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

     
Gold Loan - Operational Scheme

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
AVAILABLE
LOCATIONS
1 MANAPPURAM KISSAN LOAN GL MKL MIN. Rs 8 Lakhs
 
180 Days 6.9% 2% - 19.1% 26% 27.43% PAN INDIA
2 GL SX+ MIN. Rs 1000,MAX. Rs 50000 180 Days 23% 2% - 3% 26% 27.43%
3 GL MSX+
MIN.Rs1000/-
MIN. Rs 50000,MAX. Rs 1 LAKH 180 Days 21% 2%-5% 26% 29.33%
4 GL MA1 MIN.Rs1LAKH,MAX.2LAKH 180 Days 20.5% 2%-5.5% 26% 27.43% AVAILABLE IN ALL BRANCHES
5
6 GL MA2 MIN. Rs 2 LAC,MAX.5 LAKH 180 Days 16.5% 3% - 9.5% 26% 27.43%
7 GL MA-3 MIN. Rs 5 LAC,MAX. Rs 8 LAKH 180 Days 14% 4% - 12% 26% 27.43%
8 GL SS1 MIN. Rs 5 LAC
90 Days 18%
90 Days 18% 6% 24% 24.48% PAN INDIA
9 GL SS3
 
MIN. Rs 10 LAC 90 Days 12% 12% 24% 24.48%
10 GL MT+ MIN. Rs 1.9 LAC 180 Days 10% 2%-16% 26%          29.33%           
11 GL B1+N MIN. 2 LAC 90 Days 20% 2% - 8% 20%/26%/28% 25.17% KERALA
23% 2% - 8% 23%/26%/28% 26.21% REST INDIA
12 GL B1-N MIN. 5 LAC 90 Days 19% 2% - 7% 19%/24%/26% 23.43% KERALA
20% 2% - 6% 20%/24%/26% 23.78% REST INDIA
13 GL B2+ MIN. 10 LAC 90 Days 17% 2% - 7% 17%/22%/24% 21.36% KERALA
18% 2% - 6% 18%/22%/24% 21.71% REST INDIA
14 GL H3+ MIN. 25 LAC 90 Days 15% 6% - 9% 15%/18%/24% 19.29% PAN INDIA
15 SWARNA SHAKTHI (GL-SX) MIN. Rs 1000/- 90 Days 25% 2% - 4% 25%/27%/29% 27.78% APPLICABLE ONLY IN TAMILNADU, A&N AND PONDICHERY
90 Days 25.75% 1.50%-3.25% 25.75%/27.50%/29% 28.04% APPLICABLE ONLY IN KARNATAKA,TELANGANA, AP, J&K, CHANDIGARH,PUNJAB, GUJARAT, GOA AND DELHI
90 Days 25.75% 1.50%-3.25% 25.75%/27.50%/29% 28.04% *APPLICABLE ONLY IN TIER 1 BRANCHES IN NORTHEN STATES
90 Days 26.75% 1.50% - 2.25% 26.75%/27.50%/29% 28.39% APPLICABLE ONLY IN NORTHEN BRANCHES OTHER THAN TIER 1 BRANCHES
16 SAMADHAN PLUS GL-SA+ MIN.Rs 1000 365 Days
28% 1% - 2% 26%/27%/28% 31.57%  PAN INDIA
17 SUPER LOAN PLUS GL-SG+ MIN.Rs 1000/- 270 Days 22% 1% - 6% 22%/27%/28% 29.79% KERALA
26% 1% - 2% 26%/27%/28% 30.32% REST INDIA
18 EXPRESS GOLD LOAN PLUS GL-XG+ MIN.Rs 1000/- 180 Days 22% 1.50% - 7% 22%/27.50%/29% 29.19% KERALA
26% 1.50% - 3% 26%/27.50%/29% 29.94% REST INDIA
19 PRIVILEGE LOAN GL-PL MIN.Rs 1000/- 90 Days 21% 2% - 5% 20%/27.50%/29% N/A ONLY KERALA(373 BRANCHES)
20 GL-SY SCHEME MAX. Rs 1 LAKH 90 Days 21% 2% - 7% 21%/26%/28% 24.3% PAN INDIA
21 GL-DS SCHEME/MAHILA SCHEME MIN.Rs 5000/- MAX.Rs 30000/- FOR WOMEN Rs 40000/- 90 Days 12% 2% - 14% 12%/25%/26% 22.03% PAN INDIA

Rebate in Gold loan Scheme


*Effective Interest Rate is based on inventory concept, meeting the repledge criteria*

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.