Manappuram Agriculture Gold Loan Features and Benefits
Manappuram Agriculture Gold Loan Rate today | Gold Loan Rate Today is ₹ 72,800 to ₹ 78,350 |
Eligible Age | 18 to 75 years |
Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
Purity of Gold | 18 carat to 22 carat |
Type of Gold | Gold jewellery and gold coins of 18-24 carats |
Loan to Value | 75% of the gold ornament’s market value |
Manappuram offers Agriculture Gold Loan at interest rates starting from 7% per annum. The maximum amount an individual can borrow is Rs. 1.5 crores. The loan repayment tenure is from 15 months to a maximum of 36 months, which is 3 years.
Manappuram Bank Agriculture Gold loan calculator
- Net weight and purity of the gold: The banks are said to be using their in-house valuer to do a complete assessment of the purity and the total percentage and weight of gold in your jewellery. The gold used in the jewellery should be of purity of 18 to 24 carats if you want to avail of a loan. The bank also reduces the weight of gems and stones and only calculates the weight of the gold from that.
- The price of the gold: After the lender makes an approximation about the purity and the total weight of the gold in your jewellery. RBI has given out instructions to the banks to keep in hand the past 30 days average price o 22-carat gold adjusted for the purity of gold.
- Loan to value ratio: After the value of the jewellery has been calculated, the bank would apply an LTV of up to 75% to make a total calculation of your jewel loan amount eligibility.
Manappuram Agriculture Gold Loan Eligibility
There are certain requirements that are required to be fulfilled to avail a agriculture gold loan:
- The applicant should have attained at least 18 years of age
- The individual should have his own gold ornaments or articles that can be pledged
- The gold to be pledged should be 18 carats or above
- The applicant should have a decent CIBIL score
Bank | Interest Rate | Lowest EMI/lakh | Eligible loan amount |
HDFC Gold loan | 9.90% | Rs. 4614 | Rs 50 lakh for 24 months |
Private Bank | 10% | Rs. 8,792 | Rs. 15 lakh for 12 months |
Axis Bank | 15% | Rs. 4,849 | Rs. 20 lakh for 24 months |
Yes Bank | 11.25% | Rs. 3,286 | Rs. 50 lakh for 36 months |
Muthoot Gold loan | 12% | Rs. 3321 | Rs 1 cr. For 36 months |
Mannapuram Gold loan | 12% | Rs. 8,885 | Rs 1 cr. For 12 months |
Canara Bank | 7.65% | Rs. 8,683 | Rs. 10 lakh for 12 months |
IIFL | 9.24% | Rs. 9,516 | Rs. 10 lakh for 11 months |
IndusInd | 10.50% | Rs. 8,815 | Rs. 10 lakh for 12 months |
Andhra Bank | 10.70% | Rs. 8,824 | Rs. 2 crores for 12 months |
Federal Bank | 8.50% | Rs. 8,722 | Rs. 75 lakh for 12 months |
SBI Gold loan | 7.50% | Rs. 3111 | 20 lakh for 36 months |
Documents Required for Manappuram Agriculture Gold Loan
Photographs | 2 Passport-Sized photos, latest, coloured, clear, without spectacles |
Identity Proof | Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information |
Residence Proof | Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information Utility Bills on the name of the applicant. Sales Tax Certificate Rental Agreement |
Agricultural Land Proof | Required only if the Loan is taken for Agricultural Purpose. In the case of an Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes. |
Demand Promissory Note | Certificate by the Jewel Appraiser (Bank will arrange) |
Manappuram Agriculture Gold Loan Rate Per Gram by Gold Purity
The following table provides us with an approximate estimation of the gold loan per gram which Manappuram would be offering for gold jewellery with varying purity rates.
Gold Purity | Gold Rate Per Gram- Average Of Past 30 Days | Highest Gold Loan Per Gram | Lowest Gold Loan Per Gram |
22 carat | ₹ 4,620 | ₹ 4,999 | ₹ 4,956 |
20 carat | ₹ 3,939 | ₹ 4,178 | ₹ 3,795 |
18 carat | ₹ 3,545 | ₹ 3,784 | ₹ 3,460 |
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Manappuram Agriculture Gold Loan Interest Rates Per Gram
The following table gives us the Manappuram Gold Loan Rate Per Gram- Updated Apr 29 2025
Updated - Gold Loan Per Gram Rate w.e.f Apr 29 2025 |
||||
Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold Purity 18 Carat |
1 gram | 4621 | 4290 | 3900 | 3510 |
10 gram | 46210 | 42900 | 39000 | 35100 |
20 gram | 93600 | 85800 | 78000 | 70200 |
30 gram | 140400 | 128700 | 117000 | 105300 |
40 gram | 187200 | 171600 | 156000 | 140400 |
50 gram | 234000 | 214500 | 195000 | 175500 |
100 gram | 468000 | 429000 | 390000 | 351000 |
200 gram | 936000 | 858000 | 780000 | 702000 |
300 gram | 1404000 | 1287000 | 1170000 | 1053000 |
400 gram | 1872000 | 1716000 | 1560000 | 1404000 |
500 gram | 2340000 | 2145000 | 1950000 | 1755000 |
Historical Gold Loan Rates Per Gram
Indians are the world’s largest consumers of gold. They believe that investing in gold would be more helpful in the future, which is why it is this metal that occupies a significant amount of the imports in the country.
