Top 5 Gold Loan Providers

financing option in India, offering quick access to funds by pledging gold ornaments. With rising gold prices, the loan amount you can secure has increased, making it an attractive choice for immediate financial needs.

Here’s a comparison of the top 5 gold loan providers in India for 2025, based on interest rates and key features.Pluto Money+1Business Today+1The Times of India+1Pluto Money+1

1. Canara Bank

• Interest Rate: Starting from 8.75% per annum
• Loan Amount: ₹1,000 to ₹35 lakh
• Processing Fee: ₹500 to ₹5,000
• Key Features:
  • Competitive interest rates
  • Flexible repayment options
  • Minimal documentationICICI Bank+8NDTV Profit+8CreditMantri+8BankbazaarMoneycontrol

2. State Bank of India (SBI)

• Interest Rate: Starting from 9.00% per annum
• Loan Amount: ₹20,000 to ₹50 lakh
• Processing Fee: 0.50% of the loan amount + GST
• Key Features:
  • Wide branch network
  • Quick disbursal
  • Transparent termsCreditMantri+1Bankbazaar+1Moneycontrol+4The Economic Times+4Moneyview+4NDTV Profit+11Bankbazaar+11CreditMantri+11IIFL Finance+1Bankbazaar+1

3. Bank of Maharashtra

• Interest Rate: Starting from 8.75% per annum
• Loan Amount: ₹20,000 to ₹1 crore
• Processing Fee: No charges for loans up to ₹10 lakh; ₹1,500 to ₹2,000 for higher amounts
• Key Features:
  • No guarantor required
  • PAN card not mandatory
  • Simple application processMoneyview+8Bankbazaar+8Bank of Maharashtra+8MoneyviewBank of Maharashtra+1mint+1

4. ICICI Bank

• Interest Rate: 9.25% to 18.00% per annum
• Loan Amount: ₹50,000 to ₹2 crore
• Processing Fee: Up to 2% of the loan amount
• Key Features:
  • High loan amounts
  • Quick approval and disbursal
  • Flexible tenure optionsNDTV Profit+8CreditMantri+8Bankbazaar+8mint+7ICICI Bank+7Moneyview+7Bankbazaar

5. Muthoot Finance

• Interest Rate: Up to 22% per annum (with 2% rebate if 100% interest is paid monthly)
• Loan Amount: ₹1,500 onwards
• Processing Fee: 0.25% to 1.00% of the loan amount
• Key Features:
  • Extensive branch network
  • Tailored schemes for various needs
  • Quick processing timeThe Economic Times+1Moneycontrol+1BankbazaarMoneyview

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Note: Interest rates and terms are subject to change. It’s advisable to check with the respective banks or NBFCs for the most current information before applying.

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Final Thoughts

Choosing the right gold loan provider depends on your specific needs, such as the loan amount, interest rate, repayment flexibility, and processing time. Public sector banks like Canara Bank and SBI offer competitive rates and reliability, while NBFCs like Muthoot Finance provide quick processing and tailored schemes. Always compare the terms and conditions before making a decision to ensure it aligns with your financial goals.