Valued in front of you
Purity is tested by a certified appraiser at the branch counter while you watch, and the karat-wise rate sheet is displayed openly.
Gold Loan
Turn idle household gold into working money in under an hour — valued transparently in front of you, insured, and vaulted until you redeem it.
Secured
Your gold stays yours. The liquidity is immediate.
Turn idle household gold into working money in under an hour — valued transparently in front of you, insured, and vaulted until you redeem it.
| Loan amount | ₹10,000 – ₹25 Lakh |
| Tenure | 3 – 36 months |
| Interest rate | 11.50% p.a. onwards |
| Processing fee | ₹500 flat, plus actual valuation charges |
| Prepayment | Permitted after 6 EMIs |
Features
What you get
Up to 75% loan-to-value
We lend up to the RBI-permitted ceiling of 75% of the assessed value of your ornaments.
Disbursal in 45 minutes
From counter to credit, a walk-in gold loan is typically completed within the hour.
Insured, dual-lock storage
Ornaments are sealed in tamper-evident packets and stored in an insured strong room with dual custody.
Eligibility
Who can apply
- Any Indian resident aged 18 years and above
- Ownership of the pledged ornaments — a self-declaration is required at the counter
- Gold of 18 to 22 karat purity; bars and coins are accepted only up to 50 grams
- No minimum income or bureau score requirement
Meeting the criteria above makes you eligible to apply; it is not by itself a sanction. Every application is subject to credit appraisal and verification, and we will tell you plainly if we cannot help.
Documents
What to keep ready
- Any officially valid KYC document — Aadhaar, passport, voter ID or driving licence
- PAN card for loans of ₹2 Lakh and above
- One recent passport-size photograph
- The gold ornaments being pledged
Originals are needed only for verification and are returned immediately. We accept DigiLocker-issued documents for KYC.
Full transparency
Interest, fees and charges
Everything that can ever be charged on this loan is listed here and repeated in your Key Fact Statement. Nothing outside this list will appear on your account.
| Charge | Applicable amount |
|---|---|
| Processing fee | As stated in the sanction letter, deducted from the disbursal amount |
| Interest type | Fixed, on a monthly reducing balance |
| Late payment / penal charge | 2% per month on the overdue instalment amount only, not on the whole outstanding |
| EMI bounce charge | ₹500 per dishonoured instrument, plus the bank's actual charge |
| Part-prepayment | Permitted after 6 EMIs · 2% of the prepaid principal (nil on floating-rate loans to individuals) |
| Foreclosure | 3% of the outstanding principal after 6 EMIs (nil on floating-rate loans to individuals) |
| Duplicate statement / NOC | ₹250 per document |
| Stamp duty and legal charges | At actuals, as applicable in the state of execution |
| Goods & Services Tax | 18% on all fees and charges, as notified |
The interest rate applicable to you is set using the board-approved risk-based pricing model described in our Interest Rate Policy.
EMI Calculator
Work out your gold loan EMI
Pre-filled with a representative gold loan. Change any value to model your own.
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₹10 K₹2 Cr
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8%36%
3 months15 years
Your monthly EMI
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- Principal amount₹0
- Total interest payable₹0
- Total amount payable₹0
Principal
Interest
Indicative only. The figures assume a fixed reducing-balance rate and equal monthly instalments, and exclude processing fees, GST, stamp duty and insurance. Your actual EMI is confirmed in the Key Fact Statement issued with your sanction letter.
FAQs
Gold Loan questions
They are weighed and sealed in your presence, stored in an insured strong room under dual custody, and returned in the same sealed packet when the loan is closed. Nothing is melted, tested destructively or moved out of the branch.
If the loan-to-value ratio breaches the regulatory ceiling because of a price fall, we contact you to either part-pay or pledge additional ornaments. We will always write to you before taking any other step.
Yes. Gold loans can be serviced as interest-only with a bullet principal repayment at maturity, or as a regular EMI. You choose the structure at the time of sanction.
Also from Nawkar
Other loan products
Unsecured
Personal Loan
Collateral-free funding for a wedding, medical bill, tuition fee or a month that simply ran long. Sanctioned on your income, not on what you pledge.
- Amount₹50,000 – ₹10 Lakh
- Tenure12 – 60 months
- Interest13.50% p.a. onwards
Working capital
Business / MSME Loan
Working capital and growth funding for shops, traders, manufacturers and service businesses — sized on your cash flows, not on a rigid template.
- Amount₹1 Lakh – ₹50 Lakh
- Tenure12 – 60 months
- Interest15.00% p.a. onwards
Secured
Loan Against Property
Release the value locked in a house, shop or plot you already own — long tenures and our lowest rates, for expansion, consolidation or a large one-off need.
- Amount₹5 Lakh – ₹2 Crore
- Tenure24 – 180 months
- Interest10.75% p.a. onwards
Apply for a Gold Loan today.
Five minutes to apply, a decision within one working day, and a Key Fact Statement that spells out every rupee before you sign.