Manappuram Home Loan

Last Updated : May 18, 2017, 5:57 p.m.

About Manappuram Home Finance Home Loan

The company was founded in 1949 by late V.C.Padmanabhan in Thrissur District. The company commenced its operations at Valapad, mainly with money lending activity on a very modest scale. The company was also the first NBFC from Kerala to issue bonus shares in the ratio of 1:1 in 2007 and then, repeat the feat twice, in 2010 and in 2011 (making it three such instances in five years). Moreover, in 2007, Manappuram Finance Ltd became the first Kerala based NBFC to receive foreign Investment from FIIs, and also get the highest short term credit rating of A1+ from ICRA. Manappuram Finance has now ushered itself into the housing segment by providing home loans to individuals in order to support their long drawn wish of getting possession of their ‘own’ homes.

Keeping in view the objectives of Individuals, Manappuram Finance offers home loan for the following purposes:

1. For Purchasing a new house
2. For Constructing a new house on an acquired plot
3. For doing expansion(incremental upgrade) in their existing house
4. For making improvement & Renovation of their existing house.

Manappuram Home Loan Eligibility Criteria

Manappuram Home Loan EMI Calculator

Home loan decisions are very critical. They are usually based on estimated Equated Monthly Installments(EMI’s) payable on your housing loan each year. In order to know the best approximation for this financial decision, use a Home loan calculator .

By using EMI calculator, you will be able to know about approximate figures for the total payments due along with a break-up of the Home Loan repayment process. The calculations made is based on the loan tenure as well as the interest rates that are applicable on the same.

Moreover, you can also derive an accurate result about the ratio of the principal amount to the interest due, subject to the effect of the Home Loan tenure and interest rates.

For example: You are interested in obtaining a loan amount of ₹20 lakhs for purchasing a 1-bhk plot on suburbs of Sonipat. The tenure of your home loan is 20 years at an interest rate being 10.50% p.a.The following table provides you details on your calculated EMI along with interest and the total amount that costs you against the sanctioned amount for a home loan.

Documentation for Manappuram Home Loan

Features and Benefits of Manappuram Home Loan

• Easy documentation
• Reasonable Interest Rates
• Quick and hassle-free disbursement of loans
• Expert legal and technical advise for assisting customers in making the right decision
• Tax Benefits under the Income Tax Act, 1961

Manappuram Home Finance Branches

Manappuram has 3700+branches across 28 states of India. For any queries regarding the processing of a home loan, interest rates or having any grievances, call an experienced customer care official on 800-420-22-33(Toll-free number) or drop an email at the email address mentioned on the website.

Some of the branch addresses have been listed below. For searching your nearest branch in your state, go through the branch locator given on the website.