Best Gold Loan Company In India

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In India, there are some banks that are providing the best services for gold loans to their borrowers. these banks are availing their borrowers of every class. these are the trusted brands for applying for a gold loan by which you can borrow the money by pledging your gold stuff as collateral with the bank. Pledging your gold is the simplest and easiest way to secure your money to meet a short-term requirement.

Here is the list of top gold loan company in India 2021:

  1. HDFC Bank
  2. Axis Bank
  3. State Bank of India
  4. Manappuram Finance
  5. ICICI Bank
  6. Punjab National Bank
  7. Muthoot Finance
  8. Federal Bank
  9. Yes Bank
  10. Punjab & Sind Bank

#1.HDFC Bank

The HDFC was founded in 1994. HDFC Bank is one of the largest private sectors of India bank by assets. It’s main headquarter is in Mumbai, Maharashtra. It provides financial services products. HDFC provides the best schemes for the gold loan. You can get the gold loan starting from the minimum amount of Rs 25,000.

Latest Invest Rates: The interest rate is a minimum of 9.90% and a maximum per annum.


  • The processing is quick and easy.
  • The documentation process is not complex. It is easy and straightforward.
  • There are no hidden charges, all the process has transparency to the borrower.
  • It provides the minimum amount of loan to their borrowers.
  • This is a trustable bank for the security of your gold.
  • Loan tenure is from 3 months to 2 years.
  • This bank especially facilitates the formers. If the loan is borrowed for an agricultural purpose, this bank will lower the interest rate.
  • Anyone with any income range can apply for a gold range. There is no salary restriction.
  • The bank charges the borrower up to 0.05% of the unique principal debt in the event of Gold Loan Foreclosure.

#2.Axis Bank

Axis Bank is an Indian private bank founded in 1993. It’s main headquarter is in Mumbai, Maharashtra.  It has above 4800 total branches. Axis Bank offers Gold Loans on same-day disbursals amount paid by cheque or online transfer your account. In all, the bank promises quality, transparency, and superior customer services with its Gold Loan products.

Latest Interest Rate: Interest rate starts from 7.0% per annum.


  • There is less processing fee.
  • The processing is easy.
  • The documentation is also simple.
  • The interest rate is not higher.
  • The bank takes good care related to the security of gold.

#3. State Bank of India

State Bank of India is a multinational company of India. SBI Bank was founded in 1955. It provides public sector banking and also financial services.  The main headquarter of SBI is in Mumbai, Maharashtra. This bank provides services worldwide. It has a total of 22,141 branches and 58,555 ATMs that are running. SBI also offers gold loans very good rate of interest and good customer service.

Latest Interest Rate: Interest rate starts from 7.30% per annum.


  • They give the maximum 50 Lakh amount gold loan.
  • They avail their borrower with a low processing fee.
  • They assure the security of your gold.
  • Documentation is simple.
  • Their processing is fast.

#4. Manappurum Finance

Manappurum Finance is a financial service company founded in1949. Its headquarters are inValappad, Thrissur, Kerala in India. It is a public listed company NES or BSE with 3,200 branches, Manappuram Gold is a well establish gold finance copmany in India.

Latest Interest Rate: Interest Rate of this bank is 12.00% per annum.


  • It allows the prepayments of jewels loans with zero prepayments.
  • This company offers the lowest EMI.
  • Loan tenure for gold loans is from 1 day to 12 months.
  • Their processing is easy and approachable to everyone.
  • Their documentation is also simple.
  • The processing is quick.
  • They need no verification of incomes.

#5.ICICI Bank

ICICI Bank is a private financial institution in India. ICICI Bank was founded in 1994. It provides its services worldwide. The registered office of this bank is in Vadodara and Gujrat. And its corporate office is in Mumbai, Maharashtra. The total branches of this bank are 5,275 and the 15,589 ATMs are running. ICICI bank offers Gold Loans up to Rs.15 Lakhs with a maximum tenure of 12 months.

Latest Interest Rates: Interest rate starts from 7.0% per annum.


  • ICICI Bank’s total gold loan ranges from 10,000 to 1 crore.
  • Loan tenure is a maximum of 10 years.
  • This is a trustable brand for the assurance of the security of the gold.
  • The approval time of the loan is only 30 minutes, within 30 minutes the borrower can get the loan.
  • They have special schemes for the formers, they give the gold loan at a lower interest rate if the loan is utilized for an agricultural purpose.

#6.Punjab National bank

Punjab National Bank is a government bank founded in 1894.  This bank is the second-largest government-owned bank in India on the basis of business and network. It has 1300+ branches. Its headquarter is in New Delhi, India. 

Latest Interest Rate: Interest rate starts from 7.0% per annum.


  • Their maximum loan amount is 1 crore.
  • Their processing is simple and quick.
  • Their documentation is also easy.
  • They assure the security of your gold.
  • Within 30 minutes, the loan will be approved.

#7.Muthoot Finance

Muthoot Finance Limited is an Indian financial corporation, and one of the best gold loan companies founded in 1939. Its headquarters is in Kerala, India. This company offers services related to money transfer, wealth management, travel, and tourism, also it sells gold coins.

Latest Interest Rate: the Interest rate is 11.99% per annum.


  • They offer a minimum loan amount of Rs 1500 and a maximum of Rs 1 crore.
  • Their processing is fast.
  • They will take the best care of your gold.

#8.Federal Bank

Federal Bank is a commercial bank founded in 1931. Its headquarters are in Aluva, Kochi, and Kerala.

Latest Interest Rate: The interest rate is 8.50%.


  • There is no processing fee.
  • There are no hidden charges that a borrower will have to pay.
  • Loan tenure can be 1-year minimum.
  • Their processing is quick and easy.
  • Documents needed are simple.
  • They assure the security of your gold.

#9.Yes Bank

Yes Bank is a private Indian bank founded by Rana Kapoor and Ashok Kapoor in 2004. Its headquarter is in Mumbai.

Latest Interest Rate: The interest rate is 9.99% per annum.


  • This bank provides a maximum loan of 50 lakh.
  • Their processing fee is just 1%.
  • Their processing is easy and quick.
  • The documents they needed are simple.
  • They assure the security of your gold.

#10.Punjab & Sind Bank

Punjab and Sind Bank is an Indian Government bank founded in 1908. Its headquarter is in New Dehli.

  • Latest Interest Rate: the latest Interest rate is 7.0% per annum.


  • The loan range is from 10,000 to 15 Lakhs.
  • The processing is quick.
  • The loan duration is 1 year.
  • There is very simple documentation.


The above 10 Banks and Companies are top-rated companies for the gold loan in India. If you are in search of a good brand for a gold loan, you can get from these trustable brands. You can get in touch with these from the links which are provided with each bank.