Many borrowers assume that every loan application requires a credit score check. However, gold loans are structured differently because eligible gold jewellery serves as collateral. For certain loan amounts and subject to a lender’s internal policy and applicable regulatory requirements, a credit bureau check may not always be mandatory.

The LTV tiered structure gold loan framework determines the maximum proportion of your pledged gold's assessed value that may be sanctioned as a loan, based on the loan amount requested. Under the current RBI regulatory framework, loans of up to ₹2.5 lakh may be eligible for a maximum 85% Loan-to-Value (LTV), loans above ₹2.5 lakh and up to ₹5 lakh may have a maximum 80% LTV, while loans above ₹5 lakh generally carry a maximum 75% LTV, subject to applicable regulations and lender assessment.

Many people working in the informal sector, such as daily wage earners, small shop owners, farmers, artisans and self-employed professionals, may not have regular salary slips or formal employment records. This often creates uncertainty when applying for credit. However, daily wage gold loan income proof requirements are generally different from those for many unsecured loans because a gold loan is secured against eligible pledged gold jewellery rather than relying primarily on a regular salary.

The IBJA gold rate loan benchmark is the reference price that regulated lenders in India use to value pledged gold before sanctioning a gold loan. Instead of relying solely on the gold price on the day of application, lenders generally determine the eligible loan amount using the average of the previous 30 days’ applicable benchmark prices for the relevant purity, together with the applicable Loan-to-Value (LTV) ratio. This standard promotes greater consistency and transparency in IBJA rate gold loan valuation across regulated lending institutions.

Daily wage gold loan income proof requirements are different from those for many unsecured loans because a gold loan is backed by pledged gold jewellery rather than a regular salary. For gold loans up to INR 2.5 lakh, borrowers generally need only basic Know Your Customer (KYC) documents. For higher loan amounts, lenders may request simple indicators of income, such as bank account entries or a self-declaration, instead of salary slips or Income Tax Returns (ITRs).

If your gold loan is above INR 5 lakh, the most you can borrow is 75% of your gold's value. That is the top tier of the RBI's structure that took effect on 1 April 2026. Smaller loans get a higher share, up to 85% below INR 2.5 lakh, but large loans stay at the conservative 75% cap. The gold is valued at IBJA rates. This guide explains how the 75 percent LTV gold loan rule works for bigger loans, how to calculate what you can get, and what happens if gold prices move during the loan. A Gold Loan from IIFL Finance follows these tiers.

For the first time, you can now pledge silver for a loan from a regulated lender. Under the RBI (Lending Against Gold and Silver Collateral) Directions, 2025, effective 1 April 2026, silver ornaments and specific coins are accepted as collateral, alongside gold. The same tiered LTV applies: up to 85% for smaller loans, tapering to 75% for larger ones. There are weight caps, and bars and silver ETFs do not qualify. This guide explains how a loan against silver works, who can apply, the LTV limits, and how it compares with a Gold Loan from IIFL Finance.

From 1 April 2026, the flat 75% cap on gold loans is gone. In its place, the RBI has set three tiers based on loan size: 85% of your gold's value for loans up to INR 2.5 lakh, 80% for loans between INR 2.5 lakh and INR 5 lakh, and 75% for anything above INR 5 lakh. The gold is valued using IBJA rates, not a price the lender picks. This guide explains what the new LTV rules gold loan borrowers now face actually mean, with plain worked examples, what changed, and the rights you have when you pledge gold. If you need funds, a Gold Loan from IIFL Finance follows these same rules.

You may have heard that a CIBIL check is now needed for larger gold loans. Here is the accurate version. From April 2026, the RBI requires a detailed credit assessment, including repayment capacity, for gold loans above INR 2.5 lakh. That usually involves a look at your credit record. It is not a hard minimum-score gate, and your gold still secures the loan, but a large sum now gets a closer review. This guide explains the CIBIL gold loan new rule plainly, what lenders check, and how to prepare. A Gold Loan from IIFL Finance follows this rule.

Short answer: yes, for most everyday loans. A gold loan is secured by your gold, not your salary slip, so lenders lean on the metal rather than your income. For loans up to INR 2.5 lakh, no income proof is needed. Above that, the rules changed a little from April 2026, and a lender will look at your repayment capacity. This guide explains when a gold loan without income proof still works, who can apply, and what papers you actually need. A Gold Loan from IIFL Finance keeps the paperwork light.