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Check the current gold loan interest rates on Bajaj Markets. Learn more about the factors affecting the interest rates in India to make informed decisions.
Before applying for any type of loan, it is crucial to review the interest rates to assess affordability and compare offers. Gold loans fall under the secured category, which comes with lower interest rates as compared to unsecured options.
The lender decides the interest rate based on factors like the purity and weight of the gold you pledge. On Bajaj Markets, you can get a gold loan at interest rates starting as low as 9.48% p.a.
Comparing gold loan interest rates in 2025 helps you find the most affordable options across banks and NBFCs, ensuring lower EMIs. On Bajaj Markets, you can compare different partner lenders, listed below:
| Partner Lenders | Minimum Interest Rate | Minimum Loan Amount | Loan Tenure |
|---|---|---|---|
Bajaj Finance |
9.50% p.a. |
₹5,000 |
12 months |
IIFL Finance |
11.88% p.a. |
₹20,000 |
24 months |
indiagold |
10.20% p.a. |
₹3,000 |
12 months |
Muthoot Finance |
9.96% p.a. |
₹1,500 |
36 months |
Muthoot FinCorp ONE |
9.96% p.a. |
₹1,550 |
12 months |
Rupeek |
9.48% p.a. |
₹25,000 |
12 months |
Fedfina |
12% p.a. |
₹50,000 |
12 months |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Some factors that may have a major impact on your gold loan interest rate are as follows:
The higher the loan amount, the more the risk for the lender. To mitigate this risk, the loan provider may charge a higher interest rate. Thus, it is essential to borrow only what you need to get as low an interest rate as possible.
As the price of gold fluctuates, the interest rate and Loan-to-Value (LTV) ratio of your gold loan are affected. Generally, when gold prices rise, lenders may offer lower interest rates due to the higher value of the collateral, and vice versa.
Having a stable job and income ensures the lender of your loan repayment ability. Having a minimum work experience of 3 to 5 years and a high income can improve your eligibility. This can help you get the loan at low interest rates and flexible repayment options.
Depending on whether you opt for a fixed or floating interest rate, the total interest dues on your loan may differ. Therefore, it is important to constantly monitor the rates and market trends when choosing a floating rate.
A fixed interest rate means the rate remains constant throughout the gold loan tenure. This allows you to predict EMIs much in advance and leads to better financial planning without being affected by market fluctuations. Fixed rates are usually higher than floating rates at the onset.
This rate may change over the tenure of your loan. As market rates fluctuate, the floating rate is revised. Sometimes, in case of inflation, the rate may increase, and at other times, it may decrease.
While this helps you save on interest dues, it can affect your EMIs or tenure – and thus makes loan planning a little challenging. However, a floating rate is initially lower than a fixed interest rate.
Calculating the gold loan rate of interest helps you estimate the total borrowing cost and plan repayments effectively. The formula is:
Interest = (Eligible Amount × Rate of Interest × Tenure) / 100
For instance, if you borrow ₹1,00,000 at 12% for one year, the interest will be ₹12,000, making the total repayment ₹1,12,000. Since the rate and tenure may vary, it is advisable to use an online gold loan calculator for precise results.
Applying online for a loan against gold is quick and convenient. With just a few steps, you can initiate the process from the comfort of your home. Follow the steps below to apply for a gold loan on Bajaj Markets:
Click on the ‘CHECK GOLD LOAN OFFERS’ button on this page
Select the loan type from ‘New Gold Loan’ or ‘Gold Loan BT’
Enter your basic personal details, such as name, date of birth, contact number, and the required loan amount
Provide details like pincode, gender, and accept the terms and conditions
Click on ‘Submit’ to complete the application
Your request will be reviewed, and an executive will contact you for the next steps.
On Bajaj Markets, the application process is completely digital, enabling faster approvals and disbursals. Here are some additional reasons to opt for this loan:
Bajaj Markets partners with 5+ leading lenders, allowing you to compare interest rates, LTV ratios, and loan terms in one place.
Apply for a gold loan in just a few clicks via the Bajaj Markets website or app, with minimal documentation and instant approval.
Get clear loan agreements with no hidden fees and real-time loan tracking, ensuring a secure and straightforward borrowing experience.
When you apply for the loan on Bajaj Markets, you may benefit from doorstep services from major gold loan providers in India. You may further be offered a part-release facility, which enables you to retrieve a portion of the gold submitted after a part of the loan has been repaid.
Before applying for a loan against gold online, ensure you meet the following gold loan eligibility requirements:
Additionally, you may have to provide the following documents when applying for a gold loan online:
The interest rate on gold loans depends on factors like the loan amount, loan tenure, collateral quality, and the lender’s policies. On Bajaj Markets, the interest rate starts at 9.48% p.a., which helps you repay the loan without excessive interest outgo.
Yes, it can. A high credit score may put you in a better position to negotiate for a favourable gold loan interest rate and opt for a higher loan amount. However, since this is a secured loan, you can get approval even without a credit score or a low score.
Some additional fees you may be asked to pay on a gold loan from Bajaj Markets may include a processing fee, foreclosure fee, and convenience fee. Lenders may also levy auction fees, cash deposit charges, and security charges.
If a gold loan has a floating interest rate, it may vary during the loan tenure. Gold loan interest rates can change based on market conditions, RBI policies, lender policies, and fluctuations in gold prices.
Yes, most gold loans charge monthly interest. However, some lenders also offer bullet repayment options, where interest can be paid at the end of the tenure.
Yes, some banks and financial institutions offer concessional interest rates to farmers for agricultural gold loans, as per RBI guidelines.
Gold loans can have either a fixed or floating interest rate. Be sure to reach out to your lender and get clarity on the type of interest rate being charged before making any financial decision.
Yes, apart from interest, lenders may charge processing fees, prepayment or foreclosure charges, and late payment penalties. Also, they may charge valuation fees for gold assessment.
While gold loans are secured loans, some lenders may consider credit scores to offer preferential rates. A higher CIBIL score (750+) may help you secure lower interest rates.
Since gold loans are secured by collateral, many lenders do not consider credit scores when determining your loan eligibility. However, if you have a good repayment history, you may qualify for better interest rates.
Yes, in some cases, lenders may offer lower interest rates for lower loan amounts. It may also depend on the LTV ratio, loan tenure, and borrower profile.
You can use an EMI calculator to check the interest charges you may have to pay on your gold loan. Simply enter the loan amount, interest rate, and tenure to get the rest. You can also do this manually using the formula:
Interest = (Eligible Amount × Rate of Interest × Tenure) / 100
However, manual calculations can be time-consuming and may result in errors.
Common gold loan repayment options include:
Regular EMIs (paying both a principal and interest component every month)
Interest-only Payment (paying interest monthly and principal at the end of the tenure)
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