OGL, or Online Gold Loan, is a new product launched by Manappuram Finance Limited. With OGL, you can obtain a gold loan anytime, from any place. The loan amount is instantly credited to the your savings bank account registered with us. The loan is disbursed on the basis of the value of Gold already pledged at a branch.

When the OGL facility is used, an Online Gold Loan account is created in our books, and the loan amount is credited instantly to your saving bank account registered with us.

Through OGL only one loan can be disbursed at a time. However, the customer can take a new loan at any point of time after closing the old loan account. There are no restrictions on taking a new loan after closing the old loan. For example, a customer with an existing loan who desires to obtain a loan of higher amount within his overall eligibility, will be permitted the same. In this case, the system will close the existing loan account from the proceeds of the new loan of the higher amount and the difference will be credited to the customer’s bank account. In this way, each customer will have only one live loan account.

Yes, customer will get a document called OGL PAWN TICKET which displays complete information about loan amount, rate of interest, duration of loan, due date and other terms and conditions along with photographs of the customer and gold ornaments. This document is generated at the time of confirmation of transaction through mail. Besides, the customer can, at any point of time, download this document through the customer eService portal.

The OGL pawn ticket is a legal document which contains all the terms and conditions of the loan. The same is considered to be digitally signed by the customer who has keyed in the One-time Password (OTP) sent to the registered mobile number. The OTP is generated at the time of confirmation of OGL transaction after the customer has logged in through the customer`s User ID and Password. The OGL pawn ticket also records the date and time of the transaction, and the IP number of the system through which the customer has transacted. This document is required for releasing the Gold from the branch after settlement of all dues.

There is no limit. The customer can avail Gold loan based on the gold deposited at his branch. He can choose a Gold loan scheme available at the branch where the Gold is deposited. Each loan scheme will have its own limits, rate of interest rate, period of the loan etc. In other words, the Loan limit will depend on the scheme selected by the customer when availing the OGL. However, there is a company wide exposure limit for loans to individuals based on the loan policy approved by the Board of the company.

OGL is disbursed 24X7 using the Immediate Payment Service (IMPS) introduced by National Payment Corporation of India (NPCI). Manappuram provides this service through tie-up with leading Banks.

The customer needs to produce the following documents for registering his bank account:
a. Copy of cancelled cheque
b. Copy of bank pass book (along with original for verification purpose)

A customer can change or modify his bank account by submitting an application (application form available in branch) at the branch with the documents mentioned below:
a. Original ID proof
b. Bank pass book or cancelled cheque leaf of bank account which is need to update

No, the loan will be disbursed without any fresh documentation. However, for registration in OGL, one-time signature on a document of terms and conditions of the OGL is required.

Gold loan transaction in OGL product will be authenticated by the customer by entering OTP (One-time Password) sent to the customer’s registered mobile number. The OTP is generated at the time of initiation of transaction through OGL module. The customer logs in to OGL module using his User ID and Password.

No, existing customers have to complete the process for accessing the OGL module within the Customer Online Portal

a. One-time registration (Life time agreement) has to be done by the Customer
b. Post registration,Customer will deposit the gold at the branch.

No, the customer need not deposit additional gold for availing OGL; instead, he can settle the existing live account and take a new loan under OGL. For this purpose, the customer can also use the re-pledge facility.

No limits. The only requirement is that the customer should settle the existing account at the branch or through the online channel before taking a new loan through OGL.

Through the Customer Online Portal, eligible customers can opt for online gold loan (OGL) disbursement, i.e. avail a fresh gold loan where the loan amount is immediately transferred to his bank account.
The other services on offer are:
a. Make payments to gold loan account(s) through Debit Card/Net Banking , QR Code &UPI
b. View statement of account of gold loan
c. Download the OGL Pawn Ticket
d. Download OGL One-time Registration form

All existing customers get access to Customer eService portal by entering their user ID and Password.

Customer can use any of the following three—mobile number, email ID or Customer ID—as his User ID. A password is generated through the customer portal by entering the following details:
a. Customer ID
b. Mobile Number (as given to the branch at the time of creation of customer record)
c. Email ID

Customer ID is a system generated unique identification number issued to customers at the branch when they avail a gold loan for the first time. The Customer ID is recorded on the pawn ticket issued to customers by the branch at the time of availing the Gold Loan.

The customer can retrieve (or change) his password anytime through the “Forgot Password” option within the Customer Online Portal.

Customer can settle the gold loan by accessing the Manappuram customer portal through his User ID and password. After entering User ID and password, the system will give complete information about the Gold Loan accounts. By selecting the appropriate loan account, the customer can remit the settlement amount through the following options:
a. Debit Card
b. Net Banking
c. UPI
d. QR Code

No. Credit card is not allowed for online payments under OGL.

a. It is a formality to be completed merely once in the life time of the customer.
b. When exercising this option, the customer’s KYC, Bank Details and mobile Number are verified again.
c. We also take an agreement from the customer in the way banks take their customer’s signature for availing net banking facility.

At the time of OGL One-time Registration, IT system sends out a One-time Password to the mobile number furnished by the customer. This One-time Password has to be entered into the system to complete the process of registration. Accordingly, a valid mobile number is necessary for One-time Registration.

Customer can change or modify his mobile Number by submitting an application to the branch.

For Online Gold loan, Customer authentication is done through One-time Password generated by the IT system at the time of confirmation of Gold loan transaction. If, at the time of registration, mobile number furnished is that of friend/ relative, the OGL One-time Password will be sent to that mobile number only.

a. Visit any Manappuram Gold Loan branch
b. Become a Manappuram Customer
c. One-time registration (Life time agreement to be executed by the Customer).
d. Post registration, the customer has to avail a normal (i.e. offline mode) gold loan once.

Anyone who comes to our branch with a valid Proof of Address (POA) and Proof of Identity (POI) can become a Manappuram Customer.

The following are the documents eligible for POA & POI
Proof of Identity (POI)
Passport
PAN Card
Voter ID card
Driving license
UIDAI card (Aadhaar)
Bank Pass Book issued by public sector banks having photograph of the customer

Proof of Address (POA)
Passport
Voter ID card
Driving license
UIDAI card (Aadhaar)
Bank Pass Book issued by public sector banks having photograph of the customer
Telephone bill
Electricity bill
Water bill
Bank account / Credit card statement
Municipal / Local/ House tax bill / receipt
Authentic rent receipt / lease document
Letter from reputed employer, public authority
LPG connection receipt issued by a distributor of public sector oil companies (IOC, BPCL, HPL).
Registered letter cover with customer as addressee (but customer should not be the sender)
Cheque book leaf which contains the full address.
Pass Book issued by Post Office.
Proof of address issued by Post Office.
Motor vehicles registration book / certificate.
Insurance premium receipt.
Certificate of residence issued by Government / Local authorities.

Yes, OGL customer will get OGL related services through branches also.

a. Customer has to pay the settlement amount either online or at the branch.
b. Thereafter, customer has to produce the latest OGL Pawn Ticket at the branch.
c. On getting back the gold, customer has to acknowledge the receipt.

Yes, customers can compute the interest for a given period on particular schemes through Interest calculation Tool available within the OGL module.

Yes, Customer is given all information about terms and conditions relating to the various schemes offered as part of OGL.

Registered Bank details of customer will be displayed to the Customer at the start as well as end of OGL process.