Money Matrix Hub · Pillar guide · Reviewed 2026-04-25
Gold Loans India 2026: Per-Gram Rate, LTV, Top Lenders
Gold loans are India's fastest-disbursing secured loan: ornaments → cash in 30-60 minutes. RBI caps LTV at 75%; SBI's prime tier starts at 8.75%, while NBFCs (Muthoot, Mannapuram) price at 12-18% but go higher LTV. This pillar covers per-gram rate computation, scheme tenure, and the renewal gotcha.
Quick eligibility check
Match your salary, age, CIBIL score, and existing-EMI ratio to each lender's 2026 cut-offs in 60 seconds.
Run eligibility calculator →Top 5 lender rates this week
| Lender | Min % | Max % | Max amount (₹ Cr) | Tenure (yrs) |
|---|---|---|---|---|
| State Bank of India | 8.75 | 10.10 | 0.5 | 3 |
| HDFC Bank | 9.20 | 17.90 | 0.5 | 2 |
| ICICI Bank | 9.25 | 18.00 | 1 | 1 |
| Federal Bank | 9.49 | 13.00 | 0.5 | 2 |
Reviewed 2026-04-25. Always confirm with the lender before you apply.
How to apply: step-by-step
- Compare lender rates side-by-side. Use the rate board to shortlist 3-4 lenders matching your profile and tenure preference.
- Run an eligibility check. Match income, CIBIL, vintage, and existing-EMI ratios against each lender's published cut-offs.
- Collect KYC + income documents. PAN, Aadhaar, salary slips (3 months) or ITR (2 years for self-employed), bank statements (6 months).
- Submit application + soft-pull. Most digital lenders use soft credit pull at the offer stage so your CIBIL is unaffected.
- Sanction letter + acceptance. Read the sanction letter carefully — focus on processing fee, foreclosure terms, and reset clauses.
- Disbursal. Funds typically credited within 24-72 hours of acceptance for unsecured products.
FAQ
What is the maximum LTV for gold loans?
75% as per RBI Master Direction (DBR.RRB.BC.No. 47 / 2014, periodically updated). Banks adhere strictly; NBFCs occasionally test the boundary.
What is the per-gram rate today?
Varies daily with gold spot. As of April 2026, ₹7,200-7,500 per gram of 22-karat at most banks (75% of spot).
What gold purity is accepted?
18-22 karat ornaments. Bullion / coins (other than bank-issued) usually not accepted.
What is the typical tenure?
3 months to 36 months. Bullet repayment or EMI options available.
Are there foreclosure charges?
Most lenders allow zero-cost prepayment; some NBFCs charge 1% if foreclosed within 90 days.
What happens if gold prices fall?
Lender may issue a margin call asking you to top up or part-prepay. If unmet, auction risk after 90 days.
Can I renew a gold loan?
Yes — most lenders allow rollover with fresh KYC + revaluation; interest must be cleared before renewal.
Are gold loan interest rates negotiable?
Yes at branches with relationship — 25-50 bps off the headline; NBFCs less negotiable.
Is income proof required?
Generally no — gold itself is the security. KYC + ownership proof of gold is enough.
What is the auction process if I default?
Lender issues 14-day notice, then 7-day public auction notice; pledged gold is auctioned after the cure period. Surplus (if any) is returned.
Related cluster topics
- Gold Loan Per-Gram Rate April 2026: Bank-Wise Snapshot
- Gold Loan LTV Cap, Renewal & Auction Rules: RBI Frame 2026
- Bank vs NBFC Gold Loan: Which Suits Your Tenure & Need?
- Agricultural Gold Loan: PSL Rate, Subsidy, Eligibility
- Online Gold Loan India 2026: Doorstep Pickup Lenders
- Gold Loan vs Personal Loan: Total Cost & Speed Compared
RBI guidelines for this product
This product is governed by RBI Master Directions and KFS / FPC requirements. Read the latest applicable circulars and ensure your lender complies before sanction.
View RBI circulars for this category →Related reads
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