Manappuram Finance Personal Loan

Personal Loan at 9.99%*

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Manappuram Finance Personal Loan Features

Eligibility Criteria Details
Manappuram Finance Personal Loan Interest Rate 9.99% p.a.
Lowest EMI per lakh Rs 2124
Tenure 12 to 60 months
Manappuram Finance Personal Loan Processing Fee 1% to 2% of Loan Amount
Prepayment Charges Allowed after 12 Months (2 – 4 %)
Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Min Loan Amt ₹ 50,000
Max Loan Amt ₹ 75 Lakh

Why Personal Loan?

Thinking of a vacation, a perfect wedding, home renovation or a much desired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with a Personal Loan.

Benefits

  1. Wide range of product to choose from
  2. Guidance throughout the process.
  3. Doorstep service at your comfort.
  4. Simple documentation
  5. Sanction without having selected a property
  6. Flexible repayment options
  7. Insurance options for Personal loan at attractive premium

Banks provides you with personal loan to fulfill your dreams with minimum documentation.

For Salaried

Age: 22 years – 65 years.

Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000)

Total Years in Job profession-2 years

Years in current residence1 Year (One Day if in a Super A Company).

For Self Employed Individuals

Age3 years (self employed individuals) and 25 years (for doctors); Maximum age – 65 years

Minimum Turnover– Rs. 40 LAC for Non-Professionals; Rs. 15 LAC for professionals; as per audited financials.

Minimum Profit After Tax Rs. 2 LAC for Proprietorship Firm/Self employed Individuals and Rs. 1 LAC for Non-Professionals as per audited financials.

Business Stability In current Business for at least 5 years and minimum 3 years for doctors.

Existing relationship with the bank Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required.

List of documents for Salaried

  1. Proof of Identity: Passport / Driving License / Voters ID / PAN Card (any one)
  2. Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  3. Latest 3 months Bank Statement (where salary/income is credited).
  4. Salary slips for last 3 months.
  5. 2 Passport Size photographs.
  6. List of documents for Self-Employed

KYC Documents : Proof of Identity; Address proof; DOB proof.

  1. Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  2. Income proof (audited financials for the last two years). Latest 6 months Bank statement.
  3. Office address proof.
  4. Residence proof or office ownership.
  5. Proof of continuity of business.