You can compare gold loan interest rates of different lenders before applying for one. Along with the best interest rates, you can also check for the tenure provided by respective lenders. It’s better to always check your lenders gold loan eligibility criteria before applying for it. Because if you don’t fit the eligibility criteria and apply for the loan, you would face unnecessary loan rejections.
Your gold loan offer will also be determined by the value of the gold pledged. Here are a few of the best banks that provide gold loans at good interest rates:
- SBI Bank provides gold loans at interest rates from 7.50% per annum for a maximum of 36 months tenure
- ICICI Bank provides interest rates that start from 10%
- HDFC Bank provides interest rates that start from 10.05%