Gold Loans are among the easiest and fastest ways to get funds in India. Whether you are a salaried professional, self-employed individual, housewife, or farmer, you can easily avail a Gold Loan by pledging your gold jewelry or ornaments. However, like any other financial product, there are certain eligibility rules and documents required.
In this guide, we will explain the complete eligibility criteria and the list of documents you need to apply for a Gold Loan in 2025.
Gold Loan Eligibility Criteria in 2025
Banks and NBFCs have kept the eligibility criteria for Gold Loan very simple because the loan is secured against gold. Here are the main requirements:
- Age Limit: Minimum 18 years and maximum 70 years (varies by bank)
- Nationality: Must be an Indian citizen
- Ownership of Gold: Applicant should own gold jewelry, coins, or ornaments
- Purity of Gold: Gold should be between 18K and 24K purity
- Employment Type: Available for salaried, self-employed, business owners, housewives, and even farmers
- Credit Score: Not mandatory (loan is given even with low CIBIL score)
- Loan Amount: Based on the value of gold (RBI allows up to 75% LTV)
This makes Gold Loan one of the most accessible financial products in India.
Documents Required for Gold Loan in 2025
Most banks and NBFCs require minimal documentation for Gold Loan. Typically, only KYC (Know Your Customer) documents are needed.
Identity Proof (any one of the following)
- Aadhaar Card
- Voter ID
- Passport
- PAN Card
- Driving License
Address Proof (any one of the following)
- Aadhaar Card
- Utility Bill (Electricity/Water/Telephone Bill – not older than 3 months)
- Passport
- Ration Card
- Bank Passbook with updated address
Additional Documents (if applicable)
- Two passport-sized photographs
- Income proof (not mandatory for most banks)
- Agricultural land ownership proof (for farmer gold loan schemes)
Gold Loan Documents for Different Applicant Types
- Salaried Employees: Aadhaar, PAN, salary slip or ID card (optional)
- Self-Employed / Business Owners: Aadhaar, PAN, business proof (GST, shop license) if required
- Housewives: Aadhaar, PAN, utility bill in spouse’s name (if address mismatch)
- Farmers: Aadhaar, land proof for agricultural loan schemes
Why Minimal Documentation for Gold Loan?
Unlike personal loans, banks don’t need extensive checks for Gold Loan because it is a secured loan. Your pledged gold reduces the lender’s risk. This is why:
- No income proof is needed
- Even people with low or no credit score can get approval
- Disbursement is much faster compared to unsecured loans
Quick Tips for Smooth Gold Loan Approval
- Carry both original and photocopies of KYC documents
- Ensure your gold is hallmarked or tested for purity
- Update your Aadhaar and PAN details before applying
- Provide correct address proof to avoid delays
- Ask the bank/NBFC about processing charges in advance
Example – Gold Loan Eligibility Scenario
- Mr. Arjun, 29 years old, self-employed – Has 100 grams of 22K gold jewelry. Eligible for a gold loan up to ₹4.5 lakh at 75% LTV. Needs only Aadhaar and PAN for approval.
- Mrs. Priya, 35 years old, housewife – Pledges 50 grams of 22K gold. Eligible for ₹2.2 lakh. No income proof needed, just Aadhaar and Voter ID.
Conclusion
Gold Loan eligibility criteria and documentation requirements are very simple in 2025. Anyone who owns gold jewelry can apply, regardless of income level or credit history. You only need basic KYC documents such as Aadhaar, PAN, and address proof.
Because of its low eligibility barriers, quick disbursement, and minimal paperwork, Gold Loan remains one of the best borrowing options in India today.