Gold prices crossed ₹13,400 per gram in June 2026 — and that number is working in your favour if you own jewellery. The same gold sitting in your locker can now fetch you a loan at rates starting from 8.05% p.a., with no income proof, no CIBIL check, and same-day disbursal at most branches.
But here is the critical problem most borrowers miss: the rate spread across lenders is enormous. The difference between the cheapest bank and a typical NBFC can be ₹37,000 or more on a ₹5 lakh loan over 12 months.
This is India’s most comprehensive gold loan guide for 2026 — covering current interest rates across every major bank and NBFC, the new RBI LTV rules, hidden charges that inflate your actual cost, and a worked example that shows exactly how much you can borrow against your gold today.
Disclaimer: Rates mentioned are indicative as of July 2026 and are subject to change without notice. Always verify current rates directly with the lender before applying. This article is for informational purposes only and is not financial advice.
Gold Loan — Quick Answer Summary
In 2026, gold loan interest rates in India range from 8.05% to 27% p.a., depending on the lender, loan amount, gold purity, tenure, and whether you choose a bank or NBFC.
| Lender Type | Rate Range | Speed | Best For |
|---|---|---|---|
| PSU Banks | 7%–9.50% | 1–2 days | Lowest cost borrowers |
| Private Banks | 9%–17% | Same day–1 day | Higher limits, digital |
| Large NBFCs | 9.24%–24% | 30–60 minutes | Speed, no documentation |
| Small NBFCs | 18%–27% | Immediate | Remote/rural areas |
What Is a Gold Loan? A Simple Explanation
A gold loan is a secured loan where you pledge your gold jewellery or coins as security to a lender (banks, NBFC or fintech companies) and in return get funds. The loan quantum is linked to the market value of the gold and most lenders offer up to 75% of the value of gold as per RBI guidelines.
In plain terms — you hand over your gold to the lender. They lock it in a secure vault. You get cash immediately. When you repay the full loan plus interest, you get your gold back. If you default, the lender auctions your gold to recover the money.
Why gold loans are popular in India:
- No income proof required
- No CIBIL score check at most lenders
- Disbursal in 30–60 minutes at NBFCs
- Lower interest rate than personal loans
- Gold is not sold — you get it back on repayment
- India holds 25,000+ tonnes of household gold — more than any other nation. A gold loan converts this idle wealth into emergency liquidity in 30–60 minutes, at interest rates significantly lower than personal loans (12–24%) and without income proof or CIBIL checks.
2026 RBI Gold Loan Rules — What Changed
Effective April 1, 2026, the Reserve Bank of India replaced the earlier flat 75% loan-to-value cap with a tiered structure that specifically benefits small borrowers.
New RBI tiered LTV structure (effective April 2026):
| Loan Amount | Maximum LTV Allowed |
|---|---|
| Up to ₹2.5 lakh | 85% of gold value |
| ₹2.5 lakh – ₹5 lakh | 80% of gold value |
| Above ₹5 lakh | 75% of gold value |
What this means for you: Keep your loan under ₹2.5 lakh if possible to benefit from the 85% LTV under the new RBI framework. A higher LTV means you get more money from the same quantity of gold.
Other key 2026 RBI changes:
- Stricter KYC for gold loans above ₹5 lakh
- Mandatory Key Fact Statement (KFS) — every lender must show all charges transparently before you sign
- Gold loan disbursal above ₹20,000 must be through banking channels only — no cash
- Improved monitoring of top-up loans and loan rollovers
How to Calculate Your Gold Loan Eligibility
Loan amount formula: (weight in grams) × (purity factor) × (gold rate per gram assessed) × (LTV%)
Worked example using June 2026 gold prices:
Scenario: You have 50 grams of 22-karat gold jewellery. Gold price on 23 June 2026: ₹7,200 per gram (22K assessed rate).
| Step | Calculation | Amount |
|---|---|---|
| Assessed value | 50g × ₹7,200 | ₹3,60,000 |
| Apply LTV (₹2.5–5L slab = 80%) | ₹3,60,000 × 80% | ₹2,88,000 loan |
| Interest at SBI (9% p.a., 12 months EMI) | Monthly EMI ~₹2,999 | Total interest ~₹27,990 |
| Processing fee (0.50%) | ₹2,88,000 × 0.5% | ₹1,440 |
| Total cost | Interest + fees | ₹29,430 |
Same gold at Muthoot Finance (24% p.a., 12 months):
- Total interest = ~₹69,120
- Difference vs SBI = ₹39,690 more expensive
Key insight: Gold purity matters: 22K gold = standard jewellery. 18K gold = 82% of 22K value. 24K gold coins or bars = highest value. Hallmarked BIS jewellery typically assessed at full weight; non-hallmarked jewellery may be assessed at lower purity, reducing loan amount.
