Manappuram Gold Loan

Are you getting intimidated by so many different loaning schemes? Is your business require a new machine but you don’t have enough funds to buy it? Want to pay your son’s college fee without spending a single penny from your savings? Then we have just the right thing for you. With Manappuram Gold Loan Sindhudurg you can quickly get the required loan amount at affordable interest rates. Moreover, you are free to use the loan amount in any way you like lender has nothing to do with the expenditure. As a result, this loan is said to be one of the most versatile loaning schemes of all time.

About Manappuram Gold Loan

See as the name suggest gold loan is nothing but a financial product in which an applicant takes the loan amount from the lender by providing gold ornaments as a security against the loan amount. Thus, this loan falls under the category of secured loans. And because of this reason, both banks and NBFCs are more than willing to provide you the loan amount at much lower interest rates. If you are in urgent need of money, you should consider the gold loan as the option as it is one of the fastest ways one can take the loan amount. Gold Loan is the only loan in the market which could be available within 5 to 10 minutes with ease.

Benefits of taking Manappuram Gold Loan

See, when looking for a loaning scheme, we always try to find the loan which has the lowest interest rates.

In case of a gold loan, you are getting the lowest interest rate possible on the given loan amount.

Furthermore, it is easy to avail this loan as it requires minimal documentation.

As a result, you can expect your loan to get approval within 30 minutes of applying.

In addition to this, your gold ornament is safely locked in Manappuram’s locker, and a case of any damage lender holds full responsibility.

Likewise, the processing fee is almost negligible in comparison to other loaning schemes.

Moreover, you can apply for this loan and use it according to their needs.

Lastly, the disbursal of the loan takes place in less than 24 hours.

Eligibility for availing Manappuram Gold Loan

Minimum Age of the Applicant- 18 Years

Maximum Age of the Applicant- 70 Years

Minimum Amount you can receive by pledging your Gold Ornaments- INR 18000

The minimum amount of Gold for your Cash disbursal of INR 18000 is ten gms

The purity of the guaranteed Gold should be between 18 karats to 22 karat

The gold ornaments against which you are asking for a loan should be owned by the borrower or his/her family members.

Manappuram Gold Loan Interest Rates

10.70% is the annual interest you can expect to get on gold loan which indeed makes up to less than 1% interest rate monthly. The interest rate gets decided by the evaluation of collateral by its weight and purity. You can close the loan before the tenure period by choosing foreclosure feature. By doing this, you will get the possession of your gold, and you will skip the remaining Emi’s and their respective interest rate amount. The Foreclosure charges range from 0-3% of the total loan amount.

Manappuram Gold Loan Documentation requirement

Identity Proof (Aadhar Card/Passport Copy/ Voters ID card/ Driving License).

Proof of Address (Ration card/ Tel, Electricity.Bill/ Rental Agr./ Passport copy/ Trade license /Shop & Est. License/Sales Tax certificate).

Signature Verification Proof (Passport Copy/Driving License/Banker's verification/cheque)

2 passport sizecolored photographs.

Gaurav Khurana worked as national sales head of Ing Investment Mgt India, Vice President & National Sales Director of Cross-Sell. Asst. Vice President & Branch Head of Citi Bank. Ceo of DidalaBank India’s First Financial Portal from 2011 to Present.