Apply For Gold Loan

Gold Loan Approval, Interest Rates, Check Eligibility & Offers – Apply Now

Gold loans are a convenient way to support business or personal needs. A gold loan can be utilised to secure financing such as education, weddings, business expansion, and other comparable requirements. Such loans are a popular choice for so many people to meet a variety of financial goals because they need less paperwork or verification. Gold is regarded as a good measure of wealth, and its owners have traditionally used it to get immediate cash loans.

What is Gold Loan?

Gold Loans are secured personal loans made by banks and other financial institutions in exchange for gold jewellery and coins as collateral. The gold is held as a form of security or collateral, and the money is given based on the gold's valuation. Gold loans are available for a short to medium term period, and the registration process is much shorter than that of personal loans.

Nowadays, a number of financial institutions are offering Gold Loans to their consumers at competitive interest rates and with a simple application process. The various features provided by Gold Loan are helping to increase its popularity among Indian customers who require funds quickly for upcoming expenses.

Checkout Gold Loan Interest Rate

According to current rates, HDFC Bank, Yes Bank, ICICI Bank, SBI Bank, Bank of Maharashtra, Federal Bank, and Muthoot Finance offer the best gold loan interest rates, ranging from 7.30 % to 12.50 %.

Gold Loan Interest Rates

Name of the Bank Gold Loan Interest Rate
HDFC Bank 9.00% p.a.
State Bank of India 7.30% p.a.
Punjab National Bank 8.75%p.a.
ICICI Bank 9.00% p.a.
Axis Bank Ltd 12.50% p.a.
Federal Bank 8.50%p.a.
Yes Bank 9.00% p.a.
Muthoot finance 11.99%p.a.
Central Bank of India 9.05%p.a.

Features and Benefits of Gold Loan

Eligibility: Anyone above the age of 18 and up to 75 years old who has gold to pledge is eligible for the loan.

The loan's purpose is to: The loan's end-use is unrestricted. It can be used for almost anything, such as a Personal Loan.

Lower interest rate: When compared to other unsecured loans, the interest rate is comparatively low.

Tenure ranges: Tenure options might range from 3 months to 36 months.

Quick disbursement: Because there is very little paperwork required, the loan can be obtained very quickly.

No Need of Income Proof: For the Gold Loan, no proof of income is necessary.

Credit score: When applying for a Gold Loan, your credit score isn't an issue. The Gold Loan is available to anyone with a bad credit rating.

Eligibility criteria for Gold Loan:

The applicant must be between the ages of 18 to 75.

A steady source of income is required of the applicant.

There is no requirement for proof of income.

The borrower must have gold to put up as collateral.

Documents Required

Gold Loan Application Form
Address Proof: Aadhaar Card, Voter's ID card, Passport, Light bill etc.
Photo ID: Driving licence, voter's ID, Pan Card etc.

Applicant's two recent passport-sized Photo.

Check Your eligibility for loans.


How much loan you are eligible for?

EMI Calculator

Loan Amount is 50000
No. of Month is 12
Rate of Interest [ROI] is 9
Monthly EMI

Total Interest

Payable Amount

Interest Percentage

Frequently Ask Questions

Any Indian citizen can get a gold loan from a bank or a non-banking financial organisation (NBFC), and the age equirements normally range from 18 to 75 years old.

All types of gold jewellery, such as rings, necklaces, and bangles, are currently recognised as security. Some banks accept certain gold coins up to a specified weight as collateral. If the gold ornaments are set with valuable stones, the valuation fees will not include the gems' worth, and your loan amount will be determined by the weight of gold.

Most NBFCs and banks have in-house assessors who determine the value of gold by examining its purity and weight. The amount of your loan is determined by the estimate supplied by our in-house analyser as well as the gold prices at the time of review.

Gold loan applications are typically verified and approved quickly by lenders. You will be given the loan amount after your application is approved. In most circumstances, the time it takes to receive funds might range from a few minutes to up to 48 hours.

Banks usually allow borrowers to pay off their gold loans before the term expires, and most do not incur a penalty for doing so. Others may levy a prepayment penalty, which varies depending on the lender.

Yes, you don't need a strong credit score to get a gold loan because it's a secured loan. So, to qualify for a gold loan, all you need is gold, and those with a bad credit score or defaulted payments are also eligible. However, because gold loans are included in your CIBIL report, you should make regular EMI payments to boost your CIBIL score.

Get Your Free Credit Report

Your credit report is one of the most important factors when it comes to deciding your eligibility for a particular loan.

We provide credit reports for free so you can understand the health of your credit history.

Get Credit Report