Short answer: Federal Bank lends from ₹3,000 and publishes the range it charges (8.50% to 22.90%, average 10.87%), with a ₹500 minimum fee and doorstep loans through partners such as Rupeek. SBI lends from ₹20,000 at fixed card rates of 9.15% to 10.10%.
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.
Federal Bank Gold Loan vs SBI Gold Loan at a glance
| Federal Bank Gold Loan | SBI Gold Loan | |
|---|---|---|
| Type | Private sector bank | Public sector bank |
| Loan amount | ₹3,000 to ₹1.5 crore | ₹20,000 to ₹50 lakh (one FAQ says up to ₹1 crore) |
| Interest rate | 8.50% to 22.90% a year (Q1 2026-27 credit pricing; average 10.87%); APR 9.68% to 26.03% | 9.15% (12-month bullet) to 10.10% (EMI and overdraft), as on 16 June 2026 |
| Loan-to-value (LTV) | Not stated as a % | Margin of 35% (bullet), 28% (EMI), 26% (overdraft), i.e. about 65% to 74% |
| Processing fee and charges | 0.39% (minimum ₹500) + GST on general gold loans; ₹750 on EMI gold loans | 0.25% to 0.50% (pages differ); 0.25% for ₹50,000 to ₹2 lakh, minimum ₹250 + GST |
| Tenure | Flexible (not published) | 12 months (bullet); up to 36 months (EMI and overdraft) |
| Repayment options | Lump sum or EMI; part-payment allowed | EMI, 12-month bullet, overdraft (Liquid Gold Loan) |
| Gold accepted | 22 carat ornaments; nothing below 18 carat; coins up to 50 g | 22, 20 and 18 carat ornaments; bank-sold coins (no bars) |
| Closing early | Allowed; no charge published | No prepayment or foreclosure charge |
| Branches | Federal Bank branches, plus partners Rupeek, Oro, Yellow and Manipal Fintech | SBI branch network |
| Online and doorstep | Apply online; doorstep through partner fintechs; Digi Gold overdraft | Apply online or via YONO; gold valued at the branch |
| Also worth knowing | Works with fintech partners including Rupeek for doorstep loans; Loans against Sovereign Gold Bonds too | Lowest headline rate of the four; Income proof needed above ₹2.5 lakh (pages differ) |
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 |
|---|---|---|---|---|---|
| Federal Bank Gold Loan | Low end of published range | 8.5% | ₹8,500 | ₹590 | ₹9,090 |
| Federal Bank Gold Loan | Average rate | 10.87% | ₹10,870 | ₹590 | ₹11,460 |
| SBI Gold Loan | 12-month bullet rate | 9.15% | ₹9,150 | ₹295 | ₹9,445 |
| SBI Gold Loan | EMI rate | 10.1% | ₹10,100 | ₹295 | ₹10,395 |
Key differences
- Smallest loan: Federal Bank ₹3,000; SBI ₹20,000.
- Rate: Federal Bank 8.50% to 22.90%; SBI 9.15% to 10.10%.
- Doorstep: Federal Bank through Rupeek, Oro and other partners; SBI at the branch.
- Fee: Federal Bank 0.39% (minimum ₹500); SBI 0.25% to 0.50%.
Which should you choose?
Federal Bank Gold Loan may suit you if you need a small loan or doorstep service in a partner city.
SBI Gold Loan may suit you if you want a fixed published rate.
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
Does Federal Bank give gold loans through Rupeek?
Yes. Federal Bank lists Rupeek as its business correspondent partner for gold loans in 18 cities, along with Oro, Yellow and Manipal Fintech in some cities.
What is the average gold loan rate at Federal Bank?
Its credit pricing for Q1 2026-27 shows an average of 10.87%, within a range of 8.50% to 22.90%.
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
- Federal Bank gold loans
- Federal Bank gold loan credit pricing (PDF)
- SBI gold loan
- SBI personal gold loans
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.