Loan Against Gold (Gold Loan) — Fast, Secured Funding
Apni gold jewelry ko mortgage rakh ke instant funding — Gold Loan up to ₹1 crore+, same-day disbursement, no income proof needed.
Overview
Loan Against Gold (commonly Gold Loan) ek secured loan hai jisme borrower apni gold jewelry ya coins lender ke paas pledge karta hai. RBI guidelines ke according, gold loan LTV (Loan-to-Value) 75% tak ho sakta hai gold value ka. Yeh India ka oldest aur most popular short-term credit form hai. Banks, NBFCs (specialized gold loan companies), aur cooperative banks gold loans dete hain. Disbursement typically same-day, kabhi-kabhi 15-30 minutes me.
Key Details
| Category | Detail | Description |
|---|---|---|
| LTV (Loan-to-Value) | Up to 75% (RBI cap) | Of gold value |
| Gold Purity Accepted | 18-22-24 karat | BIS hallmark preferred |
| Tenure | 6 months to 3 years typical | Short to medium term |
| Loan Range | ₹1,000 to ₹1 crore+ | Smallest tickets common |
Note: Indicative figures from publicly available sources. Subject to revisions and lender/regulator discretion.
Eligibility
- Age: 18-75 years
- Indian resident
- Gold ownership proof (typically gold receipt or self-declaration)
- No specific minimum income criteria
- No mandatory credit score check
- First-time borrowers also eligible (gold is collateral)
Required Documents
- PAN card
- Aadhaar card (mandatory for loans above ₹50,000)
- Address proof
- Gold itself (jewelry, coins) — purity testing happens at branch
- Photographs
- Application form (lender-provided)
Specific documentation may vary. Verify with implementing authority/lender.
Application/Application Process
- Lender branch visit karo with gold + identity documents
- Gold purity testing on-site (acid test / electronic test / XRF)
- Gold weight + purity ke basis pe valuation
- LTV % apply hota hai → loan amount calculation
- KYC verification + loan agreement signature
- Disbursement (cash for smaller amounts, bank transfer for larger)
Key Benefits
- Same-day (often 15-30 minutes) disbursement
- No credit score / CIBIL check required
- No income proof needed
- Flexible tenure (typically 3-36 months)
- Multiple repayment options: EMI, bullet, partial payments
- Lower interest than unsecured personal loans (typically 8-15%)
🚀 General Guidance Needed?
ProWiderKart facilitator se free advisory le sakte ho — general information aur direction ke liye.
💬 WhatsApp Free AdvisoryFrequently Asked Questions
Gold loan me LTV maximum kitna hai?
RBI guidelines ke according maximum 75% of gold value tak loan mil sakta hai. Higher LTV regulation violation hota hai. Different lenders different LTV apply karte hain (60-75% range).
Kya gold coins pe loan mil sakta hai?
Haan, but conditions ke saath — RBI rules ke according only specially minted bank gold coins (banks ki) eligible hain, up to 50 grams per borrower. Bullion/biscuits typically eligible nahi for gold loan.
Default karne pe kya hota hai?
Default ki situation me lender ne typically 3 months notice period deta hai. Notice period ke baad pledged gold auction ho sakta hai. Auction proceeds se loan recover hota hai, balance (agar ho) borrower ko milta hai.
Interest rate kya hoti hai?
Lender-specific — banks typically 8-12% per annum, NBFCs 12-24% per annum. Loan tenure, LTV%, gold purity, market rates depend karte hain.
Gold ki purity kaise check hoti hai?
Acid testing (traditional), electronic testing machines, ya XRF (X-Ray Fluorescence) — sab methods se test hota hai. BIS Hallmarked jewelry me purity verified hoti hai, faster process.
Tax implications kya hain?
Gold loan ka principal repayment koi tax benefit nahi hota. Interest paid agar business purpose ke liye loan liya hai to deductible ho sakta hai. Personal use ka interest typically non-deductible. CA se consult karo.