Manappuram Gold Loan Key Features
| Manappuram Gold Loan Amount | Up to Rs. 1 Crore (With Income Proof) |
| Manappuram Gold Loan Interest Rate | 7.0% per annum |
| Manappuram Gold Loan Per Gram | Rate Per Gram Today is ₹ 5,268 |
| Manappuram Gold Loan Processing Fee | 1.50% of the Principal Loan Amount |
| Manappuram Gold Loan Prepayment Charges | 2%+GST (Within 3 Months), 0 (After 3 months) |
| Manappuram Gold Loan Repayment Tenure | 3 Months to 24 Months |
| Manappuram Gold Loan Repayment Scheme | Bullet Payment Scheme, Overdraft Scheme |
Advantages of Mannppuram Bank Gold Loan
- Fast Operation: Mannapuram Gold Loan is done at a fast pace. It takes a maximum of 60 minutes to give the credit.
- Lesser Documents: The documentation process direct and only and only important documents are taken in view.
- Fine System: The bank follows the transparent system rather than the charging amount for every little function.
- The magnitude of Loan: The least possible amount of clients receive from the bank is Rs. 15000. It decreases to 10000 for people who belong to rural areas.
- Safety of Jewellery: Bank provides the surety of gold decorations. It will be protected from the flame.
- Loan Tenure: People according to their solace can wisely choose the tenure of the loan. Mannappuram bank provides loans from 3 months to 2 years.
- Profit gave to Farmers: Agricultural purposes should be fulfilled and thus, Mannappuram Bank takes its responsibility and provide loan to the farmers at the low-interest rate.
- No Debt Burden: If you can not pay the interest on time because of some unwanted crisis, it is not a matter of stress, the bank will keep the ornaments with them safely.
- No Income bounds: Applicants who belong to the lower class or upper class and have low income, can apply for a gold loan because the bank needs the gold, not your money.
How Much Gold Loan can I Get through Mannappuram Gold Loan?
Mannappuram Gold Loan Per Gram – Updated September 2020
Updated - Gold Loan Per Gram Rate |
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Gold Weight |
Gold Purity |
Gold Purity |
Gold Purity |
Gold Purity |
24 Carat |
22 Carat |
20 Carat |
18 Carat |
|
1 gram |
4680 | 4290 | 3900 | 3510 |
10 gram |
46800 | 42900 | 39000 | 35100 |
20 gram |
93600 | 85800 | 78000 | 70200 |
30 gram |
140400 | 128700 | 117000 | 105300 |
40 gram |
187200 | 171600 | 156000 | 140400 |
50 gram |
234000 | 214500 | 195000 | 175500 |
100 gram |
468000 | 429000 | 390000 | 351000 |
200 gram |
936000 | 858000 | 780000 | 702000 |
300 gram |
1404000 | 1287000 | 1170000 | 1053000 |
400 gram |
1872000 | 1716000 | 1560000 | 1404000 |
500 gram |
2340000 | 2145000 | 1950000 | 1755000 |
Mannappuram Gold Loan Eligibility
Age |
18-70 years of age |
Nationality |
Indian |
Employment Status |
Salaried, Self-Employed |
Gold Quality |
Minimum 18 Carats |
Mannappuram Bank Gold Loan Documents Required
Photographs |
2 Passport Size |
Identity Proof |
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required) |
Residence Proof |
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required) |
Mannappuram Gold Loan Interest Rate, fees
Usually, credit against Gold as security is available at a minimum-interest rate because it is a secured loan. So the Gold Loan interest rates are comparatively less than that of other types of loans.
Gold Loan Interest Rate |
7.00% per annum |
Processing Fee |
1.50% of the Principal Loan Amount |
Prepayment/Foreclosure Charges |
2%+GST (Within 3 Months), 0 (After 3 months) |
Valuation Fee |
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs |
Late Repayment Charges |
2% p.a. + Applicable rate of interest. |
Renewal Processing Fees |
Rs 350 + GST |
About Mannappuram Bank Gold Loan
Mannappuram Bank is a nonbanking investment institution in India, it was established in 1949. Malappuram Bank provides the gold loan to the people who need money. It uses gold ornaments as collateral in exchange for money. It serves the best gold loan service with a reputed name among various other banking or non-banking companies. It facilitates clients with brilliant service.
- Mannppuram Gold Loan Interest Rate is7.0% per annum
- Mannppuram Gold Loan Per Gram is ₹ 5,268
- Mannppuram Gold Loan Tenure: Up to 24 months
- Mannppuram Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST
Types of Mannappuram Bank Gold Loan
Mannappuram offers different plans related to the Gold Loan output which are listed down-
- Loan Against Gold – Mannappuram Bank provides Gold Loan at handsome borrowing rates to answer the personal and professional demands of the individual. The bank does not worry about giving loans to the clients because they provide them at a slighter bank rate.
- Loan Against Gold for Agriculture – Mannappuram Bank helps the farmers by allowing them the loan at a lower rate of interest and offer them with best deals. In the account of which farmers need to present any evidence of land to the bank for which they are availing the loan.
