Gold Loan Eligibility Calculator

To be eligible for a gold loan applicant must be over 18 years but below 75 years of age. KYC documents will be required to establish identity and address proof. Some banks may even ask for income proofs to establish repayment capability.

Documents Required

Identity Proof	Passport, PAN Card, Aadhaar Card, Voter’s ID Card, Driving Licence, Photo Credit Card, Central and State Govt. issued Photo ID Proof, Defence ID Card, etc.
Residence Proof	Aadhaar Card, Ration Card, Passport, Bank Account Statement, Voter’s ID Card, Letter from any recognized public authority, Telephone Bill, Electricity Bill, Water Bill (not more than 3 months old), etc.
Income Proof	Salary Slips (not more than 3 months old), Bank Statements (not more than 3 months old), ITR, Form-16, etc.

The eligibility criteria and other details for gold loan of certain banks and NBFCs are given below for your reference.

HDFC Bank | Rupeek | Fincare Small Finance Bank | SBI | ICICI

HDFC Bank Gold Loan

Age	18 to 75 Years
Minimum Loan Amount	Urban Areas – Rs. 25,000 Rural Areas – Rs. 10,000
Tenure	3 to 24 months
HDFC Bank Gold Loan Interest Rate	9.9% onwards

Rupeek Gold Loan

Age	18 to 75 Years
Loan Amount	No limit
Tenure	6 months onwards
Rupeek Gold Loan Interest Rate	10.68% onwards

Fincare Small Finance Bank

Age	18 to 75 Years
Loan Amount	Min. – Rs. 5,000 Max. – Rs. 25 lakh
Tenure	9 months
Fincare Small Finance Bank Gold Loan Interest Rate	14.75% onwards

SBI Bank Gold Loan

Age	18 years & Above
Loan Amount	Min. – Rs. 20,000 Max. – Rs. 50 lakh
Tenure	Up to 36 months
SBI Bank Gold Loan Interest Rate	7.3% onwards

ICICI Bank Gold Loan

Age	18 to 75 Years
Loan Amount	Min. – Rs. 10,000 Max. – Rs. 1 crore
Tenure	3 to 12 months
ICICI Bank Gold Loan Interest Rate	10% onwards

Paisabazaar has partnered with gold loan providers to offer you a hassle-free application process. You can apply for gold loan from our platform to get competitive interest rates on your loans with quick processing.

1. Click here to visit our gold loan application page
2. Enter the required details
3. Click on Proceed
4. Select the bank or NBFC from which you want to apply for the loan from
5. Follow the on-screen instructions to complete the process

Post submission, a representative from the bank or NBFC will contact you to share further instructions. You might get the option for doorstep visitation for appraisal and collection, if not then you will have to visit the bank. Post evaluation, the bank will grant the loan accordingly.

Gold loan applicants, especially those who are taking a loan for the first time, should be aware of the following points.

Maximum Loan Amount – The bank will evaluate the gold articles and then extend a percentage of the value of gold articles as a loan. Currently, you can get up to 90% of the value of gold articles as loan amount. However, the bank has the right to not extend the maximum loan amount. Thus, if the bank appraises your gold articles at Rs. 10,000, then you may get up to Rs. 9,000 as loan amount.

Security – The banks and NBFCs keep your gold articles safely in their vault. Some lenders even provide insurance. You may enquire about the safety measures taken by the bank at the time of application.

Payment Default – If you fail to clear your dues by the due date then the bank reserves the right to sell your gold articles to retrieve the loan amount.

Note Choose a tenure based on your income and loan requirements. Gold loans with shorter tenures charge a higher interest rate but the total interest paid on it during the term of the loan will be lower.

Can anyone avail the gold loan?
Gold loan can be availed by anyone who is over 18 years of age and has eligible gold articles. Applicants must also meet the bank’s other internal criteria.

I am a farmer. Can I apply for a gold loan?
Yes, you can apply for a gold loan by pledging your gold articles.

I am a trader. At the time of loan application, the bank asked for income proof, what should I submit?
You can submit your ITR acknowledgement slips as a proof of your income.

Will I get gold loan on studded jewelry as well?
Yes, you can avail gold loan on studded jewelry. However, the bank will only consider the value of gold during evaluation and not the precious stones studded in them.

How can I repay the gold loan amount?
You can repay the loan amount via cash, cheque, Demand Draft (DD) or through fund transfer. You may also use the bank’s mobile app to pay off the amount.