Gold Loan

The gold loan also referred to as a loan against gold, is a secured loan that a borrower takes from a lender in lieu of gold ornaments such as gold jewelry. The loan amount sanctioned to you by lenders is generally a certain percentage of the gold’s value. You can repay it through monthly installments after which you get your gold articles back. Unlike other secured loans such as a home loan or car loan, there are no restrictions on the end-use of gold loans. So whether you need to fund a wedding, family vacation, or your child’s education, it is a great way to meet your sudden money requirement. Moreover, a lot of private and nationalized banks along with NBFCs offer gold loans at affordable interest rates.


Anyone who has gold can get a gold loan

Gold Loan Tenure

It usually ranges from 3 to 12 months

All you need to know

How you can repay your gold loan depends on your lender. Most lending institutions let you pay only the interest amount each month and the principal amount at the end of the loan tenure. You can also choose to pay your gold loan through EMIs (Equated Monthly Installments), which will include both the principal and interest component of your loan.

Before approving the loan application, lenders evaluate the pledged gold’s purity and weight. Based on it, the gold’s market value is determined based on its current rate, which further helps in reaching the final gold amount that is to be sanctioned by lenders. Most lenders offer a gold loan with a value up to 75 percent of the pledged gold’s market value.

For a Gold Loan, the bank takes your gold as collateral for the period of the loan. Banks charge an interest rate, and once you repay the entire loan, the bank returns your jewellery

Meet Our Team