I N D I A · 2 0 2 6 E D I T I O N · B A N K - W I S E R A T E G U I D E Top 20 Best Banks Offering Low Gold Loan Interest Rates in India Data compiled September 2026 · Sources: Federal Bank official website, RBI 2026 gold - loan guidelines and leading market rate trackers (see closing slide for full source list) W H A T ' S I N S I D E T H I S D E C K A Complete, Source - Checked Gold Loan Rate Guide 30 slides covering the rules, the rankings and the fine print. 1 Gold Loan Basics & RBI 2026 Rules What a gold loan is, how rates are set, and the LTV framework. 2 Featured Pick — Federal Bank A deep look at official rates, schemes and loan terms. 3 Ranks #2 – #10 Public sector banks leading on the lowest headline rates. 4 Ranks #11 – #20 Private sector banks and other strong value options. 5 Full 20 - Bank Comparison Table Every bank, rate, tenure and LTV on one page. 6 Smart Tips & Bank vs NBFC How to actually land the lowest rate you qualify for. 7 Key Takeaways & Sources Recap plus the complete list of references used. Top 20 Best Banks for Gold Loans in India · 2026 2 G O L D L O A N S 1 0 1 What Is a Gold Loan — and Why It's So Popular Secured Against Your Gold You pledge gold jewellery or coins (usually 18 – 22 carat) as collateral, and the bank lends against its assessed value. Loan Value Is Set by LTV Banks lend a percentage of the gold's market value (the Loan - to - Value or LTV ratio), capped by RBI rules. Fast, Low - Paperwork Disbursal Because the loan is fully collateralised, most banks sanction and disburse funds the same day, with only KYC needed. Multi - Purpose Funding Used for personal needs, weddings, education, business working capital, and agricultural expenses alike. Across India, gold loan interest rates broadly range from about 8% to 27% p.a. — this guide focuses on the 20 banks offering the lowest starting rates. Top 20 Best Banks for Gold Loans in India · 2026 3 H O W P R I C I N G W O R K S Key Factors That Influence Your Gold Loan Rate Lender Type Public sector banks tend to price lowest, followed by private banks, then gold - loan NBFCs — which trade a rate premium for speed. LTV Ratio Chosen Under RBI's 2026 tiered rules, smaller loans can access a higher LTV — and often a more attractive rate — than large - ticket loans. Loan Amount & Tenure Longer tenures and larger ticket sizes can shift pricing; bullet - repayment loans are capped at 12 months by RBI. Relationship & Repayment Mode Existing account holders, salaried applicants and EMI - based repayment often unlock preferential pricing over walk - in, bullet - only loans. Rule of thumb: the headline "rate" is only the starting point — always compare it alongside LTV, processing fees and foreclosure terms. Top 20 Best Banks for Gold Loans in India · 2026 4 R E G U L A T O R Y B A C K D R O P RBI's 2026 Gold Loan Framework, In Brief The rules that shape how much every bank on this list can actually lend you. M A X L T V 85% Loans up to ₹2.5 lakh M A X L T V 80% Loans ₹2.5 – 5 lakh M A X L T V 75% Loans above ₹5 lakh Bullet - repayment loans are capped at a 12 - month tenure by RBI. A standardised Key Fact Statement (KFS) is now mandatory before you sign — it must show the all - in cost. Interest is charged on a daily reducing balance, not a flat basis, lowering the effective cost. Top 20 Best Banks for Gold Loans in India · 2026 5 B E F O R E Y O U D I V E I N How This Top 20 List Was Ranked Federal Bank is intentionally placed first as this guide's Featured Bank, with rate data taken directly from its official pages. The remaining 19 banks are ordered by their lowest publicly quoted "starting from" gold loan interest rate. Only scheduled public and private sector banks are included — NBFCs and gold - loan companies are referenced for context only. D A T A S O U R C E S federal.bank.in/gold - loans federal.bank.in/gold - loans - interest - rate Federal Bank quarterly Credit Pricing disclosure (Q4 FY26) RBI 2026 gold - loan LTV & Key Fact Statement guidelines Live bank - wise rate trackers & aggregators (RatesToday, ClearTax and others) Rates shown throughout are "starting from" figures as of September 2026, vary by borrower profile, amount, tenure and scheme, and change periodically — always confirm the current rate with the bank before applying. Top 20 Best Banks for Gold Loans in India · 2026 6 FEATURED BANK — #1 Federal Bank Gold Loans Official product data from federal.bank.in/gold - loans Instant sanction, hassle - free processing Low rates of interest with no hidden charges Minimal paperwork and quick disbursement Flexible repayment — lumpsum or EMI, flexible tenure Higher per - gram gold valuation rates Loan amount: ₹3,000 up to ₹150 lakh (₹1.5 crore) Security: pledge of 22 - carat gold ornaments (coins up to 50g) For personal, business and agricultural purposes alike Doorstep Gold Loans: delivered via fintech partners Rupeek, OroCorp, Yellow Fintech & Manipal Fintech in select cities. Digi Gold Overdraft: pledge gold, keep it safely stored with the bank, and draw funds only when you actually need them. Top 20 Best Banks for Gold Loans in India · 2026 7 FEDERAL BANK — RATES Interest Rates, Schemes & Loan Details Fed Smart Saver Gold Loan 8.15% p.a. onwards Lowest - rate scheme — ideal for cost - conscious borrowers General Gold Loan (Floating) 8.99% p.a. onwards Standard scheme, rate moves with market conditions General Gold Loan (Fixed) 9.97% p.a. onwards Predictable EMI with a fixed rate for the full tenure Agri Gold Loan 8.99% p.a. onwards For farmers — up to 90% of gold value, up to ₹150 lakh Official regulatory disclosure (Q4 FY26, dated 21 May 2026): Range of Interest 8.50% – 22.90% p.a. | Mean of Interest 10.82% Loan Amount ₹3,000 – ₹150 lakh Tenure Up to 36 months Max LTV Up to 75% (General) Collateral 22 - carat gold ornaments Source: federal.bank.in/gold - loans and federal.bank.in/gold - loans - interest - rate. Rates are indicative, scheme - specific and subje ct to change — confirm the current rate at your branch or with FedNet before applying. Top 20 Best Banks for Gold Loans in India · 2026 8 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #2 Bank of Maharashtra Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.50% p.a. onwards Max Loan - to - Value (LTV) Up to 85% Processing Fee Nil / minimal fee Loan Tenure Up to 36 months Indicative Loan Amount As per gold value pledged W H Y I T M A K E S T H E L I S T One of the lowest headline gold loan rates of any bank in India today — a strong first call for rate - sensitive borrowers. