Gold loan through Paisa247: compare lenders before you pledge

A gold loan is a secured loan. You pledge gold jewellery or other eligible gold items with a bank or NBFC, and the lender keeps the gold until you repay. Paisa247 is a comparison platform, not a lender: we help you compare gold loan offers, and the lender you choose values your gold, sets the terms and makes the decision.

What to compare between gold loan offers

• Rate per gram: how much the lender pays for each gram of your gold. It follows the current gold price and the lender's own policy.
• Loan-to-value (LTV): the share of your gold's value you can borrow, within RBI limits.
• Interest rate and charges: look at the processing fee, valuation fee, prepayment charges and any other costs, not just the headline rate.
• Tenure and repayment: regular EMIs, interest-only payments, or a single payment at the end.
• Accepted gold and purity: most lenders accept jewellery and some accept coins; each sets a minimum purity.
• Doorstep service: some lenders send an agent to value your gold at home.

Why people choose a gold loan

Because the gold secures the loan, some lenders put less weight on your credit score or income proof than they would for an unsecured personal loan. Each lender still makes its own decision, and some may check your credit history or income, especially for larger amounts.

Keeping your gold safe

The lender stores your pledged gold until the loan is repaid. RBI rules set out how regulated lenders must handle and return pledged gold. Before choosing an offer, check that the lender is regulated and read its storage, insurance and return terms.

If you can't repay

Contact your lender as early as possible. If a loan stays unpaid, the lender may have the right to auction the pledged gold after following the procedures RBI requires, including notifying you. Read the lender's terms on late payments and auctions before you take the loan.