Gold Loan Eligibility
Check the factors that determine your eligibility to avail online gold loan with Kotak

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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:
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.
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.
Only acceptable gold ornaments from 18 to 22 karat and only bank minted coins (24 Karat) up to 50 gms per customer can be funded. Non funded items / articles such as Hair pins, Cufflinks, Gold watch, Gold strap, Gold idols, Gold utensils, jewellery with more than 50% deduction, Thread mangalsutra, White gold, Diamond jewellery, Imitation jewellery, Ginni, Gold bars cannot be accepted.
ITR need to be submitted if availing gold loan of Rs.25 lakhs and above. PAN is a must, if the annual income exceeds Rs.5 lakhs as per Regulatory guidelines.
The customer need not be an existing customer of the bank. However, we recommend that while availing the Gold Loan, customer should open a savings bank/current account facility with the bank which will enable the customer to not only enjoy banking services of the bank, but also assist them in servicing the loan conveniently.
Bullet Scheme Tenure of 12 Months (Can be renewed for further period of 24 Months with the same loan documents with request letter for renewal from the customer etc.). Interest Payment can be Quarterly /Half Yearly and Yearly.
No amount of financial preparation is not enough when it for your bundle of joy. But you can surely make an effort for it.
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.