A Gold Loan is the fastest and simplest way to access cash. Simply pledge your gold ornaments — jewellery, coins, or bars — and receive up to 75% of the market value as a loan within a few hours. There is no income proof required, no CIBIL score check, and virtually no paperwork.
Gold Loans are ideal for emergency medical expenses, business working capital needs, agricultural finance, or any sudden financial requirement where you need cash quickly without lengthy approvals.
Types of Gold Loan Products
Standard Gold Loan — Fixed monthly interest, repay principal at end of tenure
Gold Overdraft (OD) — Revolving credit facility; draw and repay as needed, interest only on amount used
EMI Gold Loan — Repay principal + interest in equal monthly instalments
Bullet Repayment — Pay full principal + interest at end of tenure (ideal for short-term needs)
Agricultural Gold Loan — Special rates for farmers and agricultural activities
Key Features & Benefits
Same-day disbursal — cash in hand within 2–4 hours of application
No income proof, salary slips, or ITR required
No CIBIL score check — bad credit score does not affect eligibility
Up to 75% of gold's current market value (LTV ratio as per RBI guidelines)
Gold assessed by certified valuers at fair and transparent market price
Safe and fully insured storage of your gold ornaments in bank vault
Part release of gold available upon partial repayment
Easy closure — get all your gold back immediately upon full repayment
💡 Gold Loan Rate Comparison
Bank/NBFC
Interest Rate
Max LTV
Muthoot Finance
7.5% – 15% p.a.
75%
Manappuram
9.9% – 24% p.a.
75%
SBI
8.7% – 10.5% p.a.
75%
HDFC Bank
9.5% – 15% p.a.
75%
ICICI Bank
10% – 16% p.a.
75%
Eligibility & Gold Accepted
Any individual aged 18 years and above
Gold ornaments accepted: 18 to 24 karat (22 karat is standard for jewellery)
Gold coins (up to 50 grams, bank-issued) accepted by most banks
Stone-studded jewellery valued only on gold weight, not on stones
No minimum income requirement
Documents Required
Aadhar Card
PAN Card
Gold Ornaments for Valuation
Passport-size Photographs
Address Proof (if different from Aadhar)
No income documents required
Frequently Asked Questions
Your gold is assessed by a certified valuer at the bank/NBFC. They measure the purity (karat) and weight using standardised equipment. The loan is then calculated at up to 75% of the gold's current market value based on MCX/market rates for that day.
Yes. Your gold is stored in tamper-proof packets, sealed in your presence, and kept in the bank's insured vault. It is fully insured against theft, fire, and other risks for the entire duration of the loan.
If you default on repayment, the bank/NBFC may auction your gold after providing proper notice. We strongly advise timely repayment. If you face difficulty, contact us immediately — we can help restructure the loan or arrange alternate financing.
Yes. For Gold Loans, the same-day disbursement is standard. You visit the branch, your gold is valued on the spot, documents are verified, and the loan amount is credited to your account or paid in cash (within RBI cash limits) on the same day.
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Key Details
Interest Rate7.5% – 15% p.a.
LTV RatioUp to 75%
Min Amount₹10,000
Max Amount₹1 Crore+
DisbursalSame Day
Tenure3–24 Months
Gold SafetyFully Insured Vault
CIBILNot Required
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