Gold loans are secured loans where you pledge gold jewellery/coins as collateral. Maximum loan: 75% of gold value (RBI mandate). Interest calculated on reducing balance (banks) or flat basis (some NBFCs). Tenure: 3–36 months. No income proof or credit score required for most lenders.
Gold Loan Process:
Take gold jewellery to lender (bank/NBFC)
Lender assays gold purity and weight
Loan offer: up to 75% of gold market value
Submit KYC documents (Aadhaar + PAN)
Loan disbursed within 1 hour (NBFC) to 24 hours (bank)
Repay principal + interest to get gold back
SBI Gold Loan — sbi.co.in (lowest rate ~7.5%)
HDFC Gold Loan — hdfcbank.com (~9–10%)
Muthoot Finance — muthootfinance.com (~12–24%)
Manappuram — manappuram.com (~12–26%)
IIFL Gold Loan — iifl.com
Compare: effective rate per annum (not monthly)
Check LTV offered (75% RBI cap applies to all)
Ask about foreclosure charges (some NBFCs charge 1–2%)
Verify gold is stored in secure vault (insured)
Compare: processing fee + valuation fee
Banks: lower rate but more paperwork; NBFCs: instant but higher rate
We help Gold & Jewellery businesses grow
You found the resource — now let us handle the marketing, tech, and growth.
🎯
Google Ads
Get in front of buyers actively searching for your service. We run ₹1L–₹50L/month campaigns with full tracking.