• OVERVIEW
  • Features & Benefits
  • FAQs
Gold is one of the most precious and popular metals in India and gold loan serves as a viable financial instrument to obtain credit quickly. You can pledge your gold articles or ornaments as collateral/security and avail a loan up to 75% of the current market value of your gold articles.
Gold Loan: Details
Here are a few basic details about gold loan that you should know:
  • Interest Rate Starting from 10%
  • Loan Amount - Rs. 5000 - Rs. 2 Crores
  • Loan Tenure - 12 months
Processing Fee: Rs 75 of the loan amount (Inclusive of applicable taxes)

Eligibility Criteria for Availing a Gold Loan
  • You must be an Indian citizen.
  • Age must be between 21 and 70 years.
  • Profession must be a salaried employee/self-employed individual/businessman /farmer/trader.
Documents Required for Gold Loan
  • Aadhar Card
  • Passport
  • Driving License
  • Voter ID
  • NREGA job card
  • Loan of up to Rs. 2 Crores: You can get up to Rs. 2 Crores by pledging your gold articles to fulfil your financial requirements.
  • Easy repayment solutions: Pay regular EMIs or opt to pay interest periodically- select from a comprehensive suite of repayment option.
  • Part release facility: Release pledged gold item partially when necessary by repaying the equivalent amount.
  • Transparency Guaranteed during Evaluation: The market value of the deposited gold articles is carefully evaluated, authenticated and calculated using industry-grade karat meters. This will help you get the right value for your collateral.
  • Industry Best Safety Protocols: Your gold items are stored in top-of-the-line vault s under 24X7survellience in motion detector-equipped rooms.
  • Smooth Application Process: Submit your basic details like name, mobile number etc and that’s it. The online process lets you avail gold loan from the comfort of your home.
  • No Part-Prepayment & Foreclosure Charges: You can prepay or foreclose the loan, with no additional charges.
• What is a gold loan?
A gold loan is a secured form of loan where you can provide collateral in the form of gold articles, in exchange for an amount that is determined by the current market value of your gold.
• Who can avail a gold loan?
Any citizen of India, between the age of 21 and 70 years, and is either a salaried or self-employed individual, can apply for a gold loan.
• Can I prepay the loan amount?
This feature varies between each lender, where some allow you to pre-pay the loan amount with no additional charges while others may levy a fee for this service.
• What will happen if I am unable to repay the gold loan amount?
In most cases, the lender will charge an overdue fee over the gold loan amount. However, if you’re still unable to repay the amount, the collateral you’ve pledged will be auctioned.
• Is a guarantor necessary for a gold loan?
No, a guarantor is not required to avail a gold loan.
• Is my gold secured if I avail a gold loan?
Yes, the gold pledged by you as collateral would be highly secure with the lenders since the articles are kept under electronic surveillance. Lenders also offer insurance for the gold deposited with them.