GOLD LOAN APPLICATION
How to Apply for a Gold Loan: A Complete Step-by-Step Guide
A step-by-step guide to applying for a gold loan — eligibility, documents, valuation, interest rates, and disbursal.
Applying for a gold loan is one of the simplest borrowing processes in India, often completed within a few hours from start to finish.
Step 1: Check Your Eligibility
Most lenders require you to be an Indian resident, 18 years or older, with gold jewellery or coins of 18K and above purity.
Step 2: Keep Your Documents Ready
- PAN card
- Aadhaar card or other valid government-issued address proof
- Recent passport-size photographs
Step 3: Get Your Gold Valued
The lender assesses the purity and weight of your gold. This valuation determines the maximum loan amount under the applicable LTV ratio, currently capped at up to 75% by RBI guidelines.
Step 4-7: Choose Amount, Compare Rates, Sign Agreement, Receive Funds
Many lenders disburse the loan amount within a few hours of approval, often directly to your bank account.
Compare gold loan offers and apply directly through the FinVedik GoldBiz app.
