notification menu

    Gold loan or loan against gold is a secured loan in which a customer pledges his/her gold ornaments as collateral with a gold loan company. The bank, in turn, gives a loan amount as per the market value of gold to the customer. It is a very quick and easy way of fulfilling one’s financial needs as compared to the other loans.


    • Facilities Type: Overdraft or Demand Loan
    • Purpose: To fulfill personal financing need
    • Balance Limit: Rs. 25,000 to Rs. 1,500,000 (for individuals)
    • Rs. 25,000 to Rs. 2,500,000 (for institutions).
    • Target Customer: Housewives, jewelry shop owners
    • DBR: N/A
    • LTV: 1. Up to 80% against coin and bar 2. Up to 70% for ornaments
    • Tenure: 1 year revolving for overdraft (as per approval for
    • demand loan not exceeding 1 year).
    • Collateral: 24 carat gold
    • Age: 21 years to 70 Years at the time of maturity

    Required Documents