Get instant gold loan in India.
image image Apply online gold loan in India. Apply online gold loan in India.

GOLD LOAN

Apply for Gold Loan in Eazy Bank Loan

A gold loan is a loan against gold. To avail of this loan, one has to deposit the gold jewelry or coins as security with a bank providing the loan. The bank after examining the gold provides a loan amount to the customer as per the market value of gold. Even when your earning is not stable and you don’t own any property, you can avail of loans at lower interest rates. The gold loan interest rates lie between 10%-12% which is lower than the interest rates of other types of loans. One can fulfill their exorbitant emergency expenses by pledging their gold jewelry or coins. Customers can also apply for loans from non-banking financial institutes to arrange funds for their startups.

Compare & Apply Best Gold Loan Loan Online

The different banks provide different loan amounts, interest rates, and tenure. As a customer, you need to check, compare, calculate the EMIs and then apply for a gold loan online. Various banks offer different gold loan rates. Get the Best Gold Loan in India with a low-interest rate. You can get up to Rs.1.5 crore by keeping your gold as collateral and repayment tenure between 3 months to 3 years which depends on the loan scheme you opt for. Once you choose the bank, you can easily apply for the loan on the Eazy bank loan platform.

Bank Interest Rate Processing Fee Tenure
SBI Gold loan Apply Online. 7.50% 0.50% of the loan amount, minimum-₹ 500 36 months Apply
Andhra bank Gold loan Apply Online. 10.70% Nil processing fees 12 months Apply
Axis bank Gold loan Apply Online. 13.00% 1% plus GST 24 months Apply
Punjab national bank Gold loan Apply Online. 8.75% 0.70% of loan amount + taxes 12 months Apply
Manappuram bank Gold loan Apply Online. 9.90% - 29.00% ₹ 10 (to be paid at time of settlement) 12 months Apply
IndusInd bank Gold loan Apply Online. 10.00% Upto 1% of loan amount, minimum ₹ 750 12 months Apply
Canara bank Gold loan Apply Online. 7.65% 1% of the loan amount, Min ₹ 1,000 and Max ₹ 5,000 12 months Apply
Muthoot Finance Gold loan Apply Online. 11.99% 0.25% to 1% of loan amount. 36 months Apply
HDFC Bank Gold loan Apply Online. 9.50% 1.50% of the loan amount 24 months Apply
Federal Bank Gold loan Apply Online. 8.50% Nil 12 months Apply
ICICI Bank Gold loan Apply Online. 10.00% 1% of the loan amount 12 months Apply
IIFL Gold loan Apply Online. 12% Nil 11 months Apply
Yes Bank Gold loan Apply Online. 9.99% 0.75% or ₹ 500 to 799, whichever is higher 36 months Apply

Calculate Your Gold Loan Interest Rate

Calculate your gold loan interest rate and Gold Loan Equated Monthly Installments (EMIs) by using a gold loan EMI calculator. The gold loan calculator can help you save your time by giving an exact calculation by adding the current gold prices. You can adjust your monthly budget and pay your loan EMIs with ease. All you need to do is add your details like bank name, type of loan, loan amount, interest rate, and loan tenure and within a few seconds, you will get the results.

Enter Loan Information

Select Bank Name:
Loan Amount: *
Annual Interest Rate: *
Loan Tenure(Year): *

Best Banks in India to Provide Gold Loan in lowest interest rate

There are many banks in India that are offering gold loans by keeping gold jewelry and coins from customers as a security deposit and offering the lowest gold loan interest rate. These loans are for short to the medium duration and processed at very little time. Here is the list of banks and their features to help you choose the right bank to avail of gold loans.

HDFC Gold Loan

Key Highlights
  • Loan Interest rate: 9.50% - 17.10%
  • Loan Amount: ₹ 25,000 to ₹ 50 Lakh
  • Loan tenure: 3 months to 24 months
  • Processing Fee: 1.50% of the loan amount
  • Prepayment Charges: Nil after 3 months.
  • Foreclosure Charges: Nil after 3 months
  • Lowest EMI Per Lakh: ₹ 4,591 per lakh
  • Loan to Value ratio: 85% calculated on the net weight of gold in your jewelry.
HDFC Bank Instant online gold loan, Apply Now.
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SBI Bank Instant online gold loan, Apply Now.
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SBI Gold Loan

