Auction Charges are mentioned below:


Particulars		Charge per pledge(Including tax)(Rs)
Printing & Stationary6.00
Advertisement Charges170.00
Transportation50.00
Insurance30.00
Charges paid to auctioneer45.00
Postage( Each Instance)80.00
Expense incurred for sorting,litting,and other auction related work160.00
Total Auction ChargesRs 540.00

 

 Gold Processing Charge
 At the time of Loan Settlement Rs 30 (inclusive of tax)
Penal charges2% p.a. after loan tenure
  • Ordinary and Registered letter charges are Rs.5/- and Rs.30/- Respectively. 
  • Cheque sending charge to auction surplus customers is Rs.50/-
  • Delivery of statement of account - Nil within 30 days of closure.
                                                           Rs.25/- after 30 days of closure.
  • Form K settlement charges - Min Rs 75 and max Rs 100 per pledge
                                                  

Stamp duty is being collected in Rajasthan, Karnataka and Andhra Pradesh states for fresh pledge is as
follows; 

State / Loan AmountStamp Duty
Rajasthan

0.25% of the loan amount + applicable Surcharge

Karnataka : 1 Lakh and above

0.5% of the loan amount

Andhra Pradesh : 1 Lakh and above0.5% of the loan amount

Safe custody Charges on monthly basis for the period of under-utilization of credit limit exceeding 90 days 

Gold WeightCharge / Month -Rs
Below 20 Gm8/-
20 to <50 Gm40/-
50 to <100 Gm93/-
100+ Gm277/-

 

Gold Loan Charges and Fees FAQ

What is the gold loan processing fee at Manappuram?

Manappuram Finance charges a processing fee of ₹30 (inclusive of tax) at the time of gold loan settlement. This is a one-time charge, separate from your interest payments.

Is stamp duty applicable on a gold loan?

Stamp duty applies only in a few states. Manappuram Finance currently collects it in Rajasthan (0.25% of the loan amount plus applicable surcharge), Karnataka (0.5% for loans of ₹1 lakh and above), and Andhra Pradesh (0.5% for loans of ₹1 lakh and above). In other states, no stamp duty is charged.

Is there a foreclosure charge for early closure of a gold loan?

No, Manappuram Finance doesn't charge a foreclosure fee. You can close your gold loan early, anytime during the tenure, without a penalty. The only closure-related cost is a statement of account fee, free within 30 days of closing; ₹25 if requested after that.