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When a person needs urgent cash, the first thing that comes up to the person’s mind is borrowing money from family and friends. There can be a time when the person cannot find anyone who could help in times of need. The person may also think to sell the gold assets as gold prices are very high. The person can easily acquire big cash through this but, the person has to lose the precious assets. The Gold Loan is a deal that helps the person in making money without having to sell the gold assets. The person can get money by placing gold as collateral. Today there are lots of finance companies that offer gold loan to the people at affordable rates. Manappuram Finance is the biggest gold loan provider in India. Its main activity is to provide money to the people by keeping gold assets as security. The Manappuram Gold Loan scheme is highly popular all over the country. The main reason behind its popularity is the lower interest rates. Manappuram offers various schemes that help the person in making a good choice. Features of Manappuram Gold Loan: 1. It is the fastest way to make cash as the loan gets disbursed in just 5 minutes. 2. It requires minimal documentation. The person has to provide only Identity Proof, Address Proof, Application Form and two passport size photographs of the person. 3. One can avail up to one Crore. 4. It offers the lowest interest rates on a loan against gold. The interest rates start from 1% per month. 5. The applicant has to pay only interest in the period of the loan. The rest of the amount is to be paid at the end of the tenure. 6. It offers various schemes on gold loan and the person can choose the best suitable option. 7. There are no restrictions on the salary structure of the applicant. The person who earns nothing can also apply for a loan against gold. 8. There are no hidden charges. 9. There is no restriction on purpose or intention to Apply For Gold Loan. The applicant is free to use the gold for any purpose according to the requirement. 10. There is no need of a co-signer to avail this loan. 11. The gold property pledged by the person is kept with the firm until the applicant pays the whole loan amount. 12. The applicant can close the loan at any time whenever he/she has the full amount. The lender may not charge any penalty to pay the loan before the completion of the term.
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