Kotak Mahindra Bank Gold Loan
A gold loan is a secured borrowing arrangement in which a person pledges gold jewellery or coins to a lender and receives funds against that collateral, reclaiming the gold once the loan is repaid. It is commonly used to meet urgent or short-term financial needs, such as covering pressing expenses, without having to sell one's gold.
Kotak Mahindra Bank, which became a bank in 2003, offers a gold loan against ornaments and bank-minted coins, and its version emphasises the safety and security of the pledged gold while it is in the bank's custody. Kotak highlights quick disbursement against gold, immediate valuation of the ornaments brought in, and easy documentation with limited paperwork. The bank positions the facility as accessible to both existing and new customers and notes that loans can be customised to the borrower's specific requirements.
It also points to flexible, multiple repayment modes intended to make servicing the loan more convenient. Gold used as collateral must meet the bank's purity norms, and a co-borrower may be required in certain age situations. Actual sanction, valuation, and terms depend on the assessed value of the gold and the bank's assessment, and approval is not guaranteed.
At 9%, Kotak Mahindra Bank has one of the lowest starting rates of the 16 lenders we track for gold loans.
Documents required
- Identity proof
- Address proof
- Signature proof
- Two passport-sized photographs
- PAN card (required where annual income exceeds the specified threshold)
As published by Kotak Mahindra Bank. Your branch may ask for more.
Eligibility
Loan terms
- Loan secured against gold jewellery and bank-minted coins
- Immediate valuation of gold ornaments brought in
- Emphasis on the safety and security of the pledged gold in the bank's custody
- Multiple repayment modes for convenient servicing
- Available to both existing and new customers
Fees & charges
FAQ
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.
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