Top 10 Banks For Gold Loans India

List of Top 10 Banks Gold Loan Interest Rates in India 2025

The table below presents the gold loan interest rates and loan amounts of some of the best 10 banks for 2025.

Disclaimer: The interest rates and loan amounts mentioned in the above table are as of 16th May 2024 when this page was written and are subject to change. For exact rates and loan amounts, contact the respective banks or refer to their websites.

State Bank of India Gold Loan - Features and Benefits

• Tenure: Flexible loan terms from 12 to 36 months.
• Interest Rate: Starting at 8.80% p.a. depending on the repayment option.
• Processing Fee: Just 0.25% of the loan amount (min ₹500, max ₹10,000) plus GST; no fee for some short-term loans till Sept 2025.
• Loan Amount: Borrow from ₹20,000 up to ₹50 lakhs based on your gold’s value.
• Repayment Options: Choose from EMIs, overdraft facility, or bullet repayment.
• Security: Your gold is safely stored and returned once the loan is fully paid.
• Quick Approval: Minimal paperwork with fast disbursal.
• Prepayment: Pay off your loan early without any extra charges.
• Eligibility: Open to anyone above 18 with gold, no income proof or guarantor needed.

Kotak Mahindra Bank Gold Loan - Features and benefits

• Tenure: You can take a gold loan for up to 4 years, giving you plenty of time to repay comfortably.
• Processing Fee: Charges are up to 2% of the loan amount plus applicable GST.
• Fast Disbursal: Get your loan amount quickly, with minimal delays.
• Gold Safety: Your gold stays safe and secure with the bank throughout the loan tenure.
• Minimal Paperwork: The documentation process is simple and hassle-free.
• High Loan-to-Value (LTV): Kotak offers a higher LTV, so you can borrow more against your gold.
• Flexible Repayment: Choose from multiple easy repayment options that suit your convenience.
• Open to All: Both existing and new customers can apply for this loan.
• Loan Amount: The loan is based on the value of your pledged gold, which the bank carefully assesses to offer you the best amount.
• Tailored Options: You can select the gold loan product that fits your needs the best.

HDFC Bank Gold Loan - Features and Benefits

• Tenure: Choose from flexible repayment periods between 6 and 24 months.
• Processing Fee: Up to 1% of the disbursed amount, including taxes.
• Low Interest & Fees: Benefit from competitive interest rates and processing fees, with special discounts available for select customers.
• Simple Documentation: Minimal paperwork to make applying quick and easy.
• No Foreclosure Charges: You can repay your loan early after 3 months without any penalties.
• High Loan-to-Value (LTV): Borrow up to 75% of your gold’s appraised value.
• Multiple Repayment Options: Pay via regular EMIs, bullet repayment after one year, or pay interest upfront and principal at tenure-end—the choice is yours!

Canara Bank Gold Loan - Features and Benefits

• Tenure: Flexible loan tenure up to 2 years.
• Processing Fee: Just 0.5% of the loan amount plus GST, with a minimum charge of ₹500.
• Affordable Interest Rates: Competitive rates that make borrowing easy and accessible.
• No Prepayment Penalty: Feel free to repay your loan early without any extra charges.
• Minimal Processing Charges: Low fees and a simple approval process.
• Quick Disbursal: Fast loan processing and quick release of funds.
• Loan Amount: Borrow up to 70% of the appraised value of your gold.
• Variety of Schemes: Choose from three loan options — Swarna Loan, Swarna OD, and Swarna Express — tailored to fit your needs.

IndusInd Bank Gold Loan - Features and Benefits

• Tenure: Flexible repayment options from 3 to 12 months.
• Processing Fee: Up to 1% of the loan amount.
• Instant Disbursal: Get your funds quickly with minimal waiting.
• Minimal Documentation: Simple paperwork to make the process hassle-free.
• Flexible Loan Amount: Borrow up to ₹20 lakhs based on your gold’s value.
• Gold Safety: Your gold is sealed in your presence and securely stored in the bank’s vault.
• Easier Process for Customers: Existing IndusInd Bank customers enjoy faster approvals and fewer documents, making borrowing even simpler.

Axis Bank Gold Loan - Features and Benefits

• Tenure: Flexible repayment options up to 36 months.
• Processing Fee: Low processing fee of just 0.5% of the loan amount.
• Fast Disbursal: Receive your funds within 60 minutes of approval.
• High-Value Loans: Axis Bank offers loans against gold in high amounts to meet your needs.
• Competitive Rates: Enjoy lower interest rates along with minimal processing fees.
• Flexible Repayment: Choose a repayment tenure that works best for you.
• Secure Gold Storage: Your gold is safely locked in Axis Bank’s vaults throughout the loan period.
• Reward Points: Earn 150 Axis eDGE reward points when your loan is disbursed, redeemable across various categories.
• Use Funds Anywhere: The loan amount is yours to use for any purpose you want.
• Simple Documentation: Minimal paperwork requiring just basic KYC documents like PAN and Aadhaar.

