Gold Loan Interest Rates 2026
Compare gold loan rates of banks and NBFCs, see how much you can borrow per gram under RBI’s 2026 loan-to-value rules, and understand repayment options, charges, release of gold and auction rules before you pledge your jewellery.
RBI repo rate 5.25% · Lender rates checked 27 September 2026Gold Loan interest rates — 8 lenders compared
Published starting and maximum rates for each lender. The RBI repo rate is 5.25% after cuts totalling 1.25 percentage points in 2025, so floating-rate loans linked to the repo rate are cheaper than a year ago. The rate you are offered depends on your credit score, income, employer and loan details.
| Lender | Interest rate (p.a.) | Processing fee | Tenure | EMI per ₹1 lakh* | Rates as of |
|---|---|---|---|---|---|
| Indian Bank Jewel LoanPublic sector bank | 8.50% – 9.75% | About 0.25% + GST | Bullet up to 12 months; EMI up to 35 months | ₹8,722 | Jul – Sep 2026 |
| PNB Gold LoanPublic sector bank | 8.95% – 9.25% | 0.30% of loan or ₹500, whichever is higher, + GST | Up to 12 months for bullet/OD (renewable); up to 36 months EMI | ₹8,743 | Feb – Sep 2026 |
| Muthoot Finance Gold LoanNBFC | 9.00% – 22.00% | Service/processing charges vary by scheme; security charge 0.15% (₹100 – ₹1,000) | Up to 12 months (normal schemes) | ₹8,745 | Sep 2026 |
| HDFC Bank Gold LoanPrivate sector bank | 9.10% – 17.86% | Up to 1% of loan + GST; valuation ₹250 – ₹575 | 6 – 42 months (bullet up to 12 months) | ₹8,750 | Sep 2026 (aggregator) |
| SBI Gold LoanPublic sector bank | 9.15% – 10.10% | 0.25% + GST (min ₹250); waived on some bullet variants | 3 – 36 months (bullet up to 12 months) | ₹8,752 | Sep 2026 |
| IIFL Finance Gold LoanNBFC | 9.72% – 27.00% | Up to 2% + GST depending on scheme | Up to 2 years | ₹8,779 | Aug 2026 |
| Axis Bank Gold LoanPrivate sector bank | 9.75% – 17.00% | ₹300 up to ₹2 lakh; 0.50% + GST above ₹2 lakh | 6 months – 3 years | ₹8,780 | Sep 2026 (aggregator) |
| Manappuram Finance Gold LoanNBFC | 9.90% – 23.34% | Processing ₹25 + tax; insurance ₹25 | Short-term; scheme-dependent | ₹8,787 | Sep 2026 |
* At the lowest rate for 1 year. Starting rates go to borrowers with strong credit scores and income; your rate depends on your profile. Sources and dates on each lender page — confirm with the lender before applying.
Gold value & loan calculator
More: EMI calculator · Gold value calculator · Per gram calculator · LTV calculator · Prepayment calculator
Gold loan eligibility per 10 grams today
Based on the 22K rate of ₹14,045/g (24K ₹14,747/g) on 26 September 2026. Lenders use the lower of the 30-day average and previous day’s price.
| Gold pledged | Value | Maximum loan (RBI LTV cap) |
|---|---|---|
| 10 g (22K) | ₹1,40,450 | ₹1,19,383 |
| 20 g (22K) | ₹2,80,900 | ₹2,38,765 |
| 50 g (22K) | ₹7,02,250 | ₹5,26,688 |
| 100 g (22K) | ₹14,04,500 | ₹10,53,375 |
RBI loan-to-value (LTV) rules from 1 April 2026
| Loan amount | Maximum LTV |
|---|---|
| Up to ₹2.5 lakh | 85% |
| Above ₹2.5 lakh up to ₹5 lakh | 80% |
| Above ₹5 lakh | 75% |
- For bullet loans, LTV is calculated on the total amount repayable at maturity (principal + interest).
- Gold is valued at its actual purity using the lower of the 30-day average closing price and the previous day’s closing price (IBJA or a SEBI-regulated exchange).
- Per-borrower limits: gold ornaments 1 kg, gold coins 50 g.
- Applies to all banks, NBFCs and HFCs under RBI’s Lending Against Gold and Silver Collateral Directions, 2025 (in force by 1 April 2026).
Repayment options
| Option | How it works | Best for |
|---|---|---|
| EMI | Pay principal + interest every month | Salaried borrowers who want a fixed plan |
| Bullet | Pay principal + interest at maturity (up to 12 months) | Short-term needs; LTV is computed on total repayable |
| Interest-only + principal at end | Pay interest monthly, principal at the end | Business owners with lumpy cash flow |
| Overdraft | Pay interest only on what you draw | Recurring working-capital needs |
Bank vs NBFC gold loan
| Point | Banks | NBFCs |
|---|---|---|
| Rate | Usually lower (≈8.5% – 10% at PSU banks) | Wider (≈9% – 27%) by scheme |
| Speed | Same day to a few days | Often within 30 minutes |
| Minimum loan | ₹10,000 – ₹25,000 | From ₹1,500 at some NBFCs |
| Documents | KYC; income proof for larger loans | KYC |
| Rules | Same RBI 2026 LTV, valuation, release and auction rules apply to both |
EMI on a gold loan
| Loan amount | EMI @ 9.00% | EMI @ 12.00% | EMI @ 18.00% |
|---|---|---|---|
| ₹1,00,000 | ₹8,745 interest ₹4,942 | ₹8,885 interest ₹6,619 | ₹9,168 interest ₹10,016 |
| ₹3,00,000 | ₹26,235 interest ₹14,825 | ₹26,655 interest ₹19,856 | ₹27,504 interest ₹30,048 |
| ₹5,00,000 | ₹43,726 interest ₹24,709 | ₹44,424 interest ₹33,093 | ₹45,840 interest ₹50,080 |
Tenure 1 years, reducing-balance EMI.
