Gold Loan vs Personal Loan India 2026 — Poora Comparison

Q: What is the difference between gold loan and personal loan?

Gold loans are secured by gold ornaments with 7-12% interest, instant approval (30 minutes), no CIBIL needed, and max ₹2-5 lakhs. Personal loans are unsecured, require CIBIL 700+, take 2-7 days to process, have 10-16% interest, and can go up to ₹50 lakhs. Gold loans suit emergency cash needs; personal loans are for large amounts without collateral.

Q: What is the LTV ratio for gold loans in India?

RBI has mandated a maximum of 75% LTV (Loan-to-Value) ratio for gold loans. This means if your gold is worth ₹10 lakhs, you can borrow maximum ₹7.5 lakhs. Before 2021, it was 90%, but was reduced to 75% to reduce risk.

Q: Can I get a gold loan with bad CIBIL score?

Yes. Gold loans do not require any CIBIL score check because they are fully secured by gold. Even if your CIBIL is below 500, you can get a gold loan as long as you have pure gold to pledge. Personal loans strictly require CIBIL 700+.

Q: How much gold loan can I get?

Gold loan depends on the weight and purity of your gold. Standard gold purity accepted is 18K or higher. At current rates (₹7,500/g), 50g of pure gold = ₹3.75L value. With 75% LTV, you get ₹2.81L loan. Most lenders allow ₹50,000 to ₹3,000,000 depending on gold quantity.

Q: What happens if I default on a gold loan?

If you fail to repay, the lender will auction your gold after 90 days of default (varies by lender). The auction proceeds first cover your loan + interest + auction costs. Any surplus is returned to you. Defaulting on a gold loan also reports to CIBIL and damages your credit score.

Gold loan aur personal loan ke beech confuse ho? Yeh guide interest rates, CIBIL requirements, processing time, max loan amount, collateral, aur top lenders compare karti hai taaki aap apni financial needs ke liye sahi option choose kar sako.

Gold Loan vs Personal Loan — At a Glance

India ke do sabse popular instant loan options alag financial situations ke liye hain. Gold loans emergency cash ke liye perfect hain bina credit score ke. Personal loans bade amounts ke liye ideal hain bina collateral ke. Chalo dono ko detail mein samajhte hain.

Feature	Gold Loan	Personal Loan
Interest Rate	7-12% per annum	10-16% per annum
Processing Time	30 minutes to 2 hours	2-7 days
CIBIL Score Required	Koi CIBIL check nahi chahiye	700+ chahiye
Tenure	3 months to 36 months	12 months to 60 months
Max Loan Amount	₹1 to ₹50 lakhs (based on gold weight)	₹1 to ₹50 lakhs
Collateral Required	Haan — Gold ornaments (18K+)	Koi collateral nahi (unsecured)
Loan-to-Value Ratio	Maximum 75% (RBI mandate)	Applicable nahi
Prepayment Penalty	Usually koi nahi	Lender pe depend 0-2%
Disbursement Method	Haath mein cash ya bank transfer	Sirf direct bank transfer
Risk if Default	Gold auction ho jaata hai, CIBIL damage hota hai	Legal action, asset attachment, CIBIL damage

How Gold Loans Work in India

Gold loans gold ornaments ke against secured lending hain. Aap apna gold lender ke paas pledge karte ho aur turant cash milta hai. Yeh hai poora process:

Step 1: Gold Purity & Weight Assessment

Lenders 18K purity ya zyaada ke gold ornaments accept karte hain. Lender purity confirm karne ke liye X-ray fluorescence (XRF) ya acid testing se aapka gold test karega. Studded ornaments (stones ya gems wale) mein se metal weight nikala jaata hai. Zyaadatar lenders per ornament 1-2 grams se kam pure gold accept nahi karte.

