Eligibility Criteria

• Must be at least 18 years old (some banks may require 21+).
• Indian citizens (individuals, proprietors, or business owners).
• Must have gold ornaments or coins (usually 18-24 carats).
• Criteria:
• Loan Amount: Depends on the weight and purity of gold pledged (up to 75%–90% of the gold’s value).
• Interest Rate: Varies between 7% to 16% p.a., depending on the lender and tenure.
• Repayment Tenure: Ranges from 3 months to 3 years.
• Documents Required: ID proof (Aadhaar, PAN), address proof, and proof of gold ownership.