Gold loan — frequently asked questions

A gold loan is a secured loan where you pledge your gold ornaments or coins to a bank or NBFC. You get a loan amount based on the value of the gold. The lender keeps the gold safely until you repay, after which it is returned to you intact.

The loan amount depends on the weight, purity and current market price of your gold, and on the lender's loan-to-value (LTV) policy. The calculator on Goldwaala uses 81% LTV as an indicative reference. The final amount is decided by the lender after physical valuation.

Most lenders accept gold ornaments between 18K and 24K. Some accept bank-issued gold coins up to 50 grams. Bullion is generally not accepted under a standard gold-loan product.

Reputed partner lenders store pledged gold in tamper-proof packets inside insured vaults with CCTV and dual-key access. The exact safety process and insurance terms vary by lender.

Generally only basic KYC — a PAN/Aadhaar/Voter ID/Driving licence/Passport for identity, any one address proof, and two passport-size photographs. For loan amounts above ₹2 lakh, PAN is mandatory.

A formal CIBIL/credit check is generally not required for a gold loan because the loan is fully secured by the value of your gold.

Once you reach the branch with your gold and KYC documents, valuation and disbursal can often be completed in a few hours, depending on the partner lender's process.

Common options include monthly interest payments with bullet principal repayment, regular EMIs, or full bullet repayment at maturity. Available options depend on the lender's product.

Yes. Most partner lenders allow part-prepayment or foreclosure at any time. Foreclosure charges, if any, are typically 0% – 1% of the outstanding amount.

You should always talk to the lender first — they may offer to renew, extend or restructure the loan. If repayment is not made even after notice and the grace period, the lender has the right to auction the pledged gold to recover the dues, as per the loan agreement.

No. Goldwaala is a marketplace / lead-generation platform. The actual loan is provided by our partner banks and NBFCs, subject to their internal policies and applicable RBI guidelines.

No. It is free to submit an enquiry on Goldwaala. Any fees that apply during the loan process are charged by the partner lender, and are disclosed in advance.