Manappuram Gold Loan Key Features – Apply Now!
| Gold Loan Interest Rate | 7.15% per annum |
| Manappuram Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,293 |
| Manappuram Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Manappuram Gold Loan
- Fast process: The Manappuram Gold Loan is approved and paid out readily. A loan is an hour away.
- Minimal Documents: For Manappuram Gold Loan, the document process is straightforward and only the required documents are needed.
- Transparent system: absolute explanation is provided to the consumer; there are no hidden costs.
- Loan Sum: The smallest amount of credit granted to the client is Rs. 15,000. Less than Rs. 10,000 in rural areas may also be the smallest amount.
- The well-being of jewellery: The protection of your gold is the responsibility of Manappuram. Therefore, the gold is transferred to flame-resistant protection.
- Credit Tenure: Advance is approved for a period of between 3 months and 2 years.
- Advantages for farmers: Manappuram is the winner of some extraordinary rural proposals. The square measure gave a low Gold Loan rate for rural uses.
- No Debt Burden: If the human can’t pay the credit sum in any case, the human would not be under obligation.
- No restrictions on monetary profit: there are no constraints on human compensation. Applicants with some degree of the monetary gain would then gain from a gold credit.
How much Gold Loan can I Get through Manappuram Gold Loan
Manappuram Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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Gold Weight |
Gold Purity |
Gold Purity |
Gold Purity |
Gold Purity |
24 Carat |
22 Carat |
20 Carat |
18 Carat |
|
1 gram |
4680 | 4290 | 3900 | 3510 |
10 gram |
46800 | 42900 | 39000 | 35100 |
20 gram |
93600 | 85800 | 78000 | 70200 |
30 gram |
140400 | 128700 | 117000 | 105300 |
40 gram |
187200 | 171600 | 156000 | 140400 |
50 gram |
234000 | 214500 | 195000 | 175500 |
100 gram |
468000 | 429000 | 390000 | 351000 |
200 gram |
936000 | 858000 | 780000 | 702000 |
300 gram |
1404000 | 1287000 | 1170000 | 1053000 |
400 gram |
1872000 | 1716000 | 1560000 | 1404000 |
500 gram |
2340000 | 2145000 | 1950000 | 1755000 |
Manappuram Gold Loan Eligibility
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Manappuram Gold Loan Documents Required
Photographs |
2 Passport Size |
Identity Proof |
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required) |
Residence Proof |
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required) |
Manappuram Gold Loan Interest Rate, Fees and Charges
HDFC Gold Loan Interest Rate |
7.00% per annum |
Processing Fee |
1.50% of the Principal Loan Amount |
Prepayment/Foreclosure Charges |
2%+GST (Within 3 Months), 0 (After 3 months) |
Valuation Fee |
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs |
Late Repayment Charges |
2% p.a. + Applicable rate of interest. |
Renewal Processing Fees |
Rs 350 + GST |
About Manappuram Gold Loan
Uncertainties are a fact of life. Therefore, we have a tendency for everyone to want cash to solve all the barriers to money in their lives. The Gold Loan plays an important role in tackling the money crisis. For individuals with a low CIBIL score, there may be convenient access to the current service. The Manappuram Gold Loan is among the best gold loans in India.
Nonetheless, there are numerous financial banking and non-banking organisations that benefit from the gold advance, but Manappuram Gold Loan is considered the strongest. As one of the most rumoured and trustworthy banks in India, Manappuram is notable for its splendid monetary administration.
- Manappuram Gold Loan Interest Rate is 7.15% per annum
- Manappuram Gold Loan Per Gram is ₹ 5,293
- Manappuram Gold Loan Tenure: Up to 24 months
- Manappuram Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Manappuram Gold Loan
Manappuram gives various plans appended to the Gold Loan item. Plans are as per the following:
- Advance Against Gold-Manappuram offers Gold Loan at an engaging rate of interest that can really fulfil the immediate need for assets of someone for any near to home or professional purposes. Gold Loan is absolutely assured of some kind of advancement anywhere the bank contains no danger to the credit searcher at a slower rate of excitement within the air quantity of money in comparison to the opposite assortments of loan stock.
- Credit Against Gold for Agriculture-Manappuram Avails Gold Loan to ranchers explicitly for agrarian purposes at an extraordinary rate of enthusiasm as compared to the Gold Loans, which accommodate various jobs. In particular, it provides income and, in addition, the bank may want the Land verifications on that basis to apply for a loan by advance searchers.
Manappuram Gold Loan EMI Calculator
Rate of Interest |
6 months |
1 Yr |
2 Yrs |
3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
How to Pay Your Manappuram Gold Loan EMI?
Manappuram Gold Advance can be compensated in the different following ways:
- Standing Instruction (SI): If you are currently an account holder with Manappuram, then Standing Instructions is the most preferred form of compensation. At the end of the month span, the EMI number will be credited from the applicant’s Manappuram account shown by the applicant.
