Gold Loan — Eligibility

Gold Loan Against Gold

Why go for personal or business loans when you have the power of gold with you! Get a loan against your gold, in minutes!

Gold Loan — Get loan against gold in India at Swabhiman Pawan Nidhi Limited with unmatchable features & benefits. Apply for gold loan with the best gold loan interest rate. Our Gold Loans may be availed for any amount between ₹1,000 to a maximum of ₹2,00,000. Loans are available for periods ranging from one month to one year. Our Gold Loans do not have any lock-in period and there are no prepayment penalties. You can repay earlier than the scheduled as you desire.

Anyone who is the member and owns gold ornaments can avail the loan. (Note: Minors are not eligible.) To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18 to 24K) at your nearest Swabhiman Pawan Nidhi Limited branches. The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity, the weight of stones etc. Fixed on the ornaments will be deducted for the intention of valuation.

Eligibility Criteria

• Applicant must be an active shareholder/member of Swabhiman Pawan Nidhi Limited.
• Gold ornaments must be of purity range between 18 and 24 carats (Karat).
• The applicant must be aged between 18 and 70 years. Minors are NOT eligible.
• Valid proof of identity (Aadhaar, PAN, Voter ID, or Passport) is mandatory.
• Valid proof of residential address (Utility bill, Rent agreement, etc.) is required.
• Ownership details and declaration of the gold ornaments to be pledged.
• The borrower must not have any existing defaulted obligations with the company.

Loan Amount Parameters

Gold Valuation Process

The loan amount is sanctioned on the basis of gold valuation which involves verification of the purity of the gold, the weight of stones etc. The ornaments are assessed for their purity (between 18K to 24K), and any stones, enamel work, or non-gold attachments are deducted. The final loan amount is calculated as a percentage (LTV) of the net gold weight value at the prevailing market rate.

The valuation is conducted in the presence of the borrower by trained assayers at the nearest branch. The entire process — from submission to disbursement — can be completed within minutes provided all documents are in order.