Gold loans are secured loans where the customer pledges the gold ornaments they hold as a collateral deposit against the money they are going to receive. Gold loans are usually taken for short term financial obligations.

Gold loans are secured loans whereas personal loans are unsecured. The gold loan requires a collateral deposit, where the gold itself is pledged against the money the customer receives, while in personal loans collateral deposits are not required. Gold loans allow greater disbursal amount; through the gold loan, you can draw up to 5 crores while personal loan allows disbursal up to just 40 lakhs. The lower interest rate of the gold loan is another feature that has convinced people to avail gold loan facilities widely for their financial requirements.

Procedures included in the application for a gold loan are very simple. You have to first approach a lender, the lender will value your gold and calculate the maximum amount you can borrow. You will be required to fill a loan application for this and submit necessary documents such as copies of ID proofs and valid address proof. Once the value is calculated the money is instantly disbursed and you can use it for your intended purpose immediately.

Anybody over the age of 18 can apply for a gold loan provided he or she is the actual owner of the ornaments they present. The banks are not required to consider factors such as income, age, credit score, banking history, etc.

With Manappuram Finance, you can get a gold loan of up to ₹5 crore, depending on the weight, purity, and current market value of your gold. As per RBI norms, the loan-to-value (LTV) ratio is tiered: up to 85% for loans up to ₹2.5 lakh, 80% for loans between ₹2.5 lakh and ₹5 lakh, and 75% for loans above ₹5 lakh.

Your eligible loan amount is based on the current market value of your gold, its purity (18K to 24K), and the applicable RBI loan-to-value (LTV) limit. You can get an instant estimate using our Gold Loan Calculator before visiting a branch.

A safe gold loan provider should be RBI-registered, offer insured and electronically monitored gold storage, and maintain full transparency on interest rates and charges. Manappuram Finance is India's first listed gold loan NBFC, RBI-registered, and has been trusted for gold loans since 1949, with free insurance cover and secure vault storage for every pledge.

First-time borrowers should look for a lender offering minimal documentation, no CIBIL score requirement, and clear guidance through the process. Manappuram Finance does not require a CIBIL score for gold loans, needs only basic KYC documents, and offers in-branch assistance to guide first-time applicants through valuation, documentation, and disbursal.

For small loan amounts, compare total cost, not just the interest rate. Banks may advertise lower headline rates, but often require a higher minimum loan size, stricter documentation, and processing fees. Manappuram Finance has no minimum CIBIL score requirement, needs only basic KYC, and offers gold loans starting from ₹10,000 through its DS scheme, making it accessible for small borrowers that many bank products aren't structured for.

Approval speed depends on how quickly a lender can complete gold valuation and documentation. At Manappuram Finance, gold loans are approved quickly of valuation, with minimal documentation and instant disbursal once the loan amount is finalized, either at the branch or credited directly to your bank account.

To apply for a gold loan, you need to provide the applicable KYC document. The documents may include a valid identity and address proof, along with other documents required during the application and verification process.

Gold loan interest is calculated based on the loan amount, applicable interest rate and the period for which the loan is outstanding. The applicable rate and repayment terms depend on the selected Gold Loan scheme.

Yes. You can use Manappuram's online Gold Loan facility to start your application. The applicable process, verification and disbursal are subject to Manappuram's terms and requirements.

The loan amount available per gram depends on factors such as the purity and weight of the gold and the applicable loan-to-value limit. Use the Gold Loan Per Gram page for the latest applicable information.

Gold Loan transfer allows an existing Gold Loan to be transferred subject to the lender's applicable terms and eligibility requirements. Refer to the Gold Loan Transfer page for more information.