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

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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