Manappuram Gold Loan – Interest Rates 2016, EMI Calculator

Manappuram Gold Loan – Get Info on Manappuram gold loan and Compare Interest rates, Features, and Eligibility of Manappuram Gold loan. Manappuram Finance provides quickest and hassle free loans.

 India`s First Listed and Highest Credit Rated Gold Loan Company, registered under Reserve Bank of India, founded in 1949.

Who is eligible to avail Manappuram Gold loans? What security has to be provided?

Anyone who owns gold ornaments can avail the loan. (Note: minors are not eligible.) To obtain the loan you need to submit your gold jewellery (within a karat range of 18 to 24 k) at the branch. The loan amount that is sanctioned will be based on the gold valuation which involves verification of its purity. The weight of stones etc. fixed on the ornaments will be deducted for the purpose of valuation.


Apply Gold Loan

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Loan Amount:

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Manappuram Gold Loan or Loan against Gold:

Avail Loan up to 1 Crore – Pledge your Gold Ornaments or Jewellery and draw cash against it. Depending on the net weight and purity of the gold, cash will be disbursed. Manappuram have various schemes that will enable you to make your favorable choice!

Loans up to One Crore rupees.

  • Draw instant Cash by pledging your Gold Ornaments and Jewellery.
  • Higher loan amounts, depending on purity, net weight of the gold.
  • Choose from a range of schemes; there’s one just right for your needs.
  • Minimum Requirements: Only one recent ID—Voter ID/ Ration Card/ Driving License/ Passport. No time-consuming formalities involved.
  • Pay interest only for the exact period of loan, and to the exact number of days.
  • Different schemes for different needs, to suit all income groups.

 

Rebate in Gold loan Scheme:-

For regular monthly interest paying customers, the initial interest rate will be continued during the loan tenure.Interest rebate of 3% will be available in SX scheme, provided customer is regular in paying monthly interest (Tamilnadu only).The Customer can avail additional rebate subject to maximum of 1%, if the loan is disbursed through NEFT in all schemes except B1-N, B1+N, B2+ & SY.Prompt interest payment rebate of 0.5% for SX, XG, SG & SA schemes for providing email Id & phone number.

What are the documents required for taking loan against gold ornaments?

Are there any end-use restrictions involved?
We need one document of identity proof (such as ration card, driving licence, PAN Card, Voter ID card, passport etc.) and one document of residential proof. There are no end-use restrictions in gold loans.

What is the rate of interest charged on such loans? How is the interest calculated?
Base rate of interest is 12 percent. However, depending upon how high the loan to value (LTV) is, additional interest (amounting to risk premium) ranging from 3-12 percent is charged over and above the base rate. The interest and risk premium is applicable only for the days the money was actually utilised. There are no prepayment penalties.

What happens if the loan amount is not repaid on the due date?
In case loan amount is not repaid on or before the due date, penal rate of interest is charged on the loan amount.

Manappuram Gold Loan EMI Calculator

For EMI Calculations you have to just enter your loan amount, Repayment period & Interest Rates.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount
Scheme Name
Loan Tenure
Slab
Rate of Interest (p.a.)
Maximum amount permitted per customer
In Kerala State
Avg. Interest Rate
In Other States
Avg. Interest Rate
GL-SY Scheme
210 Days
0 – 30 days
12%
23.13%
12%
23.13%
Maximum loan amount limited to Rs.1 Lakh
31 – 60 days
20%
20%
61 – 210 days
26%
26%
Privilege Loan
(GL-PL)*
120 Days
0 – 120 days
18%
18.00%
18%
18.00%
Subject to individual exposure limit fixed
Super Xpress Loan
(GL-SX)
120 Days
0 – 120 days
24%
24.00%
Simple Interest Loan
(GL-SI)#
120 Days
0 – 120 days
24%
24.00%
Xpress Loan
(GL-XG)
210 Days
0 – 30 days
23%
24.57%
24%
25.57%
31 -60 days
24%
25%
61-210 days
25%
26%
Value for Money
(GL-VM)*
270 Days
0 – 60 days
18%
23.77%
61 -180 days
25%
181-270 days
26%
Super Loan
(GL-SG)
270 Days
0 – 30 days
22%
24.00%
23%
25.00%
31 -90 days
23%
24%
91-150 days
24%
25%
151-270 days
25%
26%
Samadhan Gold Loan
(GL-SA)
365 Days
0 – 30 days
22%
24.25%
23%
25.25%
31 -90 days
23%
24%
91-150 days
24%
25%
151-365 days
25%
26%
Super Relax Gold Loan
(GL-SR)
365 Days
0 – 60 days
14%
20.67%
15%
21.67%
a. Rs.75,000/- in Kerala Branches & Rs.50,000/- in outside Kerala Branches. b. For woman customers – Rs. 1 Lakh
61 -90 days
16%
17%
91-120 days
18%
19%
121-180 days
21%
22%
181-365 days
24%
25%
GL B1-N
90 Days
0 – 60 days
18%
19.33%
18%
19.33%
Subject to individual exposure limit fixed (Minimum Loan value for B1-N : 5 Lakhs, B1+N : 2 Lakhs & B2+ : 10 Lakhs)
61 – 90 days
22%
22%
GL B1+N
90 Days
0 – 60 days
20%
21.33%
20%
21.33%
61 – 90 days
24%
24%
GL B2+
90 Days
0 – 60 days
16%
17.33%
16%
17.33%
61 – 90 days
20%
20%
GL B3+
180 Days
0 – 90 days
18%
19.00%
20%
21.00%
Subject to individual exposure limit fixed (Minimum GL OS required – 5 Lakhs)

 

Extended service – Sunday and Over light Loan facility

Please visit your nearest branch of Manappuram Finance to avail Gold Loan.

Alternatively, SMS `GLOAN` to 56070.

Customer Service /  Gold Loan Department
Mr. Hari P K (AGM) / Manikandan (M)
Mob: 099466 21999, 099461 45679