Gold Loan Eligibility

Kotak Gold Loan Smart Choice Loan

With the all-new Kotak Gold Loan Smart Choice Loan, get financial benefits, convenient application process and speedy disbursal along with the safety of your gold.

0.88%* Fixed Interest Rate Per Month

No Income Documents#

Same – Day Disbursal

Click here to view list of Gold Loan branches

Terms and Conditions apply

*0.88% fixed interest rate per month on loan amount of INR 6 lakh and above with tenure of 12 months.

#Up to INR 25 lakhs.

Foreclosure charges applicable.

Offer is valid till 30^th September, 2025.

Loan to Value ratio as prescribed by RBI and credit at the sole discretion of the Bank, both subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets. Available in select branches only. For branch details, visit www.kotak.com

Gold Loan

Gold Loan offers you quick and easy financing at attractive interest rates.

Quick Disbursement

Get quick disbursement of loan against gold from Kotak bank and fulfill all your immediate financial needs with ease.

Complete Safety of Your Gold

Avail loan against gold jewellry with utmost safety and security of your gold at Kotak Bank

Minimal Documentation

Get swift approvals of your gold loans with easy documentation as we at Kotak believe in minimal paperwork

Higher Loan to Value

Now avail gold loan from Kotak Bank at a higher loan to value ratio

Easy Repayment Options

Repaying your gold loan has become hassle free now with easy repayment options with multiple modes

Both Existing and Non Existing Customers of Kotak Mahindra Bank can avail this facility

Gold loan facility is available for everyone now. Applicants who are not existing customers of Kotak Bank can also avail a gold loan

Immediate Valuation of Your Gold

The gold ornaments/coins proposed to be pledged by the customer to avail the gold loan will be assessed and valued immediately, in order to arrive at the loan amount eligibility

Choose Gold Loan Facility Options

The customer, at the time of availing the gold loan facility, can decide on the facility available under the product best suited to him

Other Features

Let a gold loan come to your rescue for urgent financial needs
There are situations when we have to borrow money urgently to fulfil pressing needs. In such cases, an option of cashing in on instant liquidity in the form of gold assets is a boon. If you have sufficient gold assets at your disposal, you can always use them as collateral and avail a gold loan. Under this, you agree to keep your gold assets with the bank for a fixed period and once you repay the loan amount along with the interest and charges (if any), your gold assets are returned to you. This is a fairly simple, fast and hassle-free process.

Features and benefits of gold loans
Gold loans at Kotak Mahindra Bank are customized to your specific needs. They come bundled with lucrative benefits, as listed below:

The term for gold loans ranges from a few months up to 4 years, depending on how you plan to repay it, along with different interest payment options and schemes.
It is approved almost instantly, within a maximum 4 hours; it works really well when the need for a loan is critical.
Gold loans generally come with a lower rate of interest than other loans, which makes it easier to pay them back monthly /quarterly / half-yearly.

Interest rates on gold loans
Interest rates on gold loans vary from 9% to 24% p.a., subject to change. This rate is fixed by the bank, depending on the type of loan and tenure, among other factors. It is always better to know the exact fees and charges and interest rate that you are paying on your loan, because it helps you plan your finances better.

How much interest/principal/EMI do you have to pay?

You can use Kotak Mahindra Bank’s gold loan EMI calculator to easily figure out the amount of EMI that you have to pay along with the interest and principal equation. This will largely depend on the amount of your loan and its tenure. It is important to remember that the monthly instalments that you pay tend to reduce with longer repayment terms.
Depending on schemes you are opting for repayment, interest has to be paid monthly/quarterly/half-yearly whereas the principal amount is to be paid at the time of maturity.

Know your eligibility to avail a gold loan
Anyone who is a resident of India and is above 18 years of age can apply for a gold loan. All you need to do is provide your gold assets of 18 karat and above as collateral.
For more information, here is a detailed list of Kotak’s gold loan eligibility criteria.

Documents required for gold loans

Along with fulfilling eligibility criteria, minimal documentation is required for approval. Basic gold loan documentation prerequisites are a valid ID proof, address proof, and 2 latest passport-sized coloured photos.

Here is a detailed list of gold loan documents needed.

Gold loan is a fast and easy way to get some cash in times of need. Always keep this option in mind if you are in need of instant money.

Disclaimer

For loans: *Conditions apply: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

Loan to Value ratio as prescribed by RBI from time to time. Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets. Available in select locations only.

Check your eligibility to apply for gold loan.

Click here to view list of Gold Loan branches

We have all been there – falling short of funds, but needing them urgently. In these times, it can prove best to use gold assets for securing financial assistance. How? Well it is really quite simple – all you need to do is apply for a gold loan with Kotak Mahindra Bank.
Many people know about gold loans vaguely, but aren’t sure about what requirements need to be fulfilled to avail of one. At the basic level, gold loans can be taken by people who are willing to offer/pledge gold that is 18 karats or above as collateral.

