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

     

MSME Interest Rate

Risk related rate of Interest

  • The interest rate charged to the customer is based upon the customer profile, Credit bureau score, property type, market competition offerings, etc.
  • The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes/loan products.

Mode of Calculation

  • The interest rate will be quoted on an annualized basis only.
  • Compounding, if any, will be provided in specific loan schemes.

Penal/overdue Interest

  • 3% per month on overdue amount for actual days of due.