Manappuram Finance Ltd NCD (Manappuram Finance NCD Sept 2014) Detail

Manappurm Finance Ltd is one of the leading listed NBFCs lending money against the pledge of household and/or used gold jewellery (�Gold Loans�) and the second largest Gold Loan provider in India. They provides short-term personal and business Gold Loans primarily to retail customers who require immediate availability of funds, but who do not have access to formal credit on an immediate basis. Company have a network of 3,293 branches in 26 states and union territories of India, including 2,299 branches in the southern states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.

They are headquartered in the southern Indian state of Kerala. Company's group commenced operations at Valapad, Thrissur, Kerala and has decades of established history in the money lending business, mainly in small-scale money lending against household and/or used gold jewellery. Company has been in the Gold Loan financing business since 1999. They have also provided other related services, including asset finance, money transfer and foreign exchange, sales of gold coins and business and personal lending. They focus on rapid, on-the-spot approval and disbursement of loans with minimal procedural formalities customers to complete. They have developed various Gold Loan schemes including Gold Loan C1, Gold Loan D1, Gold Loan D2, which offer variable terms in relation to the amount advanced per gram of gold, the interest rate and the amount of the loan, to meet the different needs of various customers.