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Bank

Interest

Amount

Tenure

Processing Fee

Action

SBI Gold Loan
Up to 7.70% p.a. 7.30% p.a. - 7.50% p.a.
Rs.20,000 to Rs.50 lakh
Up to 36 months
Contact the bank
HDFC Gold Loan
11% p.a. to 16% p.a.
Rs.25,000 onwards (Rs.10,000 for rural areas)
3 months to 24 months
Contact the bank
Manappuram Gold Loan
9.90% p.a. to 24% p.a.
Rs.1000 with no maximum limit
6 months to 12 months
Contact the bank
PNB Gold Loan
8.05% p.a. - 8.4% p.a
Rs.25,000 to Rs.10 lakh
As per the lender’s terms and conditions
Contact the bank

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Muthoot Gold Loan
11.9% p.a. onwards to 27% p.a.
Rs.1,500 with no maximum limit
12 months onwards 7 days to 36 months
Contact the bank
Axis Gold Loan
14.50% p.a. onwards
Rs.25,001 to Rs.25 lakh
6 months to 36 months
Contact the bank
Bank of baroda Loan
8.70% p.a. - 8.80% p.a.
Up to Rs.25 lakh
12 months to 36 months
Contact the bank
IIFL Gold Loan
9.96%p.a.- 27% p.a.
Rs.3,000 onwards
Up to 24 months
Contact the bank

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Karnataka Bank Gold Loan
8.88% p.a. - 9.18% p.a. 8.58% p.a. for Agri-based gold loan
At the discretion of the bank Up to Rs.25 lakh per account
6 months to 12 months
Contact the bank
IDBI Bank Gold Loan
At the discretion of the bank 7% p.a.
Up to Rs. 20 Lakh
Up to 12 months
Contact the bank
Indusind Bank Gold Loan
8.75% - 16.50%
Up to Rs. 20 Lakh
Up to 12 months
Contact the bank
Canara Gold Loan
8.15% p.a.
Rs.5,000 to Rs.35 lakh
12 months - 24 months
Contact the bank

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Kotak Gold Loan
8% p.a. to 17% p.a.
Rs.20,000 – Rs.1.5 crore
Up to 4 years
Contact the bank
Federal Gold Loan
7.99% p.a. onwards
Rs.1,000 - Rs.1.5 crore
As per the lender’s terms and conditions.
Contact the bank
Central Bank of India Gold Loan
7.10% p.a. and 7.20% p.a. 9.05% p.a. onwards (floating)
Rs.10 lakh – Rs.40 lakh
Up to 12 months
Contact the bank
Indian Bank Gold Loan
7% p.a. onwards
At the discretion of the bank Up to Rs. 75 Lakh
Up to 36 months
Contact the bank

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Manappuram Gold Loan

Manappuram Gold Loan offers a host of gold loan schemes depending on your needs and financial capability.

Benefits/Key Highlights:

  • You can avail gold loans from a wide variety of schemes.
  • You can avail higher loan amount depending on the purity and net weight of the gold pledged.
  • The borrower is not required to have a guarantor to avail this loan.

SBI Bank Gold Loan

SBI offers two types of gold loan – SBI Gold Loan and SBI Realty Gold Loan which you can use as per your requirements. You can apply for this gold loan both online and offline.

Benefits/Key Highlights:

  • The lender offers two types of gold loans – Gold Loan, and Realty Gold Loan.
  • The repayment tenures for Gold Loan and Liquid Gold Loan are up to 36 months.
  • Individuals over the age of 18 years can apply for a gold loan from SBI.
  • Joint Loan Facility: Gold loans from SBI can be availed by individuals on a single or joint basis.

Penalties/Internal Charges: Applicant will have to pay the applicable gold appraiser charges.

HDFC bank Gold Loan

You can avail a HDFC gold loan at attractive interest rates. The disbursal of the amount is quick and offers benefits such as overdraft facility.

Benefits/Key Highlights:

  • Processing fee of 1% charged on the loan amount availed.
  • Applicants have to submit minimal documents when applying for the loan.
  • Loan processing and approval turnaround is extremely fast.
  • OD, Term Loan, and Bullet repayment method available.

Penalties/Internal Charges:

  • A valuation fee of Rs.250 for loans up to Rs.1.5 lakh and Rs.575 for loans over Rs.1.5 lakh will have to be paid.
  • Foreclosure charges of 1% plus GST will have to be paid.
  • Stamp duty charges and statutory charges will have to be paid.
  • A renewal processing fee of Rs.350 plus GST is applicable.

Muthoot Finance Gold Loan

Muthoot Finance offers you a host of muthoot gold loan schemes which you can choose as per your financial requirements.

Benefits/Key Highlights:

  • In house gold evaluation.
  • Online application process.
  • Special loan schemes for women.

Penalties/Internal Charges:

  • Service charge applicable as per the gold loan scheme availed.

Axis bank Gold Loan

You can apply for Axis Bank gold loan. Your gold will be kept safely and the loan amount will be disbursed quickly. You can apply for a gold loan from Axis Bank online.

Benefits/Key Highlights

  • The gold that is pledged by a borrower is kept in Axis Bank’s bank vaults.
  • The loan amount is disbursed on the same day that the application is made.
  • Customers can avail this gold loan from Axis Bank by pledging their gold coins and gold ornaments.

