How to apply for a Gold loan online?

Availing a loan against gold is one of the most lucrative options, whether it is for meeting emergencies, to support your child’s education, or for other personal reasons. You can easily apply for online gold loan by following the steps mentioned below:

Steps to apply for a gold loan at IndiaLends

Step 1

First and foremost, step is to check your eligibility before you apply for a gold loan.

Age: Minimum age is 18 years old and there is no maximum limit

Document: You should have valid KYC documents which includes your address proof and identity proof

Here you can check a detail list of documents required for a gold loan

Step 2

After checking the eligibility, click here to fill the form which includes the following details:

  • Full Name (As per PAN Card)
  • Email Address
  • Mobile Number
  • Current Residence Pin code
  • Required Loan Amount (Provide gold loan amount between 75% to 77% of the valued amount.)

Interest rates applicable on Gold Loan Amount

Monthly Re-payment Product
Loan Amount Rate of Interest
20k to 25k 1.65% per month
25k to 5 Lacs 1.33% per month
5 Lacs Above 0.89% per month

If you are willing to pay both interest and principal amount after the loan matures then the interest rate in that case applicable is 1.58%. It is also known as one-shot repayment.

  • Jewelry Quantity (min 10 gm): Gold will be valued on the market rate
  • Employment Type: Salaried/Self Employed

Step 3

After you fill the 'Basic Details form', online verification of documents will take place. Post verification of the documents, you get a call from our sales manager, who will explain to you the whole gold loan process.

Step 4

If you meet the above eligibility criteria and agreed on the terms and conditions, within 45 minutes the loan manager will visit the gold loan applicant's place to verify the gold ornaments.

Step 5

Post verification of the documents and the gold pledged, your loan amount will get directly disbursed in your bank account of which you have shared details within a few hours by the loan manager.