Manappuram Gold Loan

Manappuram Finance Ltd. provides gold loans starting at 12% per annum for loan amounts up to Rs 1.5 crore, with flexible tenures of up to 1 year and no restrictions on end usage. Applicants can avail Manappuram Gold Loan by pledging their gold ornaments or jewelry as security. The lender assures easy documentation and instant loan approval for added convenience.

Manappuram Gold Loan Highlights
Interest Rate	12% p.a. onwards
Processing Fees	At time of loan settlement: Rs 10 Additional processing fees on re-pledge: 0.007% of net pledge value
Repayment Tenure	Up to 1 years
Loan Amount	Rs 1,000 to Rs 1.5 crore
LTV Ratio	Up to 75% of the value of gold pledged as collateral

Manappuram Gold Loan Interest Rate

Manappuram offers gold loan interest rates starting from 12% per annum onwards. The final interest rates on gold loans provided by the lender depend on the specific loan scheme and the amount borrowed.

Also read: Best Gold Loan Interest Rate

Gold Loan Interest Rates Offered By Partner Banks & NBFCs

Bank/NBFC/Fintech	Interest Rate
State Bank of India	8.75% p.a. onwards	Apply Now
Axis Bank	17% - 19% p.a. onwards	Apply Now
Punjab National Bank	9.25% p.a. onwards	Apply Now
Bank of India	8.80% p.a. onwards	Apply Now
IndusInd Bank	8.80% p.a. onwards	Apply Now
Bank of Baroda	9.40% p.a. onwards	Apply Now
Union Bank of India	9.30% – 10.65% p.a.	Apply Now
Canara Bank	9.25% p.a. onwards	Apply Now
HDFC Bank	8.50% - 15.97% p.a.	Apply Now
Federal Bank	8.99% p.a. onwards	Apply Now
ICICI Bank	10% p.a. onwards	Apply Now
Bajaj Finserv	9.50% – 28% p.a.	Apply Now
Manappuram Finance	12% p.a. onwards	Apply Now
Bank of Maharashtra	9.30% p.a. onwards	Apply Now
Kotak Mahindra Bank	8% - 24% p.a. onwards	Apply Now
Indian Bank	0.77% per month	Apply Now
IIFL Finance	11.88% - 27% p.a.	Apply Now
Rupeek	8.88% p.a. onwards	Apply Now
Muthoot Finance	10.90% p.a. onwards	Apply Now
Shriram Finance	11.40% p.a. onwards	Apply Now

Types of Manappuram Gold loans

Manappuram Gold Loan

Purpose

Manappuram Gold Loan allows individuals to access funds by pledging their gold assets, with no restrictions on the usage of the procured funds.

Loan Tenure

The tenure for Manappuram Gold Loans for Education can be extended up to 2 years.

LTV ratio

The Loan-to-Value (LTV) ratio for Manappuram Educational Gold Loans can extend up to 75% of the total value of gold pledged as security or collateral.

Manappuram Online Gold Loan

Purpose

Manappuram Online Gold Loan offers individuals the opportunity to secure funds to meet their personal, professional, or business-related requirements by pledging gold ornaments as collateral or security.

Loan Amount

The loan amount for Manappuram Online Gold Loans can extend up to Rs 1.5 crore.

LTV ratio

The Loan-to-Value (LTV) ratio for Manappuram Online Gold Loans can reach up to 75% of the total value of gold pledged as security or collateral.

Manappuram Doorstep Gold Loan

Purpose

Manappuram Doorstep Gold Loan enables individuals to access the loan facility conveniently from their doorstep. By pledging gold as collateral, borrowers can fulfill various personal, professional, and business-related needs.

LTV ratio

The Loan-to-Value (LTV) ratio for Manappuram Gold Loans at Home can reach up to 75% of the total value of gold pledged as collateral.

Also read: Best Gold Loan EMI Calculator

Manappuram Gold Loan Fees & Charges

Particulars	Charges
Processing Fees	At the time of loan settlement: Rs 10 Additional processing fees on re-pledge: 0.007% of the net pledge value
Prepayment charges	NIL
Penal Interest	3% p.a.
Auction charges	Up to Rs 1 Lakh: Rs 500 Rs 1 Lakh to Rs 2 Lakh: Rs 750 Rs 2 Lakh and above: Rs 1,000
Security Charges	Up to Rs 10,000: No Charges Rs 10,000 to Rs 50,000: Rs 15 Rs 50000 to Rs 1 Lakh: Rs.30 Rs 1 Lakh to Rs 1.5 Lakh: Rs.45 Rs 1.5 Lakh to Rs 2 Lakh: Rs 60 Rs 2 Lakh to Rs 5 Lakh: Rs 75 Above Rs 5 Lakh: Rs 95

Eligibility Criteria for availing Manappuram Gold Loan

The eligibility criteria for Manappuram Gold Loan, as specified by the lender, are as follows:

Loan applicants aged 18 years and above, who own gold ornaments, are eligible to avail the loan.
The purity of the gold pledged as mortgage should be between 18 to 24 carats.

Also read: Best Gold Loan Eligibility

Manappuram Gold Loan Documents Required

To avail a Manappuram Gold Loan, applicants are required to submit the following documents:

Residential Proof
Identity Proof (any one among Ration card, Driving Licence, Voter ID Card, PAN Card, Passport, Job card issued by NREGA and duly signed by state government officer, letter issued by NPR containing details of name and address etc.)

Also Read : Best Gold Loan Documents Required

Features of Manappuram Gold Loan

Quick Loan Processing: Loan approval is swift, usually within minutes, provided all necessary documents are submitted promptly.
Low Interest Rates: Manappuram offers competitive interest rates, starting as low as 12%, depending on the loan amount and chosen gold loan scheme.
High Loan Amounts: Manappuram offers the flexibility of availing loans up to Rs. 1.5 crore, providing ample financial support.
Multiple Schemes to Choose from: With various gold loan schemes available, borrowers can select the one that best suits their financial needs.
Loan Sanctioned with Minimum Requirements: Manappuram requires minimal documentation for loan approval, typically only one recent ID (such as Voter ID, Ration Card, Driving License, Passport, etc.) and proof of residence.

Frequently Asked Questions

Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.

The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.

To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need

You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.

Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.

Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.