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Are you in urgent need of money? IDFC FIRST Bank can help!
Apply for a gold loan against your idle gold jewellery and enjoy attractive interest rates. Our seamless and hassle-free onboarding process makes it easy to apply and avail the best gold loan.
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IDFC FIRST Bank offers a digital and paperless journey for your gold loan. You simply have to bring your gold jewellery to our nearest Gold Loan branch to get started.
We understand the value of our customers’ time and are committed to disbursing gold loans with a minimal turnaround time. Upon application for a gold loan, we ensure the complete safety of your gold at our world-class vaults.
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Gold Loans starting at ₹25,001 and up to ₹50,00,000
Choose from a wide range of repayment plans, such as Bullet, Monthly Interest & EMI.
Fully-digital customer-onboarding process, including eKYC, eSign, and eMandate.
Fixed interest rates with no step-up
Get great Gold Loan rates & fulfil all your immediate financial needs with ease. We ensure quick disbursals of online Gold Loans
Get a Zero-Balance Savings Account along with Gold Loan, bundled with the convenience of doorstep banking
We understand the value of your gold jewellery and that’s why we secure it in in our state-of-the-art bank vaults.
Loan Amount*
₹ 25001 ₹ 1000000
Loan Amount*
₹ 25001 ₹ 5000000
Loan Amount*
₹ 200000 ₹ 5000000
Time Period
12 month 60 month
Choose your existing bank interest rate
9.75 % 19 %
Customer Eligibility
Collateral Eligibility
Only eKYC / Valid KYC
For Express disbursal:
A Gold Loan is a loan obtained by the borrower in exchange for gold jewelry (of 18-22 karats) as principal collateral. A Gold Loan occurs when you hand over your gold to a bank in exchange for a particular sum. Gold Loans are a quick and easy way to borrow money with little or no paperwork.
Gold Loans are available for ornaments with a purity of 18-22 carats. Bank-issued gold coins weighing up to 50 grams per customer are also eligible. Gold Loans are not available against bullion, broken ornaments, gold idols, bars, watches, cutlery, or other gold products that are excluded from time to time under our policy.
No, to avail a Gold Loan you don't need to be an existing customer to the bank.
No income documents are required to obtain a Gold Loan from IDFC FIRST Bank.
We offer Gold Loans using paperless and digital processes such as eKYC, eMandate, eStamp, and eSign. Basic KYC documentation is required.
IDFC FIRST Bank offers three types of Gold Loans:
i. Bullet Scheme: Both the interest and the principal amount are due at the end of the loan term.
ii. Monthly Interest Servicing Scheme: The interest is paid monthly, and the principal is paid at the conclusion of the loan term.
iii. Equated Monthly Instalments (EMI) Scheme: An EMI is a set monthly payment made on the same day each month. Each month, the EMI applies to both interest and principle, and the loan is paid off in full over a number of years.
Rs.10,000 is the minimum Gold Loan amount for the Bullet and Monthly Interest Servicing schemes.
The minimum Gold Loan amount for the EMI Scheme is Rs.2,00,000.
The maximum amount of Gold Loan for the Bullet Scheme is Rs.10,00,000.
The maximum Gold Loan amount under the Monthly Interest Servicing Scheme and the EMI Scheme is Rs.50,00,000.
A Guarantor is not required to obtain a Gold Loan from IDFC FIRST Bank.
When housewives or students apply for a Gold Loan, an income co-applicant is required.
You have the option of receiving the funds in your existing savings bank account with any bank or opening a new savings account with IDFC FIRST Bank. Our Savings Bank account for Gold Loan disbursement includes a two-year remission of average monthly balance charges.
No, there is currently no provision for an overdraft facility for business purposes on a Gold Loan.
Gold Loan interest rates at IDFC FIRST Bank range between 0.83%* to 1.5%* per month.
*Subject to change as per RBI norms & at the sole discretion of the Bank.
Our digital infrastructure and automation are set up to process your Gold Loan in 45-90 minutes*.
For your Gold Loan to be disbursed within the specified time frame, there is dependency on the number of ornaments to be valued, loan amount, and your willingness to process your Gold Loan through our digital journey such as E-KYC, open digital savings account, and E-Mandate.
*T&C Apply
Yes, you can foreclose the Gold Loan earlier.
To apply for a Gold Loan from IDFC FIRST Bank, visit the nearest Gold Loan branch.
IDFC FIRST Bank is a pioneer in digital and paperless lending. We have expanded our cutting-edge digital lending technology to Gold Loans, allowing for rapid credit of funds via biometrics.
IDFC FIRST Bank does not charge a variable interest rate. Our interest rate is fixed for the duration of the loan. You are informed of any applicable costs in a clear and concise manner.
We do impose a nominal foreclosure fee.
More information can be found in the fees & charges section, click here.
The repayment period of the Gold Loan is determined by the scheme chosen at the time of disbursement.
The maximum duration is 12 months if the Bullet and Monthly Interest Servicing Scheme is chosen. If an EMI option is chosen, the maximum tenure is 60 months.
The Gold Loan can be repaid using the following methods:
• Cash
• Internal fund transfer
• NEFT
• RTGS
• Cheque
• Paytm
• SI/NACH
Late payment penalties will be imposed in accordance with the terms of the Gold Loan agreement.
More information can be found in the fees & charges section, click here.
After the current loan term expires, the Gold Loan can be renewed. You must first pay off the previous loan's interest and fees before proceeding with the loan renewal. Bullet and Monthly Interest Servicing schemes are available for renewal.
Your ornaments will be kept in secured sealed pouches. These pouches are placed in our state of the art vault.
When the Gold Loan is disbursed, the customer receives a gold arrangement letter with ornament specifications. Customers can refer this document to confirm that the ornaments released are the same as those given at the time of disbursement.