Key Highlights
  • Loan Interest rate:7.50%
  • Loan Amount: ₹ 20,000 to ₹ 20 Lakh
  • Loan tenure: 3 months to 36 months
  • Processing Fee: 0.50% of the loan amount, minimum Rs. 500
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 3,111 per lakh
  • Loan to Value ratio: 75%

Axis Bank Gold Loan

Key Highlights
  • Loan Interest rate:7.45%
  • Loan Amount: Rs.25,000 to 25 lakhs
  • Loan tenure: 3 months to 3 years
  • Processing Fee: 0.5% plus GST as applicable
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil For >6 Months
  • Lowest EMI Per Lakh:₹4,754
  • Loan to Value ratio: Up to 75%
Axis Bank Instant online gold loan, Apply Now.
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canara Bank Instant online gold loan, Apply Now.
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Canara Bank Gold loan

Key Highlights
  • Loan Interest rate: 7.65% onwards
  • Loan Amount: Rs. 10,000 to ₹ 10 Lakh
  • Loan tenure: 12 months
  • Processing Fee: 1% of the loan amount, Min Rs. 1,000 and Max Rs. 5,000
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 8,683
  • Loan to Value ratio: Up to 75%

Yes bank Gold Loan

Key Highlights
  • Loan Interest rate: 9.99% onwards
  • Loan Amount: 0.75% or Rs 500 to 799, whichever is higher
  • Loan tenure: 6 months to 36 months
  • Processing Fee: 1.50% of the loan amount
  • Prepayment Charges: 1%
  • Foreclosure Charges: 1%
  • Lowest EMI Per Lakh:₹ 3,226 per lakh
  • Loan to Value ratio:85%
Yes Bank Instant online gold loan, Apply Now.
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ICICI Bank Instant online gold loan, Apply Now.
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ICICI Bank Gold Loan

Key Highlights
  • Loan Interest rate: 10.00% onwards
  • Loan Amount: ₹ 10,000 to ₹ 15 Lakh
  • Loan tenure: 6 months to 12 months
  • Processing Fee: 1% of the loan amount
  • Prepayment Charges: 1% of loan outstanding
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 8,792
  • Loan to Value ratio:75%

Federal bank Gold Loan

Key Highlights
  • Loan Interest rate: 8.50% onwards
  • Loan Amount: ₹ 1,000 to ₹ 75 Lakh
  • Loan tenure: 6 months to 12 months
  • Processing Fee: Nil
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 8,722
  • Loan to Value ratio:75%
Federal Bank Instant online gold loan, Apply Now.
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IndusInd Bank Instant online gold loan, Apply Now.
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Indusind bank Gold Loan

Key Highlights
  • Loan Interest rate: 10.00% onwards
  • Loan Amount: ₹ 10 Lakh
  • Loan tenure: 12 months
  • Processing Fee: Upto 1% of the loan amount
  • Prepayment Charges: Upto 1% of the outstanding amount
  • Foreclosure Charges: Upto 1% of the outstanding amount
  • Lowest EMI Per Lakh:₹ 8,792
  • Loan to Value ratio:75%

Andhra Bank Gold Loan

Key Highlights
  • Loan Interest rate: 10.70%
  • Loan Amount: ₹ 2 Cr
  • Loan tenure: 12 months
  • Processing Fee: Nil
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 8,824
  • Loan to Value ratio:Up to 75%
Andhra Bank Instant online gold loan, Apply Now.
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Punjab National Bank Instant online gold loan, Apply Now.
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Punjab National Bank

Key Highlights
  • Loan Interest rate: 8.75% per annum
  • Loan Amount: ₹ 10 Lakh
  • Loan tenure: 12 months
  • Processing Fee: 0.70% of loan amount + taxes on gold loan
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 8,734
  • Loan to Value ratio:Up to 75%

Muthoot Gold Loan

Key Highlights
  • Loan Interest rate: 11.99% onwards
  • Loan Amount: ₹ 50 Lakh
  • Loan tenure: 36 months
  • Processing Fee: Nil
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 3,321
  • Loan to Value ratio:Up to 75%
Muthoot Instant online gold loan, Apply Now.
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Manappuram Instant online gold loan, Apply Now.
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Manappuram Gold Loan

Key Highlights
  • Loan Interest rate: 12.00% - 29.00%
  • Loan Amount: ₹ 1,000 to ₹ 1 Cr
  • Loan tenure: 1 day to 12 months
  • Processing Fee: Rs. 10
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 8,885 per lakh
  • Loan to Value ratio:75%

