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Manapuram Gold Loan

Manapuram Gold Loan


Of Appraised Gold Value


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Overview Manapuram Gold Loan

Manappuram gold loan is offered by Manappuram Finance Limited. Borrowers can avail of a gold loan from this financial institution of up to Rs. 1.5 crore by pledging their gold jewellery and gold ornaments. These gold loans can be repaid within a maximum tenure of 1 year.

Manappuram Gold Loan – what are the key features?

Here are the top features of gold loan offerings by Manappuram:

  • Easy application process – The gold loan comes with minimal documentation requirements along with instant approval. Borrowers can get paperless transactions using the mobile application.
  • Loan amount – Gold loans of up to Rs. 5 crores can be availed by pledging gold or gold ornaments.
  • Insurance cover – The gold loan comes with free insurance cover for the pledged gold articles.
  • Interest rate – The interest rate on a gold loan is applied on the number of days for which the gold loan is sought.
  • Tenure – Loan tenure is based on the scheme selected by the borrower and can range between 3 months to a year.
  • Partial payments – Partial payment of loan amount and interest can be done to reduce the overall interest burden.
  • Gold pledged – The gold articles that can be pledged against the loan include jewellery of 18 K gold or higher.

What are the interest rates on Manappuram Gold Loan?

Manappuram Finance has a variety of loan offerings. For instance, those who need a gold loan for their business’s financial requirements can apply for GL BL (Business Loan) scheme. The table below shows the total loan amount granted in the different loan schemes along with the interest rates applicable for each. The bank also provides a rebate on repledging of gold.

Gold SchemeAmount

GL-DS Scheme

Rs. 5,000 to Rs. 30,000

GL-SY Scheme

Max Rs. 1 lakh

Privilege Loan (GL-PL)* | Express Gold Loan Plus(GL-XG+) | Super Loan Plus (GL-SG+) | Samadhan Plus (GL-SA+) | Swarna Shakthi (GL-SX)

As per the pre-determined individual exposure limit 


Min. – Rs. 2 lakhs
Max. – As per individual exposure limit


Min. – Rs. 5 lakhs
Max. – As per individual exposure limit

GL B2+

Min. – Rs. 10 lakhs
Max. – As per individual exposure limit

GL H3+

Min. – Rs. 25 lakhs
Max. – As per individual exposure limit

Business Loan (GL BL)

Min. – Rs. 50 lakhs

GL B4+

Subject to individual exposure limit fixed

How to avail Manappuram gold loan online

To make it easy for borrowers, Manappuram Finance offers gold loans online. Loans of up to Rs.1.5 crore can be availed with interest payment applicable only for the number of days that the loan has been used for. The features of online gold loan offerings include:

  • The gold pledged by borrowers to Manappuram Finance is maintained safely and securely since it comes attached with a free insurance cover.
  • No hidden charges are applicable on Manappuram online gold loan and borrowers can avail of the loan at any time as per their convenience.
  • Borrowers can download the Manappuram OGL app to apply for a gold loan. They can even pay interest, trace the nearest branch, and check account statements using this app.
  • The online gold loan can be availed in a smooth manner since the entire process is paperless.

What are the eligibility criteria for Manappuram gold loan?

Here are the eligibility criteria for availing of a gold loan from Manappuram:

  • Any individual who owns gold ornaments or jewellery can apply for a Manappuram gold loan. Minors cannot apply for this loan.
  • The gold ornaments must be in a karat range of 18k to 24k for gold loan eligibility.

What is the documentation needed for the Manappuram gold loan?

Manappuram Finance gold loan can be availed through minimal documentation. An applicant just has to furnish the below-mentioned documents for the same:

  • Identity proof – Passport, Voter’s ID, Driving License, PAN Card, etc.
  • Residence proof – Driving License, Passport, Aadhar Card, etc.

How to Apply for Manappuram Gold Loan

To apply for Manappuram Gold Loan, a borrower can visit one of its branches.

One must fill out the application form and submit it along with the required documents. It is also a part of the process to get the gold ornaments appraised. Upon establishing the value of the jewellery, the bank subsequently disburses the loan amount.

End Note

Manappuram Finance Limited is one of the most popular and trusted gold loan providers in the country. With hassle-free documentation, interest rates of only 9.90% onwards and immediate disbursal, Manappuram gold loan is much preferred over personal loans especially for those who have a financial emergency. You can easily avail of a gold loan against your gold jewellery or ornaments to cover your urgent financial needs.


1. How many days will it take for gold loan from Manappuram Finance?

Once you furnish the filled-in application form and required documents, you can expect approval from Manappuram Finance within a matter of a few minutes. This is, provided all the documents and other requirements are as per the lender’s conditions.

2. Can I take Manappuram gold loan without a bank account?

You need not have a bank account to avail a gold loan from Manappuram Finance. However, it is always recommended to have one as transactions are done through a bank account that is compliant with regulations.

3. Is there a need for a guarantor in the Manappuram gold loan?

There is no need to provide a guarantor for availing of a Manappuram gold loan.

4. Can we prepay a gold loan?

Those who want to reduce the interest burden on their gold loan can make a partial prepayment of the loan principal or the accrued interest.

5. Is my gold safe in gold loan?

The gold ornaments pledged with Manappuram for availing the gold loan are kept safe since these are stored in a safe room at the loan provider’s branch. The safe is built as per standards and specifications that are commonly applied to commercial banks. The gold ornaments are also insured for the entire value and electronic surveillance technology is deployed for additional protection of the pledged gold.

6. What is the minimum gold loan amount?

Manappuram offers a minimum gold loan amount of Rs. 1,000. The same can be repaid in 3 months. The loan does not have a lock-in period.

7. Is there a penalty if I prepay my gold loan?

Borrowers of Manappuram gold loans can prepay their loan amount before the tenure ends as there will be no penalty applicable on gold loan prepayment.

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