Gold Loans- Eligibility
Eligibility criteria for various gold loan products are as follows.
| General Gold Loan | Individuals Only |
| Digi Gold | Resident Individuals |
| Digi Gold NRI | NRIs Only |
| Kisan Gold Scheme | Resident Individuals |
Frequently Asked Questions
1. Who is eligible for a gold loan?
Any individual aged 18 years or above, including salaried employees, self-employed professionals, business owners, and agriculturists, can apply for a gold loan, provided they possess gold ornaments or jewellery of required purity as per bank norms.
2. Is PAN card required to apply for a gold loan to avail higher loan amount?
Yes, a PAN card is generally required to comply with regulatory guidelines and to avail higher loan amounts.
3. What is the tenure for which I can avail a Gold Loan?
The loan tenure can range from 3 months to 12 months, depending on the loan scheme selected. Certain flexible repayment options may also be available. Please contact your nearest branch for scheme-specific details.
4. How much gold is required for a 5 lakh loan?
The gold required depends on the current market value of gold and the Loan-to-Value (LTV) ratio, which is up to 75% of the gold’s market value as per RBI guidelines. Please refer latest per gram rates for Gold Loans.
5. What documents are required to apply for a gold loan?
Typically, the following documents are required:
- Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, etc.
- Address Proof: Aadhaar Card, Utility Bill, Driving License, etc.
- Recent Photograph