Lowest Gold Loan Interest Rates

To get the lowest gold loan interest rates 2021, you must compare the gold loan rates of top lenders. As per the current rates, HDFC Bank provides gold loans at lowest rates starting at 9.50%. Along with that, you must also look out for various other charges such as gold loan processing fee, prepayment charges etc. Here is a list of other banks that offer the lowest gold loan rate of interest.

Low Interest Gold loan Banks with Processing Fee and Prepayment Charges

Bank	Interest Rates	Processing Fees	Prepayment Charges
HDFC Bank ⊕ Compare	9.50%	1% of the loan amount	1%
Manappuram ⊕ Compare	9.90%	₹ 10 (to be paid at time of settlement)	Nil
Yes Bank ⊕ Compare	9.99%	0.48% of loan amount	1%
Fincare Small Finance Bank ⊕ Compare	10.99%	Upto 0.5%	NIL
IndusInd Bank ⊕ Compare	11.50%	Upto 1% of loan amount, minimum ₹ 750	Upto 1% of outstanding amount

If you have a low funds requirement, Federal Bank can be considered the best bank for the bank as it offers the lowest amount of ₹ ₹ 1,000. Apart from short fund requirements, gold loans are also preferred for high value needs. You can get a gold loan of upto ₹ 2 Cr depending upon the amount of gold you have. Some of the popular banks that provide the highest gold loan amount are as follows.

Bank	Min Loan Amount	Max Loan Amount	Interest Rates
Andhra Bank ⊕ Compare	₹ 10,000	₹ 2,00,00,000	7.60% - 9.10%
Federal Bank ⊕ Compare	₹ 1,000	₹ 75,00,000	8.50% - 11.95%
SBI ⊕ Compare	₹ 20,000	₹ 50,00,000	7.30% - 7.50%
HDFC Bank ⊕ Compare	₹ 25,000	₹ 50,00,000	9.50% - 15.00%
Muthoot ⊕ Compare	₹ 1,500	₹ 50,00,000	11.99% - 11.99%

For small term loans, Federal Bank offers gold loan for min loan amount of ₹ 1,000. Andhra Bank provides a maximum gold loan amount upto ₹ 2 Cr for a tenure ranging between 3 months to 12 months.Other than Andhra Bank, other top lenders offering maximum gold loan amount are Federal Bank, SBI, HDFC Bank, Muthoot as per the current rates as on 29 Jul 2021.

A gold loan is available for a tenure ranging between 1 day to 24 months. Presently Manappuram provides gold loan for shortest tenure for 1 day at 9.90%. Other banks which provide gold loans for less than 6 months are as follows.

Bank	Minimum Tenure	Interest Rates
Manappuram	1 day	9.90% - 29.00%
PNB	1 month	8.75% - 9.00%
HDFC Bank	3 months	9.50% - 15.00%
IndusInd Bank	3 months	11.50% - 16.00%
Andhra Bank	3 months	7.60% - 9.10%

With the Bullet Repayment gold loan Scheme, you don’t need to pay the loan amount during your loan tenure. You can pay the entire principal amount of the gold loan and the interest payments at the end of the loan tenure. Interest is however calculated every month. Banks usually provide bullet repayment schemes for shorter loan tenures.

Bank name	Gold loan Interest rate	Tenure
SBI	7.30% - 7.50%	3 months to 36 months
Canara Bank	7.35% - 7.35%	6 months to 12 months
Andhra Bank	7.60% - 9.10%	3 months to 12 months
Federal Bank	8.50% - 11.95%	6 months to 12 months
PNB	8.75% - 9.00%	1 month to 12 months

With the regular EMI option, gold loan borrowers who have cash inflows in the bank accounts can pay monthly EMI, that includes both principal component and interest payments. Some financial institutions also provide an option to pay interest as EMI, and the principal amount of the gold loan is paid at the end of the loan tenure. This scheme is especially popular for longer tenure gold loan schemes with higher loan amounts.

Bank name	Gold loan Interest rate	Processing Fee
PNB	8.75% - 9.00%	0.70% of loan amount + taxes
ICICI Bank	9.00% - 19.76%	1% of the loan amount
Yes Bank	9.99% - 9.99%	0.48% of loan amount
Fincare Small Finance Bank	10.99% - 24.99%	Upto 0.5%
Muthoot	11.99% - 11.99%	0.25% to 1% of loan amount.

Bank Overdraft Scheme allows gold loan borrowers to withdraw the loan amounts up to the specified pre-approved credit limits. Borrowers can repay the loans flexible as per their convenience, and the interest is charged on the utilised portion of the gold loan amount at a given period of time. They can also renew the limit at the end of tenure by paying the processing fees. Some of the banks that offer overdraft facilities that are quite popular with borrowers are as follows.

Bank name	Interest rate	Processing Fee
Federal Bank	8.50% - 11.95%	Nil
PNB	8.75% - 9.00%	0.70% of loan amount + taxes
HDFC Bank	9.50% - 15.00%	1% of the loan amount
Yes Bank	9.99% - 9.99%	0.48% of loan amount

✅Which bank is best for lowest gold loan interest rates?

As per the current rates, HDFC Bank is offering the lowest interest rate on gold loan starting at 9.50% and is one of the best banks for gold loan.

✅Which bank is best for providing gold loans for maximum loan amounts?

Andhra Bank is the best bank to take a gold loan for loan amount upto ₹ 2 Cr.The bank provides a maximum gold loan amount at an interest rate of 9.10% at Nil processing fees .

✅Which bank provides an Overdraft facility against gold loans at the lowest interest rate?

As per the current rates, Federal Bank offers the lowest interest rate on gold loan's overdraft scheme starting at 8.50%.Other low interest gold loan banks that offers overdraft facilities are PNB and HDFC Bank.

✅Which bank provides a gold loan for the shortest tenure?

Presently Manappuram provides gold loan for shortest tenure for 1 day at 9.90%

✅Which bank provides the Lowest gold loan interest rate?

As per the current rates, HDFC Bank provides the lowest interest for gold loan starting at 9.50%. Other banks that offer cheapest gold loan rates are Manappuram,Yes Bank, Fincare Small Finance Bank with 9.90%, 9.99%, 10.99% respectively.

✅Which bank gives the highest gold loan per gram?

As per the current gold rates, Fincare Small Finance Bank provides the highest gold loan per gram. You can check and compare eligibility for the highest gold loan per gram to get the best offers on the current gold loan per gram.