Buying, Selling & Borrowing
Loan Against Silver
RBI allows loans against silver jewellery and coins from 1 April 2026.
Rates as on 26 September 2026 · Updated 27 September 2026
Today’s silver (Delhi)
₹2,50,000/kg
₹250 per gram, excl. GSTOverview
The RBI (Lending Against Gold and Silver Collateral) Directions, 2025 allow banks, NBFCs and HFCs to lend against silver jewellery and coins from 1 April 2026. LTV limits are the same as gold loans, and there are quantity caps per borrower.
| Particular | Details |
|---|---|
| Effective from | 1 April 2026 |
| Lenders | Banks, NBFCs, HFCs |
| Eligible | Silver jewellery (up to 10 kg), silver coins (up to 500 g) |
| Not eligible | Bars/bullion, silver ETFs and funds |
| LTV ≤ ₹2.5 lakh | 85% |
| LTV ₹2.5–5 lakh | 80% |
| LTV > ₹5 lakh | 75% |
| Valuation | Lower of 30-day average or previous-day closing price (IBJA / exchange) |
Example
| Item | Value |
|---|---|
| Silver jewellery | 2 kg of 925 |
| Value at ₹250/g × 925/999 | ₹4,62,963 |
| LTV slab | 80% (loan between ₹2.5–5 lakh) |
| Max loan | Up to ₹3,70,370 |
Borrower protections
- Valuation done in your presence
- Collateral returned within 7 working days of repayment
- Auction reserve price at least 90% of market value
- Clear disclosures on valuation and charges
Frequently asked questions
Can I get a loan against silver bars?
No — only jewellery and coins are eligible.
Silver rates are indicative market references (26 September 2026) and change during the day. Rules on tax, hallmarking and investment products can change — verify with official sources. FinancePortal does not sell silver.