Short answer: HDFC Bank’s gold loans averaged 10.86% last quarter (range 9% to 19%) with up to 1% fee and early-closure charges in the first 180 days. Muthoot Finance starts at 9% if interest is paid monthly, has no foreclosure charge, lends from ₹1,500, and offers doorstep service.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
HDFC Bank Gold Loan vs Muthoot Finance at a glance
| HDFC Bank Gold Loan | Muthoot Finance | |
|---|---|---|
| Type | Private sector bank | RBI-registered NBFC (gold loan specialist) |
| Loan amount | ₹25,000 to ₹3.5 crore (older product page) | From ₹1,500; no fixed maximum (some schemes up to ₹5 crore) |
| Interest rate | 9% to 19% a year actually charged in Jan to Mar 2026 (average 10.86%); APR 9.01% to 19.08% | From 9% a year if interest is paid monthly; compounded monthly; scheme rates not published |
| Loan-to-value (LTV) | Up to 75% of value (older product page) | Not stated on its pages; RBI caps it at 85% up to ₹2.5 lakh |
| Processing fee and charges | Up to 1% + tax; valuation ₹350 + tax up to ₹2 lakh | No processing fee listed; 1% service charge on some 12-month loans (South), 0.15% security charge elsewhere (₹100 to ₹1,000) |
| Tenure | 6 to 42 months (older product page) | 12 months for the normal scheme |
| Repayment options | Term loan or overdraft; interest monthly, principal at the end | Monthly EMI, bullet, part-payment |
| Gold accepted | Not stated | 18 to 22 carat jewellery or coins |
| Closing early | 2% within 30 days, 1% from 31 to 180 days, nil after 180 days | No foreclosure charge; pay interest to date |
| Branches | HDFC Bank branches | Branches across major states (count not stated) |
| Online and doorstep | Apply online; gold valued at the branch | Gold Loan@Home (up to ₹500 charge); online top-ups via iMuthoot |
| Also worth knowing | Rates published as the actual range charged last quarter; Overdraft option | Same-day disbursal in branch; Several schemes priced by ticket size |
RBI limits apply to every regulated lender: from April 2026, a gold loan for personal use can be at most 85% of the gold’s value up to ₹2.5 lakh, 80% from ₹2.5 lakh to ₹5 lakh and 75% above, with interest due at maturity counted for bullet loans. Lenders can lend less. Check how much your gold can raise with our gold loan calculator.
What a ₹1 lakh gold loan for 12 months would cost
We costed the same loan on each lender’s published rates, assuming you pay interest every month and repay the principal at the end. Paying interest less often, or compounding, raises the cost.
| Lender | Scenario | Rate a year | Interest for the year | Fees | Total cost |
|---|---|---|---|---|---|
| HDFC Bank Gold Loan | Low end of last quarter’s range, max fee | 9% | ₹9,000 | ₹1,593 | ₹10,593 |
| HDFC Bank Gold Loan | Average rate last quarter | 10.86% | ₹10,860 | ₹1,593 | ₹12,453 |
| Muthoot Finance | Minimum rate, interest paid monthly | 9% | ₹9,000 | See charges above | ₹9,000 + any charges |
Key differences
- Rate: HDFC Bank 9% to 19%; Muthoot from 9%.
- Closing early: HDFC Bank up to 2% in the first 180 days; Muthoot nil.
- Smallest loan: HDFC Bank ₹25,000; Muthoot ₹1,500.
- Doorstep: Muthoot Gold Loan@Home; HDFC Bank at the branch.
Which should you choose?
HDFC Bank Gold Loan may suit you if you bank with HDFC and want a longer tenure or an overdraft.
Muthoot Finance may suit you if you need a small amount quickly or may repay within six months.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Ask for the rate for your exact scheme and how often you must pay interest. Paying monthly is usually cheapest.
- Read the Key Fact Statement (KFS): it must show the APR, every charge and the total you will repay.
- Check the weight and purity recorded on your pledge receipt, and keep it safe.
- Know the auction rules: RBI requires notice before any auction, and the lender must return any surplus.
- Use our gold loan calculator to see the most you can borrow under RBI limits.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Is a bank gold loan safer than an NBFC?
Both are regulated by RBI and must follow the same gold loan rules on valuation, storage, return of gold and auctions.
How much can I borrow on ₹1 lakh of gold?
Up to ₹85,000 under RBI’s limit for loans up to ₹2.5 lakh, if the lender lends the maximum. Try our gold loan calculator.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- HDFC Bank gold loan rates and charges
- HDFC Bank gold loan
- Muthoot Finance gold loan
- Muthoot gold loan interest rate
Read more: Gold loan rates of 10 lenders · Gold loan calculator · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.