower Ground Floor, Room No. 1/15 Lalith Park, Near Karnataka Bank, Lakshmi Nagar - 110 092 
    5. Rohini Flat No. 383 & 384, Pocket - E-16, Ist Floor, Sector-8, Rohini, North Delhi - 110 085 
    Kolkata, West Bengal 
    1. Bow Bazar Building No. 213 A, IInd Floor, B.B. Ganguly Street, Kolkata - 700 012 
    2. Dunlop Bridge Holding No. 47, 139/A/18 Street B T Road, Ist Floor, Dunlop Bridge, Bara Nagar, Kolkatta -108, 24-Parganas, Barackpur - 700 108 
    3. Ram Lal Bazar Building No. 1/28 A, Ist Floor, Neli Nagar Colony, Ram Lal Bazar, Kolkata - 700 078 
    4. Bidhan Sarani 10/A, Ist Floor, Bidhan Sarani Road, Bidhan Sarani P.O., Near Vidhya Sagar College, Opp. Bina Cinema, Kolkata - 700 006 
    5. Takurpukur Building No. 207B, Ist Floor, No. 8, Bakhrahat Road Takurpukur Bazar, Pampa Oil Mill, Takurpukur P.O., Kolkata - 700 063 
    Mumbai, Maharashtra 
    1. Sakinaka Sagar, Plazio Building Co OP Society Limited, Ground Floor, C T S No: 721/721 A, Mohali Gaon, Sakinaka Junction, Andheri Kurla Road, Andheri, East Mumbai, Mumbai - 400 072 
    2. Ghatkopar Flat No. 101-C, Trimurti Aarket, L.B.S. Marg, Near Sarodaya Hospital, Ghatkopar (W) Mumbai - 400 086 
    3. Malad Ahimsa Terrace, Ground Floor, Door No-5,6,7, New Link Road, Chincholi, Malad, Mumbai - 400 064 
    4. Vikhroli Gala No. 10, Ground Floor, Indraprastha Industrial Estate, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083 
    5. Powai Mumbai Shop No. 1,2,3, & 4, Ground Floor, Red House, Opp. IIT Market, Padmavathidevi Road, Powai, Mumbai - 400 076 

    FAQs on Manappuram Gold Loan

    1. How soon can I get a gold loan from Manappuram Finance?
    2. 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.

    3. I do not have a bank account. Can I still avail Manappuram gold loan?
    4. 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.

    5. Do I have to provide a guarantor to avail a gold loan?
    6. No, you do not need to provide a guarantor to avail a Manappuram Finance gold loan.

    7. Can I make a partial repayment on gold loan availed from Manappuram Finance?
    8. 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.

    9. Are my gold ornaments safe with Manappuram?
    10. 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.

    11. What is the minimum amount of loan I can avail as a gold loan from Manappuram?
    12. 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.

    13. Can I prepay my gold loan? If yes, is there a penalty?
    14. 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.

    15. How do I settle my gold loan and get my gold ornaments back?
    16. 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.

    17. What will happen if I cannot repay my gold loan on the due date?
    18. 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.

    19. Whom do I get in touch with in case of any queries?
    20. 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 emailing to crm@manappuram.com, and sending an SMS GLOAN to 57060.

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