Manappuram Gold Loan can be availed by anyone above the age of 18 by pledging gold jewelry in the range of 18 karats to 24 karats and submitting the required documents. Before availing of a gold loan, it is important to know Manappuram Gold Loan Rate Per Gram and compare the interest rate and other important aspects. Which is mentioned in this article.
Manappuram Gold Loan Interest Rate
|Interest Rate||12% To 29%|
|Duration||90 Days – 365 Days|
|Loan Amount||₹ 5,000- ₹ 1.5 Crore|
Important Aspects About Manappuram Gold Loan Rate Per Gram
- Post The loan amount to be sanctioned will depend on the purity, net weight of the gold ornaments pledged by you.
- The interest rate on Manappuram Gold Loan is 14%. However, if the Loan Value (LTV) is high, an additional interest of 3-12% above the base rate can be charged.
- The customer can reduce his loan burden by making any payment at any time during the repayment tenure. Thereafter interest will be charged on the outstanding amount.
- In addition, monthly compound interest will be charged, which the customer will have to pay for the given tenure or at the end of the loan, whichever is earlier.
Manappuram Gold Loan Rate Per Gram Schemes
Manappuram offers various gold loan schemes and the interest rate will vary from scheme to scheme:
|Serial Number||Manappuram Gold Loan Scheme||Maximum Loan Tenure||Rate of Interest||Loan Amount|
|1||GL-DS Scheme||90 Days||12-28%||₹ 5000-₹ 30,000|
|2||GL-SY Scheme||90 Days||18.50% -28%||Max- ₹ 1 Lakh|
|3||Privilege Loan||90 Days||20.50% -29%||Under Personal Risk Limit|
|4||Express Gold Loan Plus||180 Days||In Kerala -21.50% -28.50%In Other States- 25.50% -28.50%||Under Personal Risk Limit|
|5||Super Loan Plus||270 Days||In Kerala -21.50% -28%In Other States- 25.50% -28%
|Under Personal Risk Limit|
|6||Samdhan Plus||365 Days||In Kerala -21.50% -28%In Other States- 25.50% -28%||Under Personal Risk Limit|
|7||Golden Power||90 Days||25% -29%||Under Personal Risk Limit|
|8||GL B 1 + N||90 Days||In Kerala -20% -28%In Other States -23% -28%||Minimum – ₹ 2 Lakh|
|9||GL B 1-N||90 Days||In Kerala- 19% -26%In Other States -20% -26%||Minimum – ₹ 5 Lakh|
|10||GL B 2+||90 Days||In Kerala- 17% -24%In Other States -18% -24%||Minimum – ₹ 10 Lakh|
|1 1||GL H 3+||90 Days||15% -24%||Minimum – ₹ 25 Lakh|
|12||Business Loan||90 Days||24%||Minimum – ₹ 50 Lakh|
|13||GL B4 +||90 Days||15%||Under Personal Risk Limit|
Charges On Manappuram Gold Loan
There are some charges that are associated with Manappuram Gold Loan:
|Processing Fee||At the time of settlement – ₹ 10
Additional processing fee on reimbursement: 0.07%
|Stamp Duty (Applicable to Rajasthan and Karnataka only)||0.1% -0.2%|
Factors That Affect Your Interest Rate
Loan Tenure: Manappuram Gold Loan has a tenure of 90 days, but the interest slab varies according to the day you repay your loan. For example, if you repay your loan in 30 days, the interest rate will be 12% while if you pay in 60 days it will be 25%. Hence, the interest rate is affected by the time frame to repay your loan amount.
State: Manappuram offers different interest rates in Kerala and other states of India. Also, there are some plans which are offered only in Kerala.
How Do You Apply For Manappuram Gold Loan?
There are two ways to apply for Manappuram Gold Loan and they are discussed below:
The First Is Offline
- Take the gold you are ready to pledge to the nearest branch in Manappuram.
- Submit the required documents and jewelry for the counter staff.
- After submitting your application form and other supporting documents to the counter staff, the sanctioned loan amount will be provided to you provided everything is in order.
And The Second Is Online
- Keep your gold jewelry close by.
- Register for an online gold loan service and link your savings account.
- KYC verification will be done online.
- The sanctioned loan amount will be credited to your bank account.
READ MORE: HDFC Bank Housing Loan Interest Rate
If You Like The Information Please Do Share.
18 thoughts on “Manappuram Gold Loan Rate Per Gram, Interest Rate, Eligibility, Benefits, Documents.”
I go to see daily a few blogs and blogs to read articles or reviews, except this webpage offers feature based content.
Hello there! Would you mind if I share your blog with my twitter group?
There’s a lot of folks that I think would really enjoy your content.
Please let me know. Thank you
Someone necessarily assist to make critically posts I’d state.
This is the very first time I frequented your web page and to this
point? I surprised with the research you made to create this particular post incredible.
For latest news you have to visit world-wide-web and on web I found this
web site as a most excellent web site for hottest updates.
I am genuinely glad to glance at this weblog posts which
consists of tons of helpful facts, thanks for providing these
Hi there, I enjoy reading all of your article
post. I wanted to write a little comment to support you.
Thanks on your marvelous posting! I seriously enjoyed reading it, you
could be a great author. I will make certain to bookmark your blog
and will often come back in the foreseeable future.
I want to encourage continue your great posts, have a nice morning!
I blog quite often and I truly appreciate your content. This
article has really peaked my interest. I will take a note of your
site and keep checking for new information about once per week.
I subscribed to your Feed as well.
Hi there to all, how is all, I think every one is getting more from this
web page, and your views are good for new users.
Nice blog! Is your theme custom made or did you download it from somewhere?
A theme like yours with a few simple adjustements would
really make my blog stand out. Please let me know where you got your theme.
Pingback: Easy To Take Home Loan To Build House In Village & City 2022
Excellent pieces. Keep posting such kind of information on your
site. Im really impressed by your site.
Hey there, You’ve done a fantastic job. I’ll certainly digg it
and individually suggest to my friends. I’m sure they will be benefited from
Heya i am for the primary time here. I came across this board and I to find It truly useful & it helped me
out a lot. I’m hoping to offer something again and help others such
as you helped me.
I am actually pleased to read this weblog posts
which consists of lots of useful facts, thanks for providing these statistics.
Wow, awesome blog format! How long have you ever been blogging for?
you make blogging look easy. The total look of your website is magnificent, as well as the content!
Im happy I found this blog, I couldnt discover any info on this subject
matter prior to. I also run a site and if you want to ever serious in a little bit of guest writing for me if possible feel free
to let me know, im always look for people to check out my site.
Please stop by and leave a comment sometime!
Everyone loves what you guys are usually up too. Such clever work and exposure!
Keep up the great works guys I’ve included you guys to my personal blogroll.