IDFC FIRST Bank, a bank headquartered in Mumbai and established in 2015, offers a gold loan at a fixed interest rate ranging from 9.5% to 19.5%, described by the lender as fixed with no step-up. The processing fee is 1%, and a prepayment or foreclosure charge of up to 2% of the principal outstanding applies only if the loan is closed within 365 days of disbursement, otherwise nil.
Loan amounts range from ₹25,001 to ₹75 lakh, with tenures from 6 months to 60 months. The lender states instant disbursal up to 85% of gold value, and no income documents are required. Applicants need not be an existing bank customer. Gold valuation charges range from ₹249 to ₹4,999 per case, separate from the processing fee.
The bank accepts gold jewellery of 18-22 karat purity and bank-issued gold coins up to 50g per customer, under repayment schemes of Bullet (maximum tenure 12 months), Monthly Interest (maximum 60 months), or EMI (maximum 60 months). Documentation includes eKYC or valid KYC, net banking or debit card details for express disbursal, e-Mandate, and e-Signature. Minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
As published by IDFC FIRST Bank. Your branch may ask for more.
Up to 75% of the assessed gold value — the RBI loan-to-value cap. The rate depends on the lender and scheme, not your credit score.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.