Gold Loan
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📅 June 2026 · ✍️ Karthik, Vijayawada AP · ⏱ 7 min read
Gold Loan Interest Rates 2026 SBI, HDFC, Muthoot, Manappuram Compared
Complete comparison of gold loan interest rates from all Indian lenders in 2026. SBI 8.8% vs Muthoot 11% vs Manappuram 12% — full comparison with per gram loan amount.
Gold Loan Interest Rates — All Lenders June 2026
| Lender | Type | Interest Rate | Processing Fee | Disbursal Time | Max LTV |
|---|---|---|---|---|---|
| SBI Gold Loan | Bank | 8.80% p.a. | 0.50% + GST | Same day | 75% |
| Union Bank of India | Bank | 8.90% p.a. | 0.25% | Same day | 75% |
| Canara Bank | Bank | 9.25% p.a. | ₹500 flat | Same day | 75% |
| Bank of Baroda | Bank | 9.50% p.a. | 0.50% | Same day | 75% |
| HDFC Bank | Private Bank | 9.50% p.a. | 1% + GST | 30 minutes | 75% |
| ICICI Bank | Private Bank | 11.00% p.a. | 1% + GST | 30 minutes | 75% |
| Axis Bank | Private Bank | 9.50% p.a. | 1% + GST | 30 minutes | 75% |
| IIFL Finance | NBFC | 10.50% p.a. | Minimal | 15 minutes | 75% |
| Muthoot Finance | NBFC | 11.00% p.a. | Minimal | 15 minutes | 75% |
| Manappuram Finance | NBFC | 12.00% p.a. | Minimal | 15 minutes | 75% |
Gold Loan per Gram — June 2026
| Gold Purity | Market Rate/gram | Loan at 75% LTV/gram | Loan on 10 grams | Loan on 50 grams |
|---|---|---|---|---|
| 24 Karat | ₹7,480 | ₹5,610 | ₹56,100 | ₹2,80,500 |
| 22 Karat | ₹6,850 | ₹5,138 | ₹51,375 | ₹2,56,875 |
| 18 Karat | ₹5,610 | ₹4,208 | ₹42,075 | ₹2,10,375 |
Calculate your exact loan amount with our Gold Loan Calculator — just enter gold weight and purity.
SBI vs Muthoot vs Manappuram — Complete Verdict
Choose SBI if: You have time (full day), want lowest interest rate (8.8%), have SBI account already, loan amount is large (₹5+ lakh)
Choose Muthoot/Manappuram if: You need money in 15 minutes, no income proof, small loan amount, don't mind slightly higher rate for extreme convenience
Choose HDFC/Axis if: You want bank security with faster processing than SBI, already have account there
Frequently Asked Questions
What is current gold loan rate per gram in SBI? +
SBI gives loan at 75% of gold value. Current 22K gold rate ₹6,850/gram: SBI gives ₹5,138 per gram. For 10 grams of 22K gold: ₹51,375 loan. For 100 grams: ₹5,13,750. Rates update daily with gold market price.
What happens to my gold if I can't repay gold loan? +
Lender sends 3 notices (7-day, 15-day, 30-day) before auctioning gold. You can pay at any time before auction to get gold back. Gold is kept in secure vault during loan tenure. Banks are legally required to return excess auction amount if gold sells for more than outstanding loan.
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📅 June 2026 · ✍️ Karthik, Vijayawada✅ RBI Verified⭐ 4.8/5