Section 1: PSU Bank Gold Loan Rates — Cheapest Option
Public sector banks consistently offer the lowest gold loan interest rates in India. The tradeoff is slightly longer processing (1–2 days) compared to NBFCs.
| Bank | Starting Rate | Max Rate | Max Loan | Processing Fee | Special Feature |
|---|---|---|---|---|---|
| SBI | 8.75% | 10.50% | ₹50 lakh | 0.50% (min ₹500) | Largest branch network |
| Central Bank of India | 8.05% | 9.50% | ₹35 lakh | 0.50% | Lowest starting rate PSU |
| Indian Overseas Bank | 7.00% | 9.00% | ₹20 lakh | 0.40% | Agricultural scheme |
| Canara Bank | 8.25% | 10.00% | ₹35 lakh | 0.50% | Strong south India network |
| Bank of Baroda | 8.75% | 11.00% | ₹25 lakh | 0.50% | Doorstep available |
| Bank of India | 8.85% | 10.50% | ₹20 lakh | 0.50% | — |
| Punjab National Bank | 8.75% | 10.50% | ₹25 lakh | 0.70% | — |
| Union Bank | 8.90% | 11.00% | ₹20 lakh | 0.50% | — |
| Indian Bank | 8.75% | 10.50% | ₹20 lakh | 0.50% | — |
Rates as of July 2026. Agricultural gold loan schemes may start lower. Verify at branch.
SBI Gold Loan — Deep Dive
The maximum loan amount provided by the State Bank of India against gold is Rs. 50 lakhs. SBI is the most popular choice for gold loans due to its unmatched branch network, government backing, and competitive rates.
SBI Gold Loan Key Details:
- Rate: 8.75% p.a. onwards (MCLR-linked)
- Minimum loan: ₹20,000
- Maximum loan: ₹50 lakh
- Tenure: 3 months to 36 months
- Processing fee: 0.50% (min ₹500, max ₹5,000)
- Gold purity: 18K to 22K
- Repayment: EMI or bullet
- Prepayment penalty: Nil after 3 months
Special agricultural rate: The interest rate on agricultural gold loans offered by leading financial institutions is 7%. If you are a farmer with a Kisan Credit Card, SBI offers gold loans at ~7% — the cheapest gold loan available in India.
Section 2: Private Bank Gold Loan Rates
Private banks sit between PSU banks and NBFCs — faster processing than PSU banks, lower rates than NBFCs, and higher loan limits.
| Bank | Starting Rate | Max Rate | Max Loan | Processing Fee | Notable Feature |
|---|---|---|---|---|---|
| HDFC Bank | 9.50% | 17.55% | ₹1.5 crore | 1% + GST | Doorstep gold pickup |
| ICICI Bank | 10.00% | 17.00% | ₹1 crore | 1% + GST | Instant online gold loan |
| Axis Bank | 10.25% | 16.95% | ₹40 lakh | 1% + GST | Fast disbursal |
| Kotak Mahindra Bank | 9.00% | 17.00% | ₹1.5 crore | 1% + GST | Premium customers get 9% |
| Federal Bank | 9.49% | 14.00% | ₹1 crore | 0.50% | Strong Kerala network |
| South Indian Bank | 9.50% | 15.00% | ₹50 lakh | 0.50% | — |
| Karnataka Bank | 9.90% | 14.50% | ₹50 lakh | 0.50% | — |
| Yes Bank | 10.00% | 16.00% | ₹25 lakh | 1% | — |
| IndusInd Bank | 10.00% | 16.50% | ₹1 crore | 1% | — |
Rates as of July 2026. Private bank rates vary significantly by loan amount, tenure, and customer relationship.
HDFC Bank Gold Loan — Key Details
- Rate: 9.50%–17.55% p.a.
- Maximum loan: ₹1.5 crore — among the highest in banking sector
- Doorstep gold pickup service — lender sends an agent to your home for valuation and collection
- Digital gold loan renewal available
- Processing fee: 1% + GST (negotiable for premium customers)
- Tenure: 3 to 24 months
Section 3: NBFC Gold Loan Rates — Speed vs Cost
NBFCs dominate gold lending in speed and geographic reach, especially in semi-urban and rural India. Their rates are higher, but so is their convenience.
