Lowest Interest Rates on Gold Loans:
As gold prices continue to rise in India, gold loans have become one of the most popular and affordable ways to access instant cash. Since gold’s market value has gone up, people are getting higher loan amounts against their jewellery. In 2025, the demand for gold loans in India has increased by 122%, reaching a total value of ₹2.94 lakh crore.
Several banks are now offering gold loans at lower interest rates, making them a better choice for customers who need quick funds. According to the ClearTax report, here are the top 5 banks providing the best deals on gold loans this year:
India’s largest public sector bank offers gold loans starting at 8.75% interest rate. The repayment period can go up to 36 months, and the processing fee is just 0.25% of the loan amount. SBI offers loans ranging from ₹20,000 to ₹50 lakh.
PNB gold loan interest rates begin at 8.35%, with a tenure of up to 12 months. Customers can get loans from ₹25,000 to ₹25 lakh. The processing fee is 0.30% + GST.
This bank charges interest between 8.05% and 8.35% for a 12-month loan period. The processing fee is 0.25% + GST, and the loan amount ranges from ₹10,000 to ₹40 lakh.
BOI gold loans carry an interest rate between 8.60% and 8.75%. The processing fee may go up to ₹1,500, with loan amounts from ₹20,000 to ₹30 lakh.
IOB offers gold loans at 8.20% to 11.60% interest rates for up to 12 months. The loan amount ranges from ₹25,000 to ₹50 lakh, and processing fees vary based on the amount borrowed.
With competitive interest rates and flexible repayment options, these banks are making gold loans more accessible and affordable than ever.
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