Here are a few factors
|Location||50Km from Branch|
|Loan Amount & Tenure||1
Lac to 10 Lac
(12 month to 60 month)
|Loan to Value(LTV)||Upto 90% of Ex-Showroom Value|
|Type of Funded Vehicle||New Car & Commercial Car|
|Rate of Interest & Type||14% to 18% (Fixed)|
|Processing Fees||Upto 2% of Loan amount|
|Foreclosure Charges||5% after 6 month|
|Applicant||Any Salaried or Self Employed Person|
|Applicant Age||21 Year-65 Year|
|Applicant Minimum Income||1. Salaried having monthly net
2. Self Employed Person having ITR>2.50 Lac
|Business Vintage for Self Employed Applicant||2 Year|
|Minimum Job Experience for Salaried Applicant||1 Year|
|Whether Co-Applicant Mandatory||No|
|Part Payment Allowed||Yes, after 6 month|
|Product||1. Banking Product
2. Cash Income Product
3. ITR Product
4. Income Program
|Negative Profile||Advocates, Share Traders, GYM|
Cash Rental Income Can be Considered
2. Cash Salary also Considered
|Additional||LIP Program for Funding|
MANAPPURAM FINANCE LIMITED EMI Calculator
|Interest %||14 %|
|Emi (monthly)||₹ 8,979|
|Total Interest||₹ 7,745|
|Loan Amount + Interest||₹ 107,745|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( A + B)
|Total Payment||Loan Paid Till Date (%)|
|₹ 23,711||₹ 3,226||₹ 26,937||₹ 76,289||23.71 %|
|₹ 76,291||₹ 4,520||₹ 80,811||₹ 0||100.00 %|
Required Documents to Apply for MANAPPURAM FINANCE LIMITED
KYC of applicant
Last 3 Month Salary Slip
Last 12 month Bank Statement of applicant
Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
26AS of last 2 year of applicant
Quotation of Car
Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
Latest utility Bill if owned residence or rent agreement if rented
KYC of applicant & Co-Applicant
KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
Copy of Last 12 month GST return if applicable
Quotation of Car
Sanction letter of all running loan
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
About MANAPPURAM FINANCE LIMITED New Car Loan
A car is more than just a means of transportation; it is an expression of your aspirations, accessibility, and accomplishments. That is why Manappuram Finance Limited is introducing its car loan, which has been tailored to put you in the driver's seat of your desired car quickly and easily.
Manappuram Finance Limited has grown into a valued financial partner for people from all walks of life across India because of a history of trust, customer focus, and financial skills. They offer a financing solution that brings together affordable interest rates, rapid approvals, and personalized care to make your car-buying experience pleasant and stress-free.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
the rate of interest offered by manappuram finance limited is very low, just 6.99%.
they require a civil score of between 500-650 points
Go to the EMI payment page on Paytm and select manappuram finance limited as a lender there, and pay your interest amount through Paytm.
Yes, you can review your entire car loan EMI status on their website.
Manappuram Finance Ltd. provides fast digital loans with enticing interest rates beginning at 12% per year.
Typically, you will be required to put down an initial payment of 10% of the car's value. Some lenders and financial institutions provide financing for vehicles up to 90% of the sticker price.
Customers are advised to borrow no more than 20% of what they make each month for auto loans. If your monthly salary is Rs 40,000, for instance, your auto loan EMI shouldn't amount to more than Rs 8,000.
Most financial companies need customers to have a GOOD CIBIL score of at least 750 or higher to be eligible to offer vehicle loans.
Documents needed for applications for auto loans without income verification Self-employed candidates must include copies of their income tax returns and business incorporation certificates.