Gold loans in India are secured loans where individuals pledge their gold ornaments or coins as collateral. These loans are offered by banks and financial institutions with minimal documentation and quick processing, making them a popular choice for people in need of instant funds. The loan amount is typically based on the value of the pledged gold, which should generally be of 18 to 22 karat purity. The Reserve Bank of India (RBI) sets the maximum Loan-to-Value (LTV) ratio at 75%, meaning you can borrow up to 75% of the value of the gold. Banks offer loan amounts ranging from ₹20,000 to ₹50 lakh, with flexible repayment tenures.

To be eligible for a gold loan, applicants should be Indian citizens and typically aged between 21 and 70 years. The required documentation includes identity and address proof (Aadhaar card, passport, voter ID, or utility bills), as well as a gold purity certificate. The loan amount and tenure depend on the lender's policies and the value of the pledged gold. The interest rates on gold loans are competitive, and the repayment options include equated monthly installments (EMIs), bullet payments, or interest servicing.

Repayment options for gold loans are flexible, and borrowers can choose from various methods to settle the loan. The process of obtaining a gold loan is straightforward and involves minimal paperwork, making it an attractive solution for those who need urgent funds. Regulatory guidelines from the RBI ensure that the loan process remains transparent, and banks are required to maintain the LTV ratio at 75% on outstanding loans. With these features, gold loans offer a convenient, reliable, and hassle-free way for individuals to access funds when needed.

# Identity Proof:

• Aadhaar Card
• Passport
• Voter ID
• Driving License
• NREGA Job Card

# Address Proof:

• Aadhaar Card
• Passport
• Voter ID
• Driving License
• Bank Statement
• Utility Bills (e.g., electricity, water)
• Rent Agreement

# Photographs:

• Two, three recent passport-sized photos

# Income Proof (if required):

• Salary Slips
• Bank Statements
• Income Tax Returns

# Gold Purity Certificate:

• Certificate verifying the purity and weight of pledged gold

• Age: Applicants should be between 18 and 75 years old.
• Nationality: Must be a resident Indian.
• Occupation: Eligibility extends to salaried professionals, self-employed individuals, business owners, entrepreneurs, students, senior citizens, pensioners, and homemakers.
• Gold Purity: The gold to be pledged should have a purity of 18 to 22 karats.
• Loan-to-Value (LTV) Ratio: Banks typically offer loans up to 75% of the gold's market value

• Provide the statement of account for any existing loans (if applicable).
•  Submit all documents together in hardcopy format.
•  Additionally, email the soft copies of all documents in PDF format to contact@sathyampariwar.com.

• Compare and Choose: Get loan quotes from various banks and lenders, then analyze them to pick the best option for your needs.
• Listen and Learn: Pay attention to insights shared by vendors; you might uncover useful information you didn't know.
• Honesty Matters: Be upfront about any negative financial aspects with vendors. This will help them steer you towards the right solutions.
• Credit History Conversation: Share your complete credit history with vendors to receive accurate advice and avoid rejections.
• Politeness Pays: Stay respectful with vendors. Building a positive rapport can lead to long-term, beneficial relationships.
• Preparation Pays Off: Ensure all your documents and security cheques are ready before applying. This saves time and smoothens the process.
• Stay Connected: Maintain communication with your vendors until you get a clear status update on your loan application.
• Track Your Progress: Use your application number to track the loan status on the bank's website and stay informed.