"Bring golden days with the help of gold"

What is Gold Loan?

Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically up to 80%, based on the current market value and quality of gold

Benefits of Gold Loan

  • No income proof is required to apply for a Gold Loan.
  • Banks don’t check credit history to grant Gold Loan.
  • Gold loan has less documentation.
  • Gold Loan interest rates are low as compared to personal loans.
  • Agricultural loan against gold is available for an agriculturist at a nominal rate of Interest of 7 – 8% per year.
  • In case of NBFC, borrower will have an option to pay only interest during the tenor of the loan. At the end of the tenure, the borrowed amount is to be repaid in a single shot.
  • Gold Loan takes less processing time.
  • Gold Loan has nominal processing fee or no fee at all.


Documents Required for Gold Loan

Generally, the following documents have to be provided by the borrower in order to avail the gold loan:

  • Duly-filled application form
  • Passport sized photographs
  • Identity proof
  • Address Proof
  • Signature Proof
  • Form 60 or PAN card
  • Proof of age
  • Post-loan disbursement documents, if any.