Gold loan eligibility criteria
The beauty of gold loans is that most adults who own gold would be eligible. If you want to apply, you can check out the eligibility criteria listed below:

Age: If you are an Indian Citizen of above 18 years but below 75 years, you technically qualify for a gold loan. Co-Borrower is required if Borrower’s age is above 70 years.
The quality of gold: The gold ornaments that you would have to keep as collateral with the bank should be between 18 to 22 karats; if you keep bank-minted coins, they have to be 24 karats and up to 50 gms per customer is only acceptable.

Documents required for gold loans
Documents required are minimal as availability is independent of factors such as service or profession and income. However, you have to ensure that you have proof of ID and address as per KYC guidelines. Here is the detailed list of gold loan documents that are required to avail a gold loan.

What are the interest rates and tenure available?
The interest rate for your gold loan depends quite a bit on the tenure that you choose – from a minimum 1 year to 4 years, depending on the scheme. Kotak Mahindra Bank’s gold loan facility is available under three main schemes. However, the rate of interest levied is solely at the bank’s discretion. Currently, the rate of interest varies from 10.00% to 17.00 % p.a, which is subject to change. Here is the detailed list of gold loan fees and charges to be paid while availing a gold loan.
Please check our gold loan EMI calculator for details of repayments.

Why should you apply for a Kotak Gold Loan?
Gold loans at Kotak Mahindra Bank are customised to your specific needs. They come bundled with lucrative benefits such as term up to 4 years.
Know and explore more about gold loan to get instant funds for your personal or business needs.

There are many advantages of availing a gold loan compared to any other form of loan from a bank; hence, more and more people are opting for it. A gold loan is something that almost anyone can take, and it is best to be aware of its basic details and requirements.
Here is all you need to know about gold loans:

List of fees and charges implied
A processing fee is charged on every loan, which is generally between 0% to maximum 2% (plus GST) of the total loan eligibility. The limit of your loans is directly proportional to the value of gold assets you provide. However, Minimum Loan amount: Rs. 20,000/- & Maximum Loan Amount: Rs. 1,50,00,000/- can be availed by a single customer/Family/Group at any point of time at the discretion of the Bank. The LTV – loan to value – ranges from 65% to 75%.

GSFC Gold Loan
Loan Processing Charges	Up to 2% of Loan amount + applicable GST
Stamping Charges	Applicable as per the respective State's Stamp Act
Credit Appraisal Charges	Rs.500 to Rs. 1000 + GST , (Min amount 500 + GST)
Penal Charges	Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes.
Collection and Recovery Charges • Legal Notice Postage • Auction notice publication • Gold Transfer for Auction • Miscellaneous charges of recovery (Valuation etc)	On Actuals
Dishonor Charges Per Instance	Rs. 750/-
Foreclosure and Part Payment Charges	Lock-in Period (applicable for both Foreclosure and Part Payment)
Foreclosure and Part Payment Charges	6 Month Product	12 month Product	More than 12 month Product
Foreclosure Charges; 2% + GST ;Applicable on outstanding Principal loan Amount	5 Months	6 Months	12 Months
Part Payment Charges : 2% + GST ; applicable on Part payment amount

Note : Bank shall notify the customer 30 days in advance of such changes in GSFC. In case customer does not consent to the revised GSFC, customer has a right to approach the bank within these 30 days (prior to the new GSFC being made live) and submit a closure request. Bank shall not charge any foreclosure/pre-payment charges/any other closure related charges in such cases

Benefits of availing a gold loan from Kotak Bank
Gold loans are granted almost immediately, and the interest rate, fees, and charges on these loans are extremely pocket friendly. These loans can be one of the best options when you need money urgently.
Know and explore more about gold loan to get instant funds for your personal or business needs.

Gold loans are one of the most widely availed loans in the country, and with good reason. Any person above the age of 18 can apply for a gold loan and these loans need minimum documentation to get sanctioned. Also, the documents needed are ones that almost everybody can easily provide – age proof, ID Proof and address proof.

Be ready with following documents while opening this account

(Original for verification and self-attested copies for submission)

Document
*For Kotak customers	Latest address proof (only if the address of the customer as updated in the bank records is different from the address stated in this application) and signature proof. PAN is a must, if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines.
*For non-Kotak customers	Identity Proof, Address Proof, Signature Proof (KYC Documents) and 2 passport size photographs PAN is a must, if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines( needs to be included for Non customers )

Note - ITR need to be submitted if customer avail gold loan Rs 25 lakh and above. Here is a list of necessary documents for these types of loans:

About your interest rates and fees and charges
Just like for any other loan, the rate of interest for gold loans varies with the period and loan amount. Here is a detailed list of fees and charges to be paid.

Why should you apply for a Kotak Gold Loan?
The best part about applying for gold loans from Kotak is that the process is extremely easy. Here are the simple steps:
1. Submit all necessary documents and apply for the gold loan.
2. Get your gold assets tested and verified at select branches to get instant approval for your gold loan.
3. Quick credit of loan amount to your account !
Know more about Kotak gold loans – the easiest way to receive instant funds for your personal or business requirements.

Frequently Asked Questions

What is a Gold Loan?

A loan taken against your gold jewellery is known as a Gold Loan. When you hand over your gold to the bank in return of a specific amount is classified as a Gold Loan. It is a quick and straightforward process to obtain funds against your gold with minimal documentation at competitive Gold Loan interest rates with flexible tenures.