Indian Bank Gold Loan Interest Rates 2026
Indian Bank offers gold loans under the scheme of Jewel Loan up to ₹50 Lakhs to the general public, women applicants, and senior citizens at affordable interest rates. The current Indian Bank Gold Loan Interest Rate ranges from 8.50% to 8.80% per annum, and no processing fee is levied. The loan can be used for domestic needs, consumption, family function, medical and other unforeseen expenses.
Current Indian Bank Jewel Loan Interest Rates
The current Indian Bank Jewel Loan Interest Rates in 2026 are:
| Jewel Loan Scheme | Interest Rate |
|---|---|
| Indian Bank Jewel Loan (Non-Priority) | 8.50% - 8.80% p.a. |
| OD against Gold Jewels | 8.50% - 8.80% p.a. |
Indian Bank Gold Loan Per Gram Rate
Indian Bank Gold Loan Per Gram Rate depends on the quality and purity of the pledged gold. Indian Bank offers gold loans up to 75% of the gold’s market value, generally providing around ₹4,000 to ₹5,500 per gram rate based on 22-carat gold purity and current market rates. Jewel loan interest rates range from 8.50% to 8.80% p.a.
Compare Indian Bank Gold Loan Interest Rates with Other Banks
Below is the comparison of the gold loan interest rate in Indian Bank with the gold loan interest rates of other top banks in India:
| Bank | Interest Rate (p.a.) |
|---|---|
| Indian Bank | 8.50% - 8.80% |
| HDFC Bank | 9.10% - 19% |
| SBI | 8.70% - 9.95% |
| ICICI Bank | 8.75% - 16.65% |
| Axis Bank | 9.75% - 17% |
| PNB | 8.50% - 9% |
| Bank of Baroda | 9% onwards |
| Kotak Mahindra Bank | 8.50% to 18% |
| IndusInd Bank | 10.06% onwards |
| Federal Bank | 8.15% onwards |
| Canara Bank | 8.80% onwards |
Factors Affecting the Indian Bank Jewel Loan Interest Rate
Below are some of the key factors affecting Indian Bank gold loan interest rates:
- Loan-to-Value (LTV): The LTV ratio indicates your borrowing capacity against the pledged gold's market value. A higher LTV means a larger percentage of your gold's value can be borrowed and a higher interest rate because of higher risk for the lender.
- Purity & quality of gold: The purity of gold (which is measured in karats) and its weight are two crucial factors deciding your gold loan interest rates. While 22K gold provides a higher valuation, 18K gold will provide a lower value for your gold.
- Current market price of gold: The market rate for gold affects the value of the collateral and the interest rate on a gold loan.
- Quantity of gold to be pledged: A 20-gram gold ornament can get you a higher amount and better interest rates than an Indian Bank gold loan for 8 rram rate.
- Loan amount & tenure: Applying for a smaller loan amount or shorter tenure may have different interest rates than larger loan amounts and longer tenure loans.
- Borrower’s profile: A high credit score or a healthy relationship with the bank can fetch you more favourable interest rates.
- Repayment frequency: The frequency of repayments, such as monthly/ quarterly,/ annually interest payments, can also affect the overall interest cost.
- External benchmarking: Banks frequently link their gold loan interest rates to external benchmarks such as the RBI’s repo rate.
FAQs
The gold loan rate of interest in Indian Bank ranges from 8.50% to 8.80% p.a.
Currently, the Indian bank gold loan per gram interest rate is 8.50% to 8.80% p.a.
The Indian Bank jewel loan interest rate is floating.
No, Indian Bank jewel loan interest rates vary based on the specific loan scheme, amount required, purpose (agricultural or non-priority), and the borrower's profile.
You can get up to 75% of the market value of your pledged jewels or the per-gram advance value of jewels, whichever is lower.
Yes, Indian Bank offers special interest rates for agricultural gold loans (under the scheme of Agri Jewel Loan).
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
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