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Manappuram Home Finance Home Loan Highlights |
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| Interest Rate | 13% p.a. onwards |
| Loan Amount | Rs 1 lakh- Rs 50 lakh |
| Tenure | Up to 20 years |
Rates as of 9th April 2024
Table of Contents
Manappuram Home Finance Home Loans Interest Rates
Manappuram Home Finance Home Loan interest rates start from 13% p.a. onwards. The lender has set its home loan interest rates depending on the customer profile, market competition offerings, credit bureau score, property type, etc.
Compare Interest Rates of Home Loans for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Types of Manappuram Home Finance Home Loans
Manappuram Housing Loan
Purpose: Manappuram Housing Finance offers Manappuram Home Loans to fulfil the housing finance requirements of its applicants.
Loan Amount: Rs 5 lakh- Rs 50 lakh
Tenure: Up to 20 years
Manappuram Home Improvement Loan
Purpose: Consumers can avail Manappuram Home Improvement Loan for renovating or making improvements in your existing home such as internal or external plastering and painting, home extension, borewell, fencing, modular kitchen, repair, etc.
Loan Amount: Rs 1 lakh- Rs 50 lakh
Tenure: Up to 20 years
Manappuram Home Loan Balance Transfer
Purpose: Existing home loan borrowers of other banks and HFCs can avail Manappuram home loan balance transfer facility for transferring their existing home loans to Manappuram Home Finance at lower interest rates.
Loan Amount: Rs 5 lakh- Rs 50 lakh
Tenure: Up to 20 years
Check Lenders Offering Home Loan at Attractive Interest Rates Click Here
Manappuram Home Finance Eligibility Criteria
Salaried employees, self-employed professionals, self-employed non-professionals and customers belonging to other income categories are eligible for availing home loans from Manappuram Home Finance. While the lender has not disclosed the eligibility criteria for its home loan applicants in detail, it may also consider the credit score, age and monthly income of its applicants while evaluating their home loan eligibility.
Manappuram Home Finance Home Loan EMI Calculator
Applicants can use Manappuram Home Loan EMI Calculator given on the official website of Manappuram Home Finance. Alternatively, they can use the home loan EMI calculator given below to calculate the EMIs and total interest cost payable throughout the tenure.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs on Manappuram Home Loan
1. What are the prepayment/foreclosure charges charged by Manappuram home loan?
Ans. Manappuram Finance offers prepayment/foreclosure facility to its home loan applicants. However, it has not specified the prepayment charges levied on the home loan applicants.
2. How to apply for Manappuram home loan online?
Ans. Prospective home loan applicants can apply for Manappuram home loan online through the official website of Manappuram Finance. Applicants should also visit financial marketplaces like Paisabazaar.com to compare the interest rates offered by various lenders.
3. What is the minimum credit score required to avail Manappuram home loan?
Ans. Manappuram Finance has not disclosed the minimum credit score required to avail Manappuram home loan. However, applicants having a minimum credit score of 700 and above have higher chances of availing home loans. Some lenders also offer home loans to applicants having lower credit scores but at higher interest rates.
4. What is the toll-free number for Manappuram home loan?
Ans. The toll free number for Manappuram home loan is 1800-420-22-33. The borrowers can also email at mail@manappuram.com for any queries.
5. Is it mandatory to have co-applicants for Manappuram home loan?
Ans. Manappuram Finance has not mentioned the requirement of co-applicant for availing its home loan. However, all the co-owners of the property should necessarily be the co-applicant for any home loan and most lenders usually allow immediate family members like spouse, parents, etc. to be the co-applicant(s) of home loan.
6. How do I repay my Manappuram home loan?
Ans. You can repay your Manappuram home loan through NACH, post-dated cheques, EMIs, online payment and also through the gold loan branches of Manappuram Finance Limited.