State Bank of India
SBI Gold Loan
Rate from8.25%
Max amount₹50 L
EMI/L · 1y₹8,710
DisbursalSame day
- Lowest gold loan rates
- Per gram rate updated daily
CIBIL: 600+ · Salaried · Self-employed · Professional
Gold Loans from 8.25%
Compare rates from 6 lenders. Zero spam calls.
EMI:₹17,421
at 8.25% (lowest available)
Showing 6 gold loans
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Federal Bank
Federal Bank Gold Loan
Rate from10.00%
Max amount₹1 Cr
EMI/L · 1y₹8,792
DisbursalSame day
- Narrow rate band (10–14%)
- Low processing fee (0.5%)
CIBIL: 650+ · Salaried · Self-employed · Professional
HDFC Bank
HDFC Bank Gold Loan
Rate from10.50%
Max amount₹50 L
EMI/L · 1y₹8,815
DisbursalSame day
- Bank safety of gold storage
- Overdraft option against gold
CIBIL: 650+ · Salaried · Self-employed · Professional
ICICI Bank
ICICI Bank Gold Loan
Rate from10.50%
Max amount₹1 Cr
EMI/L · 1y₹8,815
DisbursalSame day
- Starts as low as ₹10,000
- High per-gram rate
CIBIL: 650+ · Salaried · Self-employed · Professional
Muthoot Finance
Muthoot Finance Gold Loan
Rate from12.00%
Max amount₹1 Cr
EMI/L · 1y₹8,885
Disbursal5 minutes
- Largest gold loan NBFC
- 5,700+ branches
CIBIL: 600+ · Salaried · Self-employed · Professional
Manappuram Finance
Manappuram Gold Loan
Rate from12.00%
Max amount₹1 Cr
EMI/L · 1y₹8,885
Disbursal10 minutes
- Quick disbursal
- Online gold loan facility
CIBIL: 600+ · Salaried · Self-employed · Professional
Showing 6 of 6 gold loans. Browse all loan types →
What is a gold loan in India?
Gold loans are the cheapest secured loans in India because the collateral (your jewellery) is highly liquid. SBI starts at 8.25% — cheaper than many home loans. The big gold-loan NBFCs (Muthoot, Manappuram) charge 12-26% but disburse in 5 minutes at 5,700+ branches. Loan-to-value (LTV) is capped by RBI at 75% of gold value. Tenures are short (3-36 months); bullet repayment options exist for borrowers who want to pay only interest during the tenure and principal at the end.
How to choose the best gold loan
- For the lowest rate, banks (SBI, HDFC, ICICI) win — but they take 1-2 days and require an existing account.
- For speed, NBFCs (Muthoot, Manappuram) disburse in minutes at walk-in branches. The 4-8% higher rate is the cost of convenience.
- Bullet repayment reduces monthly pressure — you pay only interest monthly, principal at maturity. Good for short-term cash needs.
- Never over-pledge. LTV capped at 75% by RBI, but many NBFCs push to the limit — leave a buffer in case gold prices dip during the tenure.
Want to calculate EMI for a specific loan amount and tenure? Use our EMI calculator. Looking for a different loan type? See our full loans hub.