Step 2: LTV Calculation (Loan-to-Value Ratio)

RBI ne mandate kiya hai ki gold loans ka maximum LTV 75% hai. Yeh aise kaam karta hai:

Your gold weight: 50 grams at 22K purity
Current gold price: ₹7,500 per gram
Gold value = 50g × ₹7,500 = ₹3,75,000
LTV at 75% = ₹3,75,000 × 0.75 = ₹2,81,250 maximum loan

75% LTV kyun? RBI ne 2021 mein LTV 90% se ghatake 75% kiya lenders (gold prices fluctuate hoti hain) aur borrowers (over-leveraging rokne ke liye) ki protection ke liye. Yeh gold prices girne pe margin buffer bhi maintain karta hai.

Step 3: Storage in Bank Locker

Aapka pledged gold bank ke safe deposit locker ya vault mein rakha jaata hai. Jab tak loan active hai aap ise access nahi kar sakte. Lenders storage aur insurance ke liye ₹100-500 per month charge karte hain (ya lump sum pay kar sakte ho). Yeh cost loan amount se deduct hoti hai ya EMI mein add hoti hai.

Step 4: Instant Disbursement

Approve hone ke baad (walk-in applicants ke liye usually 30 minutes mein), cash turant mil jaata hai ya 2 ghante mein bank account mein transfer ho jaata hai. Zyaadatar gold loan lenders — especially Muthoot Finance jaise NBFCs — instantly cash disbursement offer karte hain.

Step 5: Monthly EMI Payments

Agreed interest rate pe monthly equal installments mein loan repay karte ho. Tenures 3 mahine se 36 mahine tak hoti hain. Interest rates poore loan term mein fixed rehti hain.

Step 6: Gold Redemption After Repayment

Poora loan + interest repay karne ke baad gold wapas mil jaata hai. Zyaadatar lenders pe bina kisi prepayment penalty ke early repay bhi kar sakte ho.

How Personal Loans Work in India

Personal loans unsecured loans hain jo aapki creditworthiness (CIBIL score) ke basis pe diye jaate hain. Gold loans ke ulat, koi collateral nahi chahiye. Yeh hai process:

CIBIL Score Check (Critical)

Application ke dauraan sabhi banks aur NBFCs CIBIL score check karte hain. Zyaadatar lenders pe minimum required score 700 hai. 750 se upar score pe sabse kam interest rates aur instant approval milta hai.

Income & Employment Verification

Banks bank statements (last 6 months), ITR (Income Tax Returns), aur employer confirmation se salary verify karte hain. Self-employed individuals ko 2 saal ki ITR aur business registration documents chahiye.

Application & Document Submission

Personal loans mein gold loans se zyaada documentation chahiye:

PAN card and Aadhaar
Last 6 months of salary bank statements
Last 2 years of ITR (if self-employed)
Address proof (electricity bill, lease agreement)
Employer letter with salary details
Signed application form with job and asset details

Credit Check & Underwriting

Bank sirf CIBIL score nahi, poori credit report check karta hai:

Payment history on existing loans/credit cards
Current EMI burden and debt-to-income ratio
Recent defaulted payments or settlement
Multiple loan applications in the past 3 months

Processing Time (2-7 Days)

Zyaadatar banks personal loan applications 2-7 working days mein process karte hain. Kuch fintechs 24 ghante mein approval offer karte hain agar CIBIL excellent (800+) aur regular income hai.

Loan Disbursement

Approve hone ke baad, loan amount 24 ghante mein seedha bank account mein transfer hota hai. Personal loans hamesha bank account mein credit hote hain — cash disbursement ka option nahi.

Fixed EMI Repayment

Personal loans 12 se 60 mahine ke fixed EMIs (Equated Monthly Installments) ke saath aate hain. Gold loans ke ulat, tenure ke dauraan interest rate change nahi hoti jab tak floating-rate loan na ho.

Interest Rates Comparison: Gold Loan vs Personal Loan

Gold loans aur personal loans mein interest rates kaafi vary karte hain. Gold loans typically saste hote hain kyunki woh collateral (gold) se secured hain.

