Introduction

Manappuram’s Small Scale Industrial Finance dept offer loans to micro and small-scale industries. Expand your business dreams with manappuram business loans.

You can get a business Loan from Rs. 50,000 to Rs 15,00,000(Fifteen lakh) with minimal documentation and speedy approval from Manappuram Finance Limited.

Eligible entities

Eligible Entities

All Micro and Small-Scale Industries - Manufacturing and Service sector (Proprietorship, Partnership Firm, Private Limited Company)

Eligible Entities Examples

  • Workshops
  • Industrial units
  • Candle & Wax Product Making
  • Spices manufacturing
  • Fruit juice extraction, processing, and packaging
  • Incense Stick and Camphor Manufacturing
  • Pickles and Papad units
  • Soap Production
  • Bakery and Chocolates manufacturing units
  • Small toys manufacturing
  • Powerloom,Handloom and Handicrafts
  • Paper packaging
  • Leather product manufacturing
  • Beauty parlors
  • Carpenter/Furniture works
  • Bricks industry
  • Tailoring Units …etc

Purpose Of Loans

  • Working Capital Finance
  • Purchase of new Equipment / Machinery along with accessories and incidental expenses
  • Purchase of used Equipment / Machinery along with accessories and incidental expenses
  • Expansion of Business
  • Interior development
  • Shop Improvement works such as additional rooms, fitting of A/c, fixing of sign board, tiling and flooring, internal and external painting, renovation etc.
  • Purchase/takeover of existing business

Secured Business loan

Secured Business loan

Features of Product

  • Loan up to 15 lakhs.
  • Loan within 48 hours
  • Lowest Interest rate (16%Onwards*)
  • Tenor - 12 Months to 84 Months
  • Flexible EMI
  • Eligible entities – all manufacturing and small-scale industries
  • Minimum documentation
  • Low processing fee
  • Doorstep service available
  • Loan insurance facility available
  • Minimum 6 months and above business stability required

Documents Required

  • 6 Month above business Stability Proof
  • Current year shop license
  • Latest 1 year bank statement
  • Current year land tax receipt/EC
  • Cheque leafs
  • Original property documents and EC
  • Business income bills/Manual income assessment

Unsecured Business loan

Unsecured Business loan

Features of Product

  • Loan sanction within 24 hours
  • Loan up to 3 lakhs.
  • Tenor - 12 Months to 36 Months
  • Flexible EMI
  • Eligible entities – all manufacturing and small-scale industries
  • Minimum documentation
  • Low processing fee
  • Doorstep service available
  • Loan insurance facility available
  • Minimum 6 months and above business stability required

Documents Required

  • 6 Month above business Stability Proof
  • Current year shop license
  • Latest 1 year bank statement
  • Current year land tax receipt/EC
  • Cheque leafs
  • Business income bills/Manual income assessment

Machinery Hypothecation loan

Machinery Hypothecation loan

Features of Product

  • Loan lending for purchasing new machinery/loan against exiting machinery
  • Minimum 1 year and above business stability required
  • New Machinery - 80% value of machinery lending to vendor/ borrower account.
  • Existing Machinery – 50% Machinery value
  • Loan up to 5 lakhs
  • Low interest rates and flexible EMI facility
  • Insurance facility available

Documents Required

  • 1 Year above business Stability Proof
  • Current year shop license
  • 6 Month bank statement
  • Current year land tax receipt/EC
  • Cheque leafs
  • Quotation / Proforma invoice of machinery / equipment from the dealers / vendors
  • Copy of stamped receipt towards advance payment by borrower to dealer / proof for customer contribution.
  • Copy of purchase bill of machinery/equipment already acquired / owned by the units

Repayment

EMI based, NACH, Post-dated Cheques, Online Payment and also through all the gold loan branches of Manappuram Finance Limited.

Penal charges will be charged @1.5% per month on overdue amount for actual days of due

​NACH Cancellation

Contact Officials

PostStateOfficial Contact Number
Branch ManagerAndhra Pradesh8714633180
Branch ManagerKarnataka8714633193
Sales HeadKarnataka8714633195
Business HeadKerala8714633179
Branch ManagerTamil Nadu8714633187
Sales HeadTamil Nadu9567073315

Leads Sending Mail id : ssif head@manappuram.com 

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