Gold! The name brings to mind images of wealth. At South Indian Bank, we value this age old preferred investment option and offer you easy avenues for quick finance against this invaluable asset.

You can avail Gold loans from South Indian Bank at interest rates as low as 9.10%* onwards. (*T & C apply) 

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1)    What is a Gold Loan?


Gold Loan is a Secured Loan that allows individuals to borrow money by using their gold jewellery or ornaments as collateral. It is an ideal financing solution for those in need of immediate funds without going through extensive paperwork or credit checks. A Gold Loan is a type of Loan where you can borrow money by pledging your gold ornaments as collateral. The lender assesses the value of the gold and provides a loan amount based on it. The borrower then repays the loan amount along with the applicable interest within a specified period to get their pledged gold back.


2)    Who is eligible to get a Gold Loan?


Gold Loans are generally available to individuals who meet certain eligibility criteria. The eligibility criteria are :

  • The borrower must be a citizen of the country where the loan is being availed.

  • The minimum age requirement is usually 18 years or above.

  • The borrower should own gold ornaments that can be pledged as collateral.


3)    What documents are required to apply for a Gold Loan?


The documents required for a Gold Loan application are minimal. Customers need to provide their identification proof (such as Aadhaar card, PAN card, or passport), address proof (such as utility bills or rental agreement), and Passport-sized photograph. Additionally, the customer need to submit the gold jewellery that will serve as collateral security.


4)    How long does it take to complete the Gold Loan approval process?


Gold Loan approval is relatively quick compared to other types of loans . Gold Loan Approval is based on the Valuation of the Gold Ornaments and KYC Compliance . Bank is Offering Quick Disbursal of Gold Loan . Once your loan is approved, funds are disbursed promptly, ensuring you have immediate access to the fund you need. The Gold Loan application process is quick and hassle-free. Customers need to bring their gold jewellery to our nearest branch, where our trained staff will assess its value and provide a loan amount based on the gold's purity and weight. Once the loan amount is agreed upon, necessary documents are signed, and the funds are disbursed to the customer's bank account or in cash based on the loan amount.

5)    How is the gold jewellery kept safe during the loan tenure?


The safety and security of the customer's gold jewellery are of utmost importance to us. We have secure storage facilities equipped with advanced security measures to ensure the protection of the pledged gold. The jewellery is sealed and stored in tamper-proof packets, and customers receive a receipt acknowledging the same.