Penalties/Internal Charges:

  • A valuation fee of Rs.500 is charged.
  • A penal interest of 2% will be charged on a monthly basis on the overdue loan amount.
  • Processing fee of 0.50% of the loan amount charged.

Canara Bank Gold Loan

You can apply for a Canara Bank gold loan online with minimum paperwork.

Benefits/Key Highlights

  • The loan amount is disbursed in a timely manner by the lender.
  • No guarantee is required to avail this loan.
  • The application process is hassle-free.

Penalties/Internal Charges:

  • Borrowers will have to pay for the applicable jewel appraising charges.
  • Processing fee of 0.50% of the loan amount charged.

Bank of Baroda Gold Loan

The type of facilities available under BoB Gold Loan are EMI, overdraft, and demand loan. The application process is easy and the repayment can be done on a monthly basis.

Benefits/Key Highlights:

  • Any individual who owns gold jewellery, gold coins, or ornaments can avail this loan.
  • You can avail a gold loan from Bank of Baroda if you are aged 18 years and above.
  • Minimal documentation required.

Karnataka Bank Gold Loan

You can avail Karnataka Bank gold loan not only to meet your personal needs but also your agricultural needs too if you are a farmer.

Benefits/Key Highlights

  • This gold loan can be availed by pledging your gold ornaments.
  • Loans are sanctioned quickly.
  • The application process is extremely simple.

PNB Gold Loan

You can apply for a PNB gold loan to meet both your agriculture and non-agriculture needs.

Benefits/Key Highlights

  • No prepayment charges.
  • The lender offers a convenient application process.
  • Only 22-carat gold is accepted by the lender as security for this loan.

Penalties/Internal Charges:

  • Documentation charges have been waived off for gold loans by the bank till 31 December 2021.

IIFL Gold Loan

Choose the IIFL gold loan to meet your financial needs.

Benefits/Key Highlights

  • Get your gold loan approved in 5 minutes and disbursed in 30 minutes.
  • IIFL offers customised gold loan schemes as per your requirements.
  • Flexible repayment options available.

Penalties/Internal Charges:

  • MTM charges of Rs.500 are levied.

Kotak Mahindra Gold Loan

Offer gold ornament 18 karat and above to avail instant gold loan from Kotak Mahindra Bank. You can apply for this Kotak gold loan online as well.

Benefits/Key Highlights

  • Your gold is kept in a safe and secured environment.
  • Minimal documentation required.
  • Avail gold loan on an instant basis.
  • Processing fee of 2% of the loan amount chargeable.

Penalties/Internal Charges:

  • The applicable stamping charges will have to be paid by the borrower.
  • Credit appraisal charges will be levied by the lender. This is subject to a minimum charge of Rs.350 and a maximum of Rs.1,000.
  • Commitment charges of Rs.1,250 per quarter or 0.5% per quarter may be applicable.
  • If the loan amount is overdue, a 3% interest on the due amount will be charged.
  • A collection fee may be charged, subject to a maximum of 30% of the overdue sum.
  • Dishonour charges of Rs.750 will be levied per instance.
  • Swap charges of Rs.500 per instance may be charged.
  • If a no due certificate is required, a maximum fee of up to Rs.50 may be levied.

Federal Bank Gold Loan

Avail a Federal Bank gold loan to meet not only your personal but also your agricultural or business needs.

Benefits/Key Highlights

  • Gold ornaments that have a purity of 22 carats can be pledged.
  • Loans are sanctioned instantly.
  • There are no hidden charges.

Central Bank Gold Loan

You can avail a Central Bank gold loan to meet your immediate personal needs.

Benefits/Key Highlights

  • The application process is hassle-free.
  • Only 22-carat gold is accepted by the bank.
  • Repayment tenure not to exceed 12 months from the date on which loan was sanctioned.
  • Processing fee of 0.75% of the loan amount subject to a minimum of Rs.500 and maximum of Rs.10,000 chargeable.

Indian Bank Gold Loan

Avail a Indian bank gold loan to meet your agricultural needs.

Benefits/Key Highlights

  • The loan process is easy and hassle-free.
  • Interest rate starts at 7% p.a.
  • No hidden charges.

IDBI Bank Gold Loan

Avail yourself of a IDBI Bank gold loan to meet your personal expenses.

Benefits/Key Highlights

  • The loan process is easy and hassle-free.
  • No hidden charges.

IndusInd Bank Gold Loan

Avail a IndusInd Bank gold loan to meet your personal expenses.

Benefits/Key Highlights

  • The loan process is easy and hassle-free.
  • Minimum documentation process.
  • Instant disbursal.

Penalties/Internal Charges:

  • Processing fee: 0.5% of the loan amount.
  • Valuation fee: Rs.500 for a loan amount of up to Rs.2 lakh, and Rs.750 for loan amounts above Rs.2 lakh.
  • Penal charge of 2% p.m. applicable.

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Eligibility criteria and documents for a Gold Loan

If you wish to avail a loan against your gold jewellery or ornaments, you should ensure that you meet thPenal charge of 2% p.m. applicable eligibility criteria specified by the lender. Keep in mind that the eligibility criteria will vary from lender to lender. Thus, it is advisable to check the eligibility criteria that is specified on the lender’s website before applying for a gold loan. Listed below are the generalised eligibility criteria:

Age of the applicant 18 years and above
Security to be pledged Gold ornaments or articles
Total carats of gold that can be pledged 18 carats or above
Other criteria Applicant must be creditworthy

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