On what kind of gold assets can I get a loan

Find out which gold items you can submit as collateral, and what you cannot. sudden large expenses.
On what kind of gold assets can I get a loan
3 min read
29 Oct 2022

So you are planning to take a gold loan. As this is a secured loan, the amount you can get depends on the value of your asset. Before you apply, learn about what you can submit for collateral, what you cannot, and how your assets will be valued.

What can you submit?

You can take a loan against gold jewellery that you own. The jewellery must be solid gold, and must be of 22 carats.

How will it be valued?

After submitting your online application, you will be scheduled for an appointment at our nearest gold loan branch. Your gold jewellery will be weighed, and the value will be determined using that day's gold market rates.

Your loan offer, however, will not be the full value of your jewellery. The maximum loan amount that you can obtain is 75% of the total value of your gold. The RBI has established this capping as an industry standard.

What is not allowed as collateral?

You cannot submit jewellery that is made of mixed metals, such as gold and platinum, or gold and silver, as collateral against a gold loan. Additionally, your jewellery must be of 22 carats or higher.

Other objects made of gold cannot be submitted as collateral either, even if they are made of 22-carat gold. This includes gold coins, ingots, idols, and utensils.

What happens in case my jewellery has gemstones?

As the loan is given only against gold, any diamonds or other gemstones that are part of your jewellery will not be considered as an asset. You can still get a loan against such jewellery, but the amount you are offered will not include the value of the gemstones on it.

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