Gold loan
The fastest cheap money available to a household that owns jewellery.
- Rate far below any unsecured loan
- No income proof and no credit score requirement
- Disbursal often the same day
- Interest charged only for the period you hold the loan
Check your gold loan offers
One form. We take it to the lenders most likely to approve it and bring back the offers.
A gold loan is secured against jewellery you already own, which makes it dramatically cheaper than a personal loan and far quicker to arrange — often the same day, with no income proof and no credit score requirement. The gold sits in the lender's vault and comes back when you repay.
The thing to be careful about is tenure. Gold loans are short by design, and rolling one over repeatedly is how people end up losing jewellery they never intended to risk.
What you get
- Rate far below any unsecured loan
- No income proof and no credit score requirement
- Disbursal often the same day
- Interest charged only for the period you hold the loan
- Jewellery insured and stored in the lender's vault
Who is eligible
- Ownership of gold jewellery, typically 18 to 22 carat
- Age 18 or above
- Aadhaar and PAN
- No income proof required
Documents you will need
- Aadhaar and PAN
- Address proof
- Passport-size photographs
- The jewellery itself, for valuation
Gold Loan — common questions
How much will I get for my gold?
A percentage of the market value of the pure gold content, capped by RBI rules. Stones, and the making charges you originally paid, count for nothing in the valuation — only the gold weight and purity.
What happens if I cannot repay?
The lender issues notices and, if the loan stays unpaid, auctions the jewellery to recover it. Any surplus after settling the dues is returned to you. Talk to the lender before you default — extension and part-payment are almost always available and are far better than an auction.
Bank or gold loan NBFC?
Banks are usually cheaper; specialised NBFCs are faster, open longer hours and lend against a wider range of purity. For a genuine emergency the NBFC often wins; for anything you can plan a day ahead, take the bank rate.
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