There is a one-time processing fee of 3 to 6% of the loan amount (excluding taxes). The processing fee is deducted from your loan amount on disbursal. There are no recurring fees.

Manappuram's Digital Personal Loan comes with attractive interest rates starting from 12% p.a. There are no hidden charges.

It is a fixed interest rate product and, importantly, the interest is applied on the reducing balance.

Other charges such as late payment charges and Cheque/ACH dishonour charges are only applicable if the customer fails to pay their EMIs on time.

The Digital Personal Loan application process is designed to be completed within a few minutes on the go via your mobile phone. Once you complete the application process, the loan amount, after deducting the processing fee, insurance premium and applicable taxes will be credited to your linked bank account.

Applying for a Manappuram Digital Personal Loan is completely paperless. You only need to provide OVD, PAN, personal and nominee details.

The prepayment /part payment amount will be adjusted against future EMIs or adjusted against last EMI instalments. You can foreclose the loan at any time by paying foreclosure interest at the rate of 4% of the outstanding principal. (Applicable taxes are extra)

Payment of personal loan EMI can be made through the Mobile App by clicking on the instalment button. Please ensure that your bank account is sufficiently funded at least two days before the EMI due date. Customers can utilise one of the many available modes to make the payment, like Debit card, Net banking and UPI. Customer may also pay the instalment offline through our branches.

You can view and download the agreement by clicking on the Terms & Conditions hyperlink. Once you take the personal loan, you may download the repayment/loan schedule by clicking on the instalment schedule.

Please contact below telephone numbers/ email for help:
0487 3050 454, 0487 3050 308
1800 420 22 33 (24 hours)
email: [email protected] [email protected]

Customer Security Tips

Do's and Don'ts

Please do not share  KYC documents with unauthorised persons or on unverified/ unauthorized Apps

Report such Apps to the law enforcement agencies concerned or use RBI's Sachet portal (https://sachet.rbi.org.in/) to file an online complaint with RBI.

Mobile Security Precautions

Do’s

1. Password protect the mobile phone and never give your mobile phone to anyone.
2. Choose a strong password to keep your account and data safe.
3. Review your account statements frequently to check for any unauthorised transactions.
4. Change your PIN regularly.
5. Report a lost or stolen phone immediately to your service provider and law enforcement authorities.

Don’ts

1. Never give your PIN or confidential information to anyone over the phone or internet. Never share these details with anyone.
2. Don't click on links embedded in emails/social networking sites claiming to be from MAFIL or representing MAFIL.
3. Don't transfer funds without due validation of the recipient, as funds once transferred cannot be reversed.
4. Don't store sensitive information such as credit card details, mobile banking password and user ID in a separate folder on your phone.
5. Don't forget to inform MAFIL of changes in your mobile number to ensure that SMS notifications are not sent to someone else.
6. Never reveal or write down PINs or retain any email or paper communication from MAFIL with regard to the PIN or password
7. Be cautious while accepting offers such as caller tunes or dialer tunes or open/download emails or attachments from known or unknown sources
8. Be cautious while using Bluetooth in public places, as someone may access your confidential data/information

Secure Phone Banking

1. While talking to the Phone Banking officer, never disclose the following:
   • 4 digit ATM/IVR PIN
   • OTP
   • Net Banking password
   • CVV (Card Verification Value)
2. Ensure that no one sees you entering you PIN (personal identification number).
3. Avoid giving verification details to the Phone Banking officer while in public places.
4. The Phone Banking channel is meant to be used by the account holder only. Do not transfer the line or hand over the phone to any other person after you complete self-authentication.

Secure Computer Usage

1. Use licensed software. Software purchased from untrustworthy sources could have virus or trojans that could corrupt your files and reveal your confidential data.
2. Protect your computer accounts with strong passwords
3. Update your computer with latest security patches for your operating system, browser and email client.
4. Use anti-virus, anti-spyware and personal firewalls

Creating Safe and Secure Passwords – Do’s

1. Keep alphanumeric passwords that are at least 8 characters long. Mix upper and lowercase letters, and special characters like $, @, *, etc.
2. Be creative and think of a password that is really different as well as difficult to guess. You can use phrases in sentences such as "nature's wrath tsunami" to frame your passwords as they are easy to remember and difficult to crack.
3. Place punctuation or numbers randomly.

Don’ts

1. Don’t use dictionary-based words, your spouse’s name or your date of birth. These are easy to crack or guess.
2. Don’t use sequences of letters or numbers. E.g.: abcd1234. asdfg123 etc.
3. Do not keep the same passwords for multiple accounts. Once hackers have guessed one password, they’ll often try to see if it works on other accounts.
4. Do not write down your passwords.
5. Don’t use personal information like your name, date of birth, PAN number, etc.
6. Change your passwords once every three months.

Protecting Your Password

1. Memorize your PIN. Don’t write down your password or PIN anywhere especially not on your card.
2. Change your PIN/passwords at regular intervals.
3. If you suspect that someone knows your PIN/Password, change it immediately.
4. Don’t send your password or PIN to anyone via email or text message.
5. Don’t say your password or PIN aloud in public where other people can hear you.
6. Don’t have your browser remember your card/account password.

Secure Internet Browsing

1. Observe click discipline while browsing through different websites. You may land up clicking on to malicious link that could download malicious code / software or virus on to your computer.
2. Downloading software from non-trustworthy sites including torrent sites may lead to infecting your computer with virus.
3. Read privacy policy of the website before entering personal information such as name and email ID. Be aware of how your information would be used by the website owner.