Manappuram Finance launches Gold loan service at doorstep

Deepthi | Myequity news | Date : 19-12-2018 17:25:00 IST

Manappuram Finance Ltd, one of India’s leading Non-Banking Financial Companies (NBFC), has launched a new door-step service for gold loans in Chennai.

Launched initially in Bangalore as a pilot project at 5 branches, the service has now been extended to 100 branches in the city, with one branch providing the doorstep service 24×7. These services are also available at 107 branches in Chennai.
Customers who wish to avail the service are required to place a call on a designated mobile number (9539762222 for Bangalore and 9072602222 for Chennai). Two employees of the company carrying proper identification will then make a visit to the customer’s residence to appraise the gold and disburse the loan on the spot through NEFT or IMPS. There is no option for cash disbursement. The doorstep service relieves customers of the security risks of travelling long distances while carrying gold and they can avail gold loan from the comfort of their home or office.

About Manappuram Finance Ltd:

Manappuram Finance Ltd is a non-banking financial company (NBFC) situated in Valapad, Thrissur, Kerala state. Manappuram has over 3200+ branches across 25 states, a staff strength of over 15,000+ people. Manappuram Finance Limited has also ventured into the Foreign Exchange business with the Reserve Bank of India having granted an Authorised Dealer - II licence to the Company which permits it to effect outward remittances for a variety of purposes such as overseas medical treatment, higher education abroad, business travel, conferences etc. The Company has also commenced Instant Money Transfer in collaboration with UAE Xchange, Wallstreet and MoneyGram.

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