Gold Loan Features

Loan in just 15 minutes

Apply with PAN or Aadhar Card

Loans starting from Rs.5,000

Multiple repayment options

Features and Benefits of Gold Loan

  • High-Value Finance:  Avail a high loan amount as funding up to 90% of the Value of Gold
  • Lowest Interest Rate:  Gold Loan interest rates are the lowest rates offered by Banks and NBFCs
  • Repay in Easy EMIs:  Benefit from our flexible EMI offerings from our reputed lending partners
  • Prepayment / Part Payment:  Reap profit and save from the practical Pre and Part Payment options
  • Zero Foreclosure Fees:  Take advantage of Nil or Near to Zero Foreclosure Charges on offer
  • No Income Proof:  Worry less about loan approval; Ruloans Gold Loans need no income proof
  • Quick Loan Renewal:  Simply request a gold loan renewal; renewals are quicker than you expect
  • Instant Loan Disbursal:  Online and easy documentation allows speedy processing of your Gold Loan

Gold Loan Eligibility and Documents

Read on to know the criteria required to apply for our Gold Loan.

Eligibility Criteria for Gold Loan

Age:  Your age should be minimum of 21 years, and a maximum of 68 years at Loan Maturity

Nationality:  You should be a Resident Citizen of India without having defaulted on any previous loans and without any Criminal Record

Credit Score:  Your credit score should be 650 or higher

Eligible Entities:  Anyone having gold is eligible irrespective of income or employment.


Note: The above eligibility criteria are for indicative purposes only, and can vary from lender to lender.

Documentation for Gold Loans

Documents Required for Gold Loan

The documents required for gold loan are the least among all the loan products 

Documents required

  • List of Documents Required
  • Identity and signature proof
  • Voter ID
  • Passport
  • Aadhaar Card
  • Driving License
  • PAN Card
  • Employee Identity Card (in case of government employees)
  • Address Proof
  • Rent Agreement
  • Bank Statement
  • Votar ID Card
  • Passport
  • Driving License
  • Telephone/Electricity/Water/Credit Card bill or Property tax.
  • Two post-dated cheques for security purposes
  • Passport-size photographs

Gold Loan EMI Calculator

How is  Gold Loan EMI Calculated?

Gold Loan EMI (Equated Monthly Installment) is calculated using the following Compound Interest formula:

EMI = [P * r * (1 + r)^n] / [(1 + r)^n - 1]


EMI = Equated Monthly Installment

P = Gold Loan principal amount

r = Monthly interest rate (Annual interest rate divided by 12, expressed as a decimal)

n = Gold Loan tenure in months

Fees and Charges for Gold Loan

The fees and charges of gold loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to gold loans:

Loan Processing Fees
0.5% to 4% of loan amount
Loan Cancellation
Usually around Rs 3,000
Stamp Duty Charges
As per actuals
Legal Fees
As per actuals
Penal Charges
Usually @ 2% per month; 24% p.a.
EMI/Cheque Bounce
Around Rs 400 per bounce

Gold Loan Reviews



I went to Ruloans Andheri East branch and the employee who works are very friendly.They have sanctioned the Gold loan within couple of hours. The interest rates are very less as like Government rules. Its a timely and the service is really good. I had a good experience.




Ruloans helped me in getting an instant gold loan. With all my Kyc documents in order I went to HDFC Bank to deposit my gold and receive an instant disbursal. Great work by Ruloans. I received a loan at 3% and one thing to keep in mind is that your gold should be more than 18 carats.




Through ruloans, I have taken a gold loan with HDFC in 4% rate of interest. Acknowledgement card would be provided with all the payment details and I get SMS alerts for renewal. Yearly once complete payment can be done or by paying interest rate I can go for renewal.




Ruloans helped me in getting an instant gold loan. With all my Kyc documents in order I went to HDFC Bank to deposit my gold and receive an instant disbursal. Great work by Ruloans. I received a loan at 3% and one thing to keep in mind is that your gold should be more than 18 carats.



A gold loan is a type of secured loan where gold jewelry or ornaments are used as collateral. The value of the loan is determined based on the market value of the gold provided as security. Gold loans are typically short-term loans with a quick disbursal process and are commonly used for meeting urgent financial needs.

The maximum loan amount you can get for a gold loan depends on several factors, including the purity and weight of the gold provided as collateral, the lender's policies, and the prevailing market value of gold. Typically, lenders offer loans ranging from 60% to 80% of the value of the gold ornaments pledged as collateral. However, the actual loan amount offered to you will depend on the specific terms and conditions of the lender.

The repayment period for a gold loan is typically short-term, ranging from a few months to a few years, depending on the lender and the loan amount. Some lenders offer flexible repayment options, allowing borrowers to repay the loan in EMIs or as a lump sum at the end of the loan term. It's important to check with the lender for the specific repayment terms and options available for the gold loan.

If you can't repay a gold loan, the lender may auction off the gold ornaments pledged as collateral to recover the outstanding loan amount. It's important to communicate with the lender and explore repayment options to avoid losing your gold.

Yes, the gold pledged as collateral for a gold loan is generally safe with the lender. Lenders are required to follow strict guidelines for the safekeeping of the gold, including secure storage facilities and insurance coverage. Additionally, borrowers receive a receipt for the gold pledged, detailing the quantity and quality of the gold. It's important to choose a reputable lender to ensure the safety of your gold.

To apply for a gold loan, you typically need to provide proof of identity, proof of address, recent photographs, ownership proof of the gold, and KYC documents. Some lenders may also require your bank account details.

The time taken to get approval for a gold loan can vary depending on the lender and their internal processes. However, in general, gold loans are known for their quick disbursal process, and approval can often be obtained within a few hours. Some lenders may even offer instant approval for gold loans, especially for smaller loan amounts. It's advisable to check with the lender for their specific timeline for approval and disbursal of the loan amount.

Yes, if you need to extend the repayment period of your gold loan, most lenders offer options to renew or extend the loan. This typically involves paying the interest due up to that point. However, the specific terms and conditions for extending the loan, such as the maximum extension period and any additional fees, may vary depending on the lender. It's advisable to check with your lender regarding their policies for extending the repayment period of your gold loan.

No, there are no tax benefits associated with gold loans in India. Unlike certain other types of loans, such as home loans or education loans, where the interest paid can be claimed as a deduction under the Income Tax Act, interest paid on gold loans is not eligible for any tax benefits.

During a gold loan application, the lender evaluates the purity and weight of the gold jewelry or ornaments you wish to pledge as collateral. This involves testing the purity, weighing the gold, and calculating the maximum loan amount you are eligible for based on the value of the gold. Once agreed upon, you sign the loan agreement, and the loan amount is disbursed to you.

After repaying your gold loan, you can retrieve your gold by submitting a request to the lender. The lender will verify that the loan has been fully repaid and then return your gold jewelry or ornaments to you.

Yes, there are differences between a gold loan and a personal loan. A gold loan is a secured loan where you pledge gold as collateral, while a personal loan is an unsecured loan that does not require collateral. Interest rates for gold loans are typically lower than personal loans due to the collateral involved. Additionally, the loan amount for a gold loan is determined by the value of the gold pledged, whereas a personal loan amount is based on your creditworthiness. The repayment periods may also differ, with gold loans often having shorter terms than personal loans.

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