Loan Eligibility
- The applicant must be an Indian resident.
- The applicant should be at least 18 years of age.
- The gold ornaments offered as collateral must be owned by the applicant.
Loan Amount
- The loan amount will be determined based on the purity, weight, and current market value of the gold.
- Minimum and maximum loan amount is subject to company policy and regulatory guidelines.
Interest Rates
- The interest rate is determined by the loan amount, tenure, and prevailing market conditions.
- Interest is calculated for actual days of pledging.
Loan Tenure
- The loan tenure ranges up to 12 months.
Repayment
- Customers can enjoy flexible repayment options at their convenience, including online payments, our Mobile App, or by visiting our branches
Security
- The gold ornaments provided as collateral will be stored securely in vaults with 24*7 surveillance, the same shall be insured.
- The pledged gold ornaments will be returned to the borrower upon full repayment of the dues.
Processing Fees
- A nominal processing fee will be charged for gold loan.
- The fee is non-refundable.
Valuation of Gold
- The gold ornaments will be appraised instantly.
Documentation
- The applicant must provide valid identification and address proof.
- Additional documents may be required based on company policy.
Insurance
- The pledged gold ornaments are insured by the company.
- The insurance cost will be borne by the company.
Renewal and Extension
- Loans can be renewed or extended by paying the accrued interest and applicable charges.
- Renewal is subject to approval.
Default and Recovery
- In case of default, Manappuram Asset Finance Limited reserves the right to auction the pledged gold.
- The borrower will be notified before the auction.
- Proceeds from the auction will be used to settle the outstanding loan amount and any surplus will be returned to the borrower.
Rights of the Company
- Manappuram Asset Finance Limited reserves the right to amend the terms and conditions at its discretion.
- Any changes will be communicated to the borrower in advance.
Legal Compliance
- The loan agreement is subject to the jurisdiction of the courts where the loan is sanctioned.
Contact Information
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For any queries or assistance, borrowers can contact Manappuram Asset Finance Limited customer service at 8714653666 or email at goldloan@maafin.in
Disclaimer
- Manappuram Asset Finance Limited reserves the right to reject any loan application without providing any reason.
- All loans are subject to approval based on the company’s internal policies and procedures.