Hassle-free loan against gold


Own the evergreen, traditional ornament of prosperity.

  • Benefits
  • Features
  • Eligibility
  • Repayment Mode
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

Retail Gold Loan : Benefits

  • Hassle-free loan against gold
  • No income proof required
  • Attractive gold loan interest rates
  • Easy gold loan online application process
  • Immediate gold loan disbursal
  • Easy eligibility criteria with no credit score requirement
  • No hidden charges or fees on loan against gold
  • No guarantor is required in gold loan

Retail Gold Loan : Features

  • Maximum Loan up to Rs. 50 lakhs per customer
  • No processing charges up to Rs. 3 lakhs
  • No pre-closure, or prepayment charges on gold loans
  • 12 months and 36 months EMI scheme options
  • Gold loan is provided against a minimum of 18-carat gold jewellery/ornaments
  • Loan to any purpose other than speculation

Retail Gold Loan : Eligibility

  • All individuals applying for the retail gold loan must be true owners of the gold ornaments/jewellery or specially minted gold coins sold by the Banks (maximum up to 50 gm per borrower)
  • The applicant must be an Indian resident
  • Type of facility: Demand loan, overdraft and EMI
  • Purpose: Any purpose other than speculation
  • Maximum Limit: Rs. 50 lakhs per customer
  • Tenure: 12 months and a maximum of 36 months for EMI scheme.

Retail Gold Loan : Repayment Mode

You can repay the retail gold loan in monthly interest payments, with the principal to be repaid through a bullet payment option available at any point during the loan's tenure.

Alternatively, borrowers can choose to make Equated Monthly Instalments (EMIs) on a monthly basis.

Bullet Repayment (LTV -65%) with the provision that Interest will be accrued to the account and compounded at monthly rests, but will be paid at the end of the tenure (maximum 12 months from the date of sanction) along with the principal i.e. principal and interest both to be paid on maturity of the loan.

Retail Gold Loan : Interest rates & charges

Scheme Name  Floating ROI option Fixed ROI Option, up to 31.03.2026
Demand Loan and EMI Loan BRLLR+SP+1.00% i.e   9.40% p.a 9.00%
Overdraft Loan BRLLR+SP+1.10% i.e.   9.50% p.a 9.00%

*Subject to change of BRLLR


Processing charges:
Up to Rs 3.00 lakhs NIL
Above Rs 3.00 lakhs up to Rs 50.00 lakhs Applicable charges +GST

Security :

Secured by minimum 18 carat Gold Jewellery / Ornaments.


Pre closure / Pre payment:

Nil

Retail Gold Loan : Most Important Terms and Conditions (MITC)

  • No Loan will be granted to third party.     
  • Pledge of jewellery from pawn brokers is prohibited.

Important Information

The Bank may use the services of agents in sales/marketing and that of Business Correspondents (BCs), Corporate BCs and Business Facilitators (BFs) in sourcing & sales fitment of Gold loans etc.

Frequently Asked Questions (FAQs)

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