Compare Muthoot vs Manappuram Gold Loan
| Bank | ||
|---|---|---|
| Interest Rate | Interest Rate 6.90% - 23.00% |
7.00% - 29.00% |
| Processing Fees | Processing Fees Rs.50 with free registration for NACH |
₹ 10 (to be paid at time of settlement) |
| Loan Amount | Loan Amount ₹ 1,000 to ₹ 8 Lakh |
₹ 1,000 to ₹ 10 Lakh |
| Loan Tenure | Loan Tenure 7 days to 36 months |
1 day to 6 Months |
| Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,083 |
₹ 17,009 |
| Foreclosure Charges | Foreclosure Charges Nil |
Nil |
| EMI Scheme | EMI Scheme Y |
N |
| Bullet Repayment Scheme | Bullet Repayment Scheme Y |
Y |
| Overdraft Scheme | Overdraft Scheme N |
N |
| Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4/5.0 |
4.3/5.0 |
Compare Gold Loan EMI of Muthoot and Manappuram
| Loan Amount | Muthoot | Manappuram |
|---|---|---|
| ₹ 50,000 | ₹ 1,542 | ₹ 1,544 |
| ₹ 1 Lakh | ₹ 3,083 | ₹ 3,088 |
| ₹ 5 Lakh | ₹ 15,416 | ₹ 15,439 |
| ₹ 10 Lakh | ₹ 30,831 | ₹ 30,877 |
Which bank offers a lower interest rate on Gold Loan – Muthoot or Manappuram?
As per the current rates, Muthoot offers a lower interest rate of 6.90% on Gold Loan when compared to Manappuram which offers a Gold Loan at 7.00%.
How does Muthoot Gold Loan compare with Manappuram Gold Loan?
Gold Loan or Jewel Loan is an easy loan to get instant credit without the need to have a good credit score and income documents. Anyone is eligible to get the gold loan, provided the person has 18-22 carat gold jewelry to offer as collateral. Hence, while comparing Muthoot and Manappuram for gold loan and choosing the best bank, it is important to compare three factors which are their rate of interest, gold loan per gram eligibility as well as repayment options such as EMI, Bullet and Overdraft.
You must select the bank of your choice after evaluating the advantages and disadvantages of Muthoot and Manappuram.
What are the best repayment options available on Gold Loan – Muthoot or Manappuram?
Popular Search for Muthoot Gold Loan
Popular Search for Manappuram Gold Loan
Compare Muthoot Gold Loan With Other Banks
Compare Manappuram Gold Loan With Other Banks
- 2022-08-10 : SBI gold loans cross the 1 Lakh crore mark.
Capturing almost a fourth of the total market, SBI has crossed the 1 lakh crore milestone. More growth concerning gold loans is expected in the current fiscal. The first quarter of the current fiscal has seen better traction than the previous year and is expected to grow well, said chairman Dinesh Khara. - 2022-05-13 : PNB Revises Gold Loan Rates
Punjab National Bank has increased the rates on gold loans, and as a result, the bank offers the lowest rates starting at 7.55%. Earlier, the rate was 7.25%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-10 : Federal Bank Changes Interest Rates on Gold Loans
Federal Bank has increased the gold loan interest rates, and thus you can now avail of loans starting at 7.39%
