Gold Loan Interest Rate in Nepal
Gold Loan (aka Loan Against Gold and Silver or Sund Chandi Karja) is more competitive than other commercial loans. These loans are highly secured by gold as collateral, which makes them a low-risk for the bank. The banks determine the Gold Loan Interest Rate in Nepal by adding a small premium to their Base Rate (BR).
As we know, all the Banks and Financial Institutions used to follow the methodology set by the Central banks for determining the Loan Interest Rate. Like the deposit interest rate, the Loan interest rates are also revised every month and practice in effect from the beginning of each month. The banks set the interest rate in loan products by adding a premium rate (spread rate) to their base rate. Here, you will get the Gold Loan Interest Rate in Nepal set by each BFI.
We have extract the exact Interest Rate provided by each BFI on their Website, Social Pages and Circulars. So, let’s find the Gold Loan Interest Rate in Nepali Banks and get the best deal for your financing requirements.
Gold Loan Interest Rate in Nepali Banks
Here’s the latest Interest Rates of all BFIs for this month,
| Bank/Financial Institution (FI) | Loan Name | Interest Rate Range | Processing Fee | Tenure |
|---|---|---|---|---|
| Agricultural Dev. Bank (Krishi Bikas) | Loan Against Gold and Silver | 5.40% - 9.40% | - | - |
| Citizens Bank Int'l | Loan against Gold | 5.94% - 9.94% | - | - |
| Prime Commercial Bank | Loan against Gold and Silver | 6.12% - 11.12% | - | - |
| Mahalaxmi Bikas Bank | Gold Loan | 6.33% - 10.08% | - | - |
| Excel Bikas Bank | Gold Loan | 6.39% - 10.39% | - | - |
| Jyoti Bikas Bank | Gold Silver Loans | 6.44% - 11.44% | - | - |
| Kamana Sewa B.Bank | Gold Loans | 6.56% - 11.56% | - | - |
| Shangrila Bikas Bank | Gold/Silver Loan | 6.57% - 10.56% | - | - |
| Lumbini Bikas Bank | Swarna Karja-TL | 6.63% - 10.63% | - | - |
| Lumbini Bikas Bank | Swarna Karja-OD | 6.63% - 10.63% | - | - |
| Sanima Bank | Gold Loan | 7.11% - 9.11% | - | - |
| Laxmi Sunrise | Gold Loan | 7.38% - 9.38% | - | - |
| Green Dev. Bank | Gold Loan | 7.44% - 11.44% | - | - |
| NIC ASIA Bank | Gold Loan | 7.68% - 9.68% | - | - |
| Nepal Bank Ltd. | Gold and Silver Loan | 7.72% - 9.22% | - | - |
| Machhapuchhre Bank | Gold Loan | 7.76% - 9.76% | - | - |
| Nepal SBI Bank | Gold Loan | 7.88% - 9.88% | - | - |
| Goodwill Finance Co. | Gold Loan | 8.12% - 12.12% | - | - |
| Gurkhas Finance Ltd | Gold Loan | 8.12% - 15.12% | - | - |
| Sindhu Bikas Bank | Gold Loan | 8.19% - 13.19% | - | - |
| Garima Bikas Bank | Gold Loan | 8.23% - 10.23% | - | - |
| Nabil Bank | Gold Loan | 8.41% - 10.41% | - | - |
| Muktinath Bikas Bank | Gold Loan | 8.44% - 10.44% | - | - |
| Nepal Investment Mega Bank (NIMB) | Loan against Gold/Silver | 8.51% - 10.51% | - | - |
| Rastriya Banijya Bank (RBB) | Gold Loan | 8.56% - 8.56% | - | - |
| Prabhu Bank | Gold Loan | 8.69% - 10.69% | - | - |
| Best Finance Co. | Gold Loan | 9.41% - 14.41% | - | - |
Highest Interest Rate in Nepali Banks
Based on the Interest Rate collected from all licensed BIFs ‘A’, ‘B’ & ‘C’, we can see that the ‘C’ Class Finance Companies provide the highest Interest Rate. After Finance Companies, the ‘B’ Class Development Banks also offer a higher Interest Rate.
Note: All the interest rates mentioned here and every BFIs are measured in p.a. (Per Anum/ Anually)
We hope you get the Gold Loan Interest Rate in Nepali Banks and financial institution to choose the best one for your financing requirements. With these interest rate data of each BFI, you will get the best idea and choose the right banks to fulfill the fund requirement and make the best decision.