Mannappuram Bank Gold Loan EMI Calculator
Rate of Interest |
6 months |
1 Yr |
2 Yrs |
3 Yrs |
| 7.00% | 17008 | 8652 | 4477 | 3088 |
| 8.00% | 17058 | 8699 | 4523 | 3134 |
| 8.50% | 17082 | 8722 | 4546 | 3157 |
| 9.00% | 17107 | 8745 | 4568 | 3180 |
| 9.50% | 17131 | 8678 | 4591 | 3203 |
| 10.00% | 17156 | 8791 | 4614 | 3227 |
| 10.50% | 17181 | 8815 | 4637 | 3250 |
| 11.00% | 17205 | 8838 | 4661 | 3274 |
| 11.50% | 17230 | 8861 | 4684 | 3298 |
| 12.00% | 17254 | 8885 | 4707 | 3321 |
| 12.50% | 17279 | 8908 | 4731 | 3345 |
| 13.00% | 17304 | 8932 | 4754 | 3369 |
| 13.50% | 17329 | 8955 | 4778 | 3393 |
| 14.00% | 17354 | 8979 | 4801 | 3418 |
| 14.50% | 17378 | 9002 | 4825 | 3442 |
| 15.00% | 17403 | 9026 | 4845 | 3466 |
How to Pay Your Mannappuram Gold Loan EMI?
- Standing Instruction (SI): Every month, your EMI will be credited positively from the Mannappuram Bank, but for this, you have to go for the Standing Instruction method if you are a current account buyer of Mannappuram bank.
- Electronic Clearing Service (ECS): This method is applicable for those who have non-Mannappuram Bank account and want their EMIs to be debited from the current account.
- Post-Dated Checks (PDC): You can show post-dated EMI from a non-Mannappuram Bank statement at your neighbouring Mannappuram Bank Loan Center. A new statement of PDCs should be given promptly.
Mannappuram Bank Gold Loan Contact Number
Call 9878981144 and get help immediately and permission for your Mannappuram Bank Gold Loan. You can know the exceptional offers on Gold Loan available from every Mannappuram Bank Branches throughout the nation to avail the best deal according to your wants.
Gold Ornaments Accepted by Mannappuram Bank
- Gold Adornments: for instance Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. are admissible by Mannappuram Bank for availing a Gold Loan.
- Quality: The quality of gold can vary from 18 Carat to 22 Carat.
Use of Mannappuram Gold Loan
The capital bank acquires can be beneficial for a few purposes:
- Agrarian advantages are so helpful for the farmers to perform their work and thus, the money can be used for this purpose.
- The fund can be utilized for selling purposes. The people who are thinking to start a business can get great help from this.
- Personal needs that include Higher education, travelling, or matrimonial expenses are very important for every individual and hence, we can put the amount to fulfil them.
Gold Loan Interest Rate of Major Banks
|
Bank |
Interest Rates |
|
7.00% – 14.50% |
|
| 7.00% – 16.10% | |
| Muthoot Finance Gold Loan |
7.00% – 24.00% |
| 7.00% – 17.00% | |
| Manappuram Gold Loan |
7.00% – 26.00% |
| 7.00% – 15.99% | |
| Bank of India Gold Loan |
7.00% – 26.00% |
| 7.00% – 13.50% | |
| IIFL Gold Loan |
7.00% – 12.00% |
| 7.00% – 14.65% | |
|
7.00% – 12.65% |
|
| Allahabad Bank Gold Loan |
7.00% – 10.45% |
| 7.00% – 15.75% | |
| PNB Gold Loan |
7.00% – 11.75% |
| 7.00% – 26% | |
| SBI Gold Loan |
7.00% – 15.99% |
| 7.00% – 15.99% | |
| UCO Bank Gold Loan |
7.00% – 26.00% |
| 7.00% – 13.50% | |
| Syndicate Bank Gold Loan |
7.00% – 12.00% |
FAQs About Mannappuram Gold Loan
- What is Mannappuram Gold Loan?
Mannapuram Gold Loan is a loan service where gold is kept at a bank in account of getting a loan so that an individual can satisfy their long term and short term desires. the loan is given for a certain period and is provided at a low borrowing rate.
- How can I get the Gold Loan from Mannappuram Bank?
Keeping in mind the customer’s convenience, we provide online service at the BookMyLoans website or if you are comfortable visiting the nearest branch of the bank, it is well and good.
- What is Gold Loan Interest Rate in Mannappuram Bank?
The Gold Loan interest rate of Mannppuram Bank is 7.0%.
- How much Gold Loan can I get per gram in Mannappuram Bank?
You can get Rs. 5,268 Per Gram in Mannappuram Bank.
- How to check Gold Loan status in Mannappuram Bank?
Checking Gold Loan status is of no big deal, dwell on the online tracker webpage of Mannappuram Bank Gold Loan or visit the nearest branch of the particular bank.
- How to calculate Gold Loan Interest in Mannappuram Bank?
EMI Calculator is useful for an applicant to get accurate sums according to data entered.
- How to Pay Mannappuram Bank Gold Loan Interest Online?
Mannappuram Bank Gold Loan Interest can be paid online by using various payment methods. It can be Paytm or another paying mode.
- What if I can’t pay the interest on Mannappuram Bank Gold Loan for 3 months?
Customers are not excused if they haven’t paid the interest, the bank will warn them for once if the appeal goes unheard, then the bank will be forced to take legal actions.
- How can I apply for EMI Moratorium on Mannappuram Bank Gold Loan?
Applying for EMI Moratorium on Mannappuram Gold Loan is a piece of cake. An applicant is required to put their steps at the closest branch of Mannappuram Bank or can contact the customer care of a credit instructor.