Gold Loan Interest Rates 2026

India mein gold loan rates typically 7% se 12% per annum ke beech hote hain. Rates depend karte hain:

Lender type: Banks (8-11%) vs NBFCs (7-10%)
Loan amount: Larger loans get lower rates
Tenor: Shorter tenures often have slightly lower rates
Gold purity: 22K gold gets better rates than 18K

Lender	Interest Rate	Processing Fee	Storage Charge/Month
Muthoot Finance	7.5-9.5%	0-1%	₹150-300
Manappuram Finance	8-10%	0.5-1%	₹200-300
SBI Gold Loan	8.5-10.5%	0.75-1%	₹100-200
HDFC Bank Gold Loan	9-11%	1%	₹150-250
ICICI Bank Gold Loan	8.5-10.5%	1%	₹150-250
Federal Bank Gold Loan	8.5-10%	0.75-1%	₹100-200
Canara Bank Gold Loan	8.5-10.5%	0.75-1%	₹100-200

Personal Loan Interest Rates 2026

India mein personal loan rates 10% se 16% per annum ke beech hote hain credit profile aur lender pe depend karke:

CIBIL 800+: 10-12% interest
CIBIL 750-799: 11-13% interest
CIBIL 700-749: 12-14% interest
CIBIL below 700: 14-16% or rejected

Lender	Interest Rate Range	Processing Fee	Tenure
SBI Personal Loan	10.75-15.5%	2-3%	12-60 months
HDFC Bank Personal Loan	11-15.5%	2.5%	12-60 months
ICICI Bank Personal Loan	10.5-16%	2-3%	12-60 months
Axis Bank Personal Loan	11-15%	2-2.5%	12-60 months
Kotak Mahindra Personal Loan	10.99-15.49%	2-2.5%	12-60 months
Bajaj Finserv Personal Loan	11-16%	1-3%	12-60 months

Key insight: Gold loans personal loans se 2-4% saste hain kyunki secured hain. Lekin personal loans lambi tenures (60 mahine tak) offer karte hain jo monthly EMI kam kar sakti hain, jabki gold loans maximum 36 mahine tak hote hain.

Top Gold Loan Providers in India

India ke gold loan market mein NBFCs (Non-Banking Financial Companies) aur banks dominate karte hain. Yeh hain top gold loan lenders unke advantages ke saath:

1. Muthoot Finance — Fastest Processing

Interest Rate: 7.5-9.5% per annum
Processing Time: 30 minutes (instant cash disbursal)
Max Loan: Up to ₹3,000,000
Min Gold: As low as 1 gram
Advantage: Instant cash, minimum documentation, nationwide branches (300+)

2. Manappuram Finance — Competitor to Muthoot

Interest Rate: 8-10% per annum
Processing Time: 30 minutes to 2 hours
Max Loan: Up to ₹2,000,000
Min Gold: 2 grams
Advantage: Competitive rates, online application available

3. SBI Gold Loan — Trusted Bank Option

Interest Rate: 8.5-10.5% per annum
Processing Time: 24-48 hours
Max Loan: Up to ₹50,00,000 (very high)
Min Gold: 5 grams
Advantage: Lowest processing fees, can avail via YONO app, low storage charges

4. HDFC Bank Gold Loan

Interest Rate: 9-11% per annum
Processing Time: 24-48 hours
Max Loan: Up to ₹25,00,000
Advantage: Flexible repayment options, low interest for existing customers

5. ICICI Bank Gold Loan

Interest Rate: 8.5-10.5% per annum
Processing Time: 24-48 hours
Max Loan: Up to ₹25,00,000
Advantage: Available via iMobile app, interest rate guarantee for 12 months

6. Federal Bank Gold Loan

Interest Rate: 8.5-10% per annum
Processing Time: 24 hours
Lowest Processing Fee: 0.75%
Advantage: Among lowest storage charges, competitive rates

