Here are a few factors

Product Rating

( 5 /5 )

Total - 1 ratings

Location 50Km from Branch
CIBIL Score 650+
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
TAT Sanction-2 Days 
Disbursement-2 Days
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 Salary>20K
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
USP 1. Cash Rental Income Can be Considered
2. Cash Salary also 
Additional LIP Program for Funding


Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %14 %
Tenure (months)12
Emi (monthly)8,979
Total Interest7,745
Loan Amount + Interest107,745
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
23,7113,22626,93776,28923.71 %
Oct7,8121,1678,97992,1887.81 %
Nov7,9031,0768,97984,28515.72 %
Dec7,9969838,97976,28923.71 %
76,2914,52080,8110100.00 %
Jan8,0898908,97968,20031.80 %
Feb8,1837968,97960,01739.98 %
Mar8,2797008,97951,73848.26 %
Apr8,3756048,97943,36356.64 %
May8,4735068,97934,89065.11 %
Jun8,5724078,97926,31873.68 %
Jul8,6723078,97917,64682.35 %
Aug8,7732068,9798,87391.13 %
Sep8,8751048,9790100.00 %
Right Document : Easy Process

Required Documents to Apply for MANAPPURAM FINANCE LIMITED

Salaried Person

  • 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

Self Employed

  • 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


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.

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.

Leave Your Question


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.