Looking For Gold Loan? Compare Gold Loan Interest Rates Of All Banks At A Glance!

In India Gold is treated as safe heaven asset class, indeed it is treated as an alternative to liquid cash. By Pledging gold ornaments, many financial institutions offers instant loan facility within minutes. So the relation between gold and cash is inter-linked.

Eventoday, Indians prefer to take gold loans as they are easily available and offers higher liquidity. Most of the times, Gold loans helps in fulfilling childs higher education, meet the needs of business expenses, agriculture needs(Farmers)etc.

Such relevance is there for Gold Loan. So if you are looking for gold loan and want to compare interest rates of all lending institutions, check it out here-

Name of the BankInterest Rate(Per Annum)-Depending on the Loan Amount
State Bank Of India7% onwards
HDFC11-16%
Axis Bank13.50-16.95%
ICICI Bank9-19.76%
Kotak Mahindra10-17%
Canara Bank7.35%
Muthoot12-26%
IndusInd Bank11.50-16%
Bank of Baroda9-9.15%
Punjab National Bank7.70-8.75%
Manappuram Finance29%
Bank of Maharashtra7.10%
Union Bank of India9.40-10.15%

Please note that banks charge “Processing Fee’ for sanction of gold loan and it may vary from bank to bank.

Before taking gold loan, enquire about the Processing Fee details of all banks in advance and take decision.

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