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Check Gold Loan Eligibility

A gold loan is a one-stop solution for all your financial emergencies. Availing a gold loan involves a straightforward process as it is a secured loan type. All you have to do is pledge the gold as security for getting a loan amount starting from ₹1500.

You can avail these loans at attractive gold loan interest rates starting from 8.88% by submitting minimal documents.

However, before applying for a gold loan, you must review the lender's eligibility criteria.

Eligibility Criteria

  • Minimum age required for a customer to apply for gold loan is: 18 years
  • Must be an Indian citizen
  • Maximum age to apply for gold loan is: 65 years

Note that only 18 to 24-karat gold jewellery can be pledged for a gold loan. 

Once you meet these essential eligibility criteria, you can submit the required documents for a gold loan after the lender approves.

Gold Loan Eligibility Calculator

The eligibility calculator helps you instantly calculate the funds you could borrow against the gold. This free online tool will help simplify the loan procedure. In addition, you can use the gold loan eligibility calculator to check the gold loan eligibility criteria. 

Furthermore, you can check the amount you can borrow based on the following parameters:

  • Number of gold ornaments and jewellery

  • Their respective weights

  • Their purity in karats

Documents Required for a Gold Loan

You have to submit the following list of gold loan documents when availing a loan at Bajaj Markets:

Identity Proof 

Any one of the following:

Aadhaar card/PAN Card/Voter ID/Driving licence/Ration card/Passport copy

Address Proof

Any one of the following:

Aadhaar card/Voter ID/Driving licence/Utility bill/Passport copy

In addition, you can also check your monthly instalments beforehand by accessing the gold loan EMI calculator at Bajaj Markets. This helps you plan your finances better and choose the right product.

FAQs on Gold Loan Eligibility

There is no need to furnish income documents or salary proof to get a gold loan. All you need to provide is your identity and address proof.

If you have a good credit score, you can obtain a gold loan from most banks and NBFCs, even if you are not an existing customer. However, in some cases, an existing customer may have to introduce you to the lender before you can apply for the loan. 


This ensures the lender can trust you before offering a gold loan. Nonetheless, having an existing relationship with the lender is optional, and most lenders are willing to offer gold loans to those who are not customers.

The loan amount from a gold loan starts from ₹5,000 and can go up to crores, depending on factors such as the interest rate, weight, and purity of your gold. Typically, you can get a loan of up to 75% of your gold's value. This percentage may vary depending on the lender's policies and the gold's quality. Still, it is generally a good benchmark to consider while assessing the maximum loan amount you can receive.

The minimum weight for a gold loan may differ from one lender to another. Hence, it is best recommended that you confirm the same from your lender.

Generally, a PAN card is mandatory for getting a gold loan. However, check with your lender before you apply for a loan.

Most lenders offer you a gold loan even when you do not have the bill or receipt. The gold you are planning to pledge will be assessed for value by the lender.


As a borrower, you can repay your gold loan based on your lender's policies. You can choose an EMI option and select a frequency that suits you. 


Alternatively, you may make partial payments. However, if you opt for bullet repayments, you must repay the principal and interest together at the end of the tenure.

Yes, you can get a gold loan against studded jewellery as well. Most lenders accept studded gold jewellery as collateral for gold loans. 


The loan amount, however, will depend on the purity of the gold and the quality of the stones. The lender will consider the current market value of gold while calculating the loan amount.

Yes, as a farmer, you can apply for a gold loan. Many lenders offer gold loans to farmers, as it is an easy way for them to access credit.


The loan amount may depend on the value and purity of the gold you provide as collateral.

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