7. Canara Bank Gold Loan

Interest Rate: 8.5-10.5% per annum
Processing Time: 24-48 hours
Advantage: Reasonable rates, simple documentation process

Top Personal Loan Providers in India

Personal loans banks, NBFCs, aur fintechs offer karte hain. Yeh hain top personal loan lenders:

1. SBI Personal Loan — Most Popular

Interest Rate: 10.75-15.5% per annum (based on CIBIL)
Processing Time: 2-3 days for existing customers
Max Loan: Up to ₹50,00,000
Min Eligibility: 21-60 years, CIBIL 700+
Advantage: Can apply via YONO app, fastest processing for account holders

2. HDFC Bank Personal Loan

Interest Rate: 11-15.5% per annum
Processing Time: 2-7 days
Max Loan: Up to ₹25,00,000
Advantage: Low processing fee for existing customers, online approval

3. ICICI Bank Personal Loan

Interest Rate: 10.5-16% per annum
Processing Time: 2-4 days
Max Loan: Up to ₹50,00,000
Advantage: Available on iMobile app, instant approval for salaried employees

4. Axis Bank Personal Loan

Interest Rate: 11-15% per annum
Processing Time: 2-3 days
Advantage: Competitive rates, flexible tenure up to 60 months

5. Kotak Mahindra Bank Personal Loan

Interest Rate: 10.99-15.49% per annum
Processing Time: 3-4 days
Advantage: Reasonable interest rates, quick approval for salaried professionals

6. Bajaj Finserv Personal Loan

Interest Rate: 11-16% per annum
Processing Time: Same-day approval possible
Advantage: Easy online application, low processing fees (1%)

When to Choose Gold Loan

In scenarios mein gold loan aapka best option hai:

1. You Have an Emergency & Need Cash Immediately

Gold loans 30 minutes se 2 ghante mein cash disburse karte hain. Agar medical emergency ya urgent bill pay karna hai, toh gold loan personal loan ke 2-7 din ke processing se tez hai.

2. Your CIBIL Score is Below 700 (or You Have No CIBIL History)

CIBIL 700 se neeche ho toh banks personal loan applications reject kar dete hain. Lekin gold loans CIBIL bilkul check nahi karte. Agar bad credit history ya koi credit history nahi hai, toh instant credit ke liye gold loan hi ek option hai.

3. You Want Lower Interest Rates

Gold loans 7-12% interest offer karte hain vs personal loans 10-16% pe. Agar idle gold hai aur interest bachana chahte ho, toh gold loan ₹3 lakh ke loan pe saal mein ₹10,000-30,000 bacha sakta hai.

4. You Have Idle Gold at Home

Agar aapke paas gold jewelry hai jo saalon se use nahi ki, toh gold loan se cash mein convert karna aapki idle wealth ko kaam pe lagata hai. Gold aapka rehta hai aur repayment ke baad wapas mil jaata hai.

5. You Need Only ₹25,000-₹3,00,000

Chhote loans (₹5 lakhs se kam) ke liye gold loan processing sasti aur tez hai. Chhoti amounts ke liye personal loan ki documentation overkill hai.

6. You Want to Avoid Lengthy Documentation

Gold loans mein sirf ID proof aur gold chahiye. Personal loans mein 6 months ke bank statements, 2 saal ki ITR, employer letter, address proof, etc. chahiye. Gold loans documentation-light hain.

When to Choose Personal Loan

In situations mein personal loan choose karo:

1. You Don't Own Any Gold or Valuable Collateral

Agar gold jewelry nahi hai, toh personal loan unsecured borrowing ka ek hi option hai. Personal loans specifically bina collateral wale logon ke liye design kiye gaye hain.

