Best Gold Loan Company in India with Lowest Interest Rates

The best gold loan company depends on your needs and convenience. Some lenders offer low interest rates, higher loan amounts, digital processes, or better services. For the lowest interest rates, banks are ideal, whereas NBFCs and digital lenders may offer relaxed terms, such as zero- or minimal-documentation requirements. Choosing the best gold loan provider from the gold loan finance company list requires you to look for affordable interest rates, minimal processing fees, a higher LTV ratio, and a faster turnaround time.

Top 5 Gold Loan Company in India

Here are the top 5 gold loan companies in India:

Top 10 Gold Loan Company in India: Detailed Review

Below is the list of top 10 gold loan companies in India in 2026, along with their feature details:

1. SBI

• Loan amount: Minimum ₹20,000 (₹5 Lakhs for Overdraft Product)
• Interest rate: Among the gold loan company list, SBI offers the most affordable interest rates ranging from 8.70% to 9.95% p.a.
• Tenure: 6 to 36 months
• Margin: 26% to 35%
• Security: Pledge of gold ornaments duly verified for quality and quantity.
• Processing fee: ₹200 to ₹10,000 + applicable GST.

2. HDFC Bank

• Loan amount: Starts from ₹25,000.
• Interest rate: 9% to 19% p.a.
• Tenure: 6 to 42 months
• Processing fee: Maximum 1% of disbursal amount + applicable taxes.
• Repayment types: Term Loan, Overdraft, and Bullet repayment methods. 
• Nil foreclosure charges: For MSE Loans ≤ ₹50 Lakhs. 

3. Kotak Mahindra Bank

• Loan amount: ₹50,000 to ₹1.5 Crores. You can avail a loan of up to ₹25 Lakhs without income documents. 
• Interest rate: Ranges from 9% to 22% p.a. For loan amounts above ₹8 Lakhs, 0.88% fixed interest rate per month is applicable with a tenure of more than 12 months. 
• Tenure: Ranges from 12 to 36 months.
• Processing fee: Up to 2% of the loan amount + applicable GST.  

4. IndiaGold

• Loan amount: ₹10,000 up to ₹50 Lakhs. 
• Interest rate: Starting at 0.76% per month (9.12% to 24% p.a.). For the Fixed Interest Scheme, the interest rate starts at 1% per month and remains fixed throughout.
• Tenure: 61 days to 12 months.  
• Processing fee: 0% to 0.50% of the loan amount + applicable GST. 
• LTV ratio: Up to 75% of the gold's current market value. 

5. Rupeek

• Loan amount: ₹30,000 to ₹1 Crore. 
• Interest rate: Starting at 0.79% per month (9.48% p.a.).
• Tenure: 3 to 36 months. 
• Processing fee: Up to 2% of the loan amount.
• LTV ratio: Up to 90% of the gold value.  

6. Oro Money

• Loan amount: Minimum ₹3,000 and maximum up to ₹1.5 Crores. 
• Interest rate: Starting at 0.83% per month (9.90% p.a.). 
• Tenure: Up to 6 months. 
• Processing fee: Nil.
• Foreclosure charges: Nil. 
• LTV: Up to 75% of pledged gold's market value.

7. Muthoot Fincorp

• Loan amount: ₹1,000 onwards.
• Interest rate: Starting at 9.95% p.a.
• Tenure: Up to 12 months. 
• Processing fee: ₹25 to ₹1,000, depending on scheme type.
• LTV: Based on gold’s purity, reference price, net weight, and scheme type. 

8. Capri

• Loan amount: ₹3,000 to ₹30 Lakhs, depending on the purity of the gold, its weight, and the prevailing market rates. .
• Interest rate: 11.50% to 29.75% p.a.
• Tenure: 12 to 24 months. 
• Processing fee: 0% to 0.25% of the loan amount + GST. 

9. DBS Bank

• Loan amount: ₹25,001 to ₹50,00,000.
• Interest rate: 12% to 13.25% p.a.
• Tenure: 6 to 36 months.  
• Processing fee: Up to 0.50% of the loan amount + applicable taxes, subject to a maximum of ₹2 500 per limit. 
• Prepayment charges: 2% of the loan amount + applicable taxes (for fixed rate loan) 
• Repayment options: Monthly Interest, Quarterly Interest, EMI, EQI, Bullet and OD. 

10. Manappuram Finance

• Loan amount: ₹1,000 to ₹1.5 Crores. 
• Interest rate: 9.90% to 24% p.a. 
• Tenure: Up to 12 months. 
• Processing fee: ₹30 (inclusive of tax).

How to Choose the Best Gold Loan Company

Below are some tips to help you choose the top gold loan companies in India:

• Look for a lender that offers a digital application process for a smooth disbursal.
• Check interest rates of all top gold loan providers in India and choose the best gold loan bank in India that offers the lowest rate.
  Check the processing fee applicable on the loan. Some lenders may even offer a gold loan with zero processing fee.
• Make sure you get the highest Loan-to-Value (LTV) ratio. The LTV ratio determines how much amount you get per gram of gold pledged. The RBI allows lenders to offer a maximum of 75% of your gold's value.
• Look out for hidden charges like prepayment penalties, appraisal and foreclosure charges, as they can drastically increase the overall borrowing cost. 
• Choose a lender that is authorised by the Reserve Bank of India (RBI).
• Your pledged gold item should be kept in a safe, highly guarded vault and must be insured for the entire loan tenure.
• Choose a lender that provides repayment mode as per your convenience, such as standard EMIs, Bullet Repayment, or Overdraft Facility.