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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Manappuram Personal Loans lets the common man fulfil his personal dreams at best interest rates and comfortable tenures. One can get up to Rs.5 lakhs personal loan at interests starting at just 13%, which can be repaid over 60 months. The loan is also processed quickly with just simple documentation. The company offers doorstep service for loan processing and document collection. Check the eligibility criteria and apply now.
Currently not available! for similar products
Processing Fee
2%
Max Tenure
NA
Best Rate
12%
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.
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.
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:
Minimum Age | 23 years |
Maximum Age | 60 years at the time of maturity of the Personal Loan |
Minimum Income Requirement | Rs. 20,000 |
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 |
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 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.
Toll Free Number: 1800-420-22-33 (8:30 PM Monday to Saturday)
Email: info[at]manappuram[dot]com
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.
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.
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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