• Age: Borrowers typically need to be at least 18 years old.
• Gold Quality: The gold being pledged should meet certain quality standards (usually 18 karats or higher).

1. Proof of Identity

• Government-issued ID: Aadhar Card & Pan Card

2. Proof of Address

• Utility Bill: Recent electricity, water, or gas bill.
• Rent Agreement: Rental or lease agreement if applicable.

3. Bank Account Information: Account number and bank details where the loan amount will be disbursed.

• Quick Approval: Gold loans are usually processed quickly, often within a few hours.
• Low Interest Rates: Because they are secured loans, the interest rates are generally lower compared to unsecured loans.
• Flexible Amounts: You can borrow based on the value of the gold you pledge, allowing for flexible loan amounts.
• No Credit Check: Since the loan is secured by gold, lenders may not require a credit history check.
• Easy Access to Funds: Ideal for urgent financial needs, such as medical emergencies or business expenses.
• Retention of Ownership: You retain ownership of your gold during the loan period, and it is returned upon repayment.
• Minimal Documentation: The documentation process is often simpler than for other types of loans.
• No Income Proof Required: Many lenders do not require proof of income, making it accessible for a wider range of borrowers.