Fincare Small Finance Bank

Key Highlights
  • Loan Interest rate: 12.99% onwards
  • Loan Amount: ₹ 5,000 to ₹ 40 Lakh
  • Loan tenure: 3 Months to 9 Months
  • Processing Fee: Upto 0.5%
  • Prepayment Charges: Nil
  • Foreclosure Charges: Nil
  • Lowest EMI Per Lakh:₹ 11,721 per lakh
  • Loan to Value ratio:90%
Fincare small finance bank Instant online gold loan, Apply Now.
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Check Your Gold Loan Eligibility before Applying

Gold loan eligibility age Occupation Gold articles Gold Purity LTV Ratio
18 -75 years Anyone who is salaried or self-employed, businessman, Farmer, or Trader Ornaments, jewelry, coins 18k, 22k, 24k 65% to 90%
Check your gold loan eligibility.

Loan against Gold Scheme

EMI Gold Loan Scheme

Bullet Repayment Scheme

How to Get the Best Gold Loan in India

  • Check the interest rates of all banks in the range of 9% to 12%.
  • Compare the processing fees ( Andhra bank and federal bank offers the lowest processing fees)
  • Check for the additional charges and opt for the one with the lowest charges.

Easy Bank Loan Gold Loan Process

Here are the steps to follow to avail Gold loan:
  • Visit the bank’s or NBFCs mobile application or official website and fill their application form.

  • Visit your lender to deposit the gold articles.

  • Register at the lender’s customer portal or application.

  • Link your bank account with the portal/application.

  • The loan amount will be disbursed into your bank account.

Documents for Gold Loan

If you have the required documents, you can avail of the loan easily by submitting the documents from any banks or NBFCs.

Your Identity Proof like your Passport Copy/PAN/ Aadhaar Card/ Voter’s ID. Your Address Proof like your Rent agreement/residence certificate/utility bills Passport size photographs
Documents for gold loan.

Tips Keep in Mind While Applying for Gold Loan

Here is the list of factors that one must consider before applying for a Gold loan in India:

  • Lender’s credibility:
    Before giving your loan to the lender, one must check their authenticity. There are many situations when the lenders don’t return the gold, even after getting the full loan amount. Check the lender’s reviews and always choose the lender from a public/ private bank or Non-Banking Financial Companies (NBFCs).

  • The amount of loan:
    Never choose a lender in a hurry. Different banks offer different interest rates. Always compare and choose the one which has a lower interest rate.

  • The tenure of loan:
    The tenure to repay the gold loan is short that is within 12- 48 months. Choose the tenure according to your repayment capacity.

  • The amount of loan:
    Always check the loan-to-value ratio before applying for a loan. No lender provides 100% of the loan amount on the basis of your gold value.

  • Modes of repayment:
    Always check the methods of loan repayment.

  • Security needed:
    Check whether you are getting any kind of insurance or safety for your property.

FAQs on Gold Loan

In simple terms, a gold loan is a loan provided in lieu of gold for a specific period of time. The borrower needs to pay the loan amount along with the interest within the tenure period.

Anyone having gold jewelry or coins can apply for the loan. They can be of different professions like a trader, farmer, salaried employee, or self-employed. The age limit for the loan lies between 18-60 years of age.

Here is the list of documents that you need to deposit:

  • Completely filled Application form
  • Two Passport size Photographs
  • Your ID proof like Pan card and Aadhaar Card

You can easily calculate the gold loan interest rate by using the online gold loan calculator.

You can use eazy bank loan online EMI calculator. If you calculate the EMIs manually, you can commit mistakes, so it’s better that you use an Online calculator for ease and convenience. You can calculate the interest rate, the loan amount, and the loan tenure.

It can spoil your record and will be reflected on your credit score. Your loan provider can report this to the credit bureaus and your CIBIL score will be hampered.

Yes, there is an option available for people to apply for a gold loan with a co-applicant like a spouse or parents.

With the help of Eazybankloan, you will be able to choose the right bank for you and we will help you to connect with banks offering loans. You can avail loans quickly due to the quick disbursement of gold loans that is within 1-2 hours.

Gold Loans amount ranges in between Rs 10,000 to a maximum of Rs. 15 Lakhs per customer.