Gold Loan Rate of Interest (September 2025)
Need quick access to funds? Choose Manappuram Gold Loan, a trusted solution for hassle-free financial support. Benefit from our competitive gold loan rates and flexible repayment options for a seamless borrowing experience. Moreover, use our intuitive and customer-friendly online tool, the gold loan calculator, and choose a plan that suits your financial needs. Our gold loan interest rates for September 2025 (base rate) start from 21.67%, making our offerings affordable and more manageable.
Lower Gold Loan Interest Rates
Manappuram Gold Loan offers one of the lower gold loan rates in the market without unnecessary financial burden. With perks like greater disbursal amounts of up to ₹1.5 crores or even higher in some cases, a higher Loan-to-Value (LTV) ratio of up to 75%, and flexible repayment options, we offer greater convenience and flexibility.
Interest Rates for Gold Loan
| Scheme Name | LTV | Loan Limit | Monthly Prompt | Bimonthly Prompt | Quarterly Prompt | Base Interest Rate | Annualised Rate of Interest |
|---|---|---|---|---|---|---|---|
| MT + 5 | 75% | Min ₹5 Lakhs | 9.90% | 21.67% | 21.67% | 21.67% | 23.96% |
| SA + 1 | 60% | Min ₹1.95 Lakhs | 11.50% | 21.67% | 21.67% | 21.67% | 23.96% |
| DS | 50% | Max ₹75,000 | 12.00% | 20.00% | 21.67% | 21.67% | 23.96% |
Note: Learn more about the interest rates of our gold loan schemes to make an informed decision.
Calculate Gold Loan Interest Rate
Gold loan interest rate calculation is influenced by several factors. These include:
- Current gold rate: A high gold rate can increase your collateral value. This leads to a lower gold loan rate.
- Gold purity and weight: Higher gold purity and weight increase the loan amount, resulting in relatively lower interest rates.
- LTV: A higher LTV ratio means you can borrow more money against the gold’s value. Since it increases the lender’s risk, it may lead to higher interest rates.
Calculating gold loan rates or amounts can be tedious. Use our Gold Loan Calculator to check your estimated loan amount and interest payable with ease.
Mode of Calculation
- Gold loan interest rate is quoted as a yearly/annual rate.
- Interest is calculated daily on your outstanding loan balance based on your applicable interest rate.
- Interest will be calculated on the basis of 365 days a year.
- The interest rate stays fixed until you close your loan account.
Types of Gold Loan Interest Rates
- Fixed Interest Rate: It stays the same throughout the loan tenure, hence you can plan your repayments with confidence.
- Floating or Variable Interest Rate: This type of gold loan rate fluctuates with market changes.
Choosing between fixed vs. variable rates can significantly impact your overall cost. Hence, consider your financial situation and risk tolerance before deciding.
Additional Charges
- Processing Charge: The gold loan charge is ₹25 plus tax.
- Insurance Charges: The current charge is ₹25 (including tax).
- Printing & Stationery Charges: A nominal fee of ₹6 is applicable.
- Postage Charges: The postage charge for each instance is ₹30.
Note: Learn more about additional gold loan fees.
Documentation Required to Apply for a Gold Loan
- Identity proof: Aadhaar, driving licence, PAN card, voter ID, passport, etc.
- Residential proof
- Bank passbook: Required for gold loans above a certain limit.
Why Choose a Gold Loan from Manappuram?
- Generous Loan Amount: Get loans of up to or even above ₹1.5 cr, depending on your requirements.
- Competitive Interest Rate: Enjoy interest rates as low as 9.90% per annum*.
- Flexible Repayment: Flexible bullet payments as per customer convenience.
- Transparency: Our website clearly outlines all charges so you know what to expect.
- Dedicated Support: Our team is always here to guide you through every step.
- Safety: The collateral is stored securely in a safe, with insurance coverage and electronic surveillance for added protection.
Factors Affecting Gold Loan Interest Rate
- Disbursal Amount: Larger loans may offer lower interest rates.
- LTV Ratio: Higher LTV may lead to higher rates.
- Gold Purity: 22K gold may fetch better interest rates.
- Loan Tenure: Longer tenure may result in higher interest rates.
Apply for a Gold Loan Now at the Best Gold Loan Interest Rates