₹5,75,000 Loan Using Aadhaar Card: Eligibility and Key Requirements

A 575000 Aadhaar loan cannot be obtained solely based on an Aadhaar card. Aadhaar may be used as part of an applicable KYC process, while a ₹5,75,000 Gold Loan requires eligible gold collateral to be pledged and valued. The amount that may ultimately be sanctioned depends on factors including the assessed collateral value, applicable loan-to-value (LTV) ratio, repayment-capacity assessment, KYC requirements and lender policy.

For someone searching can I get 575000 loans on Aadhaar card, Aadhaar and Gold Loan eligibility serve different purposes. Aadhaar may support an applicable KYC process, whereas the eligible loan amount depends on the pledged gold, its assessed value and the relevant lending assessment.

Under the current Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025, Aadhaar is not generally mandatory for KYC. Other prescribed identification routes are available depending on the applicable circumstances.

How Does Aadhaar Work for a ₹5,75,000 Loan?

A 575000 Aadhaar card loan against the gold jewellery should not be understood as a loan where Aadhaar determines the borrowing amount. Aadhaar may form part of KYC, while the Gold Loan amount is determined separately based on eligible collateral, purity, net gold content, assessed collateral value, applicable LTV, credit assessment and lender policy.

Similarly, an Aadhaar loan online against gold ordinarily involves more than submitting Aadhaar details online. The eligible gold collateral needs to be presented for the applicable assaying and pledging process.

Under RBI's gold collateral framework, the borrower must be present while the collateral is assayed at the time of sanction. Deductions relating to elements such as stones and fastenings must also be explained to the borrower.

For ₹5,75,000, detailed credit assessment is also relevant because the amount exceeds ₹2.5 lakh. The RBI framework requires such assessment to include the borrower's repayment capacity for loans above the prescribed threshold.

Who May Be Eligible for a ₹5,75,000 Loan?

The eligibility criteria for a 575000 Aadhaar loan against the gold, where the borrowing is structured as a Gold Loan, differ from those generally associated with unsecured loans.

A fixed monthly salary or a particular CIBIL score, such as 700, is not prescribed by RBI as a universal requirement for a Gold Loan.

Relevant eligibility factors may include:

RBI provides that a lender must not 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 loan amount remains subject to gold valuation, applicable LTV, repayment capacity, scheme terms and lender policy.

How Is a ₹5,75,000 Gold Loan Calculated?

The Gold Loan calculation can be understood through the applicable loan-to-value ratio.

LTV represents the relationship between the loan amount and the assessed value of the pledged eligible collateral. For consumption loans against eligible collateral, RBI prescribes different maximum LTV ratios based on the total consumption loan amount per borrower.

RBI LTV Slabs for Consumption Gold Loans

The prescribed LTV must be maintained on an ongoing basis throughout the tenure of the loan.

Which LTV Is Applicable to a ₹5,75,000 Gold Loan?

A ₹5,75,000 consumption Gold Loan is above ₹5 lakh.

Therefore, the applicable RBI regulatory ceiling is:

Maximum LTV = 75%

The 80% LTV ceiling 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.

₹5,75,000 Gold Loan Calculation

At the applicable regulatory maximum:

Required assessed collateral value = Loan amount ÷ Maximum LTV

Therefore:

₹5,75,000 ÷ 75% = ₹7,66,666.67

Rounded to the nearest rupee:

Approximate assessed collateral value = ₹7,66,667

Thus, purely at the regulatory maximum LTV, a ₹5,75,000 consumption Gold Loan corresponds to eligible collateral with an assessed value of approximately ₹7,66,667.

This does not mean that eligible gold assessed at ₹7,66,667 automatically results in a ₹5,75,000 sanction. The 75% LTV is a regulatory maximum. A lender may apply a lower LTV depending on the applicable scheme, collateral assessment and internal policy.

Disclaimer: The ₹7,66,667 figure illustrates the collateral value corresponding to a ₹5,75,000 loan at the applicable RBI maximum LTV for a consumption loan above ₹5 lakh. It does not represent guaranteed eligibility, a guaranteed product-level LTV or an offer of sanction.

How Is the Pledged Gold Valued?

The amount originally paid to purchase gold jewellery is not the basis on which its eligible collateral value is determined.

RBI requires eligible gold to be valued according to its actual purity. The prescribed reference price is the lower of the average closing price for the relevant purity over the preceding 30 days or the preceding day's closing price, as published by India Bullion and Jewellers Association Ltd. or a SEBI-regulated commodity exchange.

IBJA Gold Rates publishes benchmark prices for multiple purity levels.

For regulatory valuation, only the intrinsic value of the gold contained in the eligible collateral is considered. Other cost elements, including precious stones and gems, are excluded from the collateral value.

