Which is better Muthoot Finance or Manappuram?

As per the current rates, Muthoot offers a lower interest rate of 6.90% on Gold Loan when compared to Manappuram which offers a Gold Loan at 7.00%.

Is manappuram owned by Tata?

MMP Mobi Wallet Payment Systems, a subsidiary of Tata Teleservices, announced a tie up today with Manappuram Finance Ltd., one of India’s leading gold loan NBFCs, for providing a convenient and secure alternative physical and online repayment option to its customers.

What is Manappuram gold loan rate?

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Particulars	Manappuram	SBI Gold Loan
Interest Rate	7.0% per annum	7.50% – 7.50%
Processing Fees	Up to 1% of the loan amount, minimum Rs. 750	0.50% of the loan amount, minimum Rs. 500
Loan Tenure	Up to 36 months	3 months to 36 months
Loan Amount	Up to ₹ 1.5 crore	₹ 20,000 to ₹ 20 Lakh

What is interest rate in manappuram?

The gold loans availed from Manappuram Finance can be repaid in a maximum of 1 year….Manappuram Gold Loan Scheme Details.

Interest rate	Up to 29%
Tenure	Up to 12 months
Maximum Loan Amount	Up to Rs.1.5 crore

Is gold safe in manappuram?

Are the pledged gold ornaments safe and secure with Manappuram? Gold ornaments accepted as pledge by the customers are stored at the branches in strong safe / strong room built to the standards and specifications applicable to commercial banks. The pledged gold ornaments are insured for full value.

Which bank is best for gold loan?

Top 6 Banks Offering Cheapest Gold Loans For Farmers at Attractive Interest Rates; Details Inside

Bank/NBFC	Gold Loan Interest Rate	Processing Fee
SBI	7.00% to 7.50%	0.50% + GST
Punjab & Sind Bank	7.00% to 7.50%	Rs.500 to 10000 max
Union Bank	7.25% to 8.25%	–
Canara Bank	7.35%	Rs.500 to Rs.5000

When was Asirvad Microfinance Limited Incorporated?

29th Aug, 2007
Incorporated under The Companies Act,1956 on 29th Aug, 2007.

What are the documents required for gold loan in manappuram?

We need one document of identity proof (such as ration card, driving licence, PAN Card, Voter ID card, passport etc.) and one document of residential proof. There are no end-use restrictions in gold loans.

Which is best for gold loan?

Best Gold Loan Interest Rates Comparison

HDFC Bank	9.50% to 17.55%
Muthoot Finance	12% to 27%
ICICI Bank	10% to 19.76%
Punjab National Bank	8.75% to 9.0%
Yes Bank	8.40% to 14.40%

What is the rate of gold loan?

Gold Loan Details

Interest Rate	7.35% p.a. onwards
Loan Amount	Up to Rs.1 crore
Loan Tenure	Up to 20 years
Processing Fee	0.5% the loan amount + GST onwards

Does manappuram accept gold coin?

People can make use of the gold ornaments, bars, or coins held at homes or bank lockers and get money without any hassles. Manappuram has been serving customers pan India with gold loan schemes that can be acquired at lower interest rates. Get in touch with us to apply for a gold loan online.

Can we pledge 24 carat gold?

If you pledge gold ornaments, only gold portions are used for calculating the value; other metals, stones and gems are excluded from the calculations by the lender. In case you take a gold loan against 24 carat gold coins, they should have been issued by banks.

Which bank is lowest interest rate for gold loan?

Low Interest Gold Loan Rates: Top 5 Banks

Banks	Interest Rate	Tenure
HDFC Bank	9.00%	3 months to 24 months
Yes Bank	9.99%	6 months to 36 months
ICICI Bank	10.00%	6 months to 12 months
Fincare Small Finance Bank	10.99%	3 Months to 9 Months

Which bank gives highest gold loan per gram?

Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL

Bank / NBFC	Rate Per Gram	Interest Rate
HDFC Gold Loan	₹ 2,900 to ₹ 3,450	9.90%
ICICI Gold Loan	₹ 2,900 to ₹ 3,450	10.00%
Muthoot Finance Gold Loan	₹ 2,900 to ₹ 3,450	12.00%
Manappuram Gold Loan	₹ 2,900 to ₹ 3,450	12.25%

Which is the first branch of Asirvad microfinance?

Asirvad Microfinance Location 1st, Floor, Lemuir Building, 10, GN Chetty Road, T. Nagar, Chennai-600 017.

Who is the founder of Asirvad Microfinance Limited?

Mr. S.V. Raja Vaidyanathan
The company was founded in 2007 by Mr. S.V. Raja Vaidyanathan, and it was acquired by Manappuram Finance Limited in 2015. Mr. B N Raveendra Babu is a promoter director of Manappuram Finance Limited where he served as an Executive Director prior to this appointment.

Is it safe to take gold loan from manappuram?

How is gold loan calculated?

Calculate Your Gold Loan Amount *The market value of your gold is calculated by taking 30 days average gold rate of 22 carat gold | Purity of the gold is assumed at 22 carat. *You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.

Which bank has lowest interest rate on gold loan?