Federal Bank Gold Loan


Federal Bank offers gold loans starting at 8.15% per annum for loan amounts up to Rs 1.5 crore and tenures of up to 3 years. You can avail a Federal Bank gold loan by pledging 22-carat gold ornaments. Additionally, the bank provides a Digi Gold Overdraft facility, offering overdraft and additional benefits such as free insurance coverage on gold ornaments, locker facility, and the option to replace or release gold ornaments during the gold tenure.

Federal Bank Gold Loan Highlights
Interest Rate
  • Floating interest rates – 8.99% p.a. onwards
  • Fixed interest rates – 9.79% p.a. onwards
  • Fed Smart Saver Gold Loan – 8.15% p.a. onwards
Loan Amount Rs 1,000 to Rs 1.5 crores
Loan Tenure 1 year to 3 years
Gold Loan Repayment Facility EMI, Lumpsum
Collateral Pledge of 22 carat gold ornaments

Federal Bank Gold Loan Interest Rate

Federal Bank offers gold loan interest rates starting from 8.15% per annum. The interest rates provided by the bank are both floating and fixed in nature.

Particulars Interest Rates (p.a.)
Fixed interest rates 9.79% onwards
Floating interest rates 8.99% onwards
Fed Smart Saver Gold Loan 8.15% onwards

Federal Bank Gold Loan Rate Per Gram/Gold Loan LTV Ratio

Here are the gold loan rates per gram for various schemes offered by Federal Bank:

Scheme Maximum rate per gram
Agri Gold Loans Up to 90% of market value of gold
Non Agri Gold Loans Up to75% of market value of gold
General Gold Loans 75% of market value of gold
MSME Gold Loans 75% of market value of gold

Also read: Best Gold Loan Interest Rate

Gold Loan Interest Rates Offered By Partner Banks & NBFCs

Bank/NBFC/Fintech Interest Rate  
State Bank of India 8.75% p.a. onwards Apply Now
Axis Bank 17% - 19% p.a. onwards Apply Now
Punjab National Bank 9.25% p.a. onwards Apply Now
Bank of India 8.80% p.a. onwards Apply Now
IndusInd Bank 8.80% p.a. onwards Apply Now
Bank of Baroda 9.40% p.a. onwards Apply Now
Union Bank of India 9.30% – 10.65% p.a. Apply Now
Canara Bank 9.25% p.a. onwards Apply Now
HDFC Bank 8.50% - 15.97% p.a. Apply Now
Federal Bank 8.99% p.a. onwards Apply Now
ICICI Bank 10% p.a. onwards Apply Now
Bajaj Finserv 9.50% – 28% p.a. Apply Now
Manappuram Finance 12% p.a. onwards Apply Now
Bank of Maharashtra 9.30% p.a. onwards Apply Now
Kotak Mahindra Bank 8% - 24% p.a. onwards Apply Now
Indian Bank 0.77% per month Apply Now
IIFL Finance 11.88% - 27% p.a. Apply Now
Rupeek 8.88% p.a. onwards Apply Now
Muthoot Finance 10.90% p.a. onwards Apply Now
Shriram Finance 11.40% p.a. onwards Apply Now

Types of Federal Bank Gold Loan

Fed Smart Saver Gold Loan

The Fed Smart Saver Gold Loan offers a bullet repayment facility. This means that borrowers do not need to service the interest component at monthly intervals. Instead, they can repay both the interest and principal components on the date of loan maturity.

General Gold Loan

Federal Bank provides gold loans against the security of 22-carat gold jewelry or ornaments. Applicants can utilize this loan for various personal purposes such as car purchase, marriage, education, or other expenses, excluding speculation.

Loan amount

Applicants can avail loans for amounts up to Rs 1.5 crores.

LTV Ratio

Borrowers can withdraw an overdraft facility for up to 72% of the value of the gold pledged as collateral.

Repayment Facility

Applicants can repay the interest on their gold loans either through the EMI scheme option, i.e., on a monthly basis, or as a lump sum.

