₹5,70,000 Gold Loan with Aadhaar Card: Eligibility and Requirements
Table of Contents
A 570000 Aadhaar loan cannot be obtained solely on the basis of an Aadhaar card. Aadhaar may be used as part of an applicable KYC process, whereas a ₹5,70,000 Gold Loan requires eligible gold collateral to be pledged and valued. The amount that may be sanctioned is subject to factors including the assessed collateral value, applicable loan-to-value (LTV) ratio, repayment-capacity assessment, KYC requirements and lender policy.
For someone asking can I get 570000 loans on Aadhaar card, Aadhaar and Gold Loan eligibility serve different purposes. Aadhaar may support the applicable KYC process, while the eligible loan amount depends on the pledged gold and the relevant lending assessment.
Under the current Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025, Aadhaar is not mandatory for KYC generally. The framework permits other prescribed identification routes depending on the applicable circumstances.
What Does Aadhaar Mean for a ₹5,70,000 Gold Loan?
A 570000 Aadhaar card loan does not mean that the Aadhaar card determines the available Gold Loan amount. Aadhaar may form part of the applicable customer-identification process, while the eligible amount depends on factors such as the pledged gold, its purity and net gold content, assessed collateral value, applicable LTV, repayment-capacity assessment and lender policy.
An Aadhaar loan online against gold also cannot ordinarily be completed merely by submitting Aadhaar information online. Eligible gold collateral needs to undergo the applicable physical assaying and pledging process.
Under the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025, the borrower must be present while the collateral is assayed at the time of sanction. Deductions relating to components such as stones and fastenings must also be explained to the borrower.
As a ₹5,70,000 loan exceeds ₹2.5 lakh, detailed credit assessment, including assessment of the borrower's repayment capacity, is also required under the applicable RBI framework.
Eligibility Criteria for a ₹5,70,000 Gold Loan
The eligibility criteria for a 570000 Aadhaar loan, when structured as a Gold Loan, differ from those generally associated with unsecured lending.
A particular monthly salary or a specific CIBIL score, such as 700, is not prescribed by RBI as a universal eligibility criterion for a Gold Loan.
The currently published IIFL Finance Gold Loan Eligibility Criteria include the following:
|
Criterion |
Current position |
|---|---|
|
Age |
Minimum 18 years and up to 70 years at loan disbursal |
|
Occupation |
Salaried and self-employed individuals can apply |
|
Ownership |
Applicant must be the rightful owner of the pledged gold |
|
Gold purity |
Gold jewellery typically ranging between 18K and 22K may be accepted |
|
Credit score |
May not always be mandatory |
|
Credit assessment |
Required for ₹5.70 lakh because the amount exceeds ₹2.5 lakh |
RBI requires a lender not to extend a loan where ownership of the collateral is doubtful. A suitable document or declaration confirming that the borrower is the rightful owner of the eligible collateral must be obtained.
The final sanctioned amount remains subject to gold valuation, applicable LTV, repayment capacity, applicable scheme and lender policy.
How Is a ₹5,70,000 Gold Loan Calculated?
Understanding the loan calculation requires first understanding the applicable LTV.
The loan-to-value ratio represents the relationship between the outstanding loan amount and the value of the pledged eligible collateral. For bullet repayment loans, RBI specifies that the LTV calculation takes into account the total amount repayable at maturity.
RBI LTV Slabs for Consumption Gold Loans
Under the applicable RBI framework, the maximum LTV for a consumption loan varies according to the total consumption loan amount per borrower.
|
Total Consumption Loan Amount |
Maximum LTV |
|---|---|
|
Up to ₹2.5 lakh |
85% |
|
Above ₹2.5 lakh and up to ₹5 lakh |
80% |
|
Above ₹5 lakh |
75% |
The prescribed LTV has to be maintained on an ongoing basis throughout the tenure of the loan.
Which LTV Slab Applies to ₹5,70,000?
Since a ₹5,70,000 consumption Gold Loan is above ₹5 lakh, it falls under the maximum 75% LTV bracket.
