Best Gold Loan Offers in Your City

Gold loan interest rates across Indian banks and NBFCs typically range from around 8.5% to 18% p.a., depending on the lender, your loan amount, and tenure. Sonafin shows you the current gold loan interest rate for all major banks — including SBI, HDFC, ICICI, Canara, Muthoot, and Manappuram — side by side in one table, so you can spot the cheapest option in seconds.

The lowest gold loan interest rate changes as lenders revise their rates, which is exactly why comparing matters. Public sector banks often advertise lower headline rates, while NBFCs offer faster disbursal at a slightly higher rate. Sonafin ranks every lender by their real effective rate — including processing fees and charges — so you see the genuinely lowest gold loan interest rate, not just the lowest advertised one.

To compare gold loan offers properly, look beyond the interest rate at four things: the rate (p.a.), the loan-to-value (LTV) ratio, the processing fee, and foreclosure charges. Sonafin puts all of these in one side-by-side comparison table across 20+ lenders, so you're comparing the full cost of each gold loan — not just the number banks want you to see.

The best bank for a gold loan depends on what you value most — the lowest interest rate, the highest loan amount per gram, or the fastest disbursal. There's no single best lender for everyone, which is why Sonafin lets you compare gold loan rates and terms across all major banks and NBFCs, then highlights the best match for your specific loan amount and gold.

Gold loan interest rates vary because each lender prices risk, funding costs, and processing differently — and many adjust rates based on your loan amount and tenure. A larger loan often gets a lower rate. Because the gap between the cheapest and most expensive lender can be several percentage points, a quick gold loan interest rate comparison on Sonafin can save you thousands over your tenure.