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MANAPPURAM Personal Loan

Apply MANAPPURAM Personal Loan

Processing Fee

2%

Max Tenure

NA

Best Rate

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About Manappuram Personal Loan

A Personal Loan is the most convenient and affordable financial product for emergencies. Personal loans are processed quickly and the funds are disbursed within hours so that you can meet your needs. These loans are unsecured and do not need any security or collateral to avail them.

Manappuram is a reputed name in the personal lending market, making it trustworthy and professional services for your personal loan needs. They offer personal loans with very competitive interest rates within 24 hours and very minimal documentation.

Key highlights of Manappuram Personal Loan

  • Minimal documentation
  • Disbursal within 24 hours for approved loans
  • Flexible repayment tenures
  • No need for collateral or security
  • No hidden charges or fees

What are the advantages of getting your personal loan from Manappuram?

Interest rate - Manappuram offers one of the best interest rates in the market. Their personal loans come with a low interest rate of just 13% p.a.

Quick processing and fast disbursal – Upon submitting all relevant documents, the loan is processed and disbursed in the next 24 hours.

Minimal documentation - The loan is processed based on your income. Hence, once your eligibility has been determined, you just have to submit basic documents to complete the loan processing.

Based on your eligibility, you can get loan amounts of up to Rs.5 lakhs. 

Repay your loan amount comfortably through tenures ranging from 12 months up to 60 months.

Collateral – free loans – You can get personal loans of up to Rs.5 lakhs without any collateral or security.

Fully transparent loan process – Manappuram personal loans are totally transparent. They do not have any hidden charges. What you see is what you get. You can get all the information regarding your loan before giving the final nod.

Who is eligible to get a Personal Loan from Manappuram?

Manappuram Personal Loans can be availed by salaried individuals, self-employed professionals and self-employed businessmen. Here is a list of individuals eligible for Manappuram Personal Loans:

  • Salaried Employees
  • Salaried Doctors
  • Employees of public and private limited companies
  • Government sector employees including Public Sector Undertakings, Central and Local bodies
  • Loan for Existing Customers
  • Self-Employed – Professionals like CAs, Doctors, Architects, etc. 
  • Self-Employed individuals like traders, business people, etc.

Manappuram Personal Loan Income and other eligibility criteria

Minimum Age

23 years

Maximum Age

60 years at the time of maturity of the Personal Loan

Minimum Income Requirement

Rs. 20,000

Manappuram Personal Loan documents requirement

Age Proof

Copy of Passport/Driving License/Aadhaar Card

Address Proof

Copy of Passport/Driving License/Aadhaar Card/Voter ID/Ration Card

Identity Proof

Registered Rental Agreement/Utility Bills of past 3 months/Copy of Passport/Copy of Ration card

Income Proof for Salaried Employees

PAN card, Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement

Income Proof for Self Employed

PAN Card, IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Manappuram Finance Personal Loan Interest Rates & Other Charges

Interest Rate

13.00% p.a. onwards

Processing Fee

Up to 2% + GST

Minimum Income Requirement

Rs. 20,000

Loan Approval Timing

48 hours

Minimum Loan Amount

Rs. 50,000

Maximum Loan Amount

Rs. 5 Lakh

Minimum Loan Period

12 months

Maximum Loan Period

60 months

Type of Interest Rate

Fixed Interest Rate

Interest Charging Method

Reducing balance method

Duplicate NOC Charges

At actuals

Stamp Duty Charges

As per state laws

Statement Of Account Charges

Nil

EMI Payment Options

Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque

Manappuram Finance Personal Loan Application Process Details

  • You can apply for the Manappuram Finance Personal Loan at your nearest branch. 
  • You can find the list of nearest branches from the website. 
  • Use the ‘Enquire Now’ form to get a call back from an authorized representative from Manappuram.
  • Use the ‘Ask Mira’ chatbot to get more information on the personal loan. 
  • Call the sales support on their landline number 0487-3050449
  • You can also send an email to pl.sales1[at]manappuram[dot]com

About Manappuram Finance

Manappuram Finance Ltd. has grown to become one of India's biggest Gold Loans NBFCs. It's being led by Shri. V.P. Nandakumar, the current MD & CEO, but its origin dates back to 1949 when it was founded in the coastal town of Valapad (Thrissur District). Manappuram Finance Ltd. was established way back in 1992 and expanded at a really fast pace. It currently has 4622 subsidiaries (including subsidiaries of foreign companies) across 28 states / UTs with assets under management (AUM) of Rs. 252.25 billion and a workforce of 27.726.

Manappuram Finance Customer Support

Toll Free Number: 1800-420-22-33 (8:30 PM Monday to Saturday)

Email: info[at]manappuram[dot]com

Why is Personal Loan the better option?

Personal loan is money lent from a lender that you reimburse in equivalent regular payments or instalments for a set term, usually one to five years. You can receive personal loans from banks, NBFCs and online lenders.

You pay interest on the loan in exchange for borrowing. Interest rates on personal loans vary from around 6% to 36%. Borrowers with decent or exceptional credit are more likely to apply and earn a rate at the lower end of the chart.

If your credit score is not very good, you could improve your odds of qualifying by building up your score and reducing your debt. Some lenders offer bad-credit personal loans, but expect higher interest rates.

Personal loans can be a smart choice if you use them to meet a financial objective, such as paying off debt by restructuring or renovating your house to raise its worth.

It would also make sense to use a personal loan for big transactions that you don't want to put on a credit card. Some lenders give loans up to Rs.30 lakhs, and fixed monthly payments can be more budget-friendly than revolving credit cards.

Saving is the best option — and also the affordable — way to compensate for all those dreams. However, if you have to repay, and your salary is secure enough to stick to a few years of interest payments, then a personal loan can be easier than a lot of credit cards.

How to choose the best personal loan?

If you've weighed the choices and you've decided to go for a personal loan, consider these variables to help you choose the right loan for you:

Evaluate your costs: Choose a good personal loan calculator to determine interest and EMI payments based on your credit score and loan amount. Take those fees into the expenditure forecast and make sure you can handle the loan.

Compare prices around borrowers: It helps to look around for the right mix of low rates and fees. Many online lenders allow you to pre-qualify to check offers, without impacting your credit, using a soft credit check.

Loan features: Some lenders have smartphone applications that help you to manage your loan. Others provide variable payment plans that allow you to adjust the due date or delay payment. When you merge your loans, certain lenders will give the proceeds of your loan directly to your creditors.

Additional benefits: Take advantage of value added features like free credit score tracking, financial planning services etc. that may be provided by your lender.

FAQs

1. What is the Interest Rate offered on Manappuram Personal Loan?

Manappuram Personal Loans come with an interest rate starting from 13% p.a.

2. What is the minimum and maximum age limit for getting a Personal Loan from Manappuram?

The age eligibility is minimum 23 years and a maximum of 60 years at the time of loan maturity.

3. Is there a minimum loan amount I should apply for?

Yes, the minimum loan amount is Rs. 50,000 and you can get up to Rs. 5 lakhs based on your eligibility.

4. What is the Processing Fee for Manappuram Personal Loan?

The processing fee is 1%-2% of the loan amount plus GST. Processing fees usually depends on the loan amount and the type of loan.

5. What are the repayment options available to pay my monthly EMIs?

Manappuram personal loan EMIs are deducted automatically from your bank account through the NACH mandate. You also can also pay using NetBanking to pay your personal loan EMIs.

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