Gold Loan 2025: The trend of taking loans is rapidly increasing across the country. People take loans from banks for their essential needs. You may have heard a lot about personal loans, car loans, and home loans. But we will tell you about gold loans. While personal, car, and home loans face challenges, gold loans are easily available.
The funds are credited to the account as soon as the gold loan is approved. The number of gold loan customers is growing rapidly. According to a report, the total outstanding gold loan disbursement reached ₹2.94 lakh crore by July 2025, a 122 per cent increase compared to the previous year. There are many banks in India that provide gold loans to people. Find out in detail where you can get a gold loan.
Where to get a gold loan, learn more.e
Many top banks and non-banking financial companies in India are offering low interest rates on gold loans. Currently, interest rates start at 8.3 per cent per annum. We’re going to provide you with information about some banks that offer gold loans, offering lower interest rates. Find out below how much EMI you’ll need to pay for a gold loan of up to ₹5 lakh for one year.
Learn about the banks and the interest rates you’ll have to pay.
State Bank of India offers gold loans at 10% interest. Union Bank of India offers 9.65% interest. Punjab National Bank offers 8.35% interest. Bank of India offers 9.40% interest. Bank of Baroda offers 9.40% interest. Indian Bank offers 8.75% interest. Canara Bank offers 8.90% interest. HDFC Bank offers 9.30% interest.
ICICI Bank offers 9.15% interest. Axis Bank offers 9.75% interest. Bajaj Finserv offers 9.50% interest. Muthoot Finance offers 22.00% interest, and IIFL offers 11.8% interest. Therefore, you’ll need to see who charges the lowest interest rate. This means that most people seek loans from banks that offer the lowest interest rates.
Where can they find cheap gold loans?
Many banks offer excellent options for purchasing gold. However, PNB’s interest rate appears to be the lowest. PNB offers gold loans at just 8.35%. Further, Indian Bank offers gold loans at 8.75% and Kotak Mahindra Bank at 9.00%. Other banks charge higher interest rates.
Whijewellerylry must be pledged?
You may be surprised to know that only 18- to 22-carat jewellery and 24-carat bank-minted coins will be accepted for gold loans. Hairpins, cufflinks, gold watches, gold statues, silver, or mixed jewellery will not be eligible for gold loans.