Gold loan Eligibility Criteria
Har Business Ke Liye,
Gold loan Hai Taiyaar!
1 Cr.+
Happy Customers
3000+
Branches Nationwide
₹3,000/-
Minimum Loan Amount
Up to 85%
Maximum Value of Gold
RBI Regulated NBFC
- Customer rating,
1 Lac+ Reviews
Pledged gold is secured & insured
Zero Hidden Charges
30+ Years of Trust
Gold Loan Eligibility Criteria - Check Your Eligibility
Understanding
gold loan eligibility criteria
is simple with IIFL Finance. Indian residents aged 18 years and above can apply for a gold loan by pledging eligible 18 to 22 carat gold jewellery, subject to appraisal and verification. The eligible loan amount is determined by the gold's weight, purity and applicable valuation norms. Explore the complete
gold loan eligibility
, required documents and key factors that determine the loan amount available against your gold.
18-72 Years
Eligible Age
18–22K
Gold Purity Accepted
Rs 3,000
Minimum Loan Amount
0.81% p.m.
Interest Rate Onwards
- Regulated NBFC
- 4.8 stars from 50,000+ reviews
- Pledged gold is secured and insured
- Zero hidden charges
- 30+ years of trust
- Trusted by 1 Cr+ happy customers
Who Can Apply for an IIFL Finance Gold Loan?
IIFL Finance accepts gold loan applications from a wide range of applicants, and the eligibility criteria for gold loan approval are minimal by design. The gold itself secures the loan, so your occupation and credit history are not deciding factors, and income assessment applies only above Rs 2.5 lakh as per current lending norms.
If you are wondering
who is eligible for gold loan
approval, the short answer is almost everyone: salaried employees, self-employed professionals, business owners, farmers, homemakers, and pensioners are all eligible to apply. Any Indian resident who meets the age requirement and owns gold of the required purity can get a gold loan at IIFL Finance. Here are the
gold loan eligibility facts you must know
before applying:
| Criterion | Requirement |
|---|---|
| Age: 18-72 Years | No upper age limit. Any adult Indian resident can apply. Minors are not eligible to pledge gold or enter a loan agreement. |
| Nationality: Indian Resident | Applicants must be Indian residents. NRIs may apply subject to specific product terms; confirm eligibility with your nearest branch. |
| Occupation: All Accepted | Salaried, self-employed, business owners, farmers, homemakers, and pensioners are all eligible. No employment proof is required. |
| Gold Purity: 18 to 22 Carats | Gold jewellery must be between 18 and 22 carats. BIS Hallmark 22-carat jewellery is the most pledged. Bank-issued gold coins of higher purity are also accepted up to the weight limit permitted under the applicable gold loan framework. |
| CIBIL Score: Not a Deciding Factor | IIFL Finance does not require a minimum CIBIL score. Your credit history does not affect gold loan eligibility or the amount sanctioned. |
Gold Loan Eligibility Per Gram - How Much Can You Borrow?
Your maximum gold loan eligibility depends on three things: the weight of your gold, its purity, and the prevailing gold rate on the date of application. Here is how to calculate gold loan eligibility in two steps: work out your gold's market value from its net weight, purity, and the day's rate, then apply the loan-to-value slab for your loan size, as set under the applicable gold loan framework.
| Loan Amount | Maximum LTV |
|---|---|
| Up to Rs 2.5 lakh | 85% |
| Above Rs 2.5 lakh and up to Rs 5 lakh | 80% |
| Above Rs 5 lakh | 75% |
Note:
This table is for illustrative purposes. The actual LTV applied may vary as per prevailing regulatory guidelines and the loan slab on the date of application.
The table below shows indicative loan amounts per gram for each karat, calculated at an illustrative base rate of Rs 6,000 per gram. Higher-purity gold yields a higher gold loan eligibility per gram because the assessed gold content is greater. Use the IIFL Finance gold loan eligibility calculator for a precise gold loan amount based on today's live rate.
| Gold Purity | Purity Factor | Approx. Loan Per Gram | Notes |
|---|---|---|---|
| 18 Carat | 75.0% | Rs 3,375 - Rs 3,825 | Commonly found in hallmarked jewellery |
| 20 Carat | 83.3% | Rs 3,750 - Rs 4,250 | Less common; verify hallmark before pledging |
| 22 Carat | 91.6% | Rs 4,120 - Rs 4,670 | Most accepted; BIS Hallmark 22K standard |
| 24 Carat | 99.9% | Rs 4,495 - Rs 5,095 | Bank-issued gold coins accepted up to the permitted weight |
Note:
Figures are for illustrative purposes only, at a Rs 6,000 per gram base rate. The lower figure applies the 75% slab (loans above Rs 5 lakh) and the higher figure the 85% slab (loans up to Rs 2.5 lakh). The actual loan per gram may vary based on the gold rate and applicable slab on your date of application. Visit your nearest branch or use the calculator for your exact eligibility.
Documents Required for a Gold Loan
The documents for gold loan KYC at IIFL Finance are minimal. You need one identity proof and one address proof. No income documents are required for loans up to Rs 2.5 lakh. As part of IIFL Finance's KYC practice, a PAN card is asked for when the loan amount exceeds Rs 20,000; if you do not hold a PAN, Form 60 can be submitted as a signed declaration, subject to the loan amount and applicable norms.
