Gold loan eligibility
Who can get a gold loan?
Gold loans are among the easiest loans to get: your gold is the security, so there are few conditions. Here's what the lender checks.
You can apply if you
- Are 18 years or older
- Live in India and have valid KYC documents
- Own the gold you want to pledge
- Can visit the lending partner's branch with your gold
Gold that is accepted
- Gold jewellery and ornaments of 18 to 24 carats
- Coins or other forms of gold: ask our advisor, as it depends on the lender's policy
Gold that is not accepted
- Gold-plated or imitation jewellery
How much you can borrow
RBI caps the loan at a share of your gold's value, called the loan-to-value (LTV) ratio. Smaller loans can go higher:
| Loan amount | Maximum loan-to-value |
|---|---|
| Up to ₹2.5 lakh | Up to 85% of gold value |
| ₹2.5 lakh – ₹5 lakh | Up to 80% |
| Above ₹5 lakh | Up to 75% |
What decides your loan amount
Net gold weight
Only the gold counts. Stones, beads, lac and other non-gold parts are deducted.
Purity
22K jewellery is about 91.6% gold, 18K about 75%. The lender tests purity at the branch.
Gold rate
The lender values gold using a benchmark rate set under RBI rules, based on recent market prices.
Loan size
The LTV limit above depends on how much you borrow — the more you borrow, the lower the cap.
Frequently asked questions
Do I need a good CIBIL score for a gold loan?
Usually not. Because your gold secures the loan, lenders focus on the gold rather than your credit score, though they may still check your credit history.
Do I need income proof?
Not for most gold loans. For larger loans the lender may ask about your income to check that you can repay.
Do I need the purchase bill of my jewellery?
It helps but is not required. If you don't have it, you can sign a declaration that you own the gold.
Can self-employed people, farmers or homemakers apply?
Yes. Anyone who meets the conditions above can apply — there is no job or salary requirement.
Is there a minimum amount of gold?
There is no fixed minimum weight, but the minimum loan amount is ₹15,000. Share your approximate gold weight when you apply and our advisor will tell you what's possible.
Your gold can do more for you today
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