What it is
A gold loan is secured by gold jewellery. Because the security is in hand, approval is fast and income documents are minimal. The amount depends on the gold's weight and purity; the rate depends on the lender and scheme.
Who it suits
- Short-term or urgent needs
- Borrowers with limited income documentation
- Small businesses bridging a cash-flow gap
Which lenders fit
Typical appetite by lender type for a well-documented profile. Your own answers can change this — run a Match Check.
Strong fit
Private banks price well for strong scores and documented income, and move quickly.
Strong fit
Public sector banks often have the lowest rates, with stricter paperwork and slower turnaround.
Possible
NBFCs accept a wider range of profiles, including the self-employed, usually at a higher rate.
Strong fit
Small finance banks lend to thinner files and smaller towns, usually at a higher rate.
Typical eligibility
Anyone
- Age 18 or above
- Ownership of gold jewellery of acceptable purity
- KYC documents
Each lender sets its own criteria. These are common starting points, not guarantees.
Documents to keep ready
- PAN and Aadhaar
- The gold jewellery for valuation
You share documents only with your advisor or the lender, never on this website.
Indicative rates
| Lender type | Rate range | Processing fee | Max tenure | As of |
|---|---|---|---|---|
| Public sector banks sample | 8.75 – 11.00 % | Nominal | 1 yrs | 19 Sep 2026 |
| Private banks sample | 9.00 – 17.00 % | 0.25–1.00 % | 1 yrs | 19 Sep 2026 |
| Small finance banks sample | 10.00 – 20.00 % | 0.50–1.00 % | 1 yrs | 19 Sep 2026 |
| NBFCs sample | 11.00 – 24.00 % | 0.50–1.00 % | 1 yrs | 19 Sep 2026 |
Questions
How much can I borrow per gram?
Lenders fund a regulated share of the gold's value. The exact amount changes with gold prices and the lender's valuation.
What happens if I miss payments?
The lender can auction the gold after due notice. Read the terms carefully.