Video KYC and Aadhaar for a ₹7,45,000 Gold Loan Started Online
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More gold loan applications now begin on a phone screen. For larger sums, this often includes a short video call with the lender before the branch visit.
A gold loan is a loan given against gold ornaments, which stay with the lender until repayment. This blog discusses a loan amounting to ₹7,45,000 through Aadhaar online. This blog discusses the role of Aadhaar, credit assessment, video KYC, and the EMI process. This is followed by the documentation process, valuation, and application procedure.
Aadhaar's Part in a ₹7,45,000 Gold Loan
Aadhaar establishes identity and address during KYC. When an application begins online, it is often the first document to be checked. It says nothing about the borrower's income or the gold.
Credit Check at This Amount
The RBI (Lending Against Gold and Silver Collateral) Directions, 2025, implemented by regulated lenders from April 2026, do not set a minimum credit score. A lender may still consider credit history as per its policy.
Combined gold and silver loans above ₹2.5 lakh call for a detailed credit assessment covering repayment capacity. A ₹7,45,000 aadhaar loan falls in this group. A PAN card is generally required for a loan of this size, as part of KYC, tax and regulatory requirements.
Video KYC for an Online Start
Video KYC, known in RBI rules as V-CIP, allows identity to be checked over a live video call. It is one way of completing KYC beyond the limits of an OTP-only check.
Steps on the Video Call
An official of the lender joins a live, recorded call with the applicant. The applicant shows the original PAN card on camera, and Aadhaar details are verified digitally. A live photograph is captured and matched with the records.
Location and Liveness Checks
It ensures that the applicant is present in India in the flesh and not a pre-recorded image of a person. Questions may be asked at random during the call.
The Gold Still Needs a Branch Visit
Video KYC covers identity only. The ornaments are still tested and weighed in the borrower's presence at the lender's branch. A person asking can I get ₹7,45,000 loan on aadhaar card online may complete KYC on video and the valuation in person.
Documents Required for a ₹7,45,000 Gold Loan
A ₹7,45,000 loan on aadhaar card against gold commonly involves the following.
- Aadhaar, verified digitally before or during the video call
- The original PAN card, shown on camera, which is generally needed at this loan size under KYC and tax requirements
- Bank statements and salary slips or ITR
- A device with a camera and a stable connection for the call
- The gold ornaments for testing
Ownership records or a declaration on the jewellery may be sought where the lender's procedures require it. Other papers depend on its policy, the loan amount and the assessment.
Eligibility, Valuation and EMI
The age, residence, and ownership conditions are subject to the relevant regulations and policies of the lenders. The maximum amount of gold ornaments and coins that can be pledged by a single borrower is 1 kg and 50 grams, respectively.
LTV, or loan-to-value, is the share of the gold's value that may be lent. It is 85% up to ₹2.5 lakh, 80% up to ₹5 lakh and 75% above. The ₹7,45,000 aadhaar card loan therefore falls under the 75% cap.
Valuation uses the lower of the previous day's close and the 30-day average for the purity found. These figures come from IBJA or a SEBI-regulated exchange. Only the net gold is valued.
An EMI, or equated monthly instalment, is a fixed monthly payment that covers interest and principal. Some gold loans are repaid through EMIs, while others collect interest monthly or as a single bullet payment at the end. Under the directions, bullet repayment for consumption loans is capped at 12 months. The EMI depends on the rate, tenure and amount, and the Key Facts Statement shows it.
Application Process
- The applicant starts on a regulated lender's website or app, or at a branch.
- Aadhaar is verified, and video KYC is completed with PAN shown on camera.
- The credit report and income records are reviewed with consent.
- The gold is tested and weighed at the branch in the applicant's presence, and the lender shares the amount, rate, tenure and repayment plan.
- The agreement is signed, and disbursal follows once verification and the remaining formalities are complete.
If approved, the loan is disbursed to the bank account given by the borrower, as per the lender's procedures. The ornaments are generally released within seven working days of full repayment. A delay caused by the lender attracts ₹5,000 a day under the directions.
IIFL Finance Support for Gold Loan Applicants
A gold loan of ₹7.45 lakh may be offered by IIFL Finance. The offer depends on product availability, the borrower's eligibility, the evaluation of the gold and the regulations in force at the time. Certain products may be structured for borrowers who hold eligible gold and prefer to begin the process online.
Subject to lender policy and the rules, funds from such a loan can be used for legitimate needs, for example:
- Equipment for a small design studio
- A child's admission to a boarding school
- Dental or eye surgery
- Expenses for a family pilgrimage
Ownership of the gold generally continues with the borrower, as long as the loan is repaid on the agreed terms.
Conclusion
Video KYC allows a large gold loan to begin online, with identity checked over a live and recorded call. Aadhaar is verified digitally, PAN is shown on camera and the applicant's location is confirmed. The gold, however, is still tested in person at the branch. At ₹7,45,000, a detailed credit assessment applies, and the 75% slab caps the loan. A ₹7,45,000 aadhaar loan may then be repaid through EMIs or another structure set out in the Key Facts Statement.
Funds may be raised in this manner against eligible gold, with ownership left with the borrower. The valuation, disclosures and custody of the gold follow the applicable policies and regulations.
Frequently Asked Questions
How much gold loan can I get on a ₹50,000 salary?
Salary does not set the figure. The gold's value and the LTV slab do. Income is reviewed for repayment capacity once the amount is above ₹2.5 lakh.
Can I get a ₹3 lakh loan on my Aadhaar card?
Yes, as a gold loan in the 80% slab. A detailed credit assessment applies since the amount is above ₹2.5 lakh. A ₹7,45,000 aadhar loan sits higher, in the 75% slab.
How to check Aadhaar loan status online?
Status is generally shown on the lender's app or website, using the application reference number. UIDAI's myAadhaar portal separately lists when Aadhaar was authenticated.
Can I apply for a ₹50,000 Aadhaar card loan online?
Yes, an online start is generally possible. The gold is still checked in person at the branch, and the 85% slab applies at this amount.
Can I get a ₹7,45,000 loan using only my Aadhaar card without income proof?
No. Repayment capacity is assessed above ₹2.5 lakh, and income records generally support that review. A ₹7,45,000 aadhaar loan also generally needs PAN.
Disclaimer: This content is general information and does not form a loan offer. Loan terms depend on RBI rules, KYC, the value of the gold, the borrower's assessment and IIFL Finance policy.
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
