My brother-in-law had recently taken out a personal loan from Manappuram Finance Limited. His loan was approved pretty quickly and this got me curious. To know more about the loan, I called him and asked about the Manappuram personal loan interest rate and other details. Here is what he told me.
What is the Manappuram Finance Personal Loan Interest Rate?
I have added all the information that my brother in law provided in a table below.
Particulars |
Rates and Charges |
Interest Rate |
12% onwards |
Processing Fee |
Up to 2% + GST |
Maximum Loan Amount |
Rs. 5 Lakh |
Maximum Loan Period |
5 Years |
Penal Charges |
1.5% per month |
Minimum Income |
Rs. 20,000 |
After this, he told me about the documents that I needed to provide to avail of the loan, which are
PAN card and OVD’s (Officially Valid Documents)
Last 3 months Salary Slips
Last 6 months' bank statement
He also told me that to apply for the process, I just need to visit the
Official Manappuram Website, locate the Apply online tab, and click on it. According to him, the whole process is paperless, and I don’t need to visit any of their branches. I hope this helps.
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What is Manappuram Personal Loan Interest Rate?
Monica
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1 Year
2024-07-31T22:56:05+00:00 2024-07-31T22:56:06+00:00Comment
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