Jun 28, 2022
Which bank has a low-interest rate for gold loans?
The interest rate of banks offered on gold loans can be as low as 7% to a maximum of 13%.
The interest rate may differ depending on the loan procedures and loan tenure.
These are the Banks that offer low-interest rates gold loans,
Bank of Maharashtra:- 7.70% per annum.
Punjab and Sind Bank:- 7% per annum.
Punjab National Bank:-7.25% per annum.
Union Bank of India:- 7% per annum.
Canara Bank:- 7.30% per annum.
The above-mentioned interest rates are for a certain amount of loan.
The CBIL score is not checked at the time of getting the loan, but if you fail to repay the loan, the gold is auctioned off. It affects your CIBIL negatively.
