IIFL Finance gold loan calculator
IIFL Finance gives gold loans at 0.81% a month and more (9.72% to 27% a year), by scheme. On its site, IIFL Finance does not show its scheme table. There is no charge to prepay or close the loan. But a gold maintenance charge of up to ₹5 a gram a month can apply. The calculator shows the highest loan for your gold, the rate that applies and the full cost. Verification date: 27 Oct 2026.
Value for each gram: the Canara Bank value for each gram of 22 karat gold for LTV, 26 Oct 2026. Change it to the value that your lender uses on the day of your loan.
IIFL Finance gold loan interest rates
| Scheme | Rate |
|---|---|
| All schemes | 9.72% – 27% a year (0.81% a month and more) |
Example. ₹2 lakh for 12 months at 11.88% (the example rate of IIFL), if you pay the interest each month: approximately ₹23,760 interest. A gold maintenance charge of up to ₹5 a gram a month on 30 grams is up to ₹2,124 a year with GST.
Charges
- Processing fee: Up to 2% of the loan + GST
- Prepayment or foreclosure: Part-payment: nil. Foreclosure: nil (minimum interest of 7 days if you close the loan in the first 7 days).
- Loan limits: Up to 75% of the gold value, from the IIFL page.
- Other charges: penal charges of 0.5% a month on payments that you did not make on time. MTM ₹500, auction ₹1,500, notice for a payment that is not on time ₹200, SMS ₹5 a quarter (plus GST if it applies).
IIFL Finance gold loan for each gram
Loan for each gram of gold, at ₹12,970 a gram for 22 karat (26 Oct 2026). The gold value changes each day. Use the calculator with the gold value on the day of your loan.
| Purity | Value a gram | 85% (≤ ₹2.5 lakh) | 80% (≤ ₹5 lakh) | 75% (above) | IIFL Finance (75%) |
|---|---|---|---|---|---|
| 24 karat | ₹14,149 | ₹12,027 | ₹11,319 | ₹10,612 | ₹10,612 |
| 22 karat | ₹12,970 | ₹11,024 | ₹10,376 | ₹9,728 | ₹9,728 |
| 18 karat | ₹10,612 | ₹9,020 | ₹8,489 | ₹7,959 | ₹7,959 |
The RBI limit
RBI sets the highest loan for a consumption gold loan. It is 85% of the gold value for a total loan of ₹2.5 lakh or less. It is 80% up to ₹5 lakh and 75% above ₹5 lakh (RBI (Commercial Banks – Credit Facilities) Directions, 2025, para 44). In a bullet loan, you repay all at the end. For this loan, the limit applies to the total that you repay, with interest, not only to the loan. A lender can give less than the RBI limit. The limits do not apply to a gold loan for a business.
IIFL Finance and other lenders
| Lender | Lowest rate | Highest / base | Processing fee | Prepay / close early |
|---|---|---|---|---|
| State Bank of India | 9.2% | 10.25% | 0.25% up to ₹2 lakh (min ₹250); 0.15% above ₹2 lakh (min ₹500); above ₹25 lakh 0.15% (₹3,750 to ₹7,500); till 31 Mar 2027 | Not given on SBI's gold loan page. Ask the branch. |
| Canara Bank | 9.35% | 9.35% | Swarna Loan, Overdraft and Monthly Interest: 0.30% (₹250 to ₹3,000). Swarna Express: 0.15% (₹125 to ₹1,500). Till 31 Mar 2027 | No prepayment penalty. You can close the loan at any time. |
| Muthoot Finance | 9% | 26% | Not on the scheme sheet | Muthoot Finance's scheme sheet does not give a prepayment charge. |
| Manappuram Finance | 9.9% | 24% | ₹30 including tax (scheme page); the rate page says ₹25 plus tax | Manappuram's scheme page does not give a prepayment charge. Penal charges are 2% a year after the loan tenure. |
| IIFL Finance | 9.72% | 27% | Up to 2% of the loan | Part-payment: nil. Foreclosure: nil (minimum 7 days' interest if closed within 7 days). |
All gold loan lenders compared →
Frequently asked questions
What is the IIFL Finance gold loan interest rate?
IIFL Finance gives gold loans at 0.81% a month and more (9.72% to 27% a year), by scheme. On its site, IIFL Finance does not show its scheme table. There is no charge to prepay or close the loan. But a gold maintenance charge of up to ₹5 a gram a month can apply. The lowest rate on the IIFL Finance page is 9.72% a year.
How much gold loan can I get per gram from IIFL Finance?
Gold of 22 karat has a value of ₹12,970 a gram. For this gold, the RBI limit is ₹11,024 a gram (loan up to ₹2.5 lakh), ₹10,376 (up to ₹5 lakh) and ₹9,728 (above). The IIFL page shows up to 75% (₹9,728 a gram).
Can I close a IIFL Finance gold loan early?
Part-payment: nil. Foreclosure: nil (minimum interest of 7 days if you close the loan in the first 7 days).
Is the RBI limit on the loan or on the total amount?
For a bullet gold loan, RBI applies the limit to the total sum that you repay at the end, with the interest. Thus, the loan that you get is less than 75–85% of the gold value.
Sources
- IIFL Finance: gold loan interest rates and charges (Aug 2026). Read on 27 Oct 2026.
- Canara Bank: value per gram of 22 karat gold (default value in the calculator).
- RBI (Commercial Banks – Credit Facilities) Directions, 2025, para 44: LTV limits.
Lenders frequently change these rates. We examine them each month. Your loan document and Key Facts Statement show the rate and charges that you pay.