Manappuram Personal Loan

# Manappuram Pre Approved Digital Personal Loan

Get an pre-approved personal Loan up to ₹2 Lakh with the Manappuram Personal Loan app, Our Annual Percentage Rate (APR) varies from 18% to 33%* and you can choose a wide range of repayment options starting from 24 to 36 months with the processing fee of ₹3%

#Personal Loan Feature & Benefits

> Loan Amount - Up to ₹2Lakh

> Interest Rate - Starting from 18% - 30% p.a

> EMI Options - 24 to 36 Months

> 100% digital process

> Instant money transfer in your bank account

> No security deposits

#How to apply for an Instant Loan?

> MAFIL customers, who are eligible for a personal loan based on their credit history with the bureau, will get a Manappuram pre-approved personal loan through the mobile app.

> Enter the applicant details, those who registered with MAFIL.

> Instant cash is credited to applicant's bank account registered with MAFIL

#Example on How Manappuram Personal Loan Works

Loan Amount - ₹50,000

Tenure - 24months

Interest Rate - 20% (on reducing principal balance interest calculation)

EMI - ₹2547/-

Total Interest Payable - ₹2547 x 24 months - ₹50,000 Principal = ₹11128/-

Processing Fees (inclusive) GST) - ₹1770/-

Disbursed Amount - ₹50,000 - ₹1770 = ₹48,230

Total Amount Payable - ₹2547 x 24 months = ₹61128/-

Total Cost of the Loan = Interest Amount + Processing Fees = ₹11128 + ₹1770 = ₹12898/-

# About Manappuram Personal Loan App

Manappuram personal loan app is developed by Manappuram Comptech and Consultants Limited& Owned by Manappuram Finance Limited with an objective of simplifying finance and make life easy for a million people.

Manappuram Finance Limited, established in 1949, is one of India's leading gold loans NBFCs and also provides personal loans. Emerged as a leading Non-Banking Financial Company (NBFC) in India under the supervision of Shri V.P. Nandakumar, MD and CEO of the company.