Gold Loan Interest Rates

Loans that are granted to you in lieu of you depositing your gold with NBFCs or banks are referred to as gold loans. It is a secured loan and as a result has emerged as a preferred alternative option for short-term loan seekers.

Compare Gold Loan Interest Rates (Feb, 2018):

Gold Loan Provider Interest Rate Processing fee
HDFC Gold Loan 9.6% onwards Nil to 0.5% of loan sanctioned
Muthoot Gold Loan 12% onwards 0.25% to 1% of loan sanctioned
Manappuram Gold Loan 14% onwards Varies on a case by case basis
ICICI Bank Gold Loan 10.5% to 16.5% 1% of loan amount
SBI Gold Loan 11.05% p.a. 0.5% of loan amount with a Min. Rs. 250
Axis Bank Gold Loan 14.50% to 17% 1% of loan amount

 *The facts and figures provided above are indicative and subject to change from time to time.

Lending institutions offer loan of up to 75% of the gold value, after checking the metal for purity and ascertaining its market price. Coins and bars with higher purity offer more value than gold jewellery or that encrusted with precious stones, which is valued only for the gold component. The interest on loan can vary from 13%-16% per annum. It is usually repayable in 12-60 months in equal instalments and includes interest and principal.

Manappuram Gold Loan Interest Rate

The maximum interest rate chargeable has been fixed at 26 % pa. Manappuram gold loan interest rate will be quoted on annualized basis only. Interest amount will be calculated on the daily outstanding balance in the loan account at the contracted rate. Interest will be calculated on the basis of 360 days a year. Compounding, if any, will be provided in specific loan schemes. All types of gold loan carry the fixed contracted rate till closure of account.

SBI Gold loan Interest Rate

Anybody with steady source of income including bank's employees and pensioners can apply for gold loan with the SBI (State Bank of India). The applicant should be 21 years and above.

You can borrow a loan from Rs 10,000 to Rs 20 lacs with Margin of 25%. The repayment tenure is of 30 months.

Interest Rate: 2.50% above Base Rate i.e., 12.50% p.a. currently

HDFC Gold Loan Interest Rate

HDFC bank offers immediate gold loan sanctioning and disbursal. It can be availed online and in branch offices. It provides speedy gold loan processing for urgent cash crisis

Product Group

Bank IRR








The bank has charges such as foreclosure charges, late payment, renewal, part or prepayment, stamp duty etc.

Axis Bank Gold Loan Interest Rate

Axis Bank offers gold loan from Rs.25001 to 20,00,000 against gold ornaments. The loan is disbursed on the same day.

  • Rate of Interest – 14.50% – 17.00%

Processing Fee

Foreclosure charges



  • Valuation charges

Valuation charges


  • Other Charges

Part Payment charges


Penal Interest

2% per month on overdue amount

Canara Bank Gold Loan Interest Rate

Canara bank offers hassle-free, quick loan, with no guarantee required and at a reasonable rate of interest. You can avail the loan to meet medical expenses and other unforeseen commitments / contingencies and investment / domestic purposes.

The applicant is required to repay the loan in 12 months from the date of loan sanctioning. And you can borrow Minimum Rs. 10,000 to Maximum Rs.10,00,000.

Rate of interest:

1. Gold Loans for Agricultural Purposes upto Rs.2 lac


2. Gold Loans above Rs.2.00 lacs up to Rs.3.00 lacs


Finance is offered against:

  • Specially minted gold coins sold by any Bank
  • Gold Ornaments

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