What you need to know
Almost anyone who owns gold jewellery can get a gold loan — the gold itself is the main eligibility. The amount depends on net weight, purity, today’s price and the RBI LTV cap for your loan size.
Basic eligibility
- Age 18+ (upper age limits vary by lender)
- Ownership of gold ornaments or gold coins (coins up to 50 g)
- KYC documents
- For loans above ₹2.5 lakh: lender must assess your repayment capacity
- Agri gold loans: proof of agricultural activity
How the loan amount is calculated
- Net weightStones, lac and other non-gold parts are deducted.
- PurityTested and valued at actual karat (e.g. 22K = 91.6%).
- PriceLower of 30-day average and previous-day price.
- LTV85% / 80% / 75% cap by loan size.
Frequently asked questions
Can a student or homemaker get a gold loan?
Yes, if they own the gold; income proof may be needed for larger or EMI loans.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.