2. You Need a Large Loan Amount (₹5+ Lakhs)

Gold loan max aapke gold ki value se capped hai. Agar ₹10 lakhs chahiye lekin sirf ₹5 lakhs ka gold hai, toh gold loan se nahi mil sakta. Personal loans income ke basis pe ₹50 lakhs tak allow karte hain.

3. You Have Good CIBIL Score (750+)

Agar CIBIL 800+ hai, toh personal loan 10-11% interest pe milega, jo gold loan rates ke competitive hai. Plus, gold apne paas rehta hai aur lambi tenure milti hai (60 mahine tak).

4. You Want Longer Repayment Period

Personal loans 12-60 mahine ki tenure offer karte hain, jabki gold loans maximum 36 mahine tak. Agar 5 saal mein payments spread karna chahte ho, toh thoda zyaada interest hone ke baad bhi personal loan better hai.

5. You Don't Want to Risk Losing Collateral

Agar gold loan pe default karte ho, toh 90 din baad lender gold auction kar dega. Agar sentimental ya valuable gold khona acceptable nahi hai, toh personal loan (bina collateral risk ke) safer hai.

6. You Want Fixed-Rate Certainty Over Entire Loan Term

Personal loans fixed rates ke saath aate hain. Kuch NBFCs pe gold loan rates current gold prices pe based hote hain aur change ho sakte hain. Personal loan rate volatility se protect karta hai.

7. You Need Loan Amount Flexibility

Kuch banks pre-approved personal loan limits offer karte hain. Agar achhe customer ho, toh is mahine ₹2 lakhs aur agle mahine ₹5 lakhs borrow kar sakte ho. Gold loans mein har baar fresh pledging chahiye.

Risks & Downsides of Gold Loans

1. Risk of Gold Auction if You Default

Yeh sabse bada risk hai. Agar 90 din tak EMI payments miss karte ho (lender pe vary karta hai), toh lender debt recover karne ke liye gold auction kar dega. Auction value gold ki actual value se kam ho sakti hai, aur baaki ka nuksaan aapka.

Example: Aapne ₹3 lakhs gold ke against ₹2 lakhs udhar liye. Default ke baad gold ₹2.5 lakhs mein auction hota hai. Lender ₹2 lakhs + interest (₹30K) + auction costs (₹10K) recover karta hai. Aapko kuch nahi milta. Aur bura yeh ki CIBIL score bhi damage hota hai.

2. Gold Price Fluctuation & Margin Calls

Agar gold prices significantly gir jaayein, toh lender aur gold deposit karne ya loan ka kuch hissa pay karne bol sakta hai (margin call). Gold prices monthly 5-10% fluctuate hoti hain, jo uncertainty create karta hai.

3. High Processing Fees at NBFCs

Banks 0.75-1% processing fee charge karte hain, jabki Muthoot jaise NBFCs 1-1.5% charge karte hain. ₹3 lakh ke loan pe yeh ₹4,500 upfront cost hai.

4. Monthly Storage & Insurance Charges

Zyaadatar lenders gold store aur insure karne ke liye ₹100-300/month charge karte hain. 12-month loan mein yeh ₹1,200-3,600 additional cost hai.

5. Limited Tenure (Max 36 Months)

Gold loans maximum 36 mahine tak hote hain. Agar monthly EMI kam karne ke liye lambi repayment period chahiye, toh nahi mil sakti. Chhoti tenure = zyaada monthly burden.

6. No Loan Balance Tracking or Flexibility

Credit cards ke ulat jahan koi bhi amount repay kar sakte ho, gold loans mein fixed EMIs hain. Har mahine complete EMI pay karna padta hai warna default report hota hai.

7. Gold Purity Disputes

Kuch NBFCs gold ko actual se kam purity mark karte hain (LTV kam karne ke liye). Gold purity assessment pe dispute ka risk hamesha rehta hai, especially chhote lenders pe.

Risks & Downsides of Personal Loans

1. CIBIL Score Dependency

Agar CIBIL 700 se neeche hai, toh zyaadatar banks application reject kar dete hain. 700-750 score pe bhi zyaada interest rates milte hain. Poor credit wale logon ke liye personal loans inaccessible hain.

