- Punjab & Sind Bank is offering interest rate of 7% on a gold loan of 5,00,000 with a repayment time period of 3 years.
- Other cheapest lender is Bank of India (BOI) with interest rate of 7.35%
- And State Bank of India (SBI) offers interest rate of 7.5% on gold loans
- IIFL Finance’s offer’s gold loan interest at 9.24% which is the cheapest among NBFC gold loan
- Bajaj Finance interest rate starts at 11&
- While, Muthoot and Manappuram charges 11.9% & 12% rate of interest respectively