Maben Nidhi Ltd.

MABEN Nidhi Ltd.: Your Trusted Partner in Gold Loans and Financial Services

Welcome to MABEN Nidhi Ltd., a leading Nidhi Company in India, offering reliable financial solutions. Established June 2012 (formerly Manappuram Benefit Fund Limited) and promoted by Shri. V.P. Nandakumar, MD & CEO of Manappuram Finance Limited, we operate as a public limited company registered under Section 620A of the Companies Act, 1956, and recognized as a Nidhi Company by the Government of India.

Incorporated December 20, 1993, we've grown to operate 66 branches across Kerala, providing exceptional services. We are the first and only Nidhi Company in Kerala with NDH-4 approval from the Ministry of Corporate Affairs, underscoring our commitment to compliance and operational excellence.

Our Core Objectives & Services:

Our primary mission is to promote thrift and saving habits among members through secure financial products.

1. Savings and Deposit Schemes:

Recurring Deposits: Cultivate systematic savings.
Fixed Deposits: Grow wealth securely with attractive rates.
Savings Deposits: Easy access to funds while earning interest.
Other Tailored Schemes: Custom products for unique financial needs.
Benefit: These schemes offer financial security. As per legal provisions, we provide loans exclusively to members against these deposits.

2. Gold Loan Services:
Access quick, hassle-free gold loans with MABEN Nidhi Ltd.

Quick & Easy Process: Visit any of our 66 branches with jewelry, ID, and address proof for instant loans. No lengthy paperwork.
High Loan-to-Value (LTV): Get maximum value for your pledged gold.
Secure Storage: Your pledged jewelry is stored in highly secure vaults, ensuring peace of mind.
Transparent Practices: Clear transactions, no hidden charges.
Customer-Centric Approach: Dedicated, qualified managers ensure exceptional service and effective risk management.
Why Choose MABEN Nidhi Ltd.?

Rich Legacy & Trust: Decades of expertise in finance, synonymous with reliability.
Regulatory Compliance: Only Nidhi Company in Kerala with NDH-4 approval, ensuring safe investments.
Wide Reach: 66 branches offer easy accessibility and personalized service.
Tailored Financial Solutions: Diverse products to meet varied financial needs.
How We Stand Out:

Streamlined & Centralized Systems: Efficient service delivery and quick processing.
Transparent Processes: Building unwavering trust with members through clear transactions.
Maximizing Member Value: Our dedication to member financial well-being is paramount.
Become a member of MABEN Nidhi Ltd. today for a secure financial future. Whether you need a gold loan, a reliable deposit scheme, or expert financial assistance, we are here to serve you with integrity and excellence. Visit one of our 66 branches in Kerala and experience the MABEN Nidhi advantage!

Key Disclosures (Mandatory for Financial Apps):

Minimum Repayment Period: 1 Day
Maximum Repayment Period: 365 Days
Maximum Annual Percentage Rate (APR): 20% (Includes interest rate, processing fees, and all other applicable costs over a year.)
Representative Example of the Total Cost of the Loan:

To illustrate a typical gold loan cost:

Loan Amount: ₹10,000
Repayment Period: 12 Months (365 Days)
Interest Rate: 20% per annum
Processing Fee: ₹100 (plus applicable taxes)
Calculation:

Total Interest: ₹2,000 (₹10,000 * 20%)
Total Repayment Amount: ₹12,100 (Principal ₹10,000 + Interest ₹2,000 + Processing Fee ₹100)
Note: Penal charges, if any, will be clearly outlined in your loan agreement and applied only after the due date as per the specific loan scheme terms.