This distinction is important because the 80% maximum applicable to consumption loans above ₹2.5 lakh and up to ₹5 lakh does not apply once the total consumption loan amount exceeds ₹5 lakh.
₹5,70,000 Gold Loan Calculation
Using the applicable 75% regulatory maximum:
Required assessed collateral value = Desired loan amount ÷ Maximum LTV
Therefore:
₹5,70,000 ÷ 75% = ₹7,60,000
Purely at the regulatory maximum, a ₹5,70,000 consumption Gold Loan would therefore correspond to eligible collateral with an assessed value of approximately ₹7,60,000.
However, this does not mean gold valued at ₹7,60,000 automatically qualifies for a ₹5,70,000 sanction. The 75% LTV represents the applicable RBI maximum for this consumption-loan bracket. A lender may apply a lower LTV depending on its product, scheme, valuation, assessment and internal policy.
Disclaimer: The ₹7,60,000 calculation illustrates the RBI maximum LTV applicable to a consumption Gold Loan above ₹5 lakh. It does not represent guaranteed eligibility, a guaranteed product-level LTV, an offer or an assurance of sanction.
How Is Gold Valued for a ₹5,70,000 Gold Loan?
The assessed collateral value should not be confused with the original jewellery purchase price or its retail replacement value.
Under the applicable RBI framework, eligible gold collateral must be valued according to its actual purity. For this purpose, the lender uses the lower of:
- the average closing price for the relevant purity over the preceding 30 days, or
- the closing price for the relevant purity on the preceding day,
as published either by India Bullion and Jewellers Association Ltd. or by a commodity exchange regulated by SEBI.
IBJA Gold Rates publishes benchmark prices across various gold purity levels.
RBI further requires only the intrinsic value of the gold contained in the eligible collateral to be considered. The value of precious stones, gems and other non-gold cost elements is excluded from the collateral valuation.
This is why the gross weight or purchase price of jewellery should not be used by itself to estimate the Gold Loan amount.
Documents Required Beyond an Aadhaar Card
Depending on the applicable KYC process and lender requirements, the documents required for a ₹5,70,000 Gold Loan may include:
- Accepted identity and address documentation, which may include proof of possession of Aadhaar or another applicable Officially Valid Document
- PAN or its equivalent e-document, or Form No. 60, as applicable
- Recent photograph, where applicable under the relevant KYC process
- Eligible gold for assaying and pledging
- A suitable document or declaration confirming rightful ownership of the eligible gold collateral
- Information or documentation required for the detailed credit and repayment-capacity assessment
Under the current Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025, individual CDD provides for prescribed identification routes together with PAN or its equivalent e-document, or Form No. 60, as applicable. Aadhaar is not generally mandatory for KYC and may be voluntarily provided in applicable circumstances.
For the pledged gold, RBI requires the lender to prepare a certificate or e-certificate containing prescribed details such as purity, gross weight, net gold content, applicable deductions, image and collateral value. One copy must form part of the loan documents, and another must be provided to the borrower under acknowledgement.
Interest Rate and Charges for a ₹5,70,000 Gold Loan
The interest rate on a 570000 rupees loan on Aadhaar card, where the borrowing is structured as a Gold Loan, depends on the applicable Gold Loan scheme and loan terms. Aadhaar itself does not determine the applicable rate.
As of September 2026, IIFL Finance Gold Loan Interest Rate and Charges publishes interest rates ranging from 9.72% to 27% p.a., depending on the scheme availed. Processing charges are listed as up to 2%, exclusive of GST.
The same published schedule includes other charges that may apply depending on the scheme, transaction or circumstances. For example, IIFL Finance currently lists a credit appraisal charge of ₹100, exclusive of GST, for specified new, top-up and renewed loans disbursed on or after April 1, 2026 wherever credit appraisal is mandated under the applicable policy.
The applicable interest rate, APR and charges should therefore be reviewed in the relevant sanction documentation and Key Facts Statement (KFS), where applicable.
Note: Rates, charges and product terms are based on currently published IIFL Finance information and may change. Borrower-specific pricing depends on the applicable scheme, loan terms and assessment.
