Citizens trying to get a loan on pledging jewellery should be aware of the banks which offer jewellery loans on the lowest interest rates!

It is possible to obtain jewellery loans from banks and some private-sector agencies.

One can pledge the jewellery items and get loans as per the prevailing rates.

It is also possible to get loans pledging jewellery through some banks which offer reasonably low-interest rates!

The banks which offer lower interest rates for loans pledging jewellery are:

· Federal Bank – 8.50%

· State Bank of India (SBI) – 7.30%

· Punjab & Sind Bank - 7%

· Punjab National; Bank (PNB) – 8,75%

· Canara Bank – 7.35%

· Indian Bank – 7%

· Bank of Baroda (BOB) – 9%

· Karnataka Bank – 8.49%

· IDBI – 7%

· HDFC Bank – 11%

Please keep attention to some aspects while taking loan pledging jewellery!

· Aadhar Card is mandatory to take jewellery loans!

· The gold item pledged MUST not be less than 18 Carat. (Note that most banks DO NOT OFFER LOANS on pledging jewellery of less than 18 Carat!)