Gold loan is the most suitable option when you have instant need of funds. Loan is sanctioned on the basis of the gold you pledge. Nowadays people prefer to take gold loan over personal and business loans because it requires minimal documentation and it is available with comparatively lower interest rates. With the rise in gold rates, the demands of gold loans have risen significantly.
Manappuram gold loan can always be considered in the times of financial crunch such as wedding expenses, children’s education or medical emergency. It is available with attractive interest rates and loan amount can be as high as 1 crore. Manappuram Finance Ltd offers you multiple loan schemes based on your requirements.
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Here are some key features of Manappuram gold loan:
- Low interest rates: Lower interest rates are the primary reason, why manappuram gold loan is among the most preferred options of gold loan. Also you just need to pay interest for the exact period of loan tenure up to exact number of days.
- Minimal documentation: There are no time-consuming formalities involved, you can avail Manappuram gold loan with minimum requirements. Only one recent ID and adress proof is required.
- Quick disbursement: With Manappuram gold loan, you can avail instant cash. As soon as you pledge your gold, you will be allowed to draw cash instantly. Loan gets sanctioned to you within few seconds.
- High loan amount: You can avail high loan amount depending on the purity and weight of the gold which you have pledged. Maximum loan amount to be sanctioned is 1 crore.
- No prepayment charges: Manappuram gold loan does not levies any prepayment charges. So if you decide to prepay your loan before due date, then you do not need to pay any extra prepayment charges for doing so.
- Multiple schemes: Manappuram Finance understands the needs of different people with different incomes. That is why it offers a range of gold loan schemes to choose from. You can always choose the one which fits your budget and financial needs.