Repayment Options for a ₹5,70,000 Gold Loan
Gold Loan repayment structures may vary according to the applicable scheme. They may include periodic interest servicing, instalment-based repayment or bullet repayment arrangements.
For a consumption gold loan structured as a bullet repayment loan, RBI caps the tenure at 12 months. A renewal may be permitted subject to the applicable requirements, including credit assessment and payment of accrued interest.
For bullet repayment loans, the LTV calculation takes into account the total amount repayable at maturity.
The actual tenure, payment frequency and repayment method therefore depend on the applicable loan scheme and borrower-specific terms.
Factors That May Affect the Gold Loan Interest Rate
The applicable Gold Loan interest rate may depend on the selected scheme and its pricing terms.
Depending on the scheme and lender assessment, relevant factors may include:
- Loan amount
- Applicable LTV
- Repayment structure
- Loan tenure
- Market conditions
- Borrower profile
The final rate and applicable charges should be determined from the relevant sanction documentation and KFS.
How to Apply for a ₹5,70,000 Gold Loan Using Aadhaar for KYC
An application for a ₹5,70,000 Gold Loan may be initiated through available digital channels. Completion of the loan process, however, involves the applicable KYC, credit-assessment, gold-assaying and physical collateral requirements.
Aadhaar may be used for KYC where permitted under the applicable process. The RBI's NBFC KYC framework also provides other prescribed customer-identification routes.
An important distinction applies to an account opened solely through Aadhaar OTP-based e-KYC in non-face-to-face mode. Under the RBI NBFC KYC framework, only term loans may be sanctioned through such a borrowal account and the aggregate amount of term loans sanctioned must not exceed ₹60,000 in a year, unless the prescribed full CDD requirements are subsequently completed.
Accordingly, a ₹5,70,000 Gold Loan should not be characterised as being obtainable solely through Aadhaar OTP e-KYC online.
Steps Involved in the Gold Loan Process
- The application may be initiated through an official IIFL Finance Gold Loan channel.
- The required personal details and applicable KYC information are provided.
- Eligible gold jewellery and required documentation are presented at the designated branch for the physical collateral process.
- The borrower remains present while the pledged gold's purity, gross weight, net gold content and applicable deductions are assessed.
- Information required for the applicable detailed credit and repayment-capacity assessment is provided.
- The assessed collateral value, eligible loan amount, applicable LTV, interest rate, APR, charges, repayment conditions and KFS are reviewed.
- Subject to completion of the assessment, documentation and pledge requirements, the sanctioned amount may be disbursed according to the applicable lender process.
RBI generally requires lenders to disburse such loans into the borrower's bank account. Where disbursal occurs by bank transfer, it should be made to the borrower's account rather than a third-party account, subject to the specified regulatory exceptions.
What Should Be Checked Before Taking a ₹5,70,000 Gold Loan?
Before finalising a 570000 rupees Aadhaar card loan against gold, relevant details include:
- Purity of the gold recorded during assessment
- Gross weight and net gold content
- Deductions relating to stones, gems, strings, alloy or fastenings
- Assessed collateral value
- Applicable LTV
- Interest rate and APR
- Processing and other applicable charges
- Repayment structure and tenure
- Circumstances that may result in an auction
- Auction notice and procedure
- Conditions and timeline for release of pledged gold after repayment
RBI requires the loan agreement to contain prescribed information covering the eligible collateral and its value, applicable charges, auction procedure and circumstances leading to auction, notice period, collateral-release timeline, refund of any auction surplus and other necessary details.
Following full repayment or settlement, pledged eligible collateral must be released on the same day or, in any case, within a maximum of seven working days.
Where a delay beyond this period is attributable to the lender, RBI prescribes compensation of ₹5,000 for each day of delay beyond the stipulated timeline.
