Federal Bank Gold Loan Interest Rate 2026: Processing Fee, Documents Required, Eligibility, How to Apply

Federal Bank offers gold loans at interest rates starting from 8.15%, allowing borrowers to get quick funds by pledging their gold jewellery. The bank offers multiple gold loan schemes for personal, business, and agricultural needs, with loan amounts determined by the value and purity of the pledged gold.

Key Highlights:

Feature	Details
Interest Rate Range	8.15% to 22.90% p.a.
Loan Tenure	Upto 12 months
Processing Fee	0.25% - 1% of loan amount
Loan Amount	Upto ₹20 lakh
LTV	Up to 75% of gold’s value as per RBI norms

Federal Bank Gold Loan Interest Rate 2026

A Federal Bank gold loan offered by the bank is both floating and fixed in nature. A detailed overview of the rates is given in the following table:

Federal Bank Gold Loan Per Gram

The following table provides the Federal Bank gold loan per gram rate:

Federal Bank Agriculture Gold Loan Interest Rate

The Federal Bank Agri Gold Loan is a specialised loan scheme designed specifically for farmers. Under this scheme, farmers can avail of a loan ranging from a minimum of ₹1,000 to a maximum of ₹150 lakh. The Federal Bank's Agri Gold Loan interest rates start at 8.99% annually.

Types of Federal Bank Gold Loans

Federal Bank offers a range of gold loan schemes to meet the diverse needs of borrowers. Here are the details of the various Federal Bank Gold Loan schemes available for all.

1. General Gold Loan

Under this scheme, borrowers can avail a loan amount of up to 75% of the value of their gold items. The interest rate for this loan starts at 8.99% per annum, and it may vary based on the purpose of the loan.

2. Agri Gold Scheme

This scheme is specifically designed for farmers, offering a loan amount of up to 90% of the market value of their gold items. Borrowers can obtain a loan corpus of up to ₹150 lakh at an interest rate starting from 8.99% per annum.

3. DIGI Gold Overdraft

With the DIGI Gold Overdraft scheme, borrowers can pledge their gold items with the bank and withdraw up to 72% of the value of these items whenever they need immediate funds. It is important to note that the gold will be safely stored with the bank throughout the tenure.

4. Fed Smart Saver Gold Loan

This gold loan scheme from the Federal Bank offers the lowest gold loan interest rate among all other schemes, starting at 8.15% per annum. Additionally, borrowers have the option to choose bullet repayment, where they can repay the entire corpus at the end of the tenure without any monthly interest payments.

Federal Bank Gold Loan Maximum Limit

As a top financial institution in India, Federal Bank offers a maximum gold loan of ₹1.5 Crores

Federal Bank Gold Loan Processing Fee

The following are the processing fees charged by Federal Bank for their gold loan schemes:

I. Gold Loan Processing Fees

The processing fees for Gold Loan are as follows:

II. Security Operation Fee

The Security Operation fees are as follow as:

III. Penalty Charges for Delayed Repayment of Gold Loans 

The Penalty charges for Delayed Repayment of Gold Loans are as follows:

Federal Bank Gold Loan Appraiser Charges

The gold loan appraiser charges of Federal Bank Gold Loans are as follows:

How to Calculate Gold Loan Interest in Federal Bank?

Federal Bank offers a convenient online gold loan interest calculator on its website. This tool enables you to input your desired loan amount, Federal Bank gold loan interest rate (select between floating and fixed rates), and tenure (in months) to estimate the total interest payable and EMI amount.

Federal Bank Gold Loan Eligibility Criteria

Here are the eligibility criteria for applying for a Federal Bank gold loan:

• Age: Applicants must be at least 18 years old to apply for a jewel loan.
• Gold Purity: The gold asset being pledged as collateral must have a purity of at least 22 carats.

How to Apply for Gold Loan in Federal Bank?

Federal Bank offers a streamlined process for applying for a gold loan, with two main methods available. They are discussed in detail below.

I. Online Method

Step 1: Visit the Federal Bank gold loan application webpage.

Step 2: Provide the necessary information and click ‘Submit’.

Step 3: A bank representative will contact you.

Step 4: Submit the required documents and provide gold as collateral by visiting the bank branch.

Step 5: The bank will review the submitted materials. The loan amount will be deposited into your bank account if all information is accurate.

II. Offline Method

Step 1: Visit the nearest Federal Bank branch with the required documents. If you are an existing customer, no additional documentation is needed as the bank already has your information. If you are a new customer, you will need to provide the necessary paperwork.

Step 2: Fill out the gold loan application form and provide the required documentation.

Step 3: Provide at least 22 carats of gold as security.

Step 4: The bank will review the submitted materials. The loan amount will be deposited into your bank account if all information is accurate.

Documents Required for Federal Bank Gold Loan

When applying for a gold loan from Federal Bank, the paperwork required varies depending on whether you are an existing or new client. Here is a breakdown of the same.

• Existing Client: No additional paperwork is required if you are an existing client of Federal Bank.
• New Client: If you are a new client, you will need to submit the following documentation:
• Identity Proof: Aadhaar Card, passport, Voter ID or PAN card.
• Address Proof: Electricity bill, ration card, passport, lease agreement or Aadhaar Card.
• Recent Passport Size Photo.

How to Pay Gold Loan Interest in Federal Bank Online?

To pay Federal Bank gold loan interest online, follow these steps:

Step 1: Log in to the FedMobile app.

Step 2: Navigate to the ‘Bill Payment’ section under services on the Home screen and select ‘Loan Repayment’.

Step 3: Choose your service provider.

Step 4: Enter the loan account details of the user's lender requests.

Step 5: Verify the loan installment amount automatically fetched or enter it manually if necessary.

Step 6: Complete the payment using the user's bank account.

By following these steps, users can conveniently pay the Federal Bank gold loan interest online using the FedMobile app.

How to Close Gold Loan in Federal Bank? 

Here is a step-by-step guide on how you can close a gold loan in Federal Bank:

Step 1: Go to the closest Federal Bank branch. Carry all the necessary documents and your chequebook or cash to pay the outstanding balance of your loan account.

Step 2: Write an application letter to the bank representative regarding the closure of the loan account. 

Step 3: Pay your outstanding amount and submit all the documents to the bank representative.

Step 4: To obtain confirmation of the loan repayment, collect an NDC or No Dues Certificate from the lender.

Once the pre-closure formalities are completed, the bank will close the applicant's loan account.

Federal Bank vs Other Banks' Gold Loan Interest Rates

The comparasion between Federal Bank and other Banks' Gold Loan Interest Rates are as follows:

Federal Bank Gold Loan Customer Care

For Federal Bank personal loan customer care, you can call 1800 425 1199 or 1800 420 1199. These toll-free numbers are available 24x7, assisting the bank's customer care team. Customers outside India can dial 0484 2630994, 0484 2630995, or 080 61991199 for the same services.

Nowadays, having quick access to emergency funds can be crucial. Federal Bank's gold loan options provide a secure and flexible solution, leveraging the value of your gold assets to meet your financial needs. With competitive Federal Bank gold loan interest rates, personalised schemes, and a streamlined process, Federal Bank offers a compelling solution for individuals and farmers alike.