Manappuram Gold Loan

Insurance Cover – Free insurance cover for gold articles.

Easy Application – Minimal documentation with instant approval. Also, get the paper-less transaction from the mobile application.

Loan Amount – Loan up to Rs. 5 crore can be availed against gold or gold ornaments.

Interest Rate – The interest rate is charged on the number of days for which the gold loan is availed and not on a monthly or yearly basis.

Forms of Gold Accepted – Gold Jewellery made of 18 K gold or more.

Tenure – Loan tenure is dependent on the chosen scheme. It can range from 3 months to a year.

Partial Payments – Partial payments of loan and/or accrued interest is accepted. This can be used to reduce the interest burden.

Manappuram offers a variety of loan schemes. For example, if you require a gold loan to meet your business’s demands then you may apply for GL BL (Business Loan) scheme. The loan amount permitted across the different schemes is given below followed by the interest rates charged by them. The bank also offers rebate on repledging of gold.

* PL Scheme is available in all Kerala branches.

** Branches in Mumbai, Mumbai City, Pune, Lucknow, Kanpur Dehat, Kanpur Nagar, Kolkata, Bhopal, Indore, Cuttack & Khordha districts in northern states are considered as Tier1 branches.

Note: The above and below mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the company, bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

OGL registered customers will get attractive interest rate rebate when they repledge their ornaments via online mode in BL/PL/SX schemes based on the repledge frequency as follows:

Manappuram gold loan clients can now use their app to make payments, repledge their gold and so on. Currently, the bank offers two versions of the app called Manappuram OGL and Manappuram Gold Loan OGL Lite. The Lite version of the app requires less space on your mobile device. OGL registered customers will get attractive interest rate rebate when they repledge their ornaments via online mode in BL/PL/SX schemes based on the repledge frequency as follows:

*Taxes will be applicable over the fees and charges

Before taking a gold loan, you must compare the EMI amounts across various banks and schemes. This way you can apply for a gold loan that is best suited to your budget. For this, you can use our Gold Loan EMI Calculator.

• Click here to visit our EMI Calculator
• Enter the required details such as loan amount, rate of interest and tenure in months or years as the case may be
• You can see the payable EMI amount on the right-hand side of the screen

The Gold Loan EMI calculator is free to use with no limits.

Manappuram Gold Loan can be availed by anyone who is over the age of 18 as long as they can prove that they are the actual owner of the ornaments.

Documents Required for Manappuram Gold Loan

Manappuram requires identity proof and residential proof only. The list of eligible documents is:

You can apply for Manappuram Gold Loan by visiting one of its branches. Click here to find the nearest Manappuram Gold Loan branch.

At the branch, fill out the application form, submit the required documents and get your gold ornaments appraised. Once the value of the jewellery is established the bank will disburse the loan amount accordingly.

Manappuram allows online gold loan application. This can be done through Manappuram gold loan app or website.

If you are looking for competitive interest rates on gold loans you can apply for gold loan via our website. This will allow you to compare interest rates across a variety of lenders for free. The process is simple; click the banner below to begin your application.

A comparison table of different Bank’s gold loan interest rate has been given for your reference.

How is Gold Loan different from other loans like Personal Loan and Credit Card?
Gold loan is a secured loan where you pledge your gold ornaments for the loan. A personal loan is an unsecured loan where you do not pledge any of your belongings. It is sanctioned on the basis of your income and repayment capacity.

Gold loans, personal loans and credit card borrowings are used to meet the short term credit requirements. Personal loans and credit card borrowings charge a higher interest rate. Moreover, unlike personal loans gold loans allow you to stretch the repayment tenure and offer a variety of repayment options including partial payment. Credit card borrowings may be easier to avail than gold loans but the interest rates are usually around 40% (in case revolve your balance to the next cycle).

Are the pledged gold ornaments kept safely by Manappuram?
Your gold ornaments are stored at the branches in a safe or a room built to the standards specified for commercial banks. They are also monitored through CCTV Cameras. Moreover, the pledged gold ornaments are insured for its full value by Manappuram.

Do I require a Guarantor or Introducer in order to get Manappuram Gold Loan?
No. You do not require a guarantor or introducer in order to get Manappuram Gold Loan. You are required to open an account with the bank if the loan amount is over Rs. 1 lakh.

Can I use the gold loan for agricultural purposes?
Yes, you may use the gold loan for agricultural purposes.

Can I get some gold articles back after I have made partial payment?
Manappuram will release your gold articles once you have paid back the full loan amount.