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 9 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #3 Indian Bank Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.50% – 10.40% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee Nil on several schemes Loan Tenure Up to 12 months Indicative Loan Amount ₹25,000 – ₹10 lakh W H Y I T M A K E S T H E L I S T Nil processing fee on several schemes, paired with fast, same - day disbursal. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 10 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #4 Bank of India Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.60% p.a. onwards Max Loan - to - Value (LTV) Up to 85% Processing Fee Nominal, bank - set Loan Tenure Up to 36 months Indicative Loan Amount As per gold value pledged W H Y I T M A K E S T H E L I S T Competitive PSU pricing backed by same - day disbursal across its branch network. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 11 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #5 Canara Bank Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.75% – 9.60% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee 0.25% (min ₹500 – max ₹5,000) Loan Tenure 12 – 24 months Indicative Loan Amount ₹5,000 and above W H Y I T M A K E S T H E L I S T The popular Swarna Overdraft scheme gives flexible drawing power against pledged gold. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 12 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #6 Central Bank of India Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.45% – 8.80% p.a. Max Loan - to - Value (LTV) Up to 78% Processing Fee 0.50% (₹250 – ₹5,000) Loan Tenure Up to 12 months Indicative Loan Amount ₹10,000 and above W H Y I T M A K E S T H E L I S T Frequently cited by aggregators as having India's lowest starting gold loan rate. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 13 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #7 Bank of Baroda Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.85% – 9.15% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee Nil up to ₹3 lakh Loan Tenure 12 – 36 months Indicative Loan Amount Up to ₹50 lakh W H Y I T M A K E S T H E L I S T Zero processing fee on smaller - ticket loans, backed by extensive branch reach. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 14 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #8 Indian Overseas Bank Public Sector Bank S T A R T I N G I N T E R E S T R A T E 7.00% – 11.45% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee 0.15% of loan amount Loan Tenure As per scheme Indicative Loan Amount Up to ₹25 lakh (OD variant) W H Y I T M A K E S T H E L I S T The IOB Swarnalakshmi scheme gives women borrowers preferential pricing and free accident cover. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 15 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #9 UCO Bank Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.85% p.a. onwards Max Loan - to - Value (LTV) Up to 85% Processing Fee 0.25% of loan amount Loan Tenure As per scheme Indicative Loan Amount As per gold value pledged W H Y I T M A K E S T H E L I S T A simple, low - fee structure with same - day disbursal at most branches. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 16 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #10 Punjab National Bank Public Sector Bank S T A R T I N G I N T E R E S T R A T E 8.95% – 9.25% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee 0.30% of loan amount Loan Tenure As per scheme Indicative Loan Amount ₹25,000 – ₹25 lakh W H Y I T M A K E S T H E L I S T Well regarded for financing against both gold jewellery and Sovereign Gold Bonds. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 17 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #11 City Union Bank Private Sector Bank S T A R T I N G I N T E R E S T R A T E 9.00% p.a. onwards Max Loan - to - Value (LTV) Up to 85% Processing Fee 0.50% of loan amount Loan Tenure As per scheme Indicative Loan Amount As per gold value pledged W H Y I T M A K E S T H E L I S T A strong South India presence with quick, same - day processing. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 18 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #12 Karur Vysya Bank Private Sector Bank S T A R T I N G I N T E R E S T R A T E 9.00% – 14.00% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee 0.50% of loan amount Loan Tenure Up to 12 months Indicative Loan Amount Up to ₹2 crore W H Y I T M A K E S T H E L I S T High - ticket jewel loans alongside the Swarnamitra overdraft facility. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 19 T O P 2 0 G O L D L O A N B A N K S · R A N K E D # 2 – # 2 0 #13 Kotak Mahindra Bank Private Sector Bank S T A R T I N G I N T E R E S T R A T E 9.00% – 24.00% p.a. Max Loan - to - Value (LTV) Up to 85% Processing Fee No / nominal fee Loan Tenure Up to 4 years Indicative Loan Amount ₹20,000 – ₹1.5 crore W H Y I T M A K E S T H E L I S T The longest available tenure among private banks on this list — up to 4 years. Featured Pick, Federal Bank: 8.15% – 8.99% p.a. onwards This Top 20 List's Rate Span: 7.00% – 9.35% p.a. onwards Rate shown is the lowest publicly quoted "starting from" figure as of September 2026 and varies by loan amount, tenure, schem e a nd borrower profile. Confirm current terms with the bank. Top 20 Best Banks for Gold Loans in India · 2026 20