Interest rates for the top 10 gold loan providers in India in 2025: banks and NBFCs

The Indian people have a very special place in their hearts for gold. It is very valuable not just financially but also culturally. The only commodity that has traditionally been able to withstand the pressures of inflation in our nation is gold. Owners have historically used gold to obtain quick financial loans during emergencies since it is regarded as a great store of value. In the past, loans secured by gold jewelry and coins were solely made by pawnbrokers and jewelers. However, they once charged outrageous interest rates, which made it hard for the borrower to pay back the loan and receive their gold back.

Comprehending Indian Loans Against Gold

loan secured by Gold is a sort of secured loan where the borrower pledges to the financial institution his or her gold coins, jewelry, or bullion as security. In exchange, the lender provides a gold loan with competitive interest rates that are easy to apply for and convenient. The loan amount is determined by the gold’s current market worth after a sufficient buffer has been maintained to guard against changes in market prices.

You should be mindful of the following key characteristics of a gold loan:

  • Financial institutions offer Gold Loans with an LTV ratio of up to 75%.
  • Application and disbursal process is completed within a few hours.
  • The lenders require no credit history or credit checks.
  • Multiple repayment options are available to borrowers.
  • Safekeeping of the gold is the responsibility of the lender.
  • Interest rates for Gold Loan are lower than Personal Loans and Credit Cards.
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These are the best 10 gold loan companies/banks to employ if you have gold coins and jewelry lying around and you need money right away.

1. Muthoot Finance

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Muthoot Finance is one of the largest Gold Loan companies in India. With a wide network of 4,265 branches across 21 states and four union territories, it is well known for its reputation in the industry. When it comes to Gold Financing, it is the most trusted name. Customers can get a loan of up to Rs. 5 crore sanctioned within 5 minutes against jewellery. The loan process here is hassle-free with minimum documentation. Interest rate starts from 11.99% with a maximum repayment tenure of 36 months, which can be extended with mutual agreement.

  • Interest Rate: 11.9% p.a. onwards
  • Lowest EMI: ₹3,321 per lakh
  • Loan Amount: ₹1,500 (minimum); No upper limit
  • Loan Tenure: 7 days to 36 months
  • Collateral: Gold items (18K to 22K purity) up to 50g
  • Processing Fee: 0.25% to 1% of the loan amount
  • High value retention:  Scheme is valid in South India branches for loans of 10 lakh to 5 Cr.

2. Manappuram Finance

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Presently, Manappuram Gold is a well-known brand in the finance sector, with 3,200 branches across the country. It is renowned for processing loans quickly and reliably. Within five minutes, Manappuram authorizes and disburses Gold Loans. It provides a large number of schemes that are appropriate for all income levels, with a maximum loan amount of Rs. 5 crore. The maximum repayment period is 12 months, with the possibility of an extension upon mutual consent. The interest rate begins at 12%.

  • Interest Rate: 12 to 29% p.a.
  • Loan Amount: ₹1,000 to ₹5 crore
  • Tenure: 3 to 12 months
  • Processing Fee: ₹10 at loan settlement; 0.07% on repledge
  • Schemes: ‘High Loan to Value’ and ‘Low-Interest Rate’ options
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3. SBI Gold loan

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With a vast branch network, SBI is India’s largest public sector bank. SBI offers loans to its customers with a maximum repayment period of 36 months. Additionally, SBI provides rural farmers with the Gold Loan facility. The Gold Loan application process is identical to that of creating a new bank account. With interest rates starting at 7.50%, the maximum loan amount that can be obtained here is Rs. 50 lakh.

  • Interest Rate: 7.50% p.a. onwards
  • Loan Amount: ₹20,000 to ₹50 lakh
  • Tenure: Up to 36 months
  • Eligibility: 18 years and above
  • Gold Items Accepted: Gold ornaments, verified for quality and quantity
  • Processing Charges: 0.5% of the loan amount

4. HDFC Gold Loan

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HDFC Bank has recently made many changes to its Sampoorna Bharosa Gold Loan scheme. With minimal documentation and approvals within 45 minutes, HDFC Gold Loans are ideal for emergency situations. Interest rates start from 9.90% per annum with processing charges being 1.50% plus taxes. The minimum amount available as HDFC Gold Loan is Rs. 50,000.

Gold is a valuable asset, and with it comes surety and stability, so why not let it work for you? With minimal documentation and quick disbursal, a Gold Loan is a seamless solution. You can avail a Loan against Gold at any time. Our flexible tenure and repayment options ensure that your monthly outgoings are within your budget.

5. AXIS Gold Loan

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Axis Bank is a private sector bank that offers Gold Loan of up to Rs. 25 Lakh to its customers at attractive and affordable interest rates starting from 13% per annum. The maximum repayment tenor available is 36 months. Axis Bank offers Gold Loans on same day disbursals for special requests. In all, the bank promises quality, transparency and superior customer experience with its Gold Loan product.

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6. Federal Bank Gold Loan

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A hassle-free loan program with interest rates as low as 8.50% is available from Federal Bank. Instant Gold Loans up to Rs. 1.50 Crore with adjustable payback terms are available to customers. It is a dependable choice for clients looking for a gold loan because it has no hidden fees, a minimal processing cost, and guaranteed affordability. Don’t let your wealth sit unused in the event of a financial emergency because there are so many solutions available. Take advantage of a Gold Loan to effectively handle your urgent needs.

7. Central Bank of India Gold Loan

Customers of Central Bank can borrow up to 50 grams of gold through the Cent Personal Gold Loan. The highest sum that can be granted as a gold loan is either Rs. 1,750 per gram or 70% of the market price of 22-carat gold. Interest rates on Central Bank Gold Loans begin at 9.05% annually, with a maximum repayment period of 12 months.

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