IDBI Bank Gold Loan


IDBI Bank's Gold Loan Scheme offers a swift and secure solution for individuals seeking immediate financial assistance by leveraging their gold assets. This facility caters to various needs, including agricultural expenses, business requirements, and personal obligations, ensuring customers can access funds without liquidating their valuable gold possessions.


The IDBI Gold Loan offers quick funding with loan amounts ranging from ₹10,000 to ₹50 lakh against gold ornaments of 18-22 carats, with flexible repayment tenures of 3 to 36 months.

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Table of Contents:

Highlights of IDBI Bank Gold Loan

The IDBI Bank Gold Loan Scheme is designed to provide customers with quick access to funds against their gold holdings. Below is an overview of the key features:

Feature Details
Loan Amount Minimum: ₹10,000
Maximum: ₹50 lakh*
Tenure Minimum: 3 months
Maximum: 36 months*
Purpose Agricultural needs, business requirements, personal obligations
Eligibility Individuals, small businesses, traders, distributors, self-employed professionals

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IDBI Bank Gold Loan Interest Rate & Charges

IDBI Bank offers competitive interest rates and transparent fee structures for its Gold Loan Scheme. The exact interest rate is determined based on factors such as the loan amount and the purity of the pledged gold. Additional charges may include processing fees, valuation fees, and prepayment penalties, if applicable.

Note: For the most accurate and up-to-date information, contact the nearest IDBI Bank branch.

Features & Benefits of IDBI Bank Gold Loan

Here are the key features and benefits of IDBI Bank Gold Loan:

  • Minimum Loan Amount: Borrowers can avail loans starting from ₹10,000, making it accessible for smaller financial needs.
  • Maximum Loan Amount: Loan amounts go up to ₹50 lakh, catering to larger financial requirements.
  • Flexible Loan Tenure: The scheme offers a tenure ranging from a minimum of 3 months to a maximum of 36 months, allowing borrowers to choose a repayment schedule that suits their needs.
  • Quick Disbursal: The approval process is swift, ensuring access to funds without unnecessary delays.
  • Secure Storage: The pledged gold is kept safe in the bank’s highly secure vaults.
  • Purpose Flexibility: Funds can be used for agricultural expenses, business needs, or personal obligations.

Compare Gold Loan Interest Rates

Compare gold loan interest rates for different banks & NBFCs from below:

Bank/NBFC Gold Loan Interest Rate % p.a.
Bank of Maharashtra Gold Loan 9.30%
SBI Gold Loan 9.05%
IIFL Finance Gold Loan 11.88% - 27% p.a
Bajaj Finserv Gold Loan 9.50% - 28% p.a.

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Note: The interest rates mentioned above are subject to change at the lender's discretion.

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IDBI Bank Gold Loan Eligibility

To be eligible for the Gold Loan Scheme, applicants must meet the following criteria:

  • Age: Must be at least 18 years old.
  • Ownership of Gold: Gold ornaments should possess a purity of 18 to 22 carats.
  • Purpose: A loan can be availed for agricultural needs, business requirements, or personal obligations.
  • Residency: Must be a resident of India.

Documents Required for IDBI Bank Gold Loan

Applicants need to provide the following documents:

  • Identity Proof: Voter ID, PAN card, passport, driving license, or any other government-issued ID.
  • Address Proof: Utility bills, ration card, passport, or any other valid address proof.
  • Photographs: Recent passport-sized photographs.
  • Application Form: Duly filled and signed loan application form.

Steps to Apply for IDBI Bank Gold Loan

Applying for an IDBI Bank Gold Loan online is a simple and user-friendly process that allows customers to access funds from the comfort of their home. Follow these steps to apply:

  1. Visit the Official Website: Navigate to the IDBI Bank Gold Loan application page.
  2. Fill in Personal Details: Enter your name, address, date of birth, phone number, and email ID in the relevant fields.
  3. Select Branch & Location: Choose your state, city, and the branch where you wish to avail the loan.
  4. Provide Loan Details: Specify the purpose of the loan, the net weight of gold to be pledged (in grams), and the required loan amount.
  5. Existing Customer Status: Indicate whether you are an existing customer by selecting "Yes" or "No."
  6. Review & Submit: Carefully review the entered information and click the "Submit" button to send your application.

IDBI Bank Customer Care Numbers

For any queries or assistance regarding the Gold Loan Scheme, customers can contact IDBI Bank's customer care:

Contact Method Details
Toll-Free 1800-209-4324 or 1800-22-1070
Non Toll-Free +91-22-67719100

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Frequently Asked Questions

An IDBI Gold Loan is a secured loan where borrowers can pledge their gold ornaments to get quick funds for various financial needs.

Any Indian resident over 18 years old who owns gold ornaments of 18 to 22 carats is eligible.

Only gold ornaments, such as jewelry, can be pledged. Gold bars or coins are usually not accepted.

You can apply online through the IDBI website or visit the nearest IDBI Bank branch with your gold and required documents.

The loan amount ranges from ₹10,000 to ₹50 lakh, subject to the bank’s guidelines.

The loan amount is based on the weight, purity (carat value), and prevailing market value of the pledged gold.

Interest rates are competitive and vary based on the loan amount and tenure. Contact the bank for current rates.

A nominal processing fee is charged, and all costs are transparently communicated. There are no hidden charges.

The repayment tenure ranges from 3 months to 36 months, allowing flexibility based on the borrower’s needs.

Yes, part payments and prepayments are allowed, but there may be nominal charges as per bank policies.

In case of non-repayment, the bank may auction the pledged gold to recover the outstanding loan amount after proper notice.

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The information provided above is for general informational purposes only and does not constitute an offer or solicitation to avail of any financial services or products. Buddy Loan is a Digital Fintech Marketplace that connects borrowers with lenders and is not a lender itself. While we strive to ensure that the information regarding interest rates, loan amounts, and terms provided by our partner Banks and NBFCs is accurate and up-to-date, these details are subject to change at the discretion of the respective lenders.


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