Gold Loan in Pune 2024: Best Banks, Interest Rates & LTV Comparison
Need a gold loan in Pune? Compare interest rates from SBI, HDFC, Muthoot, Manappuram, IIFL. Know LTV ratios, eligibility, and how to get the best deal.
Gold Loan: India's Fastest Personal Finance Tool
Gold loans have surged in popularity in Pune, with Muthoot Finance, Manappuram, and IIFL Finance branches popping up across Shivajinagar, Kothrud, Wakad, and Hadapsar. Here's your complete guide.
How Gold Loans Work
You pledge your physical gold (jewellery or coins) to a lender and receive a loan of up to 75% of the gold's current market value (LTV — Loan-to-Value ratio). RBI caps this at 75%.
Example:
- You have 100g of 22K gold
- Current rate: ₹1,44,700 per 10g
- Gold value: ₹14,47,000
- Maximum loan (75% LTV): ₹10,85,250
Gold Loan Interest Rates in Pune (2024)
| Lender | Interest Rate | Processing Fee | Max LTV |
| -------- | ------------- | ---------------- | --------- |
| Muthoot Finance | 9.96–26% | 0.25–1% | 75% |
| Manappuram Gold Loan | 9.9–26% | 0.25–1% | 75% |
| SBI (e-Mudra Gold) | 8.75–10.5% | 0.5% | 75% |
| HDFC Bank | 9–17% | 1% | 75% |
| IIFL Finance | 9.24–24% | 0.35% | 75% |
| Axis Bank | 12.5–17.5% | 1% | 75% |
| Bajaj Finance | 9.5–28% | 0.25% | 75% |
Which Gold Loan to Choose?
For lowest rate: SBI (if you're an existing SBI customer) For fastest disbursal: Muthoot Finance (15–30 minutes disbursement) For best LTV: All regulated lenders are capped at 75% by RBI For online process: HDFC Bank, IIFL (minimal branch visit)
Documents Required
- Aadhaar Card (mandatory)
- PAN Card
- Passport-size photograph
- Ownership proof of gold (receipt/invoice preferred)
Gold Loan vs Personal Loan: Which is Better?
| Feature | Gold Loan | Personal Loan |
| --------- | ----------- | --------------- |
| Interest Rate | 9–26% | 11–24% |
| Disbursal Time | 30 min | 1–3 days |
| Income Proof | Not needed | Required |
| Prepayment Charges | Usually none | 2–5% |
| Risk | Losing gold if default | Credit score damage |
Gold Loan Branches in Pune
Muthoot Finance major Pune branches:
- Shivajinagar: 020-25662090
- Kothrud: Near Karve Road
- Wakad: Near Wakad Chowk
- Deccan: 020-25670144
- Hadapsar: Near Magarpatta City
Important Tips
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