Muthoot Finance — World’s Largest Gold Loan Company
Muthoot Finance Limited (MFL) offers gold loans @ 10.90% p.a. onwards for loan amounts up to Rs 1 crore and for tenures of up to 1 year.
Practical LTV at Muthoot Finance: 60–75% depending on scheme (lower LTV = lower interest rate).
| Scheme Type | Interest Rate | LTV | Best For |
|---|---|---|---|
| Low LTV scheme | 10.90%–12% | 60–65% | Lowest rate seekers |
| Standard scheme | 14%–18% | 70–75% | Balanced rate/amount |
| High LTV scheme | 20%–24% | 75% max | Maximum loan needed |
Muthoot Key Features:
- Minimum loan: ₹1,500
- Maximum loan: Up to ₹1 crore (₹5 crore for special cases)
- Disbursal: 30 minutes at branch; doorstep in some cities
- Gold: 22K–24K only
- Free insurance on pledged gold ornaments
- Zero Interest Loans (ZIL) available under select schemes
- Prepayment: Partial payment and pre-closure available
- Over 4,400 branches across India
Important warning on Muthoot bullet loans: NBFC high rates trap: Muthoot bullet loan at 24% — many borrowers take 6-month loan, cannot repay, renew at 24% again. Effective annualised cost compounds. Budget repayment plan before taking loan.
Manappuram Finance — Second Largest Gold NBFC
The base interest rate starts at 21.02% p.a., while scheme-based rates may start from 9.90% p.a., depending on LTV and tenure.
| Scheme Type | Interest Rate | Notes |
|---|---|---|
| Best scheme rate | From 9.90% | Low LTV, specific conditions |
| Standard rate | 15%–21% | Most common borrower |
| Base rate (January 2026) | 21.02% p.a. | Default rate per official data |
| Annualised max | Up to 23.17% | Highest scheme rate |
Manappuram Key Features:
- Minimum loan: ₹1,000
- Maximum loan: Up to ₹1.5 crore (higher with special permission)
- Disbursal: Immediate (15–30 minutes)
- LTV: 65–75% (average book LTV ~57% per March 2025 data)
- Repayment options: Monthly interest, bullet, partial prepayment
- Over 4,700 branches across India
- Strong presence in Kerala, Tamil Nadu, Andhra Pradesh
Key difference from Muthoot: Manappuram’s advertised “from 9.90%” rate requires very specific conditions — lower LTV, shorter tenure, good repayment history. Most retail borrowers will pay 15%–21%. Always ask specifically which scheme applies to your loan amount and tenure.
IIFL Finance — Best NBFC Rate
IIFL Finance stands out in the NBFC segment — its starting rate of 9.24% is competitive with private banks, and it offers a largely digital application process.
| Feature | Detail |
|---|---|
| Starting rate | 9.24% p.a. — best NBFC rate |
| Standard rate | 12%–18% |
| Maximum rate | 24% |
| Max loan | ₹50 lakh |
| Disbursal | Same day (30–60 min) |
| Online application | ✅ Full digital process |
| LTV | Up to 75% |
| Doorstep service | Available in select cities |
IIFL’s 9.24% starting rate is the most competitive among all major NBFCs — close to private bank rates but with NBFC-speed processing. If you need fast disbursal but want a lower rate than Muthoot/Manappuram, IIFL is worth checking first.
Other NBFCs — Quick Reference
| NBFC | Starting Rate | Max Rate | Specialty |
|---|---|---|---|
| Bajaj Finance | 10.00% | 20% | Technology-driven |
| Shriram Finance | 12.00% | 22% | South/West India strength |
| Kosamattam Finance | 12.00% | 20% | Kerala-focused |
| Muthoot Fincorp | 11.00% | 21% | Muthoot Group NBFC |
| Indel Money | 12.00% | 22% | — |
| Rupeek (Fintech) | 9.88% | 18% | Doorstep, digital-only |
Large, well-rated NBFCs can raise money cheaply and pass on lower rates (9%–14% p.a.), while smaller or regional NBFCs with higher borrowing costs and operational expenses charge more (18%–24% p.a.).
