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Pledge gold, take the money the same day, and repay principal and interest together at the end.
A gold loan is the fastest secured loan in India. You take your jewellery to the branch, it is weighed and tested in front of you, and the money is usually in your hands within an hour or two. No credit score is checked, because the gold is the security.
You pay nothing month to month. At the end of the tenure, usually three to twelve months, you repay the principal and the accumulated interest together in one payment, and your gold is returned.
This suits a genuinely short-term need where money is definitely coming: a delayed payment from a customer, a crop about to be sold, a bonus due. It does not suit a need you are hoping to resolve. Nothing is repaid along the way, so the full amount must be found on the due date.
The RBI caps banks at 75% of the gold's value. Only the gold content counts, so stones, beads and the making charge are excluded. A necklace weighing 50 grams gross with stones might yield only 40 grams of net gold weight, and the loan is calculated on that.
If you do not repay, the lender auctions your gold. You will get notice first, and any surplus after dues is returned to you, but the jewellery itself is gone. For family gold with sentimental value, this is a real consideration, not a theoretical one.
We compare the effective rate across lenders, which varies far more than the advertised rate suggests, and we make sure you understand exactly what falls due, and when.
Typically completed within one to two hours at the branch, from valuation to money in hand.
The gold is the security, so a poor or absent credit history does not block the loan.
Principal and interest are settled together at the end, which keeps monthly cash flow free.
Jewellery is sealed and stored in the branch vault and returned in the same condition on repayment.
| Purity accepted | 18 karat to 24 karat gold jewellery and specified bank-issued coins |
|---|---|
| Funding | Up to 75% of the gold value, as capped by the RBI for banks |
| Weight basis | Net gold weight only. Stones, beads and making charges are excluded. |
| Age | 18 years and above |
| Ownership | The gold must be yours. A simple ownership declaration is required. |
These are typical criteria. Individual lenders vary, and we will tell you which ones are flexible on your particular case.
You do not need any of these to enquire. We only ask for documents once we know which lender we are approaching.
Pre-filled with this product's own rate band and limits.
Pre-filled with the indicative rate band for Gold Loan with Bullet Repayment. Move the sliders to match your own case.
Ten lakh
8 mo
Your monthly EMI
₹1,29,256
for 8 mo
These numbers are indicative. Your actual offer depends on the lender. Most loans in India are floating rate, so the EMI can change when the RBI moves rates.
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