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Make informed decisions before borrowing against your gold. Read the Intro.

Growingly Popular

Interest in gold loans is at an all time high. 

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Select The Right Option

Review our objective information below.

Borrow against the gold you own, picked-up from your doorstep securely.

Gold loans are a traditional and effective option, especially popular in India as of 2020. Banks lend readily because borrowers pay them back reliably as it is a secured loan. Borrowers such as entrepreneurs benefit from low and near zero-interest rates. 

Process of availing a gold loan

1. Purity assessment to ascertain the amount that can be borrowed.
2. Decide the repayment terms and period.

Lower interest rates and processing fees

Minimal documentation required.

Waiver on loan’s foreclosure charges

Flexible repayment tenures

Lenient eligibility criteria

You can pledge your gold ornaments as collateral and the lender, in turn, offers an amount equivalent to the market value of the pledged gold. The pledged gold is returned after repayment of the loan amount and the interest amount based on an agreed tenure. Gold bars, coins, or bullions aren’t accepted by credible banks for loan purposes. Rather, typical gold loans borrow with non-commodity collateral like heirloom jewelry, chains, and personal luxury items with a high fair appraisal value.

How safe is your gold under the lender’s custody? An unlicensed bank or Non-Banking Financial Company (NBFC) isn’t a good option. Avoid any chance of the jewelry getting misplaced or swapped. Expect evidence your gold is altogether secured in a vault which ensures the guaranteed safety of it. Find peace of mind when pledged precious gold items are preserved safely under secure custody until the repayment of the loan. However, understand you will lose ownership in the case of non-payment. Defaulting against the loan means you lose your gold.

Did you know? According to the Reserve Bank of India guidelines, the loan amount that can be taken under gold pledging can be up to 75% of the value of gold. Also, an additional processing fee has to be paid as per the bank’s policy.

Required Identity Documents

1 passport photograph, photo Identity proofs (passport, driver's license, Aadhaar card). Proof of address like bills. Form 60 or PAN card. Anyone at least 18 years old Is eligible.

Repayment Tenure: The repayment cycle of pledged gold loans is generally between 6 months to 2 years, per the lender’s discretion. There may also be instances of loan tenure extensions with higher interest rates.

Gold Loan Repayment Options

There are various options offered by gold loan lenders to make the repayment process convenient and easy.

- Upfront Interest: Borrows pay complete interest at the beginning and the principal amount towards the end of the term.

- Bullet Repayment: Calls for payment of the entire amount, both principal and interest, at the end of the loan tenure.

- Regular EMIs: Calls for regular repayment in the form of calculated EMIs, equated monthly installment.

- Overdraft facility: Calls for paying the interest only on the utilized amount.

Results of non-repayment of gold loan 

Non-repayment of your gold loan gives the lender clear rights to auction your pledged gold. So, it’s very important to identify your repayment capacity prior to opting for a gold loan.

Be careful who you do business with

As gold prices continue to rise, gold loans are a reasonable option for a financial crunch or a well thought out investment that allows you to produce cashflow without selling assets that can create multi-generational wealth. 

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