Master Comparison Table: All Lenders at a Glance
| Lender | Type | Starting Rate | Max Rate | Max Loan | Processing Fee | Time to Disburse |
|---|---|---|---|---|---|---|
| Indian Overseas Bank | PSU Bank | 7.00% | 9.00% | ₹20L | 0.40% | 1–2 days |
| Central Bank of India | PSU Bank | 8.05% | 9.50% | ₹35L | 0.50% | 1–2 days |
| SBI | PSU Bank | 8.75% | 10.50% | ₹50L | 0.50% | 1–2 days |
| Canara Bank | PSU Bank | 8.25% | 10.00% | ₹35L | 0.50% | 1–2 days |
| PNB | PSU Bank | 8.75% | 10.50% | ₹25L | 0.70% | 1–2 days |
| Kotak Mahindra Bank | Private Bank | 9.00% | 17.00% | ₹1.5Cr | 1% | Same day |
| Federal Bank | Private Bank | 9.49% | 14.00% | ₹1Cr | 0.50% | Same day |
| HDFC Bank | Private Bank | 9.50% | 17.55% | ₹1.5Cr | 1% | Same day |
| ICICI Bank | Private Bank | 10.00% | 17.00% | ₹1Cr | 1% | Same day |
| IIFL Finance | NBFC | 9.24% | 24.00% | ₹50L | 0% | 30 min |
| Rupeek | Fintech | 9.88% | 18.00% | ₹50L | 0% | Doorstep |
| Muthoot Finance | NBFC | 10.90% | 24.00% | ₹1Cr+ | 0%–1% | 30 min |
| Bajaj Finance | NBFC | 10.00% | 20.00% | ₹2Cr | 0.50% | Same day |
| Manappuram Finance | NBFC | 9.90% | 23.17% | ₹1.5Cr | 0%–1% | 15 min |
| Shriram Finance | NBFC | 12.00% | 22.00% | ₹50L | 1% | Same day |
Rates as of July 2026. Verify current rates directly with each lender before applying.
Hidden Charges — What Your Actual Cost Will Be
The real cost goes beyond just the advertised interest rate. You must evaluate processing fees, hidden charges, repayment flexibility, and the total borrowing cost.
Here are all the charges you must ask about before signing:
| Charge | Typical Range | Notes |
|---|---|---|
| Processing fee | 0%–1% of loan amount | NBFCs often waive during campaigns |
| Valuation fee | ₹200–₹500 | Charged for gold appraisal |
| Locker/storage fee | ₹100–₹500/month | Some NBFCs charge this separately |
| Foreclosure charge | 0%–2% | PSU banks usually nil after 3 months |
| Penal interest | 2%–3% p.a. extra | On overdue amounts |
| Renewal fee | ₹200–₹500 | If you extend loan tenure |
| Auction charges | 1%–3% | If gold is auctioned on default |
| GST on fees | 18% | On all fee amounts |
Let’s say you take a ₹2,00,000 gold loan from an NBFC at 14% interest for 12 months, with processing fee 1% (₹2,000) and valuation charge ₹500. That’s nearly 15.75% effective cost, not 14% as advertised.
Smart tip: The 2026 RBI framework mandates that every lender provide a Key Fact Statement (KFS) disclosing all costs transparently. Always ask for the KFS before signing. Compare APRs, not just starting rates.
Bank Gold Loan vs NBFC Gold Loan — Which Is Better?
Interest rates from banks are generally lower than those from NBFCs. However, NBFCs offer faster processing and more flexible terms.
| Factor | PSU Bank | Private Bank | NBFC |
|---|---|---|---|
| Interest rate | ✅ Lowest (7%–10%) | 🟡 Medium (9%–17%) | ❌ Highest (9%–24%) |
| Processing time | ❌ 1–2 days | 🟡 Same day–1 day | ✅ 30 min–2 hours |
| Documentation | 🟡 Moderate | 🟡 Moderate | ✅ Minimal |
| Branch network | ✅ Widest | 🟡 Good | ✅ Very wide (NBFCs) |
| Loan limit | 🟡 Up to ₹50L (SBI) | ✅ Up to ₹1.5Cr | ✅ Up to ₹1–5Cr |
| LTV | 🟡 75–85% (tiered) | 🟡 70–75% | 🟡 60–75% |
| Doorstep service | ❌ Rare | 🟡 Some banks | ✅ Most NBFCs |
| Gold safety | ✅ Bank vault | ✅ Bank vault | 🟡 NBFC vault |
| Online renewal | ❌ Rare | 🟡 Some | ✅ Most NBFCs |
| Prepayment penalty | ✅ Usually nil | 🟡 Varies | 🟡 1%–2% |
The RBI’s own verdict in plain English:
For most borrowers who can wait 1–2 days, the bank route saves ₹75,000 or more. Choose a PSU bank if you can wait 1–2 days and want the lowest effective interest rate. Choose a private bank if you want a higher loan limit, doorstep gold collection, or faster turnaround with reasonable rates.
