Compare Gold Loan Interest Rates

Best Gold loan with low interest rates provider

Gold Loan Interest Rates Comparison in India

Bank Gold Loan Interest Rates Processing Fee Max Tenure
SBI Gold Loan 10.55% 0.50% of the loan amount subject to a minimum of Rs. 500 36 months
Muthoot Gold Loan 12.00% 0.25% to 1% of loan amount. 36 months
Manappuram Gold Loan 9.90% Rs. 10 (to be paid at time of settlement) 12 months
HDFC Bank 11.50% 1.5% 24 months
IIFL 12.00% Nil 11 months
Yes Bank 10.75% 0.75% to 1% 36 months
ICICI Bank 10.00% 1% of the loan amount 12 months
Federal Bank 11.75% Nil 12 months
Canara Bank 12.00% 1% of the loan amount, min Rs. 1,000 and max Rs. 5,000 per loan 12 months
Andhra Bank 10.70% Nil processing fees 12 months
Axis Bank 10.49% 0.25% - 1% of loan amount 24 months
IndusInd Bank 11.15% Upto 1% of loan amount subject to a minimum of Rs. 750. 12 months
PNB 10.05% upfront fees of 0.70% of loan amount + taxes 12 months

Gold Loan Interest Rate Calculator

Interest rates are charged on the borrowed loan amount for the loan tenure. Lowest interest rate on gold loan is 10.50%. Interest rate to get loan against gold depends on multiple factors -

Key Features :

Loan amount : This is the amount borrowed by the borrower from a bank. Generally, interest rate are high for smaller loan amount and vice-versa.

Loan to Value Ratios : Banks charge higher interest on gold loan with high LTV ratio. Hence, higher the loan to value of jewellery, higher the interest rate and vice versa.

Relationship with the Bank : Banks offer lower rate of interest on jewel loan for their existing account holders with a quick turnaround.

Checklist for Gold Loan

  • Identity proof
  • Residence address and ownership proof
  • Photo identity proof
  • Passport size photograph

Documents Required

Identity Proof PAN Card/ Aadhar Card/ Voter’s ID Card/ Passport Copy
Address Proof Rent agreement/ Passport/ Driving License/ Utility Bills/ Aadhar Card/ Voter’s ID Card