Loan on Gold Jewellery: Quick Disbursal, Hassle-Free & Secure
A loan against gold lets you access funds by pledging eligible ornaments as collateral without selling them. With our Gold Loan, you can unlock the value of your gold assets to meet financial requirements such as medical expenses, education, business needs, or other planned and urgent expenses. The application process involves minimal paperwork, quick assessment of the pledged gold and convenient disbursal upon approval. Your eligible loan amount depends on factors such as the gold's purity and weight, its valuation, and the applicable Loan-to-Value (LTV) ratio. Pledge your eligible ornaments to unlock immediate liquidity whenever you need it.
Online EMI Calculator For Gold Loan
Our online gold loan EMI calculator instantly gives an estimate of your monthy EMI amount. This also gives you a clear idea of the applicable interest rates and total monthly instalments.
What is LTV (Loan to Value)
Loan to Value (LTV) ratio on a day means the ratio of the outstanding loan amount to the value of the pledged eligible collateral as on that day. In case of bullet repayment loans, however, the LTV calculation shall consider the total amount repayable at maturity.
The maximum LTV ratio in respect of consumption loans against the eligible collateral shall not exceed LTV ratios as provided in the table below:
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The prescribed LTV ratio shall be maintained on an ongoing basis throughout the tenor of the loan.
Gold Loan Features and Benefits
Before applying for a loan against gold jewellery, review the basic eligibility criteria to understand whether your gold ornaments qualify for a Gold Loan:
| Criteria | Requirement |
|---|---|
| Age | Between 21 and 65 years |
| Citizenship | Indian |
| Gold Purity | 18 to 22 Karat |
Check your eligibility for a gold loan and the documents required to apply.
To comply with standard RBI KYC guidelines and ensure instant processing, please keep original documents along with photocopies handy from the accepted categories below:
| Document Category | Accepted Documents |
|---|---|
| Proof of Identity (POI) | PAN Card, Aadhaar Card, Passport, Voter ID, or Valid Driving License |
| Proof of Address (POA) | Aadhaar Card, Passport, Voter ID, or Recent Utility Bill (Electricity/Water, not older than 2 months) |
| Signature Proof | PAN Card or Passport |
| Photographs | 2 Recent Passport-Sized Color Photographs |
Poonawalla Fincorp offers Gold Loan at competitive interest rates and minimal other charges. For a detailed breakdown, refer to the table below:
Loan Amount - 2.5 L – 5 L: Up to Rs. 300/- + GST
Loan Amount - > 5 L: Up to Rs. 500/- + GST
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
To apply for a Gold Loan, you can follow these simple steps, starting with:
- Initiating the Application: Start by clicking ‘Apply Now’ on the Poonawalla Fincorp Gold Loan webpage or by visiting a nearby branch.
- Filling the Form and Submitting the Documents: As the next step, provide your basic KYC details and required documents, either online or at the branch.
- Pledge Your Gold Jewellery: Present the eligible gold jewellery or gold ornaments you wish to pledge as collateral for your Gold Loan.
- Gold Jewellery Valuation: Your pledged gold jewellery will be evaluated based on applicable factors such as its purity and weight. The eligible loan amount is then determined based on the valuation and applicable LTV ratio.
- Receiving the Loan Offer and Funds: You will receive the final loan amount based on the valuation and the applicable LTV ratio. Upon acceptance and approval, you will receive the funds directly to your account.
A Gold Loan offers remarkable flexibility, allowing you to use the funds for any relevant personal or business needs.
- Medical Emergencies: Cover hospitalisation, surgery, or urgent treatment expenses with Poonawalla Fincorp’s Gold Loan.
- Education Expenses: Pay tuition fees, examination costs, or study abroad expenses with funds borrowed against your gold.
- Wedding Costs: With Poonawalla Fincorp’s Gold Loan, you can finance wedding ceremonies or other celebration expenses.
- Business Expansion: Invest in new equipment, inventory, or opening new branches with the loan amount.
- Working Capital: You can also manage cash flow gaps and operational expenses with the borrowed funds.
Here are Gold Loan repayment options offered by Poonawalla Fincorp:
• Interest Servicing: Monthly, Bimonthly, Quarterly, Half Yearly, Yearly
• Principal Repayment: Bullet, at the time of tenure expiry or closure of the loan
While taking a Gold Loan, it is important to make an informed decision. Here are a few pointers to keep in mind before borrowing:
- Compare LTV Ratios: Look for lenders who offer a better Loan-to-Value ratio within RBI guidelines to get a higher loan amount against your gold.
- Learn About all Charges: Know all charges associated with your Gold Loan, like the processing fees, valuation charges, and any prepayment penalties.
- Assess Your Gold: Have a reasonable estimate of the purity and weigh the gold jewellery before applying.
- Prioritise Safety & Insurance: Verify whether the lender provides secure and insured storage for your pledged gold against the loan amount.
- Organise Your Documentation: Ensure your documents are sorted and in order to avoid any delays.
- Select an Appropriate Tenure: Choose a loan tenure that aligns with your repayment capacity.
- Check for Repayment Flexibility: Keep an eye out for lenders that offer convenient repayment options and easy loan foreclosure.
Happy customers, happy us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business.With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
A Gold Loan is a secured borrowing option in which eligible gold jewellery or gold ornaments are pledged as collateral to access funds. Instead of selling your jewellery when you require money, you can take a loan against its eligible gold value and repay the borrowed amount according to the agreed terms. We assess pledged jewellery for factors such as gold purity and weight, then determine the eligible amount based on its valuation and the applicable Loan-to-Value (LTV) ratio.
Yes. Gold purity is an important factor in determining the amount you may be eligible to borrow against your jewellery. The eligible gold purity for Poonawalla Fincorp is between 18 and 22 Karat. During gold jewellery loan valuation, the purity and weight of the eligible gold are assessed along with the applicable gold value and Loan-to-Value (LTV) ratio to determine the loan offer.
Yes, you can use a Gold Loan for business funding needs such as working capital, inventory purchases, or day-to-day operational expenses. Loan approval and eligibility are subject to the lender's terms and assessment of the pledged gold.
Changes in the market price of gold after you take a gold loan can affect your loan-to-value (LTV) ratio. If gold prices increase, there is generally no impact on your existing loan. However, if gold prices fall significantly, the lender may ask you to provide additional collateral or partially repay the loan to maintain the required LTV ratio. Specific terms may vary depending on the lender's policy.
No, a high credit score is not typically the primary factor considered for a Gold Loan. As it is a secured loan backed by pledged gold jewellery, lenders may focus more on the applicable Gold Loan requirements and the value of the collateral. However, having a good credit score may still help with faster approvals and better loan terms in some cases.
Poonawalla Fincorp accepts gold jewellery and ornaments (such as bangles, chains, rings, and necklaces) with a purity between 18 and 22 Karat. Standard ornament loan schemes generally exclude primary gold, such as gold bullion, raw bars, or bank-issued gold coins.
When you apply for a loan against gold jewellery, we assess the pledged gold to determine the amount you may be eligible to borrow. As part of Poonawalla Fincorp's application process, an expert evaluates the gold's purity and weight to determine its value. The final loan amount is then based on the valuation and the applicable Loan-to-Value (LTV) ratio. Knowing the purity and approximate weight of your gold ornaments before applying can help you better understand the valuation process.
Statutory & Regulatory Disclaimer: Poonawalla Fincorp Limited is a Systemically Important Non-Deposit-taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). Gold loan approval, LTV computation, interest rates, and disbursals are subject to final physical assessment, purity verification, and internal credit policies.