Manappuram Finance Home Loan
Manappuram Finance, an NBFC founded in 1949 and headquartered in Thrissur, offers a home loan at an interest rate of 12% to 22.08%, for loan amounts of ₹5,00,000 to ₹50,00,000 and a maximum tenure of 240 months. It covers two sub-products, Home Construction and Home Purchase, with a maximum loan-to-value of 80%. Required documentation includes KYC, bank statements, property documents, and income documents. Rate type, processing fee, prepayment penalty, minimum tenure, minimum CIBIL score, age, salary, and employment type are not published for this product.
Documents required
- KYC
- bank statements
- property docs
- income docs
As published by Manappuram Finance. Your branch may ask for more.
Eligibility
The upper age limit is set so the loan closes by retirement.
Loan terms
- max LTV 80%
- sub-products = Home Construction + Home Purchase
Fees & charges
Tax: principal up to ₹1.5L under 80C and interest up to ₹2L under 24(b) per year for a self-occupied home (subject to conditions). Confirm with a tax adviser.
FAQ
Most home loans are floating (EBLR/repo-linked). Floating-rate loans to individuals carry no foreclosure charge, so you can prepay freely — usually the better choice unless you specifically need rate certainty.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.