Gold Loan Eligibility Calculator

A gold loan is a secured loan provided against gold jewelry. It's an accessible way to address financial emergencies because the eligibility criteria are quite flexible. You can obtain a gold loan by simply submitting your gold jewelry and copies of KYC documents to the lender. Some banks may not even require proof of income. The funds obtained from a gold loan can be used for various purposes, including agricultural expenses, educational expenses, and more. Additional details on gold loan eligibility are provided below.

Gold Loan Eligibility


Profession – Businessman, Farmer, Trader, Salaried / Self-Employed professional

Age – 18 to 75 years of age

Documents Required KYC documents to establish identity and address. Aadhaar Card, PAN Card, Passport, Driving license, Voters’ ID Card are accepted
Loan Amount Rs. 1,500 Onwards
Minimum Gold Purity 18 Karat
Loan To Value (LTV) 90%
Gold Accepted Gold jewellery, ornaments, coins, etc.

How to Apply for Gold Loan?

MybankingTips has teamed up with various gold loan providers to make the application process hassle-free for you. You can apply for a gold loan through our platform and benefit from competitive interest rates and quick processing.

  1. Visit our gold loan application page by clicking the provided link.
  2. Enter the required details as prompted.
  3. Click on "Proceed" to continue.
  4. Choose the bank or NBFC from which you wish to apply for the loan.
  5. Follow the on-screen instructions to complete the application process.

After you submit your application, a representative from the bank or NBFC will get in touch with you to provide further instructions. Depending on the lender's policy, you may have the option for a doorstep visit for appraisal and collection. If not, you may need to visit the bank in person. Once your gold items are evaluated, the bank will grant the loan accordingly.

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Gold Loan Eligibility for Top Banks

HDFC Bank Gold Loan

HDFC Bank Gold Loan Interest Rate 9.9% onwards
Age 18 to 75 Years
Tenure 3 to 24 months
Minimum Loan Amount

Urban Areas – Rs. 25,000

Rural Areas – Rs. 10,000

ICICI Bank Gold Loan

ICICI Bank Gold Loan Interest Rate 10% onwards
Age 18 to 75 Years
Tenure 3 to 12 months
Loan Amount

Min. – Rs. 10,000

Max. – Rs. 1 crore

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Fincare Small Finance Bank

Fincare Small Finance Bank Gold Loan Interest Rate 14.75% onwards
Age 18 to 75 Years
Tenure 9 months
Loan Amount

Min. – Rs. 5,000

Max. – Rs. 25 lakh

SBI Bank Gold Loan

SBI Bank Gold Loan Interest Rate 7.3% onwards
Age 18 years & Above
Tenure Up to 36 months
Loan Amount

Min. – Rs. 20,000

Max. – Rs. 50 lakh

Rupeek Gold Loan

Rupeek Gold Loan Interest Rate 10.68% onwards
Age 18 to 75 Years
Tenure 6 months onwards
Loan Amount No limit
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Things to Know before Applying for Gold Loan

Gold loan applicants, especially first-time borrowers, should consider the following points:

Maximum Loan Amount: The bank assesses the value of your gold items and offers a percentage of that value as a loan. Currently, you can receive up to 90% of the value of your gold items as a loan. However, the bank may not always extend the maximum loan amount. For instance, if your gold items are appraised at Rs. 10,000, you may receive up to Rs. 9,000 as the loan amount.

Security: Banks and NBFCs securely store your gold items in their vaults, with some lenders offering insurance coverage. You can inquire about the safety measures taken by the bank when applying for the loan.

Payment Default: If you fail to repay the loan by the due date, the bank has the right to sell your gold items to recover the loan amount.

Gold Loan Eligibility & Documents Required

To qualify for a gold loan, the applicant must be between 18 and 75 years old. KYC documents will be necessary to verify identity and address proof. Additionally, some banks may request income proof to assess the applicant's repayment capability.

Documents Required

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

1. Will I get gold loan on studded jewelry as well?

Yes, you can get a gold loan using jewelry with precious stones. However, the bank will only assess the value of the gold itself and not the value of the precious stones in the jewelry.

2. How can I repay the gold loan amount?

You can repay the loan amount using cash, cheque, Demand Draft (DD), or fund transfer. Some banks also offer the option to repay through their mobile app.

3. Can anyone avail the gold loan?

Gold loans are available to individuals aged 18 and above who possess eligible gold articles. Applicants must also meet the internal criteria set by the bank.

4. I am a trader. At the time of loan application, the bank asked for income proof, what should I submit?

You can use your Income Tax Return (ITR) acknowledgement slips as proof of your income.

5. I am a farmer. Can I apply for a gold loan?

Yes, you can apply for a gold loan by pledging your gold articles as collateral.

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