Gold Loan Interest Rate Today
A gold loan is a secured loan against your jewellery — same-day disbursal, no income proof, only KYC. Rates today start at 8.50% p.a.; the real decision is total cost — rate plus LTV, processing fee and repayment. Use the calculator for your exact limit, then compare lenders.
How much can I borrow?
Bank or NBFC — which is right for you?
- Lowest interest — big savings on larger loans
- Disbursal in 1–2 days
- Best when the loan is ₹2L+ and rate matters most
- Cash in ~30 minutes, same day
- Smallest loans (from ₹1,500) & doorstep
- Best for urgent or small amounts
On a ₹5 lakh loan for 6 months, a 9% bank costs about ₹22,500 in interest versus ₹60,000 at an NBFC’s 24% — roughly ₹37,500 more. If you can wait a day or two, a bank usually wins; if you need the cash now, an NBFC’s speed is worth the premium.
Compare 72 gold loan banks
Tap a lender for its full Key Fact Statement. Rates are indicative — verify before applying.
Compare two banks side by sideRate · per gram · LTV · fees — head-to-headHow much you can borrow depends on loan size
The smaller the loan, the higher the LTV the RBI allows. On ₹1 lakh of pledged gold that is up to ₹85,000 (≤₹2.5L loans), ₹80,000 (₹2.5–5L) or ₹75,000 (above ₹5L).
Interest is charged on a daily reducing balance, bullet-repayment loans are capped at 12 months, and a standardised Key Fact Statement (KFS) is mandatory before you sign.
About gold loan interest rates
How much loan per gram of gold today?
A gold loan is sized off the value of the gold you pledge, not your income. Lenders value your jewellery at the current 22K rate — today ₹13,135 a gram — and lend a percentage of that, the loan-to-value (LTV). At the RBI-2026 maximum 85% LTV, that is about ₹11,165 per gram of 22K gold. Pledge 20 grams and you can raise roughly ₹2,23,300. Check any weight on the gold calculator or against the live gold price today.
Which bank has the lowest gold loan rate?
Today the lowest gold loan rate is 8.50% p.a. Public-sector banks such as SBI and PNB usually lead on rate, while NBFCs charge more but disburse fastest, often within 30 minutes. The compare table above ranks every active lender by starting rate so you can weigh rate against LTV and disbursal speed.
How the RBI 2026 LTV tiers change your limit
The per-gram figure isn't fixed — it steps down as the loan gets bigger. Loans up to ₹2.5 lakh can go to 85% of the gold's value, ₹2.5–5 lakh to 80%, and anything above ₹5 lakh to 75%. So a small loan gives you the most per gram; the same gold pledged for a larger amount raises proportionally less.
Is a gold loan cheaper than a personal loan?
Usually — gold loans run roughly 8–24% p.a. versus 12–36% for personal loans, disburse faster, and need no income proof or credit check. The trade-off is the risk to your pledged gold on default. For short-term needs a gold loan typically wins on cost and speed.
Per-gram loan values are computed from our indicative daily 22K gold rate and the RBI-2026 maximum LTV. Interest rates, fees and tenures shown are indicative and set by each lender at application — confirm before you apply.
Gold loan FAQs
Gold loan by state
Related
Rates are indicative and subject to change — verify with the bank before applying. RatesToday is not a SEBI/RBI-registered advisor and this is not financial advice.