A gold loan can be a simple way to arrange funds without selling gold jewellery. By pledging eligible gold ornaments with a bank, borrowers can get funds for education, medical expenses, business needs, agriculture, household expenses and emergencies.

Private banks are a popular choice for gold loans because many offer quick processing, flexible repayment options and digital services. However, interest rates, loan amounts, processing fees and repayment terms can vary from one bank to another.

Top 10 Private Banks for Gold Loan in India

Rates and loan amounts are indicative and can change based on the loan product, borrower profile, tenure and bank policy. Check the latest official terms before applying.

1. Federal Bank

Federal Bank is one of India’s leading private-sector banks and offers gold loans through its banking network.

• Federal Bank offers gold loans for personal, business and agricultural purposes.
• Customers can use the loan for education, agriculture, MSME needs, business expenses and emergencies.
• The bank offers a minimum loan amount of ₹3,000 and a maximum of ₹150 lakh against eligible 22-carat gold ornaments.
• Federal Bank’s published Q3 FY26 credit pricing data showed a gold loan interest rate range of 8.50% to 22.90% per annum. Rates can vary by product and borrower.
• The bank offers lump-sum and EMI repayment options and flexible tenure.
• Its Digi Gold Overdraft option allows customers to access funds as required instead of taking the entire amount at once.
• Federal Bank also provides a Gold Loan Interest Rate and EMI Calculator to estimate monthly EMI and total interest.
• The bank also publishes per-gram lending information, with general and MSME gold loans generally going up to 75% of market value, while Agri Gold Loans can go up to 90%, subject to the applicable scheme and rules.

With a high loan limit, flexible repayment options and uses across personal, education, agriculture and MSME needs, Federal Bank is a strong private-bank choice for a gold loan.

2. HDFC Bank

• Its published Q4 FY26 data showed a gold loan interest rate range of 9.00% to 19.00%, with an average of 10.86%.
• The bank offers flexible repayment options for eligible borrowers.
• HDFC Bank provides branch-based services and digital support.
• Processing and valuation charges apply and should be checked before applying.
• Eligible MSME borrowers may receive specific benefits on prepayment or foreclosure under the bank’s terms.

HDFC Bank can be suitable for borrowers who prefer a large private bank and want access to established banking services.

3. ICICI Bank

ICICI Bank is another major private bank offering gold loans for customers who need quick access to funds.

• ICICI Bank’s published Q4 FY26 interest rate range was 8.55% to 16.50%.
• The bank offers gold loans of up to ₹2 crore on its online gold loan offering.
• Gold loan eligibility depends on factors such as the purity and weight of the gold.
• The bank provides an online gold loan calculator to help customers estimate repayment.
• Flexible tenure options are available based on the selected loan.

ICICI Bank can be a good choice for customers who prefer private banking with online tools and a high loan limit.

4. Axis Bank

Axis Bank offers gold loans with quick disbursal and flexible repayment periods.

• The current gold loan interest rate range is 9.75% to 17.00% per annum.
• Loan amounts range from ₹50,001 to ₹40 lakh.
• Loan tenures range from 6 months to 36 months.
• The bank also provides gold loans for farmers.
• Axis Bank lists separate terms for individual and MSME borrowers, including foreclosure benefits under specified conditions.

Axis Bank can suit customers looking for private-bank services, quick processing and digital support.

5. IndusInd Bank

IndusInd Bank offers gold loans with a focus on quick processing and simple documentation.

• The bank offers gold loans of up to ₹1 crore.
• Loan tenure can go up to 36 months.
• Its published Q1 FY26 data showed interest rates ranging from 10.50% to 15.50%, with an average of 11.71%.
• The bank says loans can be disbursed quickly, with gold valuation carried out in the customer’s presence.
• Additional interest-rate discounts may be available for women borrowers and customers in agricultural professions.
• Repayment options include monthly interest payment and rear-ended repayment.

IndusInd Bank can be considered by borrowers looking for quick service and flexible repayment choices.

6. Bandhan Bank

Bandhan Bank offers gold loans for customers who need funds for personal and other financial requirements.

• Its non-agri gold loan provides ₹10,000 to ₹25 lakh under the bullet repayment option.
• Regular repayment gold loans can range from ₹10,000 to ₹80 lakh.
• Bullet repayment is available for 6 or 11 months.
• Regular repayment options include upfront interest, monthly interest and EMI.
• The bank’s published product page lists rates starting from 12.00% per annum for the stated product.
• The bank also highlights quick processing, simple documentation and flexible repayment.

Bandhan Bank may be suitable for borrowers who want different repayment structures, especially bullet repayment.

7. Yes Bank

Yes Bank offers gold loan products for borrowers looking for secured funding against gold.

• The bank provides gold loan and gold loan overdraft options.
• Repayment and interest terms depend on the selected product and sanction terms.
• Processing, valuation and other applicable charges are disclosed under the bank’s schedule of charges.
• Its gold loan overdraft can be useful for customers who prefer access to a credit limit rather than a one-time disbursement.
• Borrowers should check the latest rate and applicable benchmark in the sanction letter before applying.

Yes Bank can be considered by borrowers looking for a private-bank gold-backed credit facility.

8. CSB Bank

CSB Bank is a private-sector bank with a strong focus on gold loans.

• Gold loans are an important part of CSB Bank’s lending business.
• The bank has expanded its branch presence in rural and semi-urban areas.
• Its gold loan business serves retail as well as agricultural borrowers.
• CSB Bank has also focused on faster processing and digital decision-making for parts of its lending business.
• Interest rates and loan terms depend on the customer’s profile and the sanctioned product.

CSB Bank can be considered by customers who want a private bank with experience in gold-backed lending.

9. Karur Vysya Bank

Karur Vysya Bank is a private-sector bank that offers loans against gold through its branch network.

• Gold-backed loans can be used to meet eligible personal and business funding needs.
• The bank offers different loan structures based on the borrower’s requirement.
• Interest rates, loan amounts and repayment terms depend on the selected gold loan product.
• Borrowers should compare processing charges, valuation charges and repayment conditions before applying.

Karur Vysya Bank can be a useful choice for customers who already have a relationship with the bank or prefer its branch network.

10. South Indian Bank

South Indian Bank is another private-sector bank that provides gold loan facilities.

• Gold loans are available against eligible gold ornaments.
• The loan can help customers meet personal and other eligible financial requirements.
• The amount offered depends on the purity, weight and value of the pledged gold.
• Interest rates and repayment terms can vary by product.
• Customers should check the current charges and applicable rate before taking the loan.

South Indian Bank can be considered by borrowers looking for a private bank with branch-based gold loan services.

How to Choose the Best Private Bank for a Gold Loan?

Before selecting a lender, borrowers should compare more than the advertised interest rate.

• Interest rate: Check the actual rate applicable to the borrower and loan product.
• Loan amount: Compare how much the bank offers against the value of the gold.
• Processing charges: Check processing, valuation and other applicable fees.
• Repayment options: Compare EMI, bullet repayment, monthly interest and overdraft options.
• Loan tenure: Choose a tenure that fits the repayment capacity.
• Gold valuation: Understand how purity, net weight and market value are calculated.
• Foreclosure charges: Check whether any charges apply when the loan is repaid early.

Final Thoughts

There is no single private bank that is best for every borrower. The right choice depends on the loan amount, interest rate, purpose, repayment preference, tenure and total cost.

Before applying, borrowers should check the latest interest rate, processing fee, valuation charges, loan-to-value ratio, repayment terms and foreclosure charges directly with the bank. Gold loan rates and charges can change over time, so the latest official information should always be confirmed before taking the loan.