Manappuram Finance Gold Loan Interest Rate: Slab Pricing, Decoded

Manappuram Finance prices gold loans across an indicative 9.9%–26% band — and the single biggest lever is how much of your gold's value you draw: lower LTV, lower rate. Per ₹1 lakh borrowed, the monthly interest runs from ₹825 at the floor to ₹2,167 at the top slab.

Everything here is indicative, published for comparison — BankCreds lends nothing; verify live rates, charges and eligibility with the lender before acting.

The Manappuram Finance slab logic: lower LTV → lower rate

Gold-loan pricing is margin pricing: draw less against your ornaments and Manappuram Finance's cushion widens — a courtesy returned as basis points down the ladder below.

You draw (of value)Indicative rate*Monthly / ₹1 lakh
Up to ~55–60%9.9%₹825
~60–70%18%₹1,500
Max (75% cap)26%₹2,167

*Indicative framing of Manappuram Finance's 9.9%–26% band; actual scheme boundaries vary. Verify at branch — the KFS binds.

Run your ticket down the table: ₹2 lakh at the 18% middle rung costs ₹3,000 monthly, ₹10 lakh costs ₹15,000 — and shifting one rung down saves ₹6,750 a month on the bigger pledge. LTV appetite is the negotiation.

Drawn@9.9%/mo@18%/mo@26%/mo
₹2 lakh ₹1,650 ₹3,000 ₹4,334
₹5 lakh ₹4,125 ₹7,500 ₹10,835
₹10 lakh ₹8,250 ₹15,000 ₹21,670

The ladder against neighbours

LenderFloorCeilingMonthly/₹1L at floor
Manappuram Finance9.9%26%₹825
CSB Bank 9.7% 13% ₹808
Axis Bank 9.5% 17% ₹792
Bajaj Finance 9.5% 26% ₹792

The table's honest lesson: gold-loan pricing is a menu, not a market rate. Interrogate Manappuram Finance's scheme board with your LTV appetite stated, then compare like-for-like slabs.

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Manappuram Finance gold loan — FAQs

Why does Manappuram Finance charge different gold-loan rates on different schemes?
Same gold, different draw: Manappuram Finance's cheaper schemes simply lend a smaller share of appraised value, and the extra buffer flows back as basis points. That's the whole spread from 9.9% to 26% — LTV appetite, priced honestly.
What does a Manappuram Finance gold loan cost per month per ₹1 lakh?
Per lakh per month at Manappuram Finance: ₹825 on the floor slab, ₹1,500 mid-board, ₹2,167 at the ceiling. A ₹3 lakh pledge therefore meters between ₹2,475 and ₹6,501 monthly — scheme choice is that gap.
Are Manappuram Finance's advertised gold-loan rates guaranteed?
No — the 9.9%–26% band is indicative; your rate depends on scheme, ticket, tenure and (at some lenders) punctual-payment conditions. The Key Fact Statement handed to you before acceptance states the binding rate and APR; that document outranks every rate board and this page.
Can I move my gold loan from Manappuram Finance to a cheaper lender later?
Freely — nothing locks a gold pledge to Manappuram Finance beyond the dues: clear, release, re-pledge cheaper the same day (branches see the move weekly and some offer takeover flows). Budget the second round of appraisal and stamp charges, and make the switch when the saving is measured in percentage points.
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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.