This Table Contains the Average Annual Gold Rate from 1965 - 2022 | |||
Year | Price (24 karat per 10 grams) | Year | Price (24 karat per 10 grams) |
2023 | ₹ 54,699 | 1994 | ₹ 4,598 |
2022 | ₹ 52,950 | 1993 | ₹ 4,140 |
2021 | ₹ 50,045 | 1992 | ₹ 4,334 |
2020 | ₹ 48,651 | 1991 | ₹ 3,466 |
2019 | ₹ 35,220 | 1990 | ₹ 3,200 |
2018 | ₹ 31,438 | 1989 | ₹ 3,140 |
2017 | ₹ 29,667 | 1988 | ₹ 3,130 |
2016 | ₹ 28,623 | 1987 | ₹ 2,570 |
2015 | ₹ 26,343 | 1986 | ₹ 2,140 |
2014 | ₹ 28,006 | 1985 | ₹ 2,130 |
2013 | ₹ 29,600 | 1984 | ₹ 1,970 |
2012 | ₹ 31,050 | 1983 | ₹ 1,800 |
2011 | ₹ 26,400 | 1982 | ₹ 1,645 |
2010 | ₹ 18,500 | 1981 | ₹ 1,800 |
2009 | ₹ 14,500 | 1980 | ₹ 1,330 |
2008 | ₹ 12,500 | 1979 | ₹ 937 |
2007 | ₹ 10,800 | 1978 | ₹ 685 |
2006 | ₹ 8,400 | 1977 | ₹ 486 |
2005 | ₹ 7,000 | 1976 | ₹ 432 |
2004 | ₹ 5,850 | 1975 | ₹ 540 |
2003 | ₹ 5,600 | 1974 | ₹ 506 |
2002 | ₹ 4,990 | 1973 | ₹ 279 |
2001 | ₹ 4,300 | 1972 | ₹ 202 |
2000 | ₹ 4,400 | 1971 | ₹ 193 |
1999 | ₹ 4,234 | 1970 | ₹ 184 |
1998 | ₹ 4,045 | 1969 | ₹ 176 |
1997 | ₹ 4,725 | 1968 | ₹ 162 |
1996 | ₹ 5,160 | 1967 | ₹ 103 |
1995 | ₹ 4,680 | 1966 | ₹ 84 |
1994 | ₹ 4,598 | 1965 | ₹ 72 |
Major Banks Agriculture Gold Loan Per Gram Rate Comparison
Feature |
HDFC Bank |
Private Bank |
Muthoot Finance |
Interest Rate |
9.90% |
10.50% |
12% |
Min Loan Amt |
Metro : 25000, Non : 15000 |
25000 |
15000 |
Max Loan Amt |
1 Cr |
1 Cr |
1 Cr |
Loan Tenure |
3 months to 24 months |
9 months to 24 months |
1 month to 24 months |
Processing Fee |
0.25% to 1.50% of the Loan Amt |
0.25% to 1.50% |
Nil |
Preclosure Chgs |
2%, Nil foreclosure charges after 3 months |
2%, Nil foreclosure charges after 9 months |
Nil |
Overdraft Facility |
Yes |
Yes |
Yes |
Pay Only Interest Facility |
Yes |
Yes |
Yes |
Gold Rate Per Gram |
2500 |
2600 |
2700* |
Tips to Get The Highest Agriculture Gold Loan Amount from Manappuram
GOLD LOAN @ 0.75%*
APPLY NOW
ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C own different amounts of gold with varying purity. Mr A has 70 gram of gold with a purity of 18 carats. Mr B has 60 gram of gold with a purity of 20 carats and Mr C has 50 grams of gold with purity or 22 carats. They approach Manappuram to avail of a gold loan. The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold and hence, will result in varying gold loan eligibility.