Manappuram Gold Loan
Manappuram Gold Loan

Gold is one of the most precious metals, which is also very expensive. Gold is considered one of the most recognized metals in the country. But is it do you know that you can take loans if you have Gold? Yes.. Manappuram Gold Loan would provide that opportunity.

But many times, a person faces such a problem that he is short of money, to meet this needs, one of the companies offering these gold loans is Manappuram which is takes gold from any person and give him money in exchange for it so that you can fulfill your need.

What is Manappuram 2024 ?

Manappuram Company’s full name is Manappuram Finance Limited or MAFIL which is a non-banking finance company, this company was started in 1949 by vc padmanabhan. Apart from giving Manappuram Gold Loan, this company also offers some financial products like, money transfer, SMEs also provide services in finance and commercial vehicle loans etc.

This company has been offering its services to people for the last 71 years, so you can trust this company, so there is no possibility of any kind of fraud in this company.In addition, Manappuram Finance has more than 3200 deals across the country.

Manappuram Finance offers a very low interest rate on gold loans. Because of which there is confidence in the people of this company. Not only this, customers can also avail the Gold Loan from official app. On this app, you will also get information related to all the services of Manappuram.

Must Read : What is muthoot finance gold loan

What is Manappuram Gold Loan ?

Manappuram Gold Loan
Manappuram Gold Loan

In, Manappuram Gold Loan you get a fixed amount according to the value of your gold by pledging your Jewelries with the company. In such a situation, the company also protects your gold and gives you money in the form of debt to fulfill your needs.

When the entire amount of the loan is repaid with you, you can withdraw your gold by depositing the loan amount, thus your money is also used and your gold is also returned.

Do You Know : what is Bitcoin Currency

Manappuram Gold Loan Interest Rate

Loans on gold are available at a lower rate of interest. The reason behind this is also that gold loan falls in the category of secured loan. Because companies do not have to take any kind of risk in this, the interest rate of gold loan is also much lower than a personal loan or any other loan.

However, the rate of Gold Loan also varies from time to time. The interest rate of Manappuram Finance Gold Loan is minimum 12% and maximum 28% per year. Apart from this, you also have to pay one percent processing fee. The tenure of this loan ranges from six months to 36 months.

Apart from Manapurram other companies too provide the Gold Loan like Muthoot. Even the Government of India has taken the initiative to work on this in Pradhan Mantri Mudra Yojana

Some benefits of taking a Manappuram Gold Loan

  • Manappuram company has a lower rate of interest, which makes it easier for you to pay.
  • By taking a loan from Manappuram, your gold is safe in a bank locker, so there is no risk of it getting stolen.
  • You can use that money for any of your personal purposes by taking a loan from here.
  • Very few documents are required to take gold from Manappuram Company so that the company can easily identify you with the help of documents when withdrawing your gold.
  • When taking a gold loan from here, your CIBIL score does not play any role. If your CIBIL score is low, you can still take Gold Loan.
  • You do not have to pay any kind of processing fees when you take a gold loan from Manappuram Company.
  • If you take a gold loan from company, you can repay your gold through the company’s loan installments.
  • You can also take loans ranging from thousands of rupees to crores of rupees through gold from Manappuram Company.

Must Read : How to get Bajaj Finserv Personal Loan

Manappuram Gold Loan Amount (per gram rate)

Manappuram gold loan starts at Rs 25000, after which you take it up to crores of rupees. The amount of gold loan depends on the gold purity as well as the quantity of gold ornament. The amount is given in the rate of purity per 10 grams.

  • 18 Carat Gold: Rs 17500
  • 17 carat gold: 17200 rupees
  • 19 Carat Gold: Rs 18500
  • 20 Carat Gold: Rs 19800
  • 21 carat gold: Rs 21700
  • 22 carat gold: Rs 22900

Do You Know : what is life Insurance

Some important things for Manappuram Gold Loan

  • To take a Manappuram Gold loan, the applicant must be an Indian citizen.
  • For taking the minimum age limit should be 18 years and maximum – 70 years only then you will be able to take advantage of this loan.
  • You can also take when you own gold.
  • The purity of your jewelery should be between 18 carat to 22 carat to take a gold loan.
  • To take a loan, the weight of the applicant’s gold must be at least 10 grams or more than 10 grams.

Documents required for Manappuram Gold Loan

  • Applicant’s Aadhar Card
  • Voter ID card of the applicant
  • Applicant’s driving license
  • Passport of the applicant
  • Residence proof of the applicant
  • Applicants should have two passport color photography.

Also Read : How to get HDFC Life Insurance ?

Most Frequently asked Questions

How to apply for Manappuram Gold Loan ?

If a person wants to take a Manappuram Gold Loan, then he can apply both offline and online. If you want to apply online then you can apply by visiting the official website of

But if you want to apply offline then you can also apply by going to your nearest branch. While going to the branch, you will have to bring some important documents and gold along with you.

There, you have to fill a form, after filling the form, you will have to attach the gold and all your documents by attaching it with the form, after which your gold and documents will be checked. After the investigation, you will have to deposit the processing fee of the loan. After some time you will get a loan. If there is a large loan amount, you will have to talk to the manager too.

Do You Know : What is National Health Insurance Scheme

In this article, we have given you complete information about Manappuram Gold Loan in easy language, what is Gold Loan, how can you take Loan and what documents you will need to take a Loan so that you There is no problem of any kind in taking a loan.

You even learnt What is the benefit of taking loan from Company, if you like this article, then tell us by commenting and share it with others so that they too can know about Manappuram Gold Loan.

Dear Reader,
Formal News has always strived hard to provide up-to-date information and commentary on Centre and State Government Schemes that are of interest to you, your family and your Society. We believe in free, fair and credible information.
Even during these difficult times arising out of Covid-19, we remain committed to keeping you informed and updated.
However, We have a request:
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to offer you more quality content. Your support in the form of Donations will be encouraging for us. Your donation can only help us achieve the goals of offering you even better and more relevant content. Your encouragement and constant feedback can help us to improve our offering. We need your financial support. You can support us through the Patreon Link:

Become a Patron!

Join our Subscriber lists to get the latest news,updates and special offers delivered directly in your inbox


Please enter your comment!
Please enter your name here