Operational Schemes

Customers ! Please avail special rebate immediately on regular payment of interest on the loan on certain schemes only. Refer table shown below

Scheme Name Loan Tenure Slab Rate of Interest (p.a.) Maximum amount permitted per customer
In Kerala State Annualized Interest Rate In Other States Annualized Interest Rate
GL-DS Scheme 90 Days 0 - 30 days 12% 18.51% 12% 18.51% Minimum loan value is Rs.5,000/- and Maximum loan value is Rs. 50,000/-
31- 60 days 18% 18%
61- 90 days 24% 24%
GL-SY Scheme 90 Days 0 - 30 days 15% 22.36% 15% 22.36% Maximum loan amount limited to Rs. 200,000/-
31- 60 days 24% 24%
61- 90 days 26% 26%
Privilege Loan
(GL-PL)*
90 Days 0 - 30 days 20% 24.12% Subject to individual exposure limit fixed
31- 60 days 24%
61- 90 days 26%
Express Gold Loan Plus
(GL-XG+)
180 Days 0 - 30 days 20% 26.33% 24% 27.27%
31- 60 days 24% 25%
61- 180 days 26% 26%
Super Loan Plus
(GL-SG+)
270 Days 0 - 30 days 20% 27.70% 24% 28.36%
31- 60 days 24% 25%
61- 270 days 26% 26%
Samadhan Plus
(GL-SA+)
365 Days 0 - 30 days 20% 28.94% 24% 29.47%
31- 60 days 24% 25%
61- 365 days 26% 26%
Swarna Shakthi
(GL-SX)
90 Days 0 - 30 days 24% 25.88%
31- 60 days 25%
61- 90 days 26%
Value for Money
(GL-VM)*
90 Days 0 - 30 days 22% 24.82%
31 -60 days 24%
61-90 days 26%
GL B1-N 90 Days 0-30 days 22% 23.42% 22% 23.42% Subject to individual exposure limit fixed (Minimum Loan value for B1-N : 5 Lakhs, B1+N : 2 Lakhs & B2+ : 10 Lakhs)
31-90 days 23% 23%
GL B1+N 90 Days 0 - 30 days 22% 24.82% 22% 24.82%
31 -60 days 24% 24%
61-90 days 26% 26%
GL B2+ 90 Days 0-30 days 19% 23.77% 19% 23.77%
31-90 days 25% 25%
GL H3** 90 Days 0-30 days 12% 24.82% 12% 24.82% Minimum Loan value : 25 Lakhs.
31-60 days 18% 18%
61-90 days 24% 24%
GL B4+ 90 Days 0-90 days 15% 15.40% 15% 15.40% Subject to individual exposure limit fixed

Rebate in Gold loan Scheme

Note

Approach for Gradation of Risk

The process of gradation of risk and interest determination is primarily based on the details/attributes of the loan scheme, say, LTV, tenure of the loan and the amount of loan extended. As a result, higher the risk perceived for a loan, based on assessment of the said factors the interest rates are likely to be higher and vice versa. For example, for the loans with lesser tenure (e.g. SX scheme) the risk perceived is higher and thus maximum interest rate is applied.

For further details contact nearest branch. For a branch near you, log on www.manappuram.com/branchlocator