Manappuram Personal Loan

Description

# 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.