Gold Loan Interest Rates - Starting from 9.90% Per Annum*
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 October 2026 (base rate) start from 24%, making our offerings affordable and more manageable.
Lowest Interest Rate for Gold Loan at Manappuram
Manappuram Finance offers one of the lower gold loan interest rates in India, starting from 9.90% p.a.* Your final rate depends on factors like the loan scheme chosen, loan-to-value (LTV) ratio, disbursal amount, and repayment frequency. Opting for a scheme with prompt monthly repayments typically secures a low gold loan interest rate compared to bi-monthly or quarterly options. With gold rates at competitive levels, borrowers get a higher loan amount at a lower effective cost per gram, making now a favourable time to compare and get a low gold loan interest rate.
Gold Loan at Less Interest Rate - Why Gold Loans Cost Less
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, an LTV ratio of up to 85% for loans up to ₹2.5 lakh (80% for loans above ₹2.5 lakh and up to ₹5 lakh, and 75% for loans above ₹5 lakh for consumption loans, as per RBI norms), and flexible repayment options, we offer greater convenience and flexibility.
Gold Loan Rate of Interest - Scheme-wise (Oct 2026)
| Scheme Name | Minimum Loan Amount | Monthly* | Bimonthly* | Quarterly* | Base Interest Rate | Annualised Rate of Interest |
|---|---|---|---|---|---|---|
| MT + 5 | Min ₹5 Lakhs | 9.90% | 17.00% | 22.00% | 24.00% | 26.82% |
| SA + 1 | Min ₹1.95 Lakhs | 11.50% | 20.00% | 24.00% | 24.00% | 26.82% |
| DS | Min ₹10,000 | 12.00% | 20.00% | 24.00% | 24.00% | 26.82% |
Note: The rate shown in the table is the interest rate (p.a.) payable by the customer if the interest is paid on monthly / bi-monthly / quarterly basis. Learn more about the interest rates of our gold loan schemes to make an informed decision.
Factors to Consider When Comparing Gold Loan Interest Rates
When making a gold loan interest rate comparison, it is important to consider more than just the advertised interest rate. The applicable rate may vary depending on the loan scheme selected, loan amount, loan-to-value (LTV) ratio and repayment frequency. Manappuram Finance offers gold loan interest rates starting from 9.90% p.a.*, with flexible repayment schemes, including monthly, bi-monthly and quarterly options. Understanding these factors can help you choose a suitable gold loan scheme based on your financial needs and repayment preferences.
The gold loan interest rate applicable to a borrower depends on the selected loan scheme and the applicable terms and conditions. The interest payable is calculated on the outstanding loan amount for the applicable period. Borrowers should check the applicable interest rate, repayment terms and charges before selecting a Gold Loan scheme.
Estimate Your Interest with Our Calculator
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.
The total interest payable on a Gold Loan depends on the loan amount, applicable interest rate and the period for which the amount remains outstanding. Use the Gold Loan EMI Calculator to estimate the applicable interest and repayment amount based on your loan details.
How Gold Loan Interest is Calculated
- 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.
Gold Loan interest is calculated based on the applicable interest rate and the outstanding loan amount for the relevant period. The actual interest payable may vary depending on the selected scheme, repayment option and the period for which the loan remains outstanding. Refer to the applicable scheme terms for the interest rate and repayment conditions.
Types of Gold Loan Interest Rates
Gold Loan interest rates may be structured differently depending on the selected scheme and repayment arrangement. Before choosing a scheme, borrowers should review the applicable rate, repayment frequency, tenure and other terms to understand the total repayment obligation.
- Fixed Interest Rate: It stays the same throughout the loan tenure, hence you can plan your repayments with confidence.
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