Repayment Options Explained
Most gold loans offer four repayment structures:
1. EMI (Equated Monthly Instalments) You pay a fixed amount every month covering both interest and principal. This is the most common structure and works like a regular loan.
2. Bullet Repayment You pay nothing during the loan tenure — principal + all interest due at the end. Looks cheaper monthly but the total interest outgo is highest. Common at NBFCs. Risky if you cannot arrange lump sum at maturity.
3. Interest-Only Monthly Payment You pay only the interest every month and repay the principal at the end. Keeps monthly cash outflow low while avoiding the bullet repayment trap.
4. Overdraft (OD) Facility Gold is pledged as collateral for an overdraft limit. You draw only what you need and pay interest only on the amount drawn. Best for business owners who need revolving credit.
Who Should Choose Which Lender?
| Your Situation | Best Choice | Why |
|---|---|---|
| Need cheapest rate, can wait 1–2 days | SBI / Central Bank of India | Lowest rates, PSU safety |
| Farmer needing agricultural loan | SBI / IOB | ~7% agricultural rate |
| Senior citizen needing quick cash | IIFL Finance | Low NBFC rate, fast |
| Need money in 30 minutes | Muthoot Finance | Widest branch network, fastest |
| High loan amount (above ₹50L) | HDFC Bank / Kotak | Higher limits, doorstep pickup |
| Rural/semi-urban borrower | Manappuram / Muthoot | Dense branch network in smaller towns |
| Want doorstep service | Rupeek / HDFC / Muthoot | Home pickup and processing |
| Business owner, revolving credit | HDFC / ICICI OD facility | Overdraft against gold |
| Want full digital process | IIFL / Rupeek | End-to-end online application |
Gold Loan Risks — Read This Before Pledging
1. Auction risk on default If you default, the lender auctions the gold. Any shortfall between auction proceeds and outstanding loan is recoverable from you — and auction administrative costs are added to the account. This means you can lose your gold AND still owe money.
2. Gold price drop = margin call Margin call on gold price drop: gold falls 15%+ after loan → assessed value drops → LTV ratio breached → lender requests additional gold or partial repayment. Sudden demand for cash precisely when markets are stressed.
3. Bullet repayment trap Many borrowers take short-term bullet loans, cannot repay at maturity, and roll over — accumulating compounding interest at 18%–24% annually.
4. Vault security Get vault certificate at pledge. Ask about insurance coverage on pledged gold. Reputable lenders (banks, Muthoot, Manappuram) have robust vault insurance — smaller NBFCs may not.
5. Interest rate manipulation risk Some lenders advertise monthly rates (like “1.5%/month”) which sounds small but equals 18% annually. Always convert to annual rate before comparing.
7 Tips to Get the Lowest Gold Loan Rate
1. Pledge higher purity gold Borrowers pledging gold with high purity (typically 22 karats or above) generally get lower interest rates. 24K coins and bars get the best treatment.
2. Get BIS hallmarked jewellery assessed Hallmarked gold is assessed at stated purity. Non-hallmarked gold may be assessed at lower purity, reducing your loan amount.
3. Keep loan below ₹2.5 lakh if possible The new RBI tiered LTV gives you 85% LTV on loans below ₹2.5 lakh — meaning you need less gold to borrow the same amount.
4. Choose EMI over bullet repayment Bullet repayment schemes often carry higher interest rates. EMI-based repayment usually attracts the bank’s lowest advertised rate.
5. Negotiate with your existing bank If you have a long relationship with your bank, consider negotiating for a favourable interest rate. A long-standing SBI account holder can often get below the advertised rate.
6. Compare APR not headline rate Compare APRs, not just starting rates. A bank at 9% with ₹2,000 in fees may be cheaper total than a NBFC at 8.5% with ₹5,000 in processing and valuation charges.
7. Ask about festive offers SBI regularly waives processing fees on gold loans during festive periods. Diwali, Akshay Tritiya, and Dhanteras are peak times for gold loan promotions with waived fees and discounted rates.