2. Higher Interest Rates (10-16%)

Personal loans gold loans se 2-4% mehenge hain. ₹5 lakh ke loan pe iska matlab saal mein ₹10,000-20,000 extra interest hai.

3. Lengthy Documentation & Processing Time

Bank statements, ITR, employer letter, address proof chahiye. Processing 2-7 din leti hai. Agar irregular income hai ya self-employed ho, toh aur bhi complex hai.

4. High Processing Fees

Banks personal loans pe 2-3% processing fee charge karte hain. ₹5 lakhs pe loan amount mein se ₹10,000-15,000 deduct ho jaate hain.

5. Debt Burden Risk

Personal loans unsecured hain, isliye banks apna risk minimize karne ke liye zyaada interest rates aur kayi checks maangte hain. Default karne pe legal action aur wage attachment ho sakta hai.

6. Multiple Hard Inquiries Damage CIBIL

Agar 5 banks mein personal loan ke liye apply karte ho, toh har ek hard inquiry trigger karti hai, har inquiry se CIBIL 5-10 points girta hai. Isse future loan approvals mushkil ho jaate hain.

7. Prepayment Penalties at Some Lenders

Gold loans mein koi prepayment penalty nahi, lekin kuch personal loan lenders early repay karne pe 1-2% penalty charge karte hain. Terms dhyan se check karo.

Gold Loan vs Personal Loan — Tax Implications

Is Gold Loan Interest Tax-Deductible?

Zyaadatar cases mein, nahi. Gold loan interest sirf tab tax-deductible hai jab loan business purposes ke liye liya ho. Personal consumption ke liye gold loans Section 24 ya Income Tax Act ke kisi aur section ke under tax-deductible nahi hain.

Gold loan wala salaried employee: Interest deductible NAHI hai
Business ke liye gold loan use karne wala business owner: Interest deductible HAI
Gold loan wala jewelry shop owner: Interest deductible HAI

Is Personal Loan Interest Tax-Deductible?

Nahi, personal loan interest kisi bhi purpose ke liye kabhi tax-deductible nahi hai. Chahe personal loan business ya investment fund karne ke liye use karo, interest deductible nahi. Lekin agar funds business expense ke liye use kiye hain, toh woh business expense khud deductible hai.

Example

Aap ₹5 lakh personal loan lo 12% interest pe (₹60,000/year). Ise business project fund karne ke liye use karo. ₹60,000 interest deductible NAHI hai. Lekin business project expenses deductible HAIN.

Home Loan Interest vs Gold/Personal Loan Interest

Home loan interest ₹2 lakh tak Section 24 ke under tax-deductible hai. Isliye gold/personal loans ke comparison mein long-term wealth building ke liye home loans preferred hain.

Tax Planning Tip: Agar gold loan le rahe ho, toh check karo ki kya ise business purposes ke liye use karke interest deduction le sakte ho. Personal loans kabhi deductible nahi, isliye business owners ke liye gold loans tax-superior hain.

Gold Loan Calculator Example

Chalo ek example gold loan calculate karte hain ki kitna udhar le sakte ho aur EMI kya hogi.

Scenario

Your gold ornaments: 50 grams of 22K pure gold
Current gold price: ₹7,500 per gram
Total gold value: 50g × ₹7,500 = ₹3,75,000

LTV Calculation (75% Maximum)

LTV at 75%: ₹3,75,000 × 0.75 = ₹2,81,250 maximum loan
Processing fee (1%): ₹2,812
Storage charge for 12 months (₹200/month): ₹2,400
Net amount disbursed: ₹2,81,250 - ₹2,812 - ₹2,400 = ₹2,76,038

EMI Calculation

Loan amount: ₹2,76,038
Interest rate: 9% per annum
Tenure: 12 months
Monthly EMI: ₹2,405 (principal + interest)
Total amount paid: ₹2,405 × 12 = ₹28,860
Total interest paid: ₹28,860 - ₹27,604 = ₹1,256 (approximately)

If You Choose 24-Month Tenure

Monthly EMI: ₹1,276
Total interest paid: ₹2,513
Your gold will be locked for 24 months instead of 12

Note: Yeh simplified calculations hain. Actual EMI lender ki exact processing fee, insurance charges, aur interest calculate karne ke tarike (daily, monthly, etc.) pe vary ho sakti hai.

