Gold Loan
Borrow against gold jewellery with quick valuation and disbursal. Compare LTV and interest from banks and NBFCs.
Loan options focused on Gold Loan
Gold Loan borrowers usually evaluate banks and NBFCs that actively service the city. The market is marked by Indian city market and salaried and self-employed mix. Lenders usually look at banking stability and FOIR before treating the pin code as a deciding factor.
Use product pages for Gold Loan to review eligibility, documents and indicative charges, then submit one clear enquiry.
- City focus: Gold Loan
- Corridors: city and nearby localities
- Demand pattern: growing formal credit demand
- Tip: Self-employed cases move faster when GST/ITR and current-account conduct are consistent.
Gold Loan – Overview
A gold loan is secured by pledged gold. Valuation is done by the lender; LTV depends on purity and policy.
Tenures are often short to medium. Interest can be lower than many unsecured loans. Release gold after full repayment.
Check Your Eligibility
EMI Calculator
Top Lenders for Gold Loan
| Bank / NBFC | Interest Rate | Loan Amount | Tenure | Processing Fee | |
|---|---|---|---|---|---|
| SBI | ~7.50%–9.50% p.a. | ₹5,000 – ₹50 Lakh+ | 6 – 36 months | Nil – 0.50% | Apply |
| Muthoot Finance | ~9.00%–16.00% p.a. | ₹1,500 – ₹1 Cr | 3 – 36 months | Nil – 1.00% | Apply |
| Manappuram Finance | ~9.00%–16.00% p.a. | ₹1,000 – ₹1 Cr | 3 – 36 months | Nil – 1.00% | Apply |
| Federal Bank | ~8.00%–12.00% p.a. | ₹5,000 – ₹50 Lakh | 6 – 36 months | Up to 1.00% | Apply |
| Indian Bank | ~8.00%–11.00% p.a. | ₹5,000 – ₹25 Lakh | 6 – 36 months | Nil – 0.50% | Apply |
| IIFL Finance | ~9.50%–15.00% p.a. | ₹5,000 – ₹1 Cr | 3 – 24 months | Up to 1.00% | Apply |
| HDFC Bank | ~8.50%–12.00% p.a. | ₹25,000 – ₹50 Lakh | 6 – 36 months | Up to 1.00% | Apply |
| ICICI Bank | ~9.00%–12.50% p.a. | ₹10,000 – ₹50 Lakh | 6 – 36 months | Up to 1.00% | Apply |
Rates and limits are indicative only, may change without notice, and are not an offer. Final terms are set by the lender after eligibility assessment. Verify current offers with the bank or NBFC.
*Indicative ranges for comparison. Final offer depends on profile and lender policy at sanction.
Everything You Need to Know
Eligibility Criteria
| Gold ownership | You must own the jewellery being pledged |
|---|---|
| Age | Usually 18 – 70 years (lender specific) |
| Gold purity | Typically 18 – 22 carat hallmarked or tested jewellery |
| LTV | Usually up to 75% of the lender appraised value |
| KYC | PAN and Aadhaar mandatory |
| Credit score | Often checked; loan remains secured by gold |
*Indicative only.
Documents Required
| Identity (KYC) | PAN and Aadhaar (or passport / voter ID as accepted) |
|---|---|
| Address proof | Aadhaar, utility bill or passport from lender list |
| Income – salaried | Last 3–6 months salary slips; Form 16 if asked; 3–6 months bank statements |
| Income – self-employed | ITR + computation for 2 years; GST returns if registered; 6–12 months statements |
| Employment / business | Employee ID / appointment letter; Udyam / GST / registration for businesses |
| Disbursal | Cancelled cheque or account details in applicant name |
Processing Fees & Charges
- Processing fee: commonly 0.50% – 2.50% of loan amount
- Documentation / stamp charges: state-wise actuals
- Valuation / legal (secured loans): often ₹2,000 – ₹10,000+
- Prepayment: many floating home loans flexible; personal loans may charge 2%–5% after lock-in
- Late payment: penal interest often 2%–3% per month on overdue EMI
- Insurance: optional or bundled; premium may be financed
Application Process
- Visit branch or authorised centre
- Gold valuation and purity check
- Sanction based on LTV
- Pledge and disbursal
- Repay and release gold
Frequently Asked Questions
Will I lose my gold?
Only after prolonged default and due process. Timely repayment releases the gold.
What is LTV?
Loan amount as a percentage of gold valuation.
Can I repay early?
Often yes; check foreclosure terms.
Are coins accepted?
Some lenders accept; many prefer jewellery.
How fast is disbursal?
Often same day after valuation and KYC.
Is CIBIL mandatory?
Secured product; still many lenders check bureau.
Interest type?
Often monthly reducing or scheme-specific.
Multiple loans on same gold?
Generally one pledge with one lender.
Online gold loan?
Some NBFCs offer digital journeys with branch completion.
Is LoanPao free?
Yes for enquiry and comparison.