Manappuram Gold Loan Eligibility Calculator

Manappuram gold loan per gram gives you an estimate of the loan amount you can get against your gold jewellery. You will get the loan based on the purity and gold price of your jewellery adjusted for a loan to value ratio. Manappuram gold loan per gram eligibility depends upon the purity of the gold, your age and gold quantity.

As per the latest gold prices, Manappuram offers a gold loan per gram of ₹ 3,124. Highest Manappuram gold loan rate per gram today is ₹ 3,124 for 22 carat jewellery calculated at a maximum LTV of 100%.

You can calculate the eligibility for a gold loan using an online Manappuram Gold Loan Calculator. The calculator determines Manappuram Gold Loan Per Gram Eligibility based on factors mentioned below:

• Purity and net weight of gold used in jewellery: Manappuram uses their in-house valuer to assess the purity and net weight of gold of your jewellery. Gold used in the jewellery should be of purity of 18 to 24 carats. Manappuram can also reduce the weight of gems and stones from the jewellery to calculate the net weight of jewellery.
• Price of gold: Once the valuer estimates the purity and net weight of gold in your jewellery, Manappuram will multiply it with the past 30 days average price of 22 carat gold to calculate the value of gold. So, if the gold is of 20 carat purity, Manappuram will apply the 30 days average of 22 carat gold multiplied by a factor of 20/22 to adjust the value of gold.
• Loan to Value Ratio: Once the value of jewellery is calculated, Manappuram will apply an LTV of up to 100% to calculate your jewel loan amount eligibility. If you are willing to take a loan amount lower than your maximum LTV, Manappuram may offer you a lower interest rate.

To check Manappuram gold loan eligibility you can fill out the gold loan eligibility calculator form with all details at MyLoanCare. Here are steps to check your Manappuram gold loan eligibility:

• Visit MyLoanCare and gold loan tab. .
• Enter required details such as Name, Mobile Number, Loan Amount Required, Weight of Gold and Email ID.
• Click on Check Eligibility.
• Complete OTP authentication and you can view the best offers based on your eligibility. 

You can also check Manappuram gold loan eligibility on Manappuram's website or contact the bank by calling on their customer care number.

• Manappuram accepts both hallmarked and non-hallmarked jewellery for getting a gold loan. However, you can get the highest gold loan per gram for hallmark jewelry. Also, some banks charge lower processing fees on hallmarked gold jewellery.
• Manappuram adjusts the price of 22-carat gold for purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for gold loan.
• Always try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. Manappuram will rely on the report of his gold valuer to calculate the net weight.
• Manappuram will not accept diamond jewellery if the gold used is of less than 18 carat purity. Most of the diamond jewellery is made in 16 carat to 18 carat gold and hence, will result in a very low gold loan per gram.
• Always try to get the maximum LTV on the value of gold. Manappuram is allowed by RBI to charge a maximum LTV of up to 100% to calculate the amount of gold loan you are eligible for.

You can get a gold loan from Manappuram either online or offline, depending upon your convenience. For the online process, you can visit the official website of Manappuram and apply for a gold loan. In addition to that, you can give a missed call to Manappuram at their customer care number . For the offline process, you can visit the nearest Manappuram branch and fill up the Manappuram gold loan application form.

To get the best offers on Manappuram gold loan you can also apply for a Manappuram gold loan at online marketplaces like MyLoanCare, where you can compare Manappuram gold loan offer with other top lenders and choose the best option for you. To apply for Manappuram gold loan, fill the online gold loan application form with your personal details and requirements related to the loan. Our representative will then contact you for best offers based on your eligibility.

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

The minimum age should be 18 years.

✅Does CIBIL score matter to get a gold loan from Manappuram?

No, Manappuram does not check your CIBIL to provide gold. However, if you repay your gold loan on time, you can improve the CIBIL.

✅What is the eligibility for an Manappuram gold loan?

To avail an Manappuram gold loan, you must be a citizen of India between 18 years to 0 years of age. You should also have gold jewellery which has purity above 18 carat. Manappuram gold loans are easy to avail of as you can avail of these loans, even without a good CIBIL score.

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

The maximum loan that you can avail of from Manappuram is 100% of the market value of the gold depending on the quality of the gold. However, ensure that the gold fits the purity mark of a minimum of 18 carats of gold and is hallmarked. Before availing of a gold loan from Manappuram, ensure checking the current gold rate per gram to get a good sum on your gold.

✅What is the loan tenure of the Manappuram gold loan?

Manappuram gives gold loans to the applicants for a maximum tenure of 6 Months. So, the borrower should be sure about the repayment capacity of the loan. To plan your gold loan prepayments within this tenure, you can use the Manappuram gold loan EMI calculator

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

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

✅Do I need a co-applicant to get a gold loan from Manappuram?

No, you do not need a co-applicant to get a gold loan from Manappuram. To get a gold loan, you only need to have gold jewellery. Value of your gold, purity marks and age are key requirements to avail of a gold loan from Manappuram. Thus, you can get a gold loan easily without a co-applicant, when you own the gold.

✅How much loan amount I can get on 22ct 100 grams of gold jewellery from Manappuram?

Manappuram gold loan per gram for 22 K gold is ₹ 3,104 and for thus, for 100 gms, the gold loan per gram will be ₹ 3,10400. The amount for the loan you can avail from Manappuram will further depend on LTV, which is 75% of the market’s gold value. In addition, Manappuram offers a maximum loan amount of upto Rs.50 lakh.