Gold Loans- Eligibility

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