Welcome to manappuram.com! In order to provide a more relevant experience for you, we use cookies to enable some website functionality. Cookies help us see which articles most interest you; allow you to permit us to deliver content tailored to your interests and locations; and provide many other site benefits. For more information, please review ourPrivacy Policy

     

Manappuram

top
Gold Loan - Operational Scheme
  • Operational Schemes

Gold Loans Operational Schemes





 
S.NO. SCHEME NAME LOAN LIMIT LOAN TENURE
EFFECTIVE
INTEREST RATE
AFTER REBATE
(P.A.)		 REBATE %(RANGE) INTEREST RATE ANNUALISED
INTEREST RATE		 BR. CATEGORY*     
'A' CATEGORY
1 SX MIN. RS 1000 90 Days 24.75% 1.25% 26% 26.56% A
2 PL MIN. Rs 1000 90 Days 22.25% 3.75% 26% 26.56% A
3 MA1 MIN. 1 LAKH 90 Days 23% 1% - 3% 26% 28.65% A
4 MKL MIN. 1.95 LAC 90 Days 17% 2%-9% 26% 27.43% A
5 MKL MIN. 3 LAC 90 Days 16% 3% - 10% 26%            27.43% A
6 MKL MIN. 4 LAC 90 Days 15% 4% - 11% 26% 27.43% A
7 MKL       MIN. 5 LAC 90 Days 11.90% 5% - 14.1% 26% 27.43% A
8 SS2 MIN. 1 LAKH 180 Days 15% 1%-11% 26% 29.33% A
9 SS-2 MIN. 1.95 LAC 180 Days
14% 1.5% - 12% 26% 27.43% A
10 SS-2 MIN. 3 LAC 180 Days 13% 2% - 13% 26% 27.43% A
11 SS-2 MIN. 4 LAC 180 Days 12% 2.5% - 14% 26% 27.43% A
12 SS-2 MIN. 5 LAC 180 Days 9.90% 4% - 16.1% 26% 27.43% A
13 SA+ MIN. 1.95 LAC 365 Days 9.90% 2.5% - 16.1% 26% 27.43% A
14 SA+ MIN. 3 LAC 365 Days
9.90% 2.75% - 16.1% 26% 29.33%                  A
15 SA+ MIN. 4 LAC 365 Days 9.90% 3% - 16.1% 26% 29.33% A
16 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 29.33% A
17 MT+ MIN 1.99 LAC 90 Days 14% 1% - 14% 26% 29.33% A
18 MRS MIN.Rs 1000 90 Days 12% 2% - 14% 26% 26.56% A
19 SY  MAX. 1 LAKH 90 Days 21% 2% - 7 28% 28.65%                 A
20 DS MAX. 40000 90 Days 12% 1% - 14% 26% 22.03%                  A
21 MKL+ MIN. Rs 1000 90 Days 6.9% 5% - 19.1% 26% 26.56% A
22 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% A
'B' CATEGORY     
1 SX MIN. RS 1000 90 Days 25%  1% 26% 26.56% B
2 MA1 MIN. 1 LAKH 90 Days 24% 1% - 2% 26% 28.65% B
3 MA2 MIN. 2 LAKH 90 Days 19% 2% - 7% 26% 26.56% B
4 MKL MIN. 3 LAKH 90 Days 17% 3% - 9% 26% 26.56% B
5 MKL MIN. 4 LAKH 90 Days 16% 4% - 10% 26% 26.56% B
6 MKL MIN. 5 LAKH 90 Days 12.90% 5% - 13.1% 26% 26.56% B
7 SS2 MIN. 3 LAKH 180 Days 14% 5% - 12% 26% 26.56% B
8 SS2 MIN. 4 LAKH 180 Days 13% 2% - 13% 26% 26.56% B
9 SS2 MIN. 5 LAKH 180 Days 10.90% 3% - 15.1% 26% 26.56% B
10 SA+ MIN. 3 LAKH 365 Days 9.90% 2.75% - 16.1% 26% 26.56% B
11 SA+ MIN. 4 LAKH 365 Days 9.90% 3% - 16.1% 26% 26.56% B
12 SA+ MIN. 5 LAKH 365 Days 9.90% 4% - 16.1% 26% 26.56% B
13 MT+ MIN. 1.99 LAKH 90 Days 14% 1% - 14% 26% 29.33% B
14 SY MIN. 1 LAKH 90 Days 21% 2% - 7% 28%          28.65% B
15 DS MAX. RS 40000 90 Days 12% 1% - 14% 26% 22.03% B
16 MKL+ MIN. Rs 1000 90 Days 6.90% 5% - 19.1% 26% 26.56% B
17 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% B
'C' CATEGORY
1 SX MIN. RS 1000 90 Days 26% 2% 28% 28.65% C
2 MA1 MIN. 1 LAKH 90 Days 25% 1% 26% 28.65% C
3 MA2 MIN. 2 LAC 90 Days 20% 2% - 6% 26% 27.43% C
4 MA3 MIN. 3 LAC 90 Days 18% 3% - 8% 26% 27.43% C
5 MKL MIN. 4 LAC 90 Days 17% 4% - 9% 26% 26.56% C
6 MKL MIN. 5 LAC 90 Days 13.90% 5% - 12.1% 26% 27.43% C
7 SS2 MIN. 4 LAC 180 Days 14% 1% - 12% 26% 27.43% C
8 SS2 MIN. 5 LAC 180 Days 11.90% 2% - 14.1% 26% 27.43% C
9 SA+ MIN. 4 LAC 365 Days 9.90% 3% - 16.1% 26% 26.56% C
10 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 26.56% C
11 MT+ MIN. 1.99 LAC 90 Days 15% 1% - 11% 26% 27.43% C
12 SY MAX. 1 LAKH 90 Days 21% 2% - 7% 28% 28.65% C
13 DS MAX. RS 40000 90 Days 12% 1% - 14% 26% 22.03% C
14 MKL+ MIN. Rs 1000 90 Days 6.90% 5% - 19.1% 26%          26.56% C
15 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% C
'D' CATEGORY
1 SX MIN. RS 1000 90 Days 26% 2% 28% 28.65% D
2 MA1 MIN. 1 LAKH 90 Days 25% 1% 26% 27.43% D
3 MA2 MIN. 2 LAC 90 Days 21% 2% - 5% 26% 27.43% D
4 MA3 MIN. 3 LAC 90 Days 19% 3% - 7% 26% 27.43% D
5 MKL MIN. 5 LAC 90 Days 14.90% 5% - 11.1% 26% 27.43% D
6 SS2 MIN. 5 LAC 180 Days 12.90% 1% - 13.1% 26% 27.43% D
7 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 26.56% D
8 MT+ MIN. 1.99 LAC 90 Days 16% 1% - 10% 26% 26.56% D
9 SY MAX. 1 LAKH 90 Days 21% 2% - 7% 28% 28.65% D
10 DS MAX. RS 40000 90 Days 12% 1% - 14% 26% 22.03% D
11 MKL+ MIN. Rs 1000 90 Days 6.90% 5% - 19.1% 26% 22.03% D
12 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% D