This means the gold's purity and eligible net gold content are important to the valuation, rather than only its gross jewellery weight or original purchase price.

Documents Required Beyond Aadhaar for ₹5,75,000

Depending on the applicable KYC process, borrower circumstances and lender requirements, the documents required for a ₹5,75,000 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 collateral
• Information or documentation required for the applicable 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 along with PAN or its equivalent e-document, or Form No. 60, as applicable.

The lender must also prepare the prescribed certificate or e-certificate containing details about the eligible collateral, including its purity, gross weight, net gold content, applicable deductions, image and value arrived at during sanction.

One copy forms part of the loan documents and another is provided to the borrower under acknowledgement.

Interest Rate and Repayment for a ₹5,75,000 Gold Loan

The interest rate on a 575000 rupees loan on Aadhaar card, where the borrowing is structured as a Gold Loan, depends on the applicable Gold Loan scheme and borrower-specific terms. Aadhaar itself does not determine the interest rate.

As of September 2026, IIFL Finance publishes Gold Loan interest rates ranging from 9.72% to 27% p.a., depending on the scheme availed, with processing charges of up to 2%, exclusive of GST.

Applicable product pricing may differ depending on the relevant scheme and loan terms. The applicable rate, APR and charges should therefore be determined from the sanction documentation and Key Facts Statement (KFS), where applicable.

Gold Loans may also provide different repayment structures rather than only conventional monthly EMI repayment.

Note: The rates and charges mentioned above reflect published IIFL Finance information available at the time of writing and may change. Borrower-specific pricing depends on the applicable scheme and terms.

Repayment Options Available for ₹5,75,000

Depending on the applicable Gold Loan scheme, repayment may take the form of periodic interest servicing, instalment-based repayment or a bullet repayment structure.

For a consumption gold loan structured as a bullet repayment loan, RBI caps the tenure at 12 months. Renewal is 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 relevant repayment structure, tenure and payment frequency therefore depend on the specific loan scheme and borrower-specific terms.

Factors That May Influence the Applicable Interest Rate

The interest rate applicable to the Gold Loan may depend on the selected scheme and corresponding pricing terms.

Relevant factors, depending on the lender and scheme, may include:

• Loan amount
• Applicable LTV
• Repayment structure
• Loan tenure
• Market conditions
• Borrower profile

The final applicable pricing is governed by the relevant loan terms and sanction documentation.

How to Start a ₹5,75,000 Gold Loan Application Using Aadhaar for KYC

The Gold Loan application may be initiated through available digital channels. Completing a ₹5,75,000 Gold Loan, however, involves applicable KYC, credit-assessment, assaying and physical collateral requirements.

Aadhaar may be used for KYC where permitted under the applicable process. Other prescribed means of customer identification are also available under the Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025.

Importantly, an account opened solely using Aadhaar OTP-based e-KYC in non-face-to-face mode is subject to specific restrictions. Under the RBI NBFC KYC framework, only term loans may be sanctioned through such borrowal accounts, and the aggregate amount of term loans sanctioned cannot exceed ₹60,000 in a year, unless the prescribed CDD requirements are subsequently completed.

Therefore, a ₹5,75,000 Gold Loan should not be represented as obtainable solely through Aadhaar OTP-based e-KYC online.

Steps Involved in the Application Process

1. The application may be initiated through an official IIFL Finance Gold Loan channel.
2. Required personal details and applicable KYC information are provided.
3. Eligible gold jewellery and applicable documentation are presented at the designated branch.
4. The borrower remains present while the pledged gold is assayed and its purity, gross weight, net gold content and applicable deductions are determined.
5. Information required for the applicable credit and repayment-capacity assessment is provided.
6. The assessed collateral value, eligible loan amount, LTV, interest rate, APR, applicable charges, repayment conditions and KFS are reviewed.
7. Subject to completion of the applicable assessment, documentation and pledge requirements, the sanctioned amount may be disbursed according to the lender's process.

RBI's framework generally requires such loans to be disbursed into the borrower's bank account. In the case of bank transfers, disbursal is to be made to the borrower's account rather than a third-party account, subject to specified regulatory exceptions.

Important Checks Before Taking a ₹5,75,000 Gold Loan

Before accepting a 575000 rupees Aadhaar card loan against gold, relevant details include:

• Purity recorded for the pledged gold
• 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 leading to an auction
• Auction procedure and notice
• Timeline for release of pledged collateral following full repayment

The RBI framework requires prescribed loan documentation to contain details relating to the eligible collateral and its value, applicable charges, auction procedure, circumstances leading to auction, notice period, collateral-release timeline and other necessary information.

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 the prescribed period is attributable to the lender, compensation of ₹5,000 for each day of delay is prescribed.

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