Gold Loan
A gold loan requires no income proof and no credit score. Jewellery is assessed for its gold content, the RBI caps the loan-to-value at 75%, and disbursal is often within the hour. Banks are cheaper; NBFCs are faster and value more liberally.
What a gold loan looks like
Loan to value
Capped at 75% of the assessed gold value by RBI rule
Credit score
Not required — the gold itself is the security
Repayment
Standard EMI, or bullet schemes with interest paid monthly
Disbursal
Within 30–60 minutes at most branches
Eligibility
- Any individual aged 18 or above
- Gold jewellery of 18–24 carat purity
- Valid KYC documents
- No income proof or credit history required
Documents required
- PAN or Form 60
- Aadhaar or other address proof
- Passport-size photograph
Frequently asked questions
At a 24K rate of ₹9,500 per gram, 22-carat jewellery is valued around ₹8,700 per gram, and the 75% LTV cap supports roughly ₹6,525 of loan per gram.
The lender issues notices and, after the statutory notice period, auctions the pledged gold, returning any surplus. Most lenders will restructure if you engage early.
Gold Loan calculators
Run the numbers before you speak to a lender — it is the difference between negotiating and accepting.
Know your number before you apply
Check eligibility and EMI here first. A formal application leaves a hard enquiry on your credit file — these calculators do not.