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Manappuram Gold Loan Eligibility Calculator India Jul 2017

Last Updated 30th May 2017

Manappuram Gold Loan Eligibility

Manappuram Rate of Interest 14.00% - 26.00%
Lowest EMI Per Lakh Rs. 34,114
Age 18 years
Processing Fees Rs. 10 (to be paid at time of settlement)
Maximum Loan Amount Rs. 10,000,000
Maximum LTV 75%
Maximum Tenure 3 months
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Eligibility criteria

Eligibility of gold loan in Manappuram depends upon different factors like:

  • Gold loan amount depends upon the weight and purity of gold. Gold purity for Manappuram is required to be in the range of 18 to 24 carats. Both hallmarked and non hallmarked jewellery can be used for availing loan.
  • Gold bars, Exchange traded funds and ladies mangal sutra is not acceptable in Manappuram and gold coins with a weight up to 50 gm are acceptable by the bank.
  • However, you are not allowed to use gold loan for purchasing property, or investing in other financial instruments.
  • Maximum loan allowed is up to 75% amount of the total gold pledged with Manappuram.
  • No CIBIL Score required.

Frequently Asked Questions

What is the age limit required for gold loan from Manappuram?

The minimum age should be 18 years .

What is the maximum loan amount that I can avail on gold loan from Manappuram?

The maximum loan that you can avail is up to 75% of the market value of the gold depending on the quality of the gold.

What is the loan tenure of Manappuram gold loan?

Manappuram gives gold loan to the applicants for a maximum tenure of 3 months. So, the borrower should be sure about the repayment capacity of the loan.

What kind of gold items are accepted and rejected as a security?

Gold ornaments with carats in the range of 18 to 24 and weight of more than 50 grams are accepted by Manappuram. Manappuram does not allow customer to borrow against gold bars, exchange traded funds and ladies mangal sutra.

How much processing fee is applicable in Manappuram gold loan?

Manappuram charges a processing fee of Rs. 10 (to be paid at time of settlement) on gold loan.

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Manappuram Gold Loan News - Jul 2017
  • 2017-05-30 : Manappuram Finance plans to grow its home loan business
    Leading gold loan NBFC, Manappuram Finance is planning to grow its home loan business besides maintaining strong growth in its gold loan segment. The company is further looking to work on 50:50 ratio, focusing 50 per cent of business from its gold loan business and another 50 per cent from its non-gold loan business including MSME loans, commercial vehicle loans, and affordable housing.
  • 2017-05-26 : Manappuram Finance posts net profit of Rs. 201 crore
    Leading gold loan NBFC, Manappuram Finance has registered a net profit of Rs. 201 crore for the fourth quarter of FY17 as against to Rs. 130 crore a year ago. The profitability of the company is due to the rise in the gold loan disbursements during the current financial year which has been increased by Rs. 52,460 crore from Rs. 36,104 crore of the previous year.
  • 2017-05-23 : Gold loan NBFCs expects 28 per cent growth in FY17
    Leading gold loan non banking financial companies (NBFCs), Manappuram Finance and Muthoot Finance are expecting a growth of 28 per cent in their gold loan business during the current financial year. This is based on the assumption that gold prices would remain firm and not affected by the disturbance caused due to the changes in domestic and global economy.
  • 2017-04-18 : Manappuram Finance launches new card
    One of the leading Gold Loan NBFC, Manappuram Finance has launched its co-branded prepaid card in collaboration with YES Bank to promote digital financial transactions. The Manappuram YES Bank Money Card is loaded with multiple features and it can also be used for online transactions and at merchant establishments through point of sales (PoS) terminals.
  • 2017-04-12 : Manappuram Finance to launch prepaid card
    One of the leading Gold Loan NBFC, Manappuram Finance will launch its own prepaid card on 15th April, 2017 to promote digital financial transactions. The prepaid card is loaded with multiple features and it can also be used for online transactions and at merchant establishments through point of sales (PoS) terminals.
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