Hi everyone, I am researching banks and NBFCs that provide loan against silver. There are many lenders offering this scheme now, especially since people prefer not to sell their precious metals.

From what I found:

Private banks usually offer faster processing

Cooperative banks may offer slightly lower interest rates

NBFCs usually give more flexible repayment terms

Local jewel lenders may offer easy approval but sometimes have hidden charges, so better avoid them

Interest rates generally range around 8% – 18% depending on lender and repayment type.