- Electronic Clearing Service (ECS): This scheme applies to applicants who have a non-Manappuram account and must then, at the end of the month span, debit EMIs from that account.
- Post-Dated Checks (PDC): The borrower can apply post-dated EMI tests from the non-Manappuram declaration to the nearest Manappuram Loan Center. Reform of the PDCs should be introduced instantly. Post Dated Tests for ideal condition are suggested to be noted, which can be obtained as they were not ECS states.
Manappuram Gold Loan Contact Number
Call at 9878981144 to get moment help and endorsement for your Manappuram Gold Loan. You can know the best proposals on Gold Loan accessible from all the Manappuram Branches all through the nation to profit the best arrangement appropriate to your requirements.
Gold Ornaments Accepted by Manappuram
- Gold jewellery such as gold braces, gold earrings, gold locks, gold anklets, gold necklaces, etc. to check for gold loan.
- Quality: Gold quality can range from 18 and 22 carats. The Gold Loan can not be used for any 24-carat Gold Ornaments.
Use of Manappuram Gold Loan
The asset that is acquired by Manappuram Gold Loan administrations can be utilized for a few purposes:
- Asset for any explicit investments like hiking, marriage, instalment of upper educational cost instalments, and so forth
- Loan services square measure obtainable for promoting needs like getting contemporary provide, developing promoting, etc.
- Extra Gold Loan likewise can be benefited for horizontal ideas. the bank gives a lower pace of enthusiasm for Gold Loans that are accessible for cultivating or cultivating related ventures.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
7.15% – 14.50% |
|
| 7.15% – 16.10% | |
| Muthoot Finance Gold Loan |
7.15% – 24.00% |
| 7.15% – 17.00% | |
| Manappuram Gold Loan |
7.15% – 26.00% |
| 7.15% – 15.99% | |
| Bank of India Gold Loan |
7.15% – 26.00% |
| 7.15% – 13.50% | |
| IIFL Gold Loan |
7.15% – 12.00% |
| 7.15% – 14.65% | |
|
7.15% – 12.65% |
|
| Allahabad Bank Gold Loan |
7.15% – 10.45% |
| 7.15% – 15.75% | |
| PNB Gold Loan |
7.15% – 11.75% |
| 7.15% – 26% | |
| SBI Gold Loan |
7.15% – 15.99% |
| 7.15% – 15.99% | |
| UCO Bank Gold Loan |
7.15% – 26.00% |
| 7.15% – 13.50% | |
| Syndicate Bank Gold Loan |
7.15% – 12.00% |
FAQs About Manappuram Gold Loan
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What is Manappuram Gold Loan?
Manappuram Gold Loan could be a loan theme anywhere you access by holding your gold as a guarantee with the bank for any emergency monetary facilitation. Participating interest rates on the term loan, the payment order and the EMI mainly based loan are included. The total disbursement time for gold loans is merely 45 minutes.
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How can I get the Gold Loan from the Manappuram?
You can get Manappuram Gold Loan by being to any nearby Gold Loan offering branch. Even you can access to Gold Loan online with BestLoanDeal from anywhere and get the best deals and offers.
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What is Gold Loan Interest Rate in Manappuram?
Every year, the Gold Loan interest rate in Manappuram is 7.15 per cent. The rate of interest depends on various factors, namely: loan quantity, tenure of the loan, gold purity, etc.
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How much Gold Loan can I get per gram in Manappuram?
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How to check Gold Loan status in Manappuram?
To check the standing of Manappuram Gold Loan you’ll be able to visit Manappuram Loan hunter. Mention your options within the provided application. this may simply assist you to trace the standing of your loan from anyplace at any time and keeps you updated.
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How to calculate Gold Loan Interest in Manappuram?
Manappuram Gold Loan interest is often calculated victimization BestLoanDeal’s EMI Calculator. It provides you with the correct details supported the data the person enters within the calculator
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How to Pay Manappuram Gold Loan Interest Online?
Manappuram Gold Loan interest can be paid through net banking on the official Manappuram loan repayment web page or alternatively. Another mode Paytm can also be used to repay Manappuram Gold Loan or your preferred payment method.
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What if I can’t pay the interest on Manappuram Gold Loan for 3 months?
On the off chance that the interest isn’t paid back for three months, then ab initio an update is given for your unfinished dues. After this, if the instalment demands go neglected or inaudible then an official legal notice is delivered, that requests the compensation and conclusion of the advance. Such defaults on your Gold Loan lands up in an exceedingly decrease of your FICO rating and additionally cause you to respond to face lawful activities by the bank which can embrace arrogation and closeout of your gold.
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How can I apply for EMI Moratorium on Manappuram Gold Loan?
You can apply for EMI Moratorium on Manappuram Gold Loan inside first March and 31st August 2020. You can complete it by reaching the Bank Customer Care or visiting the close by Manappuram branch.