Which finance is better for a gold loan

Which finance is better for a gold loan with low interest in India.

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@Priya123 No one is not good if you are a borrower , because all are in the same lending track as interest % :sleepy: for loan , every lender try to suck the borrower blood as much as they can :face_with_symbols_over_mouth:, don’t go for any loan , all Loans will give a sleepless :sleeping: night for borrower , every quarter is a party :plate_with_cutlery: :cup_with_straw: in Lender office


If the capital requirement is low(Rs 2.00 lakhs and under) you can pledge with any PSU bank under Agri scheme. They charge a simple interest of 7-9% depending on the bank.

Canara bank is nice for gold loan, safer than your local money lenders.


Please check the website and you will get the rates. I have copied some data from banknkbazar.com

|ICICI Gold Loan |10% p.a. - 19.76% p.a.|Rs.10,000 to Rs.1 crore |
|Axis Bank Gold Loan |12.50% p.a.to 17.50% p.a.|Rs.25,001 to Rs.25 lakh |
|HDFC Gold Loan |9.50% p.a. to 17.15% p.a.|Rs.10,000 onwards |
|Canara Bank Gold Loan |7.65% p.a. |Rs.5,000 to Rs.20 lakh |
|Muthoot Gold Loan |12% p.a. to 27% p.a. |Rs.1,500 onwards |
|SBI Gold Loan |7.50% p.a. onwards|Rs.20,000 to Rs.50 lakh |
|Kotak Mahindra Gold Loan |10.00% p.a. - 17.00% p.a.|Rs.25,000 to Rs.50 lakh |
|IndusInd Bank Gold Loan |10.50% p.a. - 16.00% p.a.|Up to Rs.10 lakh |
|Manappuram Gold Loan |Up to 29% |Up to Rs.1.5 crore |
|Bank of Maharashtra Gold Loan|7.35% p.a.|Up to Rs.20 lakh|
|PNB Gold Loan|8.75% p.a. to 9.00% p.a.|Rs.25,000 to Rs.10 lakh |
|Bank of Baroda Gold Loan|9.1% p.a. - 9.25% p.a.|Up to Rs.25 lakh |

There is a similar post by you on Gold loan. Reply was also given in that post

Who is eligible for a gold loan?

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Hi, if loan is less than 2 Lacs, go to any PSBank, int rate is 7% p.a. u will get refund GOI subsidy 3% next FY if loan availed under agri segment. No hidden charges. Only drawback, it will be time consuming. Repayment will be one year. Possibility of roll over is there by paying only interest portion.

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The best gold loan finance companies in India are listed below.

  1. Manappuram Finance
  2. Federal Bank
  3. Bank of Baroda
  4. SBI

+1 for 1 & 2.
Also, check out Muthoot Finance Gold Loans.