Disclaimer
Gold Loan eligibility, sanctioned amount, interest rate, APR, applicable charges, LTV, tenure, repayment structure and disbursal are subject to applicable RBI requirements, KYC requirements, collateral valuation, borrower assessment, selected scheme and IIFL Finance policy. Illustrative calculations are provided only to explain the applicable regulatory framework and do not constitute an offer, commitment or guarantee of sanction. Rates, charges and product terms may change. Borrower-specific terms are governed by the applicable sanction documentation and Key Facts Statement.
Frequently Asked Questions
Can Aadhaar be used for a ₹5,70,000 Gold Loan?
Aadhaar may be used as part of an applicable KYC process, but Aadhaar itself does not determine Gold Loan eligibility or sanction.
A ₹5,70,000 Gold Loan depends on eligible gold collateral, its assessed value, applicable LTV, KYC requirements, repayment-capacity assessment and lender policy.
How is a ₹5,70,000 Gold Loan calculated?
For a consumption Gold Loan above ₹5 lakh, RBI prescribes a maximum LTV of 75%.
At that maximum:
₹5,70,000 ÷ 75% = ₹7,60,000
Therefore, ₹7,60,000 is the approximate assessed collateral value corresponding to a ₹5,70,000 loan at the regulatory maximum LTV.
This is an illustration and not guaranteed eligibility. A lender may apply an LTV below the RBI maximum.
Which RBI LTV slab applies to a ₹5.70 lakh Gold Loan?
A ₹5.70 lakh consumption Gold Loan falls under the above ₹5 lakh category. The maximum RBI LTV for this category is 75%.
By comparison, consumption loans up to ₹2.5 lakh have a maximum LTV of 85%, while those above ₹2.5 lakh and up to ₹5 lakh have a maximum LTV of 80%.
Does salary determine eligibility for a ₹5,70,000 Gold Loan?
Salary alone does not determine Gold Loan eligibility. Collateral valuation and applicable LTV are relevant to determining the eligible loan amount.
Since ₹5,70,000 exceeds ₹2.5 lakh, RBI also requires detailed credit assessment, including repayment-capacity assessment.
Accordingly, relevant financial information may form part of the assessment, depending on the borrower's circumstances and lender requirements.
Is a CIBIL score mandatory for a ₹5,70,000 Gold Loan?
RBI's gold collateral framework does not prescribe a universal minimum CIBIL score for a ₹5,70,000 Gold Loan.
The currently published IIFL Finance Gold Loan Eligibility Criteria states that because Gold Loans are secured against pledged gold, a credit score may not always be mandatory.
However, detailed credit assessment, including repayment-capacity assessment, applies because ₹5.70 lakh exceeds the ₹2.5 lakh threshold. Final eligibility remains subject to lender assessment and policy.
Can a ₹5,70,000 Gold Loan be obtained completely online with Aadhaar?
A ₹5,70,000 Gold Loan should not be represented as obtainable solely through online submission of Aadhaar.
RBI requires the borrower's presence while eligible collateral is assayed at sanction.
Separately, accounts opened solely using Aadhaar OTP-based e-KYC in non-face-to-face mode are subject to specific RBI restrictions for borrowal accounts, including an aggregate annual term-loan sanction limit of ₹60,000 unless the prescribed CDD requirements are subsequently completed.
Is ₹7,60,000 worth of gold guaranteed to provide a ₹5,70,000 loan?
No. The figure of ₹7,60,000 results from dividing ₹5,70,000 by the 75% regulatory maximum LTV applicable to consumption Gold Loans above ₹5 lakh.
It is an illustrative regulatory-ceiling calculation. Actual eligibility depends on the assessed value of eligible gold, the lender's applicable LTV, credit assessment, scheme and other applicable requirements.
Are stones included when calculating the value of gold jewellery for the loan?
No. For regulatory valuation purposes, RBI requires only the intrinsic value of the gold contained in eligible collateral to be considered. Other cost elements such as precious stones or gems are not added to the collateral value.
Disclaimer : The information in this blog is for general purposes only and may change without notice. It does not constitute legal, tax, or financial advice. Readers should seek professional guidance and make decisions at their own discretion. IIFL Finance is not liable for any reliance on this content. Read more