Personal Loan EMI Example

Chalo same amount ke personal loan se compare karte hain.

Scenario

Loan amount needed: ₹2,76,000
Interest rate: 12% per annum (for CIBIL 750+)
Processing fee: 2.5%

Processing Fee

Processing fee (2.5%): ₹6,900
Net amount disbursed: ₹2,76,000 - ₹6,900 = ₹2,69,100

EMI Calculation for Different Tenures

12-month tenure: Monthly EMI = ₹2,364 | Total interest = ₹27,336
24-month tenure: Monthly EMI = ₹1,252 | Total interest = ₹33,648
36-month tenure: Monthly EMI = ₹861 | Total interest = ₹40,908
60-month tenure: Monthly EMI = ₹546 | Total interest = ₹60,240

Comparison with Gold Loan

Gold loan for 12 months: EMI ₹2,405 | Interest ₹1,256
Personal loan for 12 months: EMI ₹2,364 | Interest ₹27,336
Difference: Personal loan interest is ₹26,080 MORE even with 1% lower processing fee

Key fark: Gold loans mein interest bahut kam hai kyunki collateral se secured hain. Personal loans unsecured lending ke risk ki bharpaai ke liye zyaada interest charge karte hain.

Aksar Poochhe Jaane Wale Sawaal

What is the difference between gold loan and personal loan?

Gold loans gold ornaments se secured hain 7-12% interest ke saath, instant approval (30 minutes), CIBIL nahi chahiye, aur max ₹2-5 lakhs. Personal loans unsecured hain, CIBIL 700+ chahiye, 2-7 din processing, 10-16% interest, aur ₹50 lakhs tak ja sakte hain. Gold loans emergency cash needs ke liye sahi hain; personal loans bade amounts ke liye bina collateral ke.

What is the LTV ratio for gold loans in India?

RBI ne gold loans ke liye maximum 75% LTV (Loan-to-Value) ratio mandate kiya hai. Iska matlab agar aapka gold ₹10 lakhs ka hai, toh maximum ₹7.5 lakhs udhar le sakte ho. 2021 se pehle yeh 90% tha, lekin risk kam karne ke liye 75% kar diya gaya.

Can I get a gold loan with bad CIBIL score?

Haan. Gold loans mein CIBIL score check ki zaroorat nahi kyunki yeh gold se fully secured hain. Agar CIBIL 500 se neeche bhi hai, toh bhi gold loan mil sakta hai jab tak pledge karne ke liye pure gold hai. Personal loans strictly CIBIL 700+ chahte hain.

How much gold loan can I get?

Gold loan aapke gold ki weight aur purity pe depend karta hai. Standard accepted gold purity 18K ya usse zyaada hai. Current rates (₹7,500/g) pe, 50g pure gold = ₹3.75L value. 75% LTV ke saath, ₹2.81L loan milta hai. Zyaadatar lenders gold quantity ke hisaab se ₹50,000 se ₹3,000,000 tak allow karte hain.

What happens if I default on a gold loan?

Agar repay nahi kar paate, toh lender default ke 90 din baad gold auction karega (lender pe vary karta hai). Auction proceeds pehle loan + interest + auction costs cover karte hain. Koi surplus ho toh wapas mil jaata hai. Gold loan pe default karna CIBIL ko bhi report hota hai aur credit score damage hota hai.