Rebate in Gold loan Scheme

  • For regular monthly interest paying customers, the initial interest rate slab will be continued during the contracted loan tenure.
  • Effective interest rate of various gold loan schemes is applicable after adjusting interest rebate on prompt monthly interest remittance by the customers. The eligibility for interest rebate is based on the interest remittance frequency and available till the end of contracted loan tenure to all customers.
  • OGL registered customers will get attractive interest rate rebate by repledging via online mode in PL/SX schemes based on the repledge frequency as follows:
  • 4 repledges in every 15 days from the inventory created date - Effective Interest Rate of 12% p.a.
  • 3 repledges in every 15 days from the inventory created date - 4% interest Rebate.
  • 2 repledges in every 15 days from the inventory created date - 2% interest Rebate.
  • 2 repledge in every 30 days from the inventory created date (1st repledge in 1-15 days & next repledge in 16-30 days) -1.5 % interest Rebate
  • 1 repledge in every 30 days from the inventory created date - 1% interest Rebate
  • For counting number of repldges during every 15days, the difference between two pledges shall be minimum 1 day.
  • Repledge done on the inventory creation day will not be considered for interest rate rebate eligibility
  • *Effective Interest Rate is based on inventory concept, meeting the repledge criteria*

Note

  • For MKL+ & MBR+ Gold loan schemes, if settled within 7 days, the company will charge a minimum of 7 days' interest or Rs 50, whichever is higher, from the customer.

  • Overdue interest is chargeable at 3% p.a. after loan tenure.

  • Compounding in all Schemes at monthly rest.

  • Processing fee of Rs. 10/- for all schemes at the time of settlement. Additional processing fee on Repledge at 0.007% of new pledge value.

  • Individual maximum exposure limit : 25 Lakhs. Requires separate approval for additional exposure.

  • To view the Branch Category List Click here.
     

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.