Manappuram Finance Koduvally
Manappuram Finance Limited – Gold Loan, Koduvally Branch
Manappuram Finance Limited is a household name in India’s financial landscape, particularly known for pioneering the organized gold loan sector. The Koduvally branch, situated in the heart of the Kozhikode district, serves as a vital financial hub for residents of Koduvally, Thamarassery, and surrounding areas.
Business Directory Listing
| Feature | Details |
| Business Name | Manappuram Finance Limited – Gold Loan |
| Branch Location | Koduvally, Kozhikode |
| Address | 1st Floor, Farooke Arcade, No. 3/675-677, Market Road, opp. MPC, Koduvally, Kozhikode, Kerala 673572 |
| Phone Number | 080 4492 8095 |
| Working Hours | Monday – Saturday: 08:30 AM – 05:30 PM (Sunday Closed) |
| Primary Category | Non-Banking Financial Company (NBFC) |
| Services Offered | Gold Loans, Microfinance, Vehicle Loans, Foreign Exchange |
| Official Website |
Comprehensive Guide: Why Choose Manappuram Finance in Koduvally?
Koduvally is renowned as the “City of Gold” in Kerala, making it a competitive market for gold-backed credit. Manappuram Finance distinguishes itself through a blend of heritage—dating back to 1949—and modern digital solutions.
1. Instant Disbursal and Minimal Paperwork
One of the primary reasons locals choose the Koduvally branch is the speed of service. Unlike traditional bank loans that may take days for processing, a gold loan here can be sanctioned in as little as 5 to 10 minutes. The documentation required is minimal:
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ID Proof: Aadhaar Card, Voter ID, Passport, or Driving License.
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Address Proof: Utility bills or any of the above ID documents.
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Collateral: Your gold ornaments (18k to 24k).
2. Gold Loan Schemes and Interest Rates (2026)
As of early 2026, Manappuram Finance offers a variety of schemes tailored to different repayment capacities. While the base interest rate starts around 21% p.a., specific prompt-repayment schemes can offer effectively lower rates.
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LTV (Loan to Value): You can avail up to 75% of the current market value of your gold.
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Interest Calculation: Calculated on a daily basis, meaning you only pay for the exact number of days you use the funds.
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Repayment Flexibility: Options include monthly interest payments or bullet payments at the end of the tenure.
3. Safety and Security
At the Farooke Arcade branch, security is a top priority. Pledged gold is stored in high-security vaults equipped with electronic surveillance and is fully insured. This provides peace of mind to borrowers, knowing their family heirlooms are safer than they might be at home.
4. Digital Integration: Online Gold Loan (OGL)
For the tech-savvy residents of Kozhikode, Manappuram offers the Online Gold Loan (OGL) facility. Once you have initially pledged your gold at the Koduvally branch, you can draw additional funds or make repayments anytime via the Manappuram mobile app, making it a 24/7 credit line.
Frequently Asked Questions (FAQs)
What is the minimum amount I can borrow?
You can avail of a gold loan starting from as low as ₹1,000, making it accessible for even small emergency expenses.
Do I need a high CIBIL score?
No. Since the loan is secured against gold, your credit history or CIBIL score is generally not a primary factor for eligibility.
Is there a penalty for early closure?
No, Manappuram Finance typically does not charge foreclosure fees, allowing you to settle your loan whenever you have the funds.
Finding the Branch
The branch is conveniently located on Market Road, directly opposite the MPC (Medical Post-Graduate Centre) in Koduvally. It is easily accessible via public transport from the Thamarassery-Kozhikode main road.
How to Apply
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Visit: Walk into the Farooke Arcade branch with your gold and ID.
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Valuation: The staff will evaluate the purity and weight of your gold.
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Approval: Based on the current gold rate, a loan amount is proposed.
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Disbursal: Upon your approval, cash is handed over or credited to your bank account immediately.