The sanctioned loan amount depends on the gold’s market value at the time of evaluation. Rising gold prices may increase eligibility, while falling prices can reduce the eligible amount or affect renewal terms.

Lenders may offer up to 75% of the gold’s prevailing market value, as permitted under regulatory guidelines. The exact LTV depends on the gold’s purity, lender policies, and the selected loan scheme.

Yes, most banks and NBFCs offer online application options. Applicants can submit their details digitally and begin the process conveniently. The loan is sanctioned after verification of the gold and completion of necessary documentation.
 

Reputed lenders disclose all applicable charges upfront. These may include processing fees, valuation charges, and penalties for delayed repayment. Reviewing the loan agreement ensures full transparency and helps avoid unexpected costs.

Yes, NRIs can avail gold loans, provided the gold is pledged in India. Lenders typically require an authorised resident representative and valid documents, including passport and KYC proofs, to complete the application in accordance with regulatory requirements.

The gold valuables pledged by you act as your guarantor. No other guarantor is required.

In order to qualify as a loan applicant, you need to fulfil the eligibility criteria. In other words, you can apply if you are between 18 to 70 years, are an Indian citizen and have a regular source of income from which you can repay the loan.

Calculation of the gold loan amount has been made simple by IIFL Finance through the gold loan calculator on our gold loan webpage. Simply enter the weight of gold in grams that you have to pledge, after subtracting the weight of precious stones that may be a part of it. The loan amount will be displayed on the calculator.