Reserve Price Floor:
Under RBI rules effective April 1, 2026, your gold's auction reserve price must not be less than
90%
of its current assessed value.
After 2 Failed Auctions:
The minimum floor may reduce to
85%
— but never below that under any circumstances.
LTV Limits (Apr 2026):
≤₹2.5L → 85% LTV · ₹2.5–5L → 80% LTV · Above ₹5L → 75% LTV.
Valuation:
Based on actual purity + net weight + RBI benchmark price. Stones and gems are excluded from the calculation entirely.
Surplus Refund:
If auction proceeds exceed your total dues, the balance
must
be returned to you by the lender per RBI directions.
The nurse working in a private hospital requires ₹7,95,000 for the marriage of her younger sister, who will be getting married later this year. The jewellery owned by the family is sufficient to secure a loan, and also the salary is regular. The nurse is unsure which salary papers a lender will want. The question typed late one night is about a ₹795000 aadhaar loan, followed by a list of worried follow-ups.
A gold loan is a loan against ornaments, which a regulated lender holds until the dues are paid. This guide begins with the credit review and the KYC route that apply at ₹7,95,000. After that, it looks closely at the salary records a salaried applicant is commonly asked for. Documents, valuation, the steps and a few FAQs make up the rest.
Credit Assessment at ₹7,95,000
RBI Directions on (Lending against Collateral of Gold and Silver) have been effective from April 2026 onwards. In case of gold and silver loans amounting to more than ₹2.5 lakh, these directions lay emphasis on conducting an assessment of the creditworthiness of the borrower. Repayment ability, which means capacity to repay the loan out of the income earned, forms the basis of this assessment.
For a ₹795000 aadhaar loan, the salary is the main evidence of that capacity. No minimum credit score is named in the directions. The lender may still read the credit report, as its policy permits.
The KYC Route for a Salaried Applicant
Aadhaar covers identity and address. At this amount, OTP-only e-KYC carried out remotely is generally not used, because it stops at ₹60,000 of term loans in a year. Video KYC suits many salaried people, as it can be fitted around a shift. A branch visit or a biometric check is the other option.
A PAN card, generally required for a loan of this size under KYC and tax rules, is checked along with Aadhaar. A short search for ₹795000 aadhar loan rarely shows that both are needed.
Salary Papers in the Loan File
This section covers the papers through which a salaried applicant's income is commonly shown.
Payslips
Recent payslips show gross pay, deductions and take-home salary. Lenders commonly ask for the last few months. The employer's name on the payslip may also be matched with the bank credits.
The Salary Account
A bank statement shows the salary arriving each month. It also shows existing EMIs and other regular payments going out. Together, these give the lender a picture of what is left over each month.
Tax and Employment Details
The employer's annual TDS certificate or the income tax return may be requested. Some lenders also note the length of service. For applicants asking can I get ₹795000 loan on aadhaar card, these records form part of the repayment-capacity review.
Documents Required
For a salaried applicant at this amount, the file commonly includes the following.
- Aadhaar, for identity and current address
- PAN card, generally required at this loan size
- Payslips for recent months
- Salary account statements
- The employer's TDS certificate or an income tax return, where asked
- The gold ornaments to be pledged
Some lenders may seek a declaration or other information on ownership of the jewellery. Other papers depend on lender policy, the loan amount and the assessment.
Eligibility and Valuation
Age, residency and ownership requirements are subject to the applicable regulations and lender policy. The gold has to be eligible too, with jewellery and bank-issued coins accepted and bars and gold ETFs left out.
The LTV ratio, which stands for Loan-to-Value ratio, takes into account the amount of the loan as a percentage of the value of the gold. It is 85% for loans not exceeding ₹2.5 lakh, 80% for loans over ₹2.5 lakh but not exceeding ₹5 lakh, and 75% for loans exceeding ₹5 lakh.
Two benchmark prices are compared: the previous day's closing price and the 30-day average, from IBJA or a SEBI-regulated exchange. The lower one is used. It is adjusted for purity and applied only to the net gold.
Application Process
For a salaried applicant, a ₹795000 loan on aadhaar card generally moves through the steps below.
- The applicant approaches a regulated lender online or at a branch, depending on what fits around work hours.
- Aadhaar and PAN are verified by video KYC, biometric e-KYC or in person.
- Payslips and salary statements are looked at, and the credit report is fetched with consent.
- The ornaments are tested and weighed with the applicant there. The terms, including the applicable interest rate, are then shared in writing.
- After the terms are accepted, disbursal follows once verification and the remaining formalities are complete.
Rates and charges may vary from lender to lender. Once the loan is fully repaid, the gold is to be returned within seven working days. If the lender is late, it pays ₹5,000 a day.
IIFL Finance Support for Gold Loan Applicants
IIFL Finance may offer a gold loan of ₹7.95 lakh. This is subject to product availability, the applicant's eligibility, the collateral assessment and the regulatory requirements of the time. Salaried employees with regular bank credits and eligible jewellery are among those it may suit.
In keeping with the applicable rules and lender policy, the money may meet legitimate personal needs such as:
- A sibling's wedding expenses
- A parent's cataract surgery
- A nursing specialisation course
- Travel costs for a family function
The ornaments are pledged and not sold, so ownership generally stays with the borrower. They come back after the final payment is made as per the loan terms.
Conclusion
For a salaried person, income is shown through papers that are fairly simple to put together. Payslips and the salary account are the main records, and the TDS certificate or tax return may be added. For a ₹7,95,000 gold loan, these feed into the detailed credit assessment that applies above ₹2.5 lakh. KYC is generally done by video or at the branch at this amount, with PAN checked alongside Aadhaar. In the end, a ₹795000 aadhaar loan still stays within 75% of the gold's net value.
The jewellery has been collateralized but is still owned by the family. Valuation, disclosure, and proper custody of the jewellery will be done in accordance with the relevant policies.
FAQs
Not on Aadhaar alone. It completes KYC, but a gold loan also needs pledged gold, a PAN card and, above ₹2.5 lakh, a review of repayment capacity.
Yes, in many cases, as a gold loan. The 85% slab applies at ₹2 lakh, and Aadhaar is used for KYC.
Some lenders do allow this. At ₹50,000, OTP-based e-KYC may be used, but the gold is still valued before disbursal.
Payslips, salary statements and a PAN card are commonly asked for. A ₹795000 aadhaar loan also needs a tax record and the jewellery being pledged.
Disclaimer: This blog only shares general information and is not an offer of credit. A gold loan's terms are set by RBI rules, KYC requirements, the gold's value, the borrower's assessment and IIFL Finance policy.
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