Please see information on Loans Against Gold below.


Are you looking for a fast, straightforward loan? Loans against gold (also known as gold loans) are one of the easiest loans to apply for. Find out more below...

What is a Loan against Gold?

The majority of us have some gold whether this is in the form of jewellery or pure other ornaments of gold (including coins). You can use this gold as a security to avail a loan very quickly, from specialist lenders and banks.

How Does it Work?

You can either apply online or go to your nearest gold loans branch, and your gold items will be valued. You will then be able to avail a loan based on the value of your gold items. The gold jewellery or ornaments must belong to you or someone in your family.

Because you are providing security, the lender will not need a long time to consider your application. Usually you will gain approval for the loan very quickly.

What are the Loan Tenures?

Most loans against gold are between 6 months and a year, but the tenures may vary according to the lender or bank you use. Some gold loans are a minimum of 1 year, and up to 6 years just make sure you remember to check when you carry out your loan search and comparison.

Are there any Fees?

There may be fees on a gold loan, such as processing fees or administration fees. Make sure you enquire about these in advance, so that you can plan them into your budget.

What Happens if I Cannot Repay the Loan?

Because you are using your gold jewellery or ornaments as a security on this loan, you risk losing them if you are unable to keep up with the loan repayments.

This could be difficult because many items of jewellery carry personal or sentimental value. Therefore, remember to plan your loan very carefully into your everyday life and ask yourself if you will be able to afford the EMIs over the full tenure of the loan.

Am I Eligible?

To get a gold loan, you must prove your ID, you may need to have a minimum age (though this may vary according to the lender) and you will need to prove your address / residence.

The criteria of what kind of borrowers may apply do vary according to lender / bank, so check this in advance as well. You may need to prove that you are salaried or professional but some lenders can take on borrowers who are not as financially secure.


Please Note: is not authorised to give advice under Indian financial regulations.

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