PAN Card Checks During Video KYC for a ₹4,55,000 Gold Loan
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A borrower who starts a gold loan on a phone soon meets a video call from the lender. The person on the other end asks to see the PAN card. That moment puzzles many first-time applicants, and it sits behind is PAN card mandatory for 455000 Rs loan.
A gold loan of ₹4.55 lakh sits in the middle slab of the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025. The directions were implemented by regulated lenders from April 2026. In this slab the loan-to-value ceiling, or LTV (the share of the gold's value a lender can give as loan), is 80%. A credit assessment also applies. This blog explains the PAN's part in video KYC, where the gold fits, the documents, the valuation and the steps.
PAN During a Video KYC Session
This section explains the video step. Video KYC, called V-CIP in the RBI's KYC direction, is a live, recorded video call between the applicant and an official of the lender. The official confirms the applicant is real, present in India, and matches the documents.
The PAN is handled in one of two ways. The applicant holds the card up to the camera, and the official captures a clear image. Or the lender verifies the number directly with the issuing authority's database, and no card is shown. Either way the name and date of birth are matched against the Aadhaar record used in the same session.
For ₹4.55 lakh, the PAN card is generally required for a loan of this size in accordance with applicable KYC, tax and regulatory requirements. A Form 60 declaration may not be accepted in its place, depending on lender policy.
The session also captures a live photograph and the location of the phone. So 455000 loan is PAN card mandatory is answered on screen, with the same number a branch would record. That also answers is PAN card compulsory for 455000 Rs loan.
Valuation of the Gold After Online KYC
This section covers the part of the process that the video call does not cover. The gold is not weighed or tested on camera. The ornaments still go to the lender's valuer, at a branch or through a doorstep visit where offered, subject to policy. The purity check happens in the borrower's presence, and a certificate is issued.
The credit assessment above ₹2.5 lakh runs on the PAN captured in the video session. Credit history may be considered by lenders in accordance with internal policies and applicable regulatory requirements. Anyone asking is PAN card needed for a 455000 loan online will find the number checked on camera and the gold in person.
Documents Required for a ₹4,55,000 Gold Loan
- PAN card or e-PAN, generally required for a loan of this size in accordance with applicable KYC, tax and regulatory requirements.
- Aadhaar for the video session, or another officially valid document (an identity and address proof from the KYC list) where the lender permits.
- A live photograph captured during the session, in place of printed photographs.
- An income record for the assessment above ₹2.5 lakh, such as salary slips or bank statements, uploaded or handed over.
- The ornaments, which are weighed and tested in person.
Lenders may seek declarations, supporting records or other information relating to ownership of pledged ornaments where required under their internal procedures. Additional documentation requirements, if any, depend on the lender's policies, loan amount and assessment requirements.
Eligibility and Valuation
Eligibility and the method of valuation are covered in this section. Eligibility criteria, including age, residency and ownership-related requirements, are subject to applicable regulations and lender policies. Interest rates and charges may differ across products and lenders based on operational, funding and risk-management considerations.
The amount depends on the assessed value of the gold and the LTV slab, and between ₹2.5 lakh and ₹5 lakh that slab is 80%. The gold is valued at whichever is lower of the previous day's closing price and the 30-day average from IBJA or a SEBI-regulated exchange. Purity and net weight are then applied to that price. The gold needed for ₹4.55 lakh moves with the price on the day, the purity found and the lender's procedure.
Application Process
- The applicant begins on a regulated lender's app or website, or at a branch, and enters the PAN.
- A video KYC session is completed, with the PAN shown or verified and a live photograph captured.
- The ornaments go to the branch or to the lender's valuer, who weighs and tests them in the applicant's presence and issues a certificate.
- The lender runs the assessment on the PAN and makes an offer within the 80% ceiling, with rate, tenure and repayment terms.
- The agreement is signed, digitally where the lender offers it, and disbursal follows once verification and the remaining formalities are complete.
Disbursal, where approved, is made in accordance with applicable regulations, lender procedures and the borrower's designated bank account details. Under the directions, the ornaments are released within seven working days of full repayment, and a delay caused by the lender carries ₹5,000 a day.
IIFL Finance Support for Gold Loan Applicants
IIFL Finance may offer a gold loan of ₹4.55 lakh, subject to product availability, borrower eligibility, collateral assessment and prevailing regulatory requirements. The product may suit an applicant who starts the paperwork from home and visits only for the valuation. Subject to applicable regulatory requirements and lender policies, funds obtained through a gold loan may be used for various legitimate personal or business-related purposes:
- A course fee due before the term starts
- A family member's hospital admission
- Restocking a small retail shop before a festival
- Replacing a refrigerator or sewing machine used for work
Unlike a sale transaction, a loan against eligible gold collateral generally allows the borrower to retain ownership, subject to repayment and the lender's applicable terms and conditions.
Conclusion
On a ₹4.55 lakh gold loan started online, the PAN is checked during a recorded video session. It is shown on camera or verified with the issuing authority. The gold is weighed and tested in person, because a camera does not do that. The 80% ceiling and the benchmark price decide how much gold the loan needs.
A person asking is PAN card required for a 455000 Rs loan can expect the answer on screen and the valuation in person. A gold loan may provide access to funds against eligible collateral while allowing ownership of pledged gold to be retained. Valuation procedures, disclosures, and collateral handling are carried out in accordance with applicable policies and regulations.
Frequently Asked Questions
Is a PAN card compulsory for a loan?
Yes, in most cases. Lenders verify the PAN under the KYC direction, and a person who holds none signs Form 60. For a gold loan of this size, the assessment reads the credit file kept against the number. In a video session the lender may verify the number directly with the issuing authority, so the card itself is sometimes not shown at all.
Is a PAN card mandatory for EMI?
No, not for each instalment. PAN is verified once, during the video session or at the branch. Repayments run through a mandate on the bank account, often set up digitally in the same flow. Each instalment is reported to the credit bureau against the PAN on file. The mandate itself is registered against the account holder's name, so the name on the bank record needs to match the PAN.
What is the limit of transactions without PAN card?
There is no single figure for loans. The income-tax rules set thresholds transaction by transaction, and the KYC direction asks lenders to follow that list, with Form 60 where no PAN exists. On a gold loan the amount that changes the file is ₹2.5 lakh, where the assessment begins. Cash disbursal is generally limited to ₹20,000 under income-tax rules, so the sanction goes to a bank account.
Can I get a ₹4,55,000 personal loan using an e-PAN card?
Yes, on a gold loan. An e-PAN issued by the Income Tax Department carries the same number as the printed card. It can be held up to the camera in a video session like any other card. For KYC, lenders generally accept it, subject to policy, and check the number against the issuing authority's record. The PDF opens with a password based on the date of birth.
Disclaimer: Gold loan eligibility, sanctioned amount, interest rate, charges, LTV, tenure and disbursal are subject to applicable RBI requirements, KYC requirements, collateral valuation, borrower assessment, the scheme selected and IIFL Finance policy. Nothing here is an offer, commitment or assurance of sanction. The sanction documentation and Key Facts Statement govern borrower-specific terms.
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
