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.
Gold loans are a quick and convenient financing option where borrowers pledge their gold jewellery as collateral to get funds for personal or emergency needs. Since it’s a secured loan, the process is simple, with minimal documentation and quick disbursal. However, understanding the gold loan eligibility criteria and documents required is essential before applying.
Gold Loan Eligibility Criteria Required at IIFL Finance
IIFL gold loans offer the highest level of benefits to customers while promising to keep their gold safe. The gold loan eligibility calculator on the IIFL website helps you understand your gold loan eligibility against your gold jewellery.
The amount of any gold loan offered by a lender will be determined by the total weight of the gold. For the maximum loan amount, the jewellery must be made of gold that is purer than 18 karats. It should be noted that while calculating the overall weight of the gold ornaments, other additions such as stones, gems, diamonds, etc. are typically not taken into account. Only the gold content of the ornament will be determined.
The result will display the eligible gold loan amount based on the market value of gold at that time, along with the interest rate and loan tenure, based on your desired loan amount.
List of gold loan eligibility criteria for an IIFL gold loan include
| Person Age | 18 - 72 |
|---|---|
| Gold Purity | 18 -22 Carats |
| LTV Ratio | Maximum 75%of gold value |
Documentation Required To Meet Gold Loan Eligibility Criteria
The borrower must also present some gold loan document to prove their identification and eligibility for the loan in addition to any gold jewellery to be submitted as collateral.
1. Identity proof: PAN Card or driving license or passport or Voter’s ID Card or Aadhar card
2. Address proof: Voter’s ID or Aadhar Card or Rental Agreement or Utility Bills or Bank Statement
FAQs
No, a CIBIL score check is not a part of the gold loan process at IIFL Finance.
Yes. However, recheck for any prepayment penalties before applying for a gold loan with the respective financial institution.
The loan amount you can get per gram of gold depends on its current market price and purity. At IIFL Finance, you can avail of up to 75% of the gold’s value as a loan-to-value (LTV) ratio. For an accurate estimate, use the gold loan calculator available on the IIFL Finance website.
India's Most Trusted Gold Loan — Disbursal in 30 Minutes
Pledge your gold jewellery safely at your nearest IIFL branch and unlock up to 85% of its value instantly. No income proof. No credit score required. Stored in insured, secure vaults.
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