Short answer: ICICI Bank’s gold loans start at ₹2 lakh (₹3 lakh for new customers in metros) and averaged 10.96% last quarter, with up to 2% fees. Manappuram lends from ₹10,000, publishes its rates (9.90% to 24%) and charges only ₹30, with no foreclosure fee.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
ICICI Bank Gold Loan vs Manappuram Finance at a glance
| ICICI Bank Gold Loan | Manappuram Finance | |
|---|---|---|
| Type | Private sector bank | RBI-registered NBFC (gold loan specialist) |
| Loan amount | From ₹2 lakh (₹3 lakh for new customers in metros) to ₹2 to ₹3 crore (pages differ) | From ₹10,000 to ₹5 crore |
| Interest rate | 9% to 16% a year charged in Apr to Jun 2026 (average 10.96%) | 9.90% to 24% a year by scheme and how often you pay interest; annualised 26.82% |
| Loan-to-value (LTV) | Not stated as a % | 85% up to ₹2.5 lakh; 80% for ₹2.5 to 5 lakh; 75% above |
| Processing fee and charges | Up to 2% + taxes; valuation ₹500 up to ₹3 lakh | ₹30 including tax, one-time at settlement |
| Tenure | 6 to 12 months | Up to 12 months |
| Repayment options | Flexible (not specified) | Interest monthly, every two months or quarterly, principal at the end; day-wise interest |
| Gold accepted | Not stated | 18 to 22 carat (one FAQ says up to 24) |
| Closing early | 2% within 30 days, 1% within 90, 0.5% within 180, nil after 180 days | No foreclosure fee |
| Branches | ICICI Bank branches | 5,000+ branches |
| Online and doorstep | Online lead form; gold valued at the branch | Online gold loan 24×7 |
| Also worth knowing | No income proof needed; Higher minimum loan than NBFCs | Rate depends on how often you pay interest; No CIBIL requirement; free insurance on pledged gold |
RBI limits apply to every regulated lender: from April 2026, a gold loan for personal use can be at most 85% of the gold’s value up to ₹2.5 lakh, 80% from ₹2.5 lakh to ₹5 lakh and 75% above, with interest due at maturity counted for bullet loans. Lenders can lend less. Check how much your gold can raise with our gold loan calculator.
What a ₹3 lakh gold loan for 12 months would cost
We costed the same loan on each lender’s published rates, assuming you pay interest every month and repay the principal at the end. Paying interest less often, or compounding, raises the cost.
| Lender | Scenario | Rate a year | Interest for the year | Fees | Total cost |
|---|---|---|---|---|---|
| ICICI Bank Gold Loan | Low end, max fee (₹3 lakh loan) | 9% | ₹27,000 | ₹7,670 | ₹34,670 |
| ICICI Bank Gold Loan | Average rate last quarter | 10.96% | ₹32,880 | ₹7,670 | ₹40,550 |
| Manappuram Finance | Lowest scheme rate, interest paid monthly | 9.9% | ₹29,700 | ₹30 | ₹29,730 |
| Manappuram Finance | Same scheme, interest paid quarterly | 22% | ₹66,000 | ₹30 | ₹66,030 |
| Manappuram Finance | Annualised rate | 26.82% | ₹80,460 | ₹30 | ₹80,490 |
Key differences
- Smallest loan: ICICI Bank ₹2 to ₹3 lakh; Manappuram ₹10,000.
- Fee: ICICI Bank up to 2% + valuation; Manappuram ₹30.
- Closing early: ICICI Bank up to 2% in the first 180 days; Manappuram nil.
- Rate: ICICI Bank 9% to 16% (average 10.96%); Manappuram 9.90% to 24%.
Which should you choose?
ICICI Bank Gold Loan may suit you if you need a large loan (₹3 lakh or more) and can keep it for over six months.
Manappuram Finance may suit you if you need a smaller loan, want low fees, or may close early.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Ask for the rate for your exact scheme and how often you must pay interest. Paying monthly is usually cheapest.
- Read the Key Fact Statement (KFS): it must show the APR, every charge and the total you will repay.
- Check the weight and purity recorded on your pledge receipt, and keep it safe.
- Know the auction rules: RBI requires notice before any auction, and the lender must return any surplus.
- Use our gold loan calculator to see the most you can borrow under RBI limits.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
What is the minimum gold loan at ICICI Bank?
Its rates page says ₹3 lakh for new-to-bank customers in metros and ₹2 lakh elsewhere.
Why compare at ₹3 lakh?
Because ICICI Bank does not lend below ₹2 lakh. At ₹3 lakh, RBI’s limit is 80% of the gold’s value.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- ICICI Bank gold loan
- ICICI Bank gold loan rates
- Manappuram gold loan
- Manappuram gold loan interest rates
- Manappuram charges
Read more: Manappuram Finance lender profile · Gold loan rates of 10 lenders · Gold loan calculator · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.