Digi Gold Overdraft

Borrowers can utilize Digi Gold Overdraft for various personal purposes including online shopping, fund transfer, and bill payments directly from their loan account.

Additional Facilities

Federal Bank offers the following additional facilities along with its gold loan services:

  • Alternate locker facility
  • Free insurance coverage on gold ornaments
  • Access to ATM card, Net Banking, and Mobile Banking facilities
  • Option to replace or release gold ornaments during the loan tenure

Also read: Best Gold Loan EMI Calculator

Federal Bank Gold Loan Processing Fees & Other Charges

Gold loan Processing Fees

Schemes Charges
General Gold Loan Rs 180 to Rs 270
Kisan Gold Scheme Rs 530 to Rs 1700
MSME Gold Loan Rs 180 to Rs 270
ISS KCC GOLD 0.80% of sanctioned limit
Digi gold 0.25% of the loan amount (Minimum Rs 500)
GL Graded Interest Rate Scheme 0.35% of the loan amount (Minimum Rs 350)
Fed Smart Saver Scheme 0.50% of the loan amount (Minimum Rs 500)
Digi Gold NRI Variant 1% of the loan amount (Minimum Rs 500)

Safe Custody Charges for Gold loans 

Sanction Limit Safe Custody Charges
Above Rs.5 lakh Rs 200
Above Rs.3 lakh to Rs.5 lakh Rs 150
Above Rs.25,000 to Rs.3 lakh Rs 100
Up to Rs.25,000 Nil

Security Operation fee

Product Charges
Other Permitted Gold loan schemes Rs 250 for each security operation
OD-Digi-Gold & OD-Digi-Gold-NRI Nil for the first 2 security operations in a month

Penalty Charges for delayed repayment for Gold loans 

Loan Type Charges
Agri Gold Loans 14.50% applicable from the due date
Non-Agri Gold Loans 16.50% applicable from the due date

Appraiser Charges for Gold Loans

Sanctioned Limit Appraiser Charges
Above Rs 5 lakh Rs 140 per lakh
Above Rs 3 lakh to Rs 5 lakh Rs 430
Above Rs 2 lakh to Rs.3 lakh Rs 300
Above Rs 1 Lakh to Rs 2 Lakh Rs 220
Above Rs 50,000 to Rs 1 Lakh Rs 200
Above Rs 25,000 to Rs 50,000 Rs 140
Up to Rs. 25,000 NIL

Eligibility Criteria for availing Federal Bank Gold Loan

Federal Bank provides gold loans against 22 carat gold ornaments to applicants aged 18 years and above, including NRIs.

Also read: Best Gold Loan Eligibility

Documents Required for Federal Bank Gold Loan Application

Here is the detailed list of documents required for availing a Federal Bank Gold Loan:

  • Latest Passport size photograph
  • Proof of Identity: PAN Card, Aadhar card, Voters ID card, Passport, or Driving License
  • Address Proof: Aadhar card, Lease agreement, Sales Tax certificate, Passport, Trade license, Ration card, Electricity or Telephone Bill.

Also Read : Best Gold Loan Documents Required

Features and benefits of availing a gold loan from Federal Bank

Here are the features and benefits of availing a gold loan from Federal Bank:

  • No hidden charges
  • Hassle-free process
  • Low rate of interest
  • Higher per gram rates
  • Flexible repayment tenure
  • Instant sanctioning of gold loan
  • Minimal paperwork required and quick disbursal of loan amount
  • You can avail a gold loan by pledging at least 22-carat gold as security
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Frequently Asked Questions

Federal Bank offers a maximum gold loan of ₹1.5 Crore. However, the amount you can receive depends on the purity and weight of your gold items, as well as the loan-to-value (LTV) ratio.

The minimum loan amount for gold loans from Federal Bank is Rs. 1,000.

You can contact Federal Bank customer care by dialing +91-484-2630994.

Yes, with the part release facility, you can retrieve some of the mortgaged jewelry by paying an amount equivalent to its value.