Why Gold Loan
India possess one of the largest privately held gold reserves, estimated variously at about 20 to 25,000 tonnes and valued at more than US$1 Trillion. Almost every Indian household invests in gold jewellery and has an emotional connect with their gold jewellery which often has the status of family heirloom. While the gold loan business has generally flourished in Southern India, it has barely scratched the surface in the North and East of India. And that is the opportunity to capture.
How are we doing it
Manappuram Finance Limited has developed an extensive branch network across the country. While we have better branch network in south considering our origins in the region, we have aggressive growth plans for North and East regions of the country. A Manappuram Gold Loan is available to customers through
- Our Branches
- Text messages
- Doorstep of customers
Manappuram offers loan up to Rs 1.5 Cr. at a time with minimal processing fee and at rates which vary according to tenure and funds required. Some of the benefits of Manappuram Gold Loans are
- Instant Cash
- Higher loan amounts, depending on purity, net weight of the gold.
- Multiple schemes; there’s one just right for your needs.
- Different schemes for different needs, to suit all income groups.