Gold Loan vs Personal Loan — Which Is Cheaper?
| Feature | Gold Loan | Personal Loan |
|---|---|---|
| Interest rate | 8%–24% | 11%–24% |
| Processing time | 30 min–2 days | 1–7 days |
| Income proof | Not required | Required |
| CIBIL check | Usually not required | Required (700+ preferred) |
| Collateral | Gold jewellery | None |
| Maximum amount | Up to ₹5 crore | Up to ₹40 lakh |
| Prepayment | Usually flexible | Penalty often applies |
| Risk | Gold auction on default | Credit score damage |
Gold loan wins on: Rate (if you go to a bank), speed, no income proof, no CIBIL check, higher amounts. Personal loan wins on: No asset at risk, no margin call risk, no auction risk.
If you own gold and can tolerate the pledge risk, a bank gold loan at 8%–9% is significantly cheaper than a personal loan at 12%–18%.
Gold Loan vs Loan Against Mutual Funds (LAMF)
If you have mutual fund investments, a Loan Against Mutual Funds can be an alternative at 9%–10.5% — with no physical asset pledged and no auction risk. For investors with both gold and MF portfolios, compare both before deciding.
Eligibility Criteria for Gold Loan
Indian citizens who are between the ages of 21 years and 60 years and are farmers, business individuals, salaried employees, and self-employed individuals can avail a gold loan. Certain lenders may provide gold loans to housewives and pensioners as well.
Documents required (standard):
- Aadhaar Card (identity + address proof)
- PAN Card
- 1 passport-size photograph
- Gold jewellery (18K to 22K purity)
No income proof. No salary slip. No bank statement required at most lenders.
Frequently Asked Questions (FAQ)
Q1. Which bank has the lowest gold loan interest rate in 2026? Among public sector banks, Indian Overseas Bank and Central Bank of India advertise starting rates from 7.00%–8.05% under specific schemes. SBI starts at 8.75% for standard gold loans and ~7% for agricultural gold loans. Always verify the current rate at the branch as MCLR-linked rates change frequently.
Q2. Which NBFC has the lowest gold loan rate in 2026? IIFL Finance offers the most competitive NBFC rate starting at 9.24% p.a. — close to private bank rates. Muthoot Finance starts at 10.90% and Manappuram scheme rates start at 9.90% under specific low-LTV conditions.
Q3. What is the maximum LTV ratio for a gold loan in 2026? The LTV ratio is capped at 85% for smaller loans (below ₹2.5 lakh), 80% for mid-sized loans (₹2.5–5 lakh), and 75% for larger loans (above ₹5 lakh). These limits apply to all RBI-regulated lenders.
Q4. Can I get a gold loan without a CIBIL score? Yes. Most banks and NBFCs do not require a minimum CIBIL score for gold loans since the loan is fully secured by the pledged gold. However, some lenders may use your credit score to determine the interest rate for larger loan amounts.
Q5. What happens if I cannot repay my gold loan? If you default, the lender will send reminders and notices. After the grace period, the lender auctions your pledged gold to recover the outstanding amount. Any shortfall is still recoverable from you. Any surplus from the auction is returned to you.
Q6. Is it safe to pledge gold with an NBFC? Reputable NBFCs like Muthoot Finance and Manappuram have secure vaults and insurance on pledged gold. Always ask for a vault certificate and confirm insurance coverage at the time of pledging. Smaller or unregistered NBFCs carry higher risk — stick to RBI-registered lenders.
Q7. What is the minimum gold required for a gold loan? Most lenders require a minimum of 10 grams of gold to process a gold loan. Some smaller NBFCs accept from 1–5 grams. The minimum loan amount ranges from ₹1,500 (Muthoot) to ₹20,000 (SBI).
Q8. Can I get a gold loan online without visiting a branch? Yes — IIFL Finance and Rupeek offer largely digital gold loan processes with doorstep gold pickup. HDFC Bank and ICICI Bank also offer online gold loan applications with home pickup in select cities. SBI and most PSU banks still require a branch visit for gold assessment.
The Bottom Line: Which Gold Loan Should You Choose?
The decision comes down to two things: cost sensitivity and time urgency.
- Cost matters most → SBI or Central Bank of India at 8%–8.75%
- Speed matters most → Muthoot Finance or Manappuram — cash in 30 minutes
- Balance of both → IIFL Finance at 9.24%, same-day digital processing
- Maximum loan amount → HDFC Bank or Kotak — up to ₹1.5 crore
- Farmer → SBI agricultural gold loan at ~7%
Whatever you choose — always ask for the Key Fact Statement (KFS) before signing. Compare the total APR (not just the headline rate), check foreclosure terms, and confirm vault insurance for your pledged gold.
Also read: Complete IPO Calendar July 2026 How to check IPO allotment status
Sources: Official bank and NBFC websites, as of July 11, 2026.