Introduction

Manappuram’s Small Scale Industrial Finance dept offer loans to micro and small-scale industries. Expand your business dreams with manappuram business loans.

You can get a business Loan from Rs. 50,000 to Rs 15,00,000(Fifteen lakh) with minimal documentation and speedy approval from Manappuram Finance Limited.

MSME Sector property Loan

Eligible entities

Features of Product

Loan up to 5 lakhs.
Loan within 48 hours
Low processing fee - 1%
Diminishing interest rate - 18% to 22%
Tenor - 12 Months to 60 Months
Flexible EMI
Minimum documentation
Doorstep service available
Loan insurance facility available

Eligible Entities

Individuals under below Categories -All industries coming under MSME sector,State /Central Government Permanent Employees,Salaried Individuals working with Private Sector entities.

Loan eligibility parameters

Self Employed: Minimum 1 years’ vintage in the current business. Proof of business vintage to be documented.
Private Sector:  Overall experience Minimum 1 years
Govt. staff: - Overall experience Minimum 6 months
Employees working on contract basis: - Should be working with the same employer for at least 1 years

Secured Business loan

Secured Business loan

Features of Product

  • Loan up to 15 lakhs.
  • Loan within 48 hours
  • Low processing fee.
  • Diminishing interest rate - 16% to 22%
  • Tenor - 12 Months to 84 Months
  • Flexible EMI
  • Eligible entities – all manufacturing and small-scale industries
  • Minimum documentation
  • Processing charges : 2%
  • Doorstep service available
  • Loan insurance facility available
  • Minimum 6 months and above business stability required

Documents Required

  • 6 Month above business Stability Proof
  • Current year shop license
  • Latest 1 year bank statement
  • Current year land tax receipt/EC
  • Cheque leafs
  • Original property documents and EC
  • Business income bills/Manual income assessment

Unsecured Business loan

Unsecured Business loan

Features of Product

  • Loan sanction within 24 hours
  • Loan up to 3 lakhs.
  • Diminishing interest rate - 20% to 26%
  • Tenor - 12 Months to 36 Months
  • Flexible EMI
  • Eligible entities – all manufacturing and small-scale industries
  • Minimum documentation
  • Processing charges : 2%
  • Doorstep service available
  • Loan insurance facility available
  • Minimum 6 months and above business stability required

Documents Required

  • 6 Month above business Stability Proof
  • Current year shop license
  • Latest 1 year bank statement
  • Current year land tax receipt/EC
  • Cheque leafs
  • Business income bills/Manual income assessment

Machinery Hypothecation loan

Machinery Hypothecation loan

Features of Product

  • Loan lending for purchasing new machinery/loan against exiting machinery
  • Minimum 1 year and above business stability required
  • New Machinery - 80% value of machinery lending to vendor/ borrower account.
  • Existing Machinery – 50% Machinery value
  • Loan up to 5 lakhs
  • Low interest rates and flexible EMI facility
  • Diminishing interest rate - 19 % to 24%
  • Processing charges : 2%
  • Insurance facility available

Documents Required

  • 1 Year above business Stability Proof
  • Current year shop license
  • 6 Month bank statement
  • Current year land tax receipt/EC
  • Cheque leafs
  • Quotation / Proforma invoice of machinery / equipment from the dealers / vendors
  • Copy of stamped receipt towards advance payment by borrower to dealer / proof for customer contribution.
  • Copy of purchase bill of machinery/equipment already acquired / owned by the units

Repayment

EMI based, NACH, Post-dated Cheques, Online Payment and also through all the gold loan branches of Manappuram Finance Limited.

Penal charges will be charged @1.5% per month on overdue amount for actual days of due

​NACH Cancellation

Contact Officials

PostStateOfficial Contact Number
Branch ManagerAndhra Pradesh8714633180
Branch ManagerKarnataka8714633193
Sales HeadKarnataka8714633195
Business HeadKerala8714633179
Branch ManagerTamil Nadu8714633187
Sales HeadTamil Nadu9567073315

Leads Sending Mail id : ssif [email protected] 

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