Unlock the value of your gold jewellery or coins. Get instant funds at the lowest interest rates with minimal documentation. No income proof required for smaller loans — just pledge your gold and get cash within hours.
Bank / NBFC
Interest Rate (p.a.)
Max Tenure
LTV Ratio
Processing Fee
Disbursal Time
Apply Now
SBI Gold Loan
8.75%*
36 Months
Up to 75%
Nil
2-4 Hours
HDFC Gold Loan
9.00%
36 Months
Up to 75%
0.50%
2-6 Hours
Muthoot Finance
9.25%
12 Months
Up to 75%
0.25% - 1%
1 Hour
Manappuram Gold Loan
9.15%
12 Months
Up to 75%
0.50%
30 Mins - 2 Hrs
*Interest rates vary based on loan amount, tenure, and gold purity. Terms & conditions apply. LTV as per RBI guidelines (75% max).
What is a Gold Loan?
A Gold Loan is a secured loan where you pledge your gold jewellery, coins, or bars as collateral to borrow funds from a bank or NBFC. It offers instant liquidity at lower interest rates compared to personal loans, with minimal documentation. You can get up to 75% of the gold's market value (LTV ratio as per RBI), and repay through EMIs or bullet payments.
How Does a Gold Loan Work?
You bring your gold to the lender's branch, where they assess purity (karat), weight, and current market price. Based on valuation, they sanction up to 75% of the value. The gold is securely stored in their vault, and you receive the loan amount instantly.
Gold purity & weight assessment by certified appraiser
Loan sanction based on LTV (up to 75%)
Gold stored in bank's secure vault with insurance
Repay via EMI, bullet payment, or interest-only
Gold returned after full repayment
Key Features of Gold Loan
Low Interest Rates: Starting from 8.75% p.a.
Quick Disbursal: Funds within 1-4 hours
Minimal Documentation: Basic KYC only
No Income Proof: For loans up to ₹20 lakhs
Flexible Repayment: EMI, bullet, or interest-only options
Note: No income proof, no salary slips, no ITR required for gold loans up to ₹20 lakhs.
Gold Loan — FAQs
1. How much loan can I get against my gold?
You can get up to 75% of the gold's market value as per RBI guidelines. For example, if your gold is valued at ₹1,00,000, you can get up to ₹75,000 as a loan.
2. Do I need a CIBIL score for a gold loan?
No, CIBIL score is not required for gold loans since it's a secured loan. Even borrowers with low credit scores can easily get a gold loan.
3. What happens to my gold during the loan tenure?
Your gold is securely stored in the lender's vault with proper insurance. It is returned to you in the same condition after full repayment of the loan.
4. Can I prepay my gold loan?
Yes, most gold loan providers allow prepayment or foreclosure without any penalty. Some may charge a nominal fee, but many offer zero foreclosure charges.
5. What is the maximum tenure for a gold loan?
Gold loan tenure typically ranges from 3 months to 36 months (3 years). Some lenders offer up to 48 months with periodic interest payments.
