Gold loan questions, answered

GoldLoanBazaar is a gold loan comparison platform that helps borrowers compare gold loan options from multiple lenders in one place. We make it easier to understand rates, LTV, loan amounts, schemes, and other key details before choosing a lender.

GoldLoanBazaar brings multiple gold lenders together on a single platform, allowing users to compare their gold loan offerings and choose an option that best suits their requirements.

You can enter your requirements, view available lender options, compare important loan details, and select a suitable lender. The selected lender then handles the loan application, verification, and approval process.

Gold Loan Bazaar lets you compare gold loan interest rates, LTV ratios, and processing fees from multiple banks and NBFCs in one place, so you can choose the best offer available in your city and apply online for free.

No. GoldLoanBazaar is a platform for comparing gold loan options from participating lenders. The actual loan is provided by the selected lender, subject to its eligibility criteria and approval process.

Yes, Gold Loan Bazaar helps you compare and apply for gold loans across major cities as well as Tier 2 and Tier 3 cities in states like Tamil Nadu, including Coimbatore, Madurai, Salem, Tiruchirappalli, and Tirunelveli.

Gold Loan Bazaar lists RBI-regulated banks and NBFCs that follow standard gold storage, security, and compliance protocols, helping you avoid unregulated or informal lenders.

No. Comparing lenders and applying through GoldLoanBazaar is free for borrowers. We are paid by the lender when a loan is disbursed, never by you, and what you are shown is not influenced by that. You always borrow from the bank or NBFC directly - we are the comparison and application layer, not the lender.

We bring lender information together so users can compare factors such as interest rates, LTV, loan amounts, schemes, and applicable charges in one place.

Simply comparing available options does not mean that a loan has been approved. Final eligibility and approval are determined by the respective lender.

Yes. GoldLoanBazaar is designed to let users compare gold loan options from participating banks and NBFCs based on rates, LTV, schemes, and other relevant loan terms.

A gold loan is a secured loan where you pledge your gold jewellery, coins, or ornaments as collateral to a bank or NBFC in exchange for funds. The loan amount depends on the weight, purity, and current market value of the gold, along with the Loan-to-Value (LTV) ratio set by the lender.

The loan amount is determined by the weight and purity of your gold and the Loan-to-Value (LTV) ratio set by the RBI and the lender, which is generally up to 75% of the gold's market value.

Not by itself. The lender generally considers the eligible gold content and purity of the jewellery rather than simply using its total jewellery weight.

LTV stands for Loan-to-Value. It represents the percentage of the assessed value of your pledged gold that a lender is willing to provide as a loan.

Different lenders may have different LTV limits, valuation methods, eligible gold criteria, and loan schemes. As a result, the loan amount offered against the same jewellery can vary.

916 gold refers to gold with a fineness of 916 parts per 1,000, which corresponds to approximately 22-carat gold. This is why 916 is commonly associated with 22K gold.

Yes. GoldLoanBazaar allows borrowers to compare available lender options, including applicable interest rates and other relevant loan details, so they can make a more informed choice.

Interest rate is an important factor, but borrowers should also consider LTV, processing fees, repayment terms, tenure, applicable charges and the specific loan scheme before selecting a lender.

Different lenders can offer different interest rates, LTVs, charges, loan amounts and repayment options. Comparing these factors can help you identify a gold loan option that better suits your requirements.

Gold prices can change during the day, and different sources may use different purity, timing or pricing references. In addition, the lender's final valuation may differ from a displayed benchmark rate.

No. The IBJA rate is a benchmark and does not by itself determine your final loan amount. The lender will assess the jewellery, including its eligible gold content and purity, and apply its applicable LTV and loan terms.

After submitting your application, the selected lender may verify your details, assess your gold jewellery, determine its eligible value, and evaluate your application according to its lending criteria.

Far less than for any other loan. You need proof of identity and proof of address - Aadhaar, PAN, passport, voter ID or driving licence - plus a passport-size photograph. No income proof, no salary slips, no bank statements and no credit check. The gold is the security, so your income and CIBIL score are not part of the decision.

Usually a few hours. Gold loans are among the fastest secured loans in India because there is no income verification and no credit appraisal - the valuation of your jewellery is effectively the whole assessment. In practice: the branch visit and valuation take about 30 to 45 minutes, and disbursal follows the same day for most borrowers.

Yes. A gold loan is fully secured by the jewellery you pledge, so lenders do not decide on the basis of your credit score. Most do not run a credit check at all, and applying does not affect your score. This makes it one of the few credit options genuinely open to first-time borrowers, the self-employed and anyone rebuilding after a default.

Select a suitable lender and loan option, provide the required details, and proceed through the application flow. The respective lender will then carry out its verification and gold valuation process.

IBJA gold rates are benchmark rates published by the India Bullion and Jewellers Association for different gold purities. IBJA publishes daily opening (AM) and closing (PM) rates for gold and other precious metals.

IBJA rates can serve as a benchmark for valuing gold in lending against jewellery. IBJA states that its rates are used as benchmark rates for lending against jewellery by banks and NBFCs in accordance with applicable RBI notifications.

IBJA publishes daily opening (AM) and closing (PM) rates. The rates can differ because gold prices can move during the trading day.

IBJA publishes rates for multiple purities, including 999, 995, 916, 750 and 585 gold. The rates are also published for Silver 999.

No. IBJA's published gold rates are stated as being exclusive of 3% GST and making charges.

Not necessarily. IBJA rates are benchmark/reference rates. A jewellery retailer's final price can include factors such as GST, making charges and other applicable costs.

IBJA rates can be used as a reference for gold valuation, but the final loan amount is determined by the respective lender after assessing the pledged jewellery and applying its applicable LTV, eligibility criteria and scheme terms.

Typically a processing fee and a valuation charge, both usually small relative to the loan. Some lenders also levy stamp duty where applicable, and a fee if the loan runs past its due date. What matters is the total cost, not the headline rate - a low advertised rate with a heavy processing fee can cost more than a slightly higher rate with none. Every lender's fees are shown alongside its rate when you compare.

Many gold loan schemes allow early repayment, but applicable terms or charges can vary by lender and scheme. Check the specific lender's terms before making a repayment.

Nothing happens immediately. The lender will contact you, and you can usually pay the outstanding interest to renew the loan for a fresh tenure. If the loan stays unpaid, the lender is required to send you notice before auctioning the pledged gold - the RBI mandates prior intimation and a transparent auction process. If the auction realises more than you owe, the surplus is returned to you. Talking to the lender early almost always leaves you with better options than staying silent.

Visit Gold Loan Bazaar and compare gold loan interest rates, LTV ratios, and processing fees from multiple banks and NBFCs available in your city.

Choose the lender that best fits your needs and fill out the online application form with your basic personal and loan details.

Upload or provide your KYC documents such as Aadhaar card, PAN card, passport, voter ID, or driving licence to verify your identity and address.

Visit the lender's branch or opt for doorstep service where available, so your gold's weight and purity can be assessed to determine the loan amount.

Once your gold is evaluated and documents are verified, the lender approves the loan and disburses the amount directly to your bank account, often on the same day.

Repay the loan through EMIs, bullet repayment, or interest-only payments as per your chosen plan, and collect your pledged gold once the loan is fully repaid.