Bank of Baroda Gold Loan - Features and Benefits

• Tenure: Flexible loan tenure from 12 to 36 months.
• Processing Fee: No processing fee for loans up to ₹3 lakhs. For loans above ₹3 lakhs, a nominal fee of 0.5% plus GST applies.
• Easy Conversion: You can easily convert your gold loan into cash when needed.
• No Guarantor Needed: No need to arrange for a guarantor to avail this loan.
• No Income Proof Required: Bank of Baroda does not ask for income proof, making the process hassle-free.
• Gold Safety: Your gold jewellery, coins, or ornaments are safely stored by the bank.
• Credit Score Friendly: Loan pricing doesn’t depend on your credit score.
• Minimal Paperwork: Simple and straightforward documentation.
• Fast Disbursal: Quick processing ensures you get funds without delay.

Punjab National Bank Gold Loan - Features and Benefits

• Tenure: Loan tenure is up to 1 year.
• Processing Fee: Charges are 0.30% of the loan amount or ₹500, whichever is higher.
• Purpose: Loans are available for both personal and business needs.
• Loan Margin: Borrowers must pay a margin of 25%, or 30% for the bullet repayment option.
• Gold Criteria: Gold coins or jewellery should weigh no more than 50 grams and have a purity between 18 and 22 carats.
• Eligibility: Open to a wide range of borrowers including businessmen, pensioners, salaried employees, students, self-employed professionals, and homemakers. Applicants must be at least 18 years old.
• Repayment Options: You can repay agricultural and non-agricultural gold loans either in 12 monthly installments or two half-yearly installments.

ICICI Bank Gold Loan - Features and Benefits

• Tenure: Flexible repayment options from 6 to 12 months.
• Processing Fee: 1.0% of the loan amount.
• Instant Access: Quick and easy access to funds when you need them.
• Simple Documentation: Minimal paperwork to speed up the process.
• Gold Safety: Your gold jewellery is securely stored throughout the loan tenure.
• High Loan Amount: Borrow up to ₹1 crore depending on your gold’s value.
• Attractive Interest Rates: Competitive rates to make borrowing affordable.

Central Bank of India Gold Loan - Features and Benefits

• Tenure: Up to 12 months from the date the loan is sanctioned.
• Processing Fee: 0.50% of the loan amount, with a minimum of ₹250 and a maximum of ₹5,000.
• Fast Disbursal: Get your loan amount disbursed quickly, often within 5 minutes.
• Simple Documentation: Minimal paperwork needed, usually just ID and address proof.
• Flexible Repayment: You can pay the interest upfront and repay the principal amount only at the end of the loan tenure.

Disclaimer: The tenure, processing fee, and other features and benefits of the gold loans of the banks mentioned above are as of 16th May 2024 when this page was written and are subject to change. For exact information on these, contact the banks or refer to their websites.

How to find the best gold loan?

To find the best gold loan, it is ideal to compare the interest rates, processing fees, and other charges across banks and NBFCs. Here are some additional top tips to find the best gold loan.

• The Loan-to-Value (LTV) ratio determines the highest possible amount for a secured loan based on the market value of the collateral asset.In case of a gold loan, the collateral is gold. So, the LTV determines the quantum of gold loan amount you can get. Higher the LTV ratio, higher the amount of gold.
• Tenure of the loan: Choose a loan tenure that suits your repayment capacity. Your EMIs may be lower when the tenure is longer but this can result in higher interest payments over time.
• Check the processing time: It is ideal to check the loan processing times of different lenders. When you are in dire need of finance, you will need funds to be disbursed immediately. Thus, compare and choose the lender with quick processing and disbursal time.
• Minimal paperwork: Choose the lender who offers simple documentation with least paperwork. This will speed up your process.
• Customer review: Choose a lender who has good customer reviews. Good customer reviews show the credibility of the lender.
• Repayment options: Choose a loan with flexible repayment options like interest only, EMI payment, bullet repayment, etc.

Which bank offers the best gold loan?

The best bank for a gold loan in India can depend on factors such as interest rates, processing fees, and the loan amount. As of 2025, some top options include

1. State Bank of India

• Interest Rates: Starting from 8.75% per annum.
• Loan Amount: Minimum ₹20,000 to a maximum of ₹50 lakhs.
• Processing Fees: 0.50% of the loan amount, subject to a minimum of ₹500 + applicable GST.

2. HDFC Bank

• Interest Rates: Ranging from 9.00% to 17.16% per annum.
• Processing Fees: Up to 1% of the disbursal amount (inclusive of applicable taxes).
• Loan Amount: Starting at ₹25,000 (minimum loan amount of ₹10,000 available in rural markets).

3. ICICI Bank

• Interest Rates: Ranging from 9% to 18.00% per annum.
• Processing Fees: 1.0% of the loan amount.
• Loan Amount: Minimum ₹50,000 to a maximum of ₹1 crore.

4. Kotak Bank

• Interest Rate: 9% to 24%.
• Loan Amount: Minimum Rs 20,000/- to maximum Rs 1,50,00,000.
• Processing Charge: Up to 2% of Loan amount + applicable GST.

4. Axis Bank

• Interest Rate: Starting from 17.00%.
• Loan Amount: Rs. 25,001 to Rs. 40,00,000.
• Processing Fees: Up to Rs. 2 lakh: Rs. 300; More than Rs. 2 lakh: 0.5% of the loan amount.