Organisation : Manappuram Finance Limited
Contest Name : Manappuram PowerPlay Quiz Whizz Contest 2021
Applicable For : New Customers
Contest Last Date : 20th May 2021
Website : https://www.manappuram.com/campaign/mpq/
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Manappuram PowerPlay Quiz
Manappuram PowerPlay Quiz Whizz 2021 Special Exclusive Offers for New Customers!
Who Can Participate?
Participants can be existing or new customers. They should have a minimum pledge value of Rs.5000/- in the campaign period. They can pledge on any day in the campaign period to become eligible.
How to Participate?
All you have to do is enter the quiz and answer to your best. Winners will get a 100% interest waiver* on Gol0d Loan!
The duration of the contest is from 20th April to 20th May 2021
Terms & Conditions
** A full waiver on interest of 1 month upto Rs 3000/- while pledging the Gold loan during the campaign period.
** Employees of Manappuram Finance Limited are excluded from entering the Contest.
** Manappuram Finance Limited reserves the right to change the terms and conditions of this contest, including extending, withdrawing or discontinuing the same without notice, without assigning any reason, at its sole discretion without any liability.
** The decision and all judging rights of this contest will be final and binding solely to the authority of Manappuram Finance Limited.
How Does Online Gold Loan Work?
1. Safelock your Gold ornaments at your nearest Manappuram Finance branch
2. Register for Online Gold Loan Service and link your savings bank account
3. Get the loan amount credited to your bank account anytime using our mobile app or website
Gold Loans Operational Schemes
Customers ! Please avail special rebate immediately on regular payment of interest on the loan on certain schemes only.
Rebate in Gold loan Scheme :
a. For regular monthly interest paying customers, the initial interest rate will be continued during the loan tenure.
b. OGL registered customers will get attractive interest rate rebate by repledging via online mode in BL/PL/SX schemes based on the repledge frequency as follows
i. 4 repledges in every 15 days from the inventory created date – Effective Interest Rate of 12% p.a (BL-9.9%)
ii. 3 repledges in every 15 days from the inventory created date – 4% interest Rebate
iii. 2 repledges in every 15 days from the inventory created date – 2% interest Rebate
iv. 2 repledge in every 30 days from the inventory created date (1st repledge in 1-15 days & next repledge in 16-30 days) – 1.5 % interest Rebate
v. 1 repledge in every 30 days from the inventory created date – 1% interest Rebate
i. Overdue interest is chargeable at 3% p.a. after loan tenure.
ii. Compounding in all Schemes at monthly rest.
iii. Processing fee of Rs. 10/- for all schemes at the time of settlement. Additional processing fee on Repledge at 0.07% of new pledge value.
iv. B4+ scheme is available only for high value loans of Rs. 1 crore and above.
v. Individual maximum exposure limit : 25 Lakhs. Requires separate approval for additional exposure.
vi. PL Scheme is available in all Kerala branches.
vii. Branches in Mumbai, Mumbai City, Pune, Lucknow, Kanpur Dehat, Kanpur Nagar, Kolkata, Bhopal, Indore, Cuttack & Khordha districts in northern states are considered as Tier1 branches.