Manappuram Gold Loan Eligibility Calculator India Jul 2017
Manappuram Gold Loan Eligibility
|Manappuram Rate of Interest||14.00% - 26.00%|
|Lowest EMI Per Lakh||Rs. 34,114|
|Processing Fees||Rs. 10 (to be paid at time of settlement)|
|Maximum Loan Amount||Rs. 10,000,000|
|Maximum Tenure||3 months|
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
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.