Aadhaar is the most convenient single document because it satisfies both identity and address proof requirements simultaneously. If you submit Aadhaar as your identity proof, no separate address document is required. See the full gold loan KYC checklist.
| Identity Proof - Any One | Address Proof - Any One |
|---|---|
| Aadhaar Card | Aadhaar Card |
| PAN Card | Voter ID Card |
| Voter ID Card | Driving Licence (with residential address) |
| Passport (valid) | Passport |
| Driving Licence (valid) | Utility Bill (not older than 3 months) |
| — | Bank Account Statement (not older than 3 months) |
Note:
This checklist is indicative. The documents requested may vary based on the loan amount and applicable KYC norms on the date of application.
The Gold Appraisal Process - What to Expect
When you visit an IIFL Finance branch with your gold, a trained appraiser carries out two assessments that directly determine your maximum gold loan eligibility. Understanding this process helps you arrive prepared.
Gold Loan Eligibility Related Video
Gold Loan Eligibility: Everything You Need to Know
At
IIFL Finance
, we aim to make Gold Loans simple, transparent, and easy to access for our customers. With a customer-first approach and a streamlined process, applying for a Gold Loan becomes quick and convenient.
To understand the
Gold Loan eligibility criteria and application process in detail,
watch the video for complete guidance. If you meet the eligibility requirements mentioned above, you can apply for an online Gold Loan by clicking the
“Apply Now”
button. Fill in the required details and submit the application form, and an
IIFL Finance representative
will contact you to guide you through the next steps of the Gold Loan process.
How to Apply for an IIFL Finance Gold Loan - Step by Step
Once you have confirmed your gold loan eligibility and gathered your documents, the application process at IIFL Finance is straightforward. Searches for gold loan procedure eligibility usually want this exact sequence, and the five steps below cover it from eligibility check to disbursal.
-
Check Your Eligibility Online
Use the IIFL Finance gold loan eligibility calculator on this page or the IIFL Finance mobile app to get an indicative loan amount based on your gold weight and purity. This gives you a figure to compare before visiting the branch.
-
Apply Online or Visit the Nearest Branch
Submit the online application form or walk into any IIFL Finance branch. With over 2,800 branches nationwide, a branch is available in most cities and towns. You can also call 1800-267-3000 to schedule a visit.
-
Bring Your Gold and KYC Documents
Carry your gold ornaments and one identity proof along with one address proof, such as Aadhaar, for KYC documentation. Carry your PAN if the loan amount exceeds Rs 20,000; Form 60 can be submitted if you do not hold a PAN.
-
Gold Appraisal and Document Verification
A trained IIFL Finance appraiser tests purity and weighs the net gold content while the branch team verifies your KYC documents. Both steps happen simultaneously at the branch.
-
Loan Sanctioned and Funds Credited
Once the appraisal and KYC verification are complete, your loan amount is sanctioned, the agreement is signed, and the funds are credited to your bank account. Disbursal timing depends on successful document verification and gold valuation. Your gold is sealed and stored securely in the branch vault until you repay.
How IIFL Finance Mobile App Can Help
The calculator can help estimate the amount that may be available against your gold, while the IIFL Loans Mobile App helps you keep track of your loan after disbursal.
-
View your loan details, outstanding balance and account summary in one place.
-
Make interest or repayment payments through the app and download your account statement whenever required.
-
Access eligible loan services such as repayments, renewals and top-up requests digitally, subject to applicable terms and availability.
-
The IIFL Loans Mobile App can be downloaded from the Google Play Store and the Apple App Store.
FAQs on Gold Loan
No, income proof is not needed for gold loan.
PAN card is needed only for gold loans of above Rs 5 lakh
Gold loan can be availed by filling application online on IIFL Finance website, or by visiting the nearest branch
Using the gold loan calculator, you can check your eligibility before applying for the gold loan
Self-employed persons can apply for a gold loan as eligibility is dependent on the value of pledged gold jewellery rather than work status. To evaluate loan eligibility, lenders consider the weight, purity, and market worth of the gold. After the paperwork and appraisal processes are completed, the loan amount is processed, and the pledged gold is secured with the lender until the loan is repaid and returned.
Yes, NRIs are eligible for IIFL Finance gold loans as long as they produce the necessary paperwork, which includes confirmation of identification and residency and have a co-applicant. Passports and other acceptable evidence are required KYC papers for non-resident individuals. The weight and purity requirements for the gold jewellery pledged as collateral must be met. Until the jewellery is repaid and returned, the promised gold is protected for the duration of the loan.
Income evidence is not a significant issue in gold loan acceptance because eligibility is mostly determined by the value of pledged gold jewellery. Lenders estimate the amount of loan available based on the weight, purity, and market value of the gold. After the documentation and gold evaluation are completed, the loan is finalised, and the pledged gold is safeguarded until full payback. The loan amount corresponds to the evaluated gold value.
The eligibility for a gold loan is determined by the promised gold jewellery used as collateral. Only the gold content of the jewellery is assessed for appraisal, with weight and purity determining eligibility. Items of adequate gold purity and weight can be pledged to secure a loan. The promised gold is secured with the lender until repayment, and borrowers receive their jewellery back after the loan is entirely paid off.
NRIs can avail gold loans from lenders such as IIFL Finance, subject to eligibility and documentation requirements. Applicants must provide valid KYC documents, including a passport, visa, PAN, and overseas address proof. In some cases, lenders may require a resident co-applicant or authorised representative in India. The pledged gold jewellery must meet the required purity and weight standards, and the loan amount is determined based on its assessed value as per RBI guidelines. The pledged gold is stored securely by the lender and returned to the borrower after the loan is fully repaid.
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