Gold Loan eligibility
- Any individual aged 18 or above (upper age limits vary; often 70–75)
- Owner of gold jewellery or bank-issued gold coins (coins up to 50 g in total)
- Farmers for agri gold loans (land records may be needed)
- For loans above ₹2.5 lakh the lender must assess your repayment capacity (RBI 2026 rule)
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card (mandatory above ₹5 lakh at most lenders; needed for higher amounts)
- Passport-size photograph
- Proof of income for larger loans or EMI loans
- Land records / crop details for agri gold loans
- Proof of ownership of jewellery if asked (purchase bill, declaration)
How to apply
- Visit branch or book onlineCarry your jewellery and KYC; many lenders offer doorstep valuation.
- ValuationThe lender tests purity (karatmeter/acid test), weighs net of stones and values it at the RBI-mandated benchmark.
- Choose schemePick loan amount, rate and repayment — EMI, bullet or overdraft. Read the Key Facts Statement for APR.
- Pledge & signGold is sealed in your presence; you get a pledge receipt with item-wise weight and purity.
- DisbursalMoney goes to your bank account (RBI requires disbursal to the borrower’s account).
RBI rules that protect you
| Protection | What it means for you |
|---|---|
| Key Facts Statement (KFS) | Mandatory for all retail and MSME term loans since 1 Oct 2024; shows the all-inclusive Annual Percentage Rate (APR), EMI schedule and every fee |
| Charges not in KFS | Cannot be levied without your explicit consent |
| Validity | At least 3 working days for loans of 7 days or more — time to compare offers |
| Floating-rate reset (RBI, Aug 2023) | At a rate reset you can choose a higher EMI, a longer tenure (without negative amortisation), switch to fixed rate, or prepay; you get quarterly statements |
Prepayment & foreclosure
| Situation | Rule |
|---|---|
| Floating-rate loans to individuals (non-business) | No prepayment / foreclosure charge — any lender, part or full, from any source of funds |
| Loans sanctioned or renewed from 1 Jan 2026 | RBI (Pre-payment Charges on Loans) Directions, 2025 also bar charges on floating-rate business loans to individuals and MSEs at most banks and large NBFCs; no minimum lock-in |
| Fixed-rate loans | Lender may charge as per the sanction letter and Key Facts Statement |
| Disclosure | Any charge must be shown in the sanction letter, loan agreement and KFS; waived charges cannot be levied later |
Gold Loan guides, calculators & lenders
Rates & lenders
Compare rates, fees and lenders
Calculators
Value, per-gram, LTV, EMI and prepayment
How gold loans work
Eligibility, documents, purity and items
Repayment & closure
EMI, bullet, overdraft, renewal, release
Rules & safety
RBI 2026 rules, auction, insurance, bank vs NBFC
Frequently asked questions
How much loan can I get per gram of gold?
At today’s 22K rate of ₹14,045 per gram (26 September 2026), the RBI cap allows about ₹11,938 per gram for loans up to ₹2.5 lakh (85% LTV), ₹11,236 for ₹2.5–5 lakh (80%) and ₹10,534 above ₹5 lakh (75%). Lenders value at actual purity net of stones, so your figure may be lower.
Which lender offers the cheapest gold loan?
Among lenders we track, Indian Bank (from 8.50%), PNB (8.95%), Muthoot (9.00% with monthly interest), HDFC Bank (9.10%) and SBI (9.15%) have the lowest starting rates.
What happens if I do not repay?
The lender sends notices; if dues remain unpaid it can auction the gold after public notice in two newspapers, at a reserve price of at least 90% of current value. Any surplus after dues must be returned to you.
How fast will I get my gold back?
RBI rules require release within 7 working days of full repayment; if the lender delays, it must pay you ₹5,000 for each day of delay.
Is a credit score needed?
Gold loans are secured, so a low score rarely blocks approval, but lenders must assess repayment capacity for loans above ₹2.5 lakh.
Can I get a gold loan against gold coins or bars?
Only jewellery and gold coins are accepted (coins up to 50 g in total, preferably bank-issued). Loans against bullion/bars, gold ETFs or to buy gold are not allowed.
Rates compiled from lenders’ published rate pages and reputable aggregators (dates on each lender page) for comparison only. FinancePortal is not a lender or financial adviser; confirm terms and read the Key Facts Statement before borrowing.