Helpline 0487 2393399   |  Toll Free No. 180030020388
 
SME Loan

Why Manappuram Asset Finance Ltd?

  • No initial loan Processing Fee. Processing fees 1% of loan amount at the time of disbursement only.
  • Loans to Business class with 3+ years of business experience.
  • Loan against Residential /Commercial /vacant plot
  • Property of self or close relative (Father, Mother, Son, Daughter, brother and sister). No third party property will be entertained.
  • Loan amount Minimum 5 lakhs; Maximum 50 lakhs
  • No loan foreclosure charges after 6 months
  • Purpose/End use of the loan : For business expansion/business purpose only.
  • Loan To Value (LTV) : 40% on market value of property as per the approved valuation.
  • Period/Tenure : Maximum 7 years.
  • Attractive interest rates.
  • Applicant : Property owner / Business person.
  • Guarantor 1 : Preferably Lady Guarantor (Spouse/ mother/ Sister/ Father/ Brother/ Husband).
  • Guarantor 2 : preferably outside person with adequate income/ assets.
  • Overdue interest rate: 3% p.m (36% p.a) for overdue amount for overdue period.
  • Net monthly income of the Applicant / Co-applicant should be at least double of the EMI of the proposed loan.
  • Other actual expense like Legal Scrutiny charges, Property Valuation charges, Registration expenses etc to be borne by the applicant.
  • Repayment by Equated Monthly Installment (EMI).

Documents needed

  • CIBIL Score : Minimum CIBIL Score 650 or -1. CIBIL score below 650 may be considered if the customer submits satisfactory evidence for the default/overdue.
  • Loan application forms : As per company format.
  • Business License proof : Vintage in business is 3 years and above.
  • KYC : Pan card copy, address proof, ID proof and Photo.
  • Photo of security property, residence and office.
  • Bank statement : Latest 12 months business transaction (OD/CA/SB).
  • Financials : Latest 2 years B/S, P&L and ITR, if any, Customer certified B/S and P&L financials also can be submitted if audited financials and ITR are not available.
  • Track records : Minimum 1 loan track for last 6 months and its sanction letter.
  • End use : Quotations / invoices / self declaration.
  • Power of Attorney, if any : As per company format
  • Registration of memorandum of title deeds.

Offices

Kerala
1. Manappuram Asset Finance Ltd – VALAPAD, THRISSUR
Door. No: V/104, Opp. Police station,
Valapad (P.O), Thrissur Dist, Pin : 680567, Kerala
Phone Number : 0487-3100702
Mob Number : 9745215025
2. Manappuram Asset Finance Ltd - ERANAKULAM
DD Samudradarshana, 1st Floor, D7(above ICICI Bank),
Near Taj Gateway, Marine Drive, Kochi, Kerala
Phone Number : 0484-3208889
Mob Number : 8111924999
Tamil Nadu
3. Manappuram Asset Finance Ltd – CHEPAUK, CHENNAI
Old No. 17, New No. 35B, Bharathi Salai, Opp. Gossa Hospital,
Triplicane, Chennai Dist., Tamil Nadu-05
Phone Number : 044 - 28446265 / 32025043
Mob Number : 8939921577
4. Manappuram Asset Finance Ltd - COIMBATORE
Door No.410/2, First floor, Thadagam Road, Edayarpalayam,
Coimbatore Dist, Tamilnadu, Pin: 641025
Phone Number : 0422-2400054 / 3227170
Mob Number : 9944649778
Karnataka
5. Manappuram Asset Finance Ltd – KURBURAHALLI, BANGALORE
Door.No 60, First floor, No.47, Last Bus stop, 6th Cross,
Kurubharahalli, Bangalore D.t, Karnataka, Pin: 560086
Phone Number : 080 - 23225522 / 32561007
Mob Number : 9745215025
 
 
 
 
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