A gold loan is one of the fastest and easiest ways to get money in India. By pledging your gold jewellery or ornaments, you can avail instant loans with low interest rates, quick approval, and flexible repayment options.
In 2025, both banks and NBFCs are competing to provide the best gold loan schemes with attractive benefits. But which option is right for you?
This guide covers:
✔ Types of gold loans in India
✔ Best banks & NBFCs for gold loan
✔ Interest rates, EMI, eligibility, and documents
✔ Tips to choose the lowest interest gold loan
✅ Types of Gold Loans in India
1. Instant Gold Loan
- Disbursal within minutes at banks and NBFC branches.
- Loan-to-value (LTV) ratio up to 75–80% of gold value.
👉 Best for emergencies and quick cash needs.
2. Gold Loan Without Income Proof
- No salary slip or ITR needed.
- Only Aadhaar, PAN, and gold ornaments required.
👉 Best for self-employed or rural borrowers.
3. Gold Loan with Lowest Interest Rate
- Some banks (like SBI & Indian Bank) offer loans starting at 7%–9% p.a.
- NBFCs may charge higher rates (10%–18%) but provide faster service.
👉 Best for longer tenure, low EMI seekers.
4. Gold Loan vs Personal Loan
- Gold loans are secured → lower interest.
- Personal loans are unsecured → higher interest.
👉 If you own gold, gold loans are the cheaper option.
5. Online Gold Loan (Digital Gold Loan)
- Offered by banks like HDFC, ICICI via mobile apps.
- You can apply online, pledge gold, and get funds in your bank account instantly.
👉 Best for tech-savvy borrowers who want convenience.
✅ Best Banks & NBFCs for Gold Loan in India (2025)
| Lender | Interest Rate (p.a.) | Loan Amount | Tenure | Special Features |
|---|---|---|---|---|
| SBI Gold Loan | 7.5% onwards | ₹20,000 – ₹50 lakh | Up to 3 yrs | Lowest interest rates, trusted govt. bank |
| HDFC Bank | 9% onwards | ₹25,000 – ₹50 lakh | Up to 4 yrs | Online gold loan facility |
| ICICI Bank | 9% onwards | ₹10,000 – ₹1 crore | Up to 2 yrs | Instant disbursal |
| Axis Bank | 9.5% onwards | ₹25,000 – ₹25 lakh | Up to 3 yrs | Flexible repayment |
| Muthoot Finance | 10% onwards | ₹5,000 – ₹1 crore | Up to 1 yr | Instant approval, doorstep service |
| Manappuram Finance | 10% onwards | ₹1,000 – ₹25 lakh | Up to 1 yr | 24×7 loan facility |
✅ Gold Loan Eligibility Criteria
- Age: 18–70 years
- Gold Quality: 18K–24K jewellery accepted
- Documents: Aadhaar, PAN, address proof
- Loan Value: Based on current gold price & RBI guidelines (max 75% LTV)
✅ Documents Required
- Aadhaar & PAN card
- Passport-size photograph
- Proof of residence (voter ID, driving license, etc.)
- Gold ornaments (to be pledged)
✅ How to Get the Lowest Interest Gold Loan
✔ Compare interest rates across banks & NBFCs.
✔ Check processing fees (usually 1–2%).
✔ Choose a reputed bank/NBFC to avoid hidden charges.
✔ Maintain good repayment history for top-up loans.
✔ Opt for shorter tenure to reduce total interest cost.
✅ FAQs
1. Which bank offers the lowest gold loan interest rate in 2025?
SBI and Indian Bank are offering gold loans starting at 7.5% p.a..
2. How much loan can I get against gold?
Usually up to 75–80% of gold’s market value.
3. Do I need income proof for a gold loan?
No. Only Aadhaar, PAN, and gold ornaments are required.
4. Can I get a gold loan online?
Yes, banks like HDFC, ICICI, and Axis provide digital gold loans.
5. What happens if I fail to repay?
The bank/NBFC may auction your pledged gold after notice.
✅ Conclusion
A gold loan is the fastest way to arrange funds without selling your jewellery. If you want the lowest interest rates, go with SBI or HDFC. If you want quick approval & convenience, NBFCs like Muthoot and Manappuram are better options.