🥇Compare Gold Loans
Instant loans against gold — disbursed in 30 minutes • Rates from 7.50% - 17%
Step 1: Employment Details
What is a Gold Loan?
A gold loan is a secured loan where you pledge your gold ornaments as collateral. The bank values your gold (typically at 75% of current market price as per RBI guidelines) and disburses the loan amount immediately. Your gold is kept in secure bank vaults and returned upon full repayment.
A gold loan provides instant funds against your gold jewelry — disbursed in just 30 minutes. Interest rates start from 7.50% p.a. (lowest among all loan types). No income proof or CIBIL score check required. Available in amounts from ₹10,000 to ₹1 crore.
Gold Loan Interest Rates 2026 — Bank-wise Comparison
Compare the latest gold loan interest rates across India's top banks and NBFCs. Rates updated March 2026.
| Bank / NBFC | Interest Rate (p.a.) | Max Amount | Processing Fee | Tenure |
|---|---|---|---|---|
| SBI | 7.50% - 9.50% | ₹50 Lakh | 0.50% | Up to 3 years |
| Muthoot Finance | 9.96% - 26.00% | ₹1 Cr | 1% | Up to 2 years |
| Manappuram | 10.00% - 26.00% | ₹50 Lakh | 1% | Up to 1 year |
| HDFC Bank | 9.50% - 16.50% | ₹50 Lakh | 1% | Up to 2 years |
| ICICI Bank | 10.00% - 16.00% | ₹1 Cr | ₹1,500 | Up to 2 years |
| Federal Bank | 8.49% - 14.00% | ₹75 Lakh | 0.50% | Up to 1 year |
* Rates are indicative and subject to change. Actual rate depends on CIBIL score, income, and bank policies.
Gold Loan Eligibility Criteria
💼 For Salaried Individuals
- ✓Age: 18-75 years
- ✓No minimum income requirement
- ✓No CIBIL score requirement
- ✓Must own gold jewelry (18-24 karat)
- ✓Indian citizen or resident
🏢 For Self-Employed
- ✓Same as salaried — no income distinction
- ✓Gold must be in the name of the applicant or immediate family
- ✓Only gold ornaments accepted (coins up to 50 gm)
- ✓Stone/gem weight deducted from gross weight
Documents Required for Gold Loan
- 📄PAN Card or Aadhaar Card (any one)
- 📄Gold jewelry to be pledged
- 📄Passport-size photograph
- 📄No income documents needed
Tips to Get the Best Gold Loan Deal
- SBI offers the lowest gold loan rates at 7.50% — compare with NBFCs which charge 10-26%
- Bullet repayment option (pay only interest monthly, principal at end) is ideal for short-term needs
- Gold loans up to ₹1 lakh require just Aadhaar — no other documents needed
- Keep track of gold rates — if gold prices rise, you can often get your LTV ratio renegotiated