Manappuram Gold Loan OGL Lite

Manappuram Finance Limited

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About this app

“It's easy, fast and robust gold loan app. The 1-step Online Gold Loan feature in Manappuram OGL Lite app provides fastest and delightful experience for gold loan customers. Checkout the latest app and don't forget to share your feedback rating on the Play Store. Available in English, Tamil, Malayalam, Kannada, Telugu and Hindi. With Manappuram OGL Lite App Customers Can Manage, Repledge and make Payments towards their gold inventory.

The Manappuram OGL app lets you avail a gold loan anytime, anywhere, even from the comfort of your home. Now you can pay interest, check account statements, or locate the nearest Manappuram Finance branch conveniently with this easy-to-use mobile app. Make it your trusted companion for all your financial needs. Go Digital the easy way, with Manappuram Finance.

Additionally, Manappuram OGL Lite allows users to check their eligibility for various Manappuram products. Manappuram Finance Limited a leading Non-Banking Financial Company (NBFC) in India under the able stewardship of Shri. V.P. Nandakumar, MD & CEO of the Company.”

Product details:
1. Gold Loan amount ranges from ₹ 1000 to as per requirement/eligibility
2. Loan duration: 90 days to 365 days
3. Annual Gold Loan Interest rates (APR, Min to Max): 9.90% - 24%
4. Processing fee of Rs. 10/- for all schemes at the time of settlement.
5. Additional processing fee on Repledge at 0.007% of new pledge value.
6. Individual maximum exposure limit: 25 Lakhs. Requires separate approval for additional exposure.

Note: We do not provide any pay-day loans or loans with less than 61-day repayment period in accordance with Google Policy.

Representative Example:
If the loan amount is ₹1000 and a customer selects DS scheme with interest rate 12% per annum; & if the customer pays only the interest every 30 days for the next 180 days, then the overall calculated interest payable would be ₹59.17 only. A processing fee maybe charged & it would be Rs.10 for all schemes at the time of settlement. So, Total cost of the loan would be (Principal + Interest + Processing Fee): ₹1069.17. The customers get the convenience to pay the principal balance anytime within 180 days tenure.

These numbers are indicative and subject to change according to the gold loan rate per gram. The final interest rate of the loan amount may vary from one customer to other depending on his chosen interest repayment pattern.

Gold Loans Operational Schemes - https://www.manappuram.com/gold-loan/operational-schemes.html
Products - https://www.manappuram.com/products.html
FAQ - https://www.manappuram.com/gold-loan/help-gold-loan.html
Gold Loan Enquiries - https://www.manappuram.com/gold-loan.html

Registered NBFC name :
Manappuram Finance Limited, IV / 470 (old) W638A (New), Manappuram House, Valapad,Thrissur Kerala, India, Pin code : 680567 CIN:L65910KL1992PLC006623 1800-420-22-33 (toll free) [e-mail]

Ratings and reviews

The old application was very good and easy to use. This new lite application has so many glitches and doesn't look user friendly. I already have updated Pan card although it gives an error of updating pan card while clicking for repledge.

Despite having an updated KYC and of course your gold with them these guys will ensure that you feel like pre independence era that you have to travel to the branch each time you need some financial help. Remember you're paying the interest and repledging sincerely already! Pathetic customer and app support, don't rely on ogl when you really need some help 😢

Very disappointed... Facing issue one time registration. It's not accepting the OTP everytime, showing something wrong. What the hell is this? All time its required update kyc or form 60. After submission, again it's demanding same process.

What's new

Bug fixes and performance improvements