Lowest Gold Loan Interest Rates in India 2026
Gold loans are one of the easiest ways to get quick funds by pledging gold jewellery as collateral. Many banks and NBFCs in India offer gold loans with competitive interest rates, flexible repayment options, and minimal documentation.
Key Features of Gold Loans
- Quick loan approval and disbursal
- Lower interest rates compared to personal loans
- Minimal documentation
- Flexible repayment options
- Safe custody of pledged gold
Gold Loan Interest Rates in 2026
| Bank / NBFC | Interest Rate (p.a) | Processing Fee | Loan Amount |
|---|---|---|---|
| State Bank of India | 8.85% | 0.50% of the loan amount, minimum Rs.500 + applicable GST | Rs.50,000 to Rs.50 Lakh |
| HDFC Bank | 8.50% - 17.45% | 1.00% of the disbursal amount (inclusive of applicable taxes) | Rs.25,000 onwards (Rs.10,000 onwards in rural branches) |
| Canara Bank | 9.25% | 0.25% of the loan amount (Rs.250 to Rs.2,500) | Rs.5,000 to Rs.35 Lakh |
| Axis Bank | 17.00% | From Rs.300 per case to 0.50% of the loan amount | Rs.25,001 to Rs.40 Lakh |
| Kotak Mahindra Bank | 9.00% - 24.00% | Up to 2.00% of the loan amount + GST | Rs.20,000 to Rs.1.5 Crore |
| ICICI Bank | 10.00% - 19.76% | 1.00% of the loan amount | Rs.10,000 to Rs.1 Crore |
| IndusInd Bank | 10.00% - 16.00% | Up to 1.00% of the loan amount | Up to Rs.20 Lakh |
| Punjab National Bank | 9.25% | 0.30% of the loan amount + GST or Rs.500 + GST, whichever is higher | Rs.25,000 to Rs.25 Lakh |
| Bank of Maharashtra | 9.30% |
No processing fee for loans up to Rs.10 Lakh. For higher loans, charges range from Rs.1,500 to Rs.2,000 |
Rs.20,000 to Rs.25 Lakh |
| Bank of Baroda | 9.40% |
No processing fee for loans up to Rs.3 Lakh. For higher loans, applicable charges + GST |
Up to Rs.50 Lakh |
| Federal Bank | 8.99% onwards |
No processing fee for loans up to Rs.25,000. For higher loans, 1.00% of the loan amount (minimum Rs.1,000) |
Rs.1,000 to Rs.150 Lakh |
| Muthoot Finance | 12% - 22% | 0.25% - 1.00% of the loan amount | Rs.1,500 onwards |
| Manappuram Finance | Please contact the NBFC for details | Please contact the NBFC for details | Rs.1,000 onwards |
Documents Required
- Aadhaar / PAN / Voter ID
- Address proof
- Passport-size photo
- Gold jewellery for pledge
Final Thoughts
Gold loans remain a popular financing option in 2026 due to quick processing and lower interest rates. Borrowers should compare interest rates, charges, and repayment options before choosing a lender.
Disclaimer
Interest rates and loan terms may change based on lender policies. Please verify the latest details directly with the bank or NBFC before applying.
