Gold Loans · Cluster · Reviewed 2026-04-25
Gold Loan Per-Gram Rate April 2026: Bank-Wise Snapshot
Per-gram rates vary by bank's daily spot reference and chosen LTV. Today's range: ₹6,800-7,500 for 22-karat across SBI, HDFC, ICICI, Federal, Muthoot, and Mannapuram. This cluster shows the calculation logic and weekly trend.
Rate snapshot
| Lender | Min % | Max % |
|---|---|---|
| State Bank of India | 8.75 | 10.10 |
| HDFC Bank | 9.20 | 17.90 |
| ICICI Bank | 9.25 | 18.00 |
| Federal Bank | 9.49 | 13.00 |
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
How is per-gram rate computed?
Bank's reference spot price × purity factor × LTV (≤75%). Different banks use slightly different reference sources (RBI / IBJA / MCX).
Why does the per-gram rate differ across banks?
LTV chosen, valuation method, and risk margin. NBFCs typically offer higher per-gram by accepting higher LTV.
Does the per-gram rate apply to 24-karat?
Yes proportionally — 24K gets a higher per-gram than 22K, scaled by purity factor.
Can I lock in today's rate for a future drawdown?
No — gold loan rate is set at disbursal date. Spot moves are repriced at renewal.
Is GST applicable on gold loan disbursal?
No GST on the loan itself; processing fee attracts 18% GST.
Are seasonal rate hikes common?
Diwali / Akshaya Tritiya often see promotional per-gram increases by 2-5% to attract pledges.
Can I check per-gram rate online?
Yes — most banks publish a daily rate on the gold-loan landing page; some NBFCs require branch visit.
Does jewellery design / making charge affect valuation?
No — only weight × purity × spot. Stones / design are excluded.
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