Borrow against gold jewellery with quick valuation and disbursal. LTV is based on purity and weight — not on salary FOIR alone.
A gold loan is secured by pledged gold ornaments. The lender appraises purity and weight, applies LTV (often up to about 75%), and disburses the eligible amount — frequently the same day after KYC.
Income documents matter less than for personal loans, but KYC is mandatory. You reclaim jewellery after full repayment. Use only regulated banks and NBFCs.
Applicants in Thane and the wider NCR are covered by most large banks and NBFCs, subject to PIN-code serviceability. Final rates and amounts depend on your profile.
| 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 |
*Indicative ranges for comparison. Final offer depends on profile and lender at sanction.
| Gold ownership | You must own the jewellery being pledged (no third-party gold) |
|---|---|
| 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’s appraised value |
| KYC | PAN and Aadhaar mandatory |
| Credit score | Often checked, but the loan remains secured by gold |
| Minimum gold | Product-specific; some NBFCs accept from a few grams upward |
*Product-specific criteria for Gold Loan. Final decision rests with the lender.
| KYC | PAN, Aadhaar, photographs |
|---|---|
| Gold | Jewellery to be pledged (chains, bangles, coins if accepted) |
| Address | As covered in KYC |
| Disbursal | Bank account in applicant name for NEFT/IMPS credit |
No immediate sale — notice and due process apply. Still avoid defaults.
Loan amount as a percentage of appraised gold value — often up to ~75%.
Some lenders accept; many prefer jewellery. Confirm before visiting.
Usually not for standard gold loans; KYC is mandatory.
Often same day after valuation and KYC at the branch.
Some lenders allow after partial repayment.
Yes.
Some NBFCs start digitally; pledge is completed at a centre.
Gold loans are often cheaper because of security.
See Gold Loan.
Also read: Gold Loan (national guide)
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