Manappuram gold loan calculator
Manappuram Finance's base rate is 24% a year. The lower rate in each range applies only if you pay the interest each month (a rebate). The lender adds the interest to the loan each month (compound interest). Thus, 24% is 26.82% a year if you do not pay the interest. 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.
Manappuram gold loan interest rates
| Scheme | Loan | 3 months | 6 months | 9 months | 12 months |
|---|---|---|---|---|---|
| SL | ₹10,000 to ₹99,999 | 16% – 24% | 15% – 24% | 14.75% – 24% | 14.5% – 24% |
| TMA 0 | ₹50,000 to ₹99,999 | 19% – 24% | 18% – 24% | 17.75% – 24% | 17.5% – 24% |
| TMA1 | ₹1,00,000 to ₹1,99,999 | 17% – 24% | 16% – 24% | 15.75% – 24% | 15.5% – 24% |
| TMA1A | ₹1,50,000 to ₹1,99,999 | 17.25% – 24% | 16.25% – 24% | 16% – 24% | 15.75% – 24% |
| TMA2 | ₹2,00,000 to ₹3,00,000 | 16% – 24% | 15% – 24% | 14.75% – 24% | 14.5% – 24% |
| TMA3 | ₹3,00,000 to ₹4,00,000 | 15.75% – 24% | 14.75% – 24% | 14.5% – 24% | 14.25% – 24% |
| TMA3A | ₹4,00,000 to ₹4,99,999 | 15.5% – 24% | 14.5% – 24% | 14.25% – 24% | 14% – 24% |
| TMA4 | ₹5,00,000 to ₹25,00,000 | 12% – 24% | 12% – 24% | 11.75% – 24% | 11.5% – 24% |
| TMA5 | ₹10,00,000 to ₹25,00,000 | 12% – 24% | 12% – 24% | 11.75% – 24% | 11.5% – 24% |
| TMA6 | ₹25,00,000 to ₹49,99,999 | 9.9% – 24% | 9.9% – 24% | 9.9% – 24% | 9.9% – 24% |
| Y | ₹50,00,000 and more | 9.9% – 18% | 9.9% – 18% | 9.9% – 18% | 9.9% – 18% |
| MT+1 (takeover) | ₹2,00,000 to ₹4,99,999 | 13% – 24% | 12% – 24% | 12% – 24% | 12% – 24% |
| MT+2 (takeover) | ₹1,00,000 to ₹4,99,999 | 14.5% – 24% | 13.5% – 24% | 13.5% – 24% | 13.5% – 24% |
| MT+3 (takeover) | ₹50,000 to ₹4,99,999 | 15.5% – 24% | 15% – 24% | 15% – 24% | 15% – 24% |
| MT+5 (takeover) | ₹5,00,000 to ₹49,99,999 | 9.9% – 24% | 9.9% – 24% | 9.9% – 24% | 9.9% – 24% |
| SA+ 1 | ₹1,95,000 to ₹19,99,999 | 12.5% – 24% | 11.5% – 24% | 11.5% – 24% | 11.5% – 24% |
| DS | ₹10,000 to ₹75,000 | 13% – 24% | 12% – 24% | 12% – 24% | 12% – 24% |
The lower number applies only if you pay the interest each month. Manappuram: "Annualised Rate of interest for 12 month scheme is 26.82%".
EMI and other schemes
| Scheme | Rate |
|---|---|
| EMI-S | 15.75% – 19.85% |
| EMI-M | 15.50% – 18.75% |
| EMI-L | 11.35% – 13.65% |
| EII-1 (₹50,000 to ₹2.5 lakh) | 18% – 22% |
| EII-2 (₹2.5 lakh to ₹5 lakh) | 17.25% – 20% |
| EII-3 (₹5 lakh to ₹2 crore) | 13.75% – 15.75% |
Example. ₹2 lakh for 12 months on TMA2: if you pay the interest each month at 14.5%, the interest is approximately ₹29,000. If you do not pay it each month, the rate is 24% with compound interest each month: approximately ₹53,648 (26.82% a year).
Charges
- Processing fee: ₹30 with tax (scheme page); the rate page shows ₹25 plus tax
- Prepayment or foreclosure: The Manappuram scheme page does not give a prepayment charge. Penal charges are 2% a year after the end of the loan tenure.
- Loan limits: Most schemes ₹10,000 and more. Branch heads can give approval for up to ₹25 lakh.
- MT+ schemes are for takeover loans: loans that you move from a bank, NBFC or local lender. Other charges on the rate page: insurance ₹25, printing ₹6, post ₹30.
Manappuram 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) |
|---|---|---|---|---|
| 24 karat | ₹14,149 | ₹12,027 | ₹11,319 | ₹10,612 |
| 22 karat | ₹12,970 | ₹11,024 | ₹10,376 | ₹9,728 |
| 18 karat | ₹10,612 | ₹9,020 | ₹8,489 | ₹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.
Manappuram 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 Manappuram gold loan interest rate?
Manappuram Finance's base rate is 24% a year. The lower rate in each range applies only if you pay the interest each month (a rebate). The lender adds the interest to the loan each month (compound interest). Thus, 24% is 26.82% a year if you do not pay the interest. The lowest rate on the Manappuram Finance page is 9.9% a year.
Why is the Manappuram rate 24% if the lowest rate is 9.9%?
The base rate is 24% a year. The lower rate is a rebate that you get only if you pay the interest on time (each month for the lowest rate). If you do not, the base rate applies. Also, the lender adds the interest to the loan each month (compound interest).
How much gold loan can I get per gram from Manappuram?
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).
Can I close a Manappuram gold loan early?
Manappuram's scheme page does not give a prepayment charge. Penal charges are 2% a year after the loan tenure.
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
- Manappuram Finance: gold loan operational schemes and rates (2026). Read on 27 Oct 2026.
- Manappuram Finance: gold loan interest rates (Sep 2026 base rate 24%). 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.