Gold has always been a trusted asset in Indian households. Beyond being a symbol of wealth, it acts as a financial backup during emergencies. With rising living costs and quick cash requirements, gold loans in India have become one of the most popular borrowing options.
Banks and NBFCs (Non-Banking Financial Companies) provide gold loans at competitive interest rates, secured against your jewelry, coins, or ornaments. But the big question is: Which lender offers the best gold loan interest rates in India in 2025?
This detailed guide will cover:
- The lowest gold loan interest rates in India
- Comparison of leading banks and NBFCs
- Eligibility, documentation, and repayment options
- Real-world case studies and FAQs
By the end, you’ll know how to pick the right gold loan that saves money while offering quick access to funds.
1. Best Gold Loan Interest Rates in India
In 2025, the best gold loan interest rates in India start from 7% p.a. depending on the bank, NBFC, loan amount, and repayment tenure. Generally:
- Public sector banks offer lower rates but take more time.
- NBFCs like Muthoot and Manappuram provide instant approvals with flexible terms.
2. SBI Gold Loan Interest Rate 2025
SBI offers secured gold loans under the SBI Gold Loan Scheme.
- Interest Rate: 7.50% – 8.90% p.a.
- Loan Amount: ₹20,000 – ₹50 Lakhs
- Tenure: 3 months – 3 years
- Processing Fee: 0.5%
3. HDFC Bank Gold Loan Interest Rate 2025
HDFC is known for its fast disbursal process.
- Interest Rate: 7.99% – 9.50% p.a.
- Loan Amount: ₹25,000 – ₹50 Lakhs
- Doorstep loan service available in select cities
4. ICICI Bank Gold Loan Interest Rate 2025
ICICI offers multiple repayment schemes for borrowers.
- Interest Rate: 8% – 10% p.a.
- Loan Amount: ₹10,000 – ₹1 Crore
- Repayment: EMI or bullet repayment option
5. Axis Bank Gold Loan Interest Rate 2025
Axis Bank provides competitive gold loan rates with flexible tenure.
- Interest Rate: 8% – 10.5% p.a.
- Loan Amount: Up to ₹25 Lakhs
- Tenure: 6 months – 3 years
6. Muthoot Finance Gold Loan Interest Rate
Muthoot Finance is India’s largest NBFC for gold loans.
- Interest Rate: 7% – 12% p.a. (scheme-based)
- Loan Amount: ₹5,000 – ₹1 Crore
- Special offers for women and farmers
7. Manappuram Gold Loan Interest Rate
Manappuram is another NBFC giant specializing in gold loans.
- Interest Rate: 7.5% – 12.5% p.a.
- 24×7 online repayment facility
- Minimal documentation required
8. Federal Bank Gold Loan Interest Rate
Federal Bank provides customized schemes for farmers and salaried individuals.
- Interest Rate: 8% – 10% p.a.
- Loan Amount: Up to ₹1.5 Crore
- EMI and overdraft facilities available
9. Punjab National Bank Gold Loan Interest Rate
PNB offers affordable loans with flexible repayment.
- Interest Rate: 7.90% – 9.50% p.a.
- Loan Amount: ₹25,000 – ₹25 Lakhs
- Special agricultural loan schemes
10. Canara Bank Gold Loan Interest Rate
Canara Bank provides multiple schemes based on the borrower profile.
- Interest Rate: 7.65% – 9.25% p.a.
- Tenure: Up to 2 years
- Loan for both personal and agricultural needs
11. Lowest Gold Loan Interest Rate in India
Currently, SBI, PNB, and Canara Bank are offering the lowest gold loan rates in India starting at 7–7.5% p.a.
12. Gold Loan Eligibility Criteria in India
Basic requirements:
- Age: 18 – 70 years
- Ownership of gold jewelry/ornaments (18–24 carat)
- Stable repayment capacity
- No strict CIBIL score requirement
13. Gold Loan EMI Calculator India
Before applying, use a gold loan EMI calculator. Example:
- Loan Amount: ₹2 Lakhs
- Tenure: 12 months
- Interest: 8% p.a.
- EMI: ~₹17,300
14. Compare Gold Loan Offers Online
Websites like BankBazaar, PaisaBazaar, and PolicyBazaar allow borrowers to compare offers instantly.
15. Gold Loan for Emergency Cash in India
Gold loans are the fastest way to arrange emergency funds for:
- Medical needs
- Wedding expenses
- Education
- Business expansion
16. Best Bank for Gold Loan in India
In 2025, the best banks/NBFCs for gold loans are:
- SBI (Lowest interest)
- HDFC (Fastest processing)
- ICICI (Flexible repayment)
- Muthoot Finance (High loan amount)
- Manappuram (Minimal documentation)
17. Gold Loan vs Personal Loan in India
- Gold Loan: Lower interest, secured against jewelry, quick approval.
- Personal Loan: Higher interest, unsecured, based on CIBIL score.
👉 Verdict: For emergency funds, gold loans are cheaper and faster.
18. Government Gold Loan Schemes India
Schemes like Agricultural Gold Loan offer subsidized interest rates for farmers. Some state governments also collaborate with banks for special offers.
Case Studies / Examples
Example 1:
Suresh, a shop owner in Chennai, pledged his gold with Muthoot Finance and received ₹10 Lakhs in 30 minutes at 8.5% interest.
Example 2:
Priya, a salaried employee in Delhi, opted for SBI Gold Loan at 7.5% to manage wedding expenses and saved money compared to a personal loan.
FAQs on Best Gold Loan Interest Rates
Q1. Which bank gives the lowest gold loan interest rate in India?
👉 SBI, Canara Bank, and PNB offer loans starting from 7–7.5% p.a.
Q2. Can I get a gold loan without CIBIL score?
👉 Yes, gold loans are secured and don’t require a high CIBIL score.
Q3. What is the maximum loan amount I can get?
👉 Up to ₹1.5 Crores depending on gold value.
Q4. Can I repay a gold loan early?
👉 Yes, most banks allow foreclosure with minimal charges.
Q5. Is gold loan safe?
👉 Yes, banks and NBFCs ensure safe storage and full insurance of pledged gold.
Conclusion
The best gold loan interest rates in India 2025 start as low as 7% p.a. with SBI, PNB, and Canara Bank. For instant approvals and higher loan amounts, NBFCs like Muthoot Finance and Manappuram are great options. Always compare offers, check EMI calculators, and read repayment terms before pledging your gold.
