What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Presenting Gold Loans by IDFC FIRST Bank
Your Gold Jewellery Can Now Meet Your Financial Needs!
Presenting Gold Loans by IDFC FIRST Bank
*Terms & Conditions Apply
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Competitive and fixed interest rates with no step-up, starting from 0.90% p.m.
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No income documents required
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A hassle-free digital and paperless process
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World-class vaults to keep your gold secure
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Competitive and fixed interest rates with no step-up, starting from 0.90% p.m.
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No income documents required
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A hassle-free digital and paperless process
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World-class vaults to keep your gold secure
Gold Loan
Are you in urgent need of money? IDFC FIRST Bank can help!
Apply for a gold loan against your idle gold jewellery and enjoy attractive interest rates. Our seamless and hassle-free onboarding process makes it easy to apply and avail the best gold loan.Read More
IDFC FIRST Bank offers a digital and paperless journey for your gold loan. You simply have to bring your gold jewellery to our nearest Gold Loan branch to get started.
We understand the value of our customers’ time and are committed to disbursing gold loans with a minimal turnaround time. Upon application for a gold loan, we ensure the complete safety of your gold at our world-class vaults. Read Less
Why choose IDFC FIRST Bank Gold Loan?
Gold Loan Amounts for Varied Needs
Gold Loans starting at ₹25,001 and up to ₹50,00,000
Range of Repayment Plans
Choose from a wide range of repayment plans, such as Bullet, Monthly Interest & EMI.
Digital and Paperless Journey
Fully-digital customer-onboarding process, including eKYC, eSign, and eMandate.
Fixed Gold Loan Rates
Fixed interest rates with no step-up
Instant Disbursal of Gold Loan up to 75% of your gold’s value
Get great Gold Loan rates & fulfil all your immediate financial needs with ease. We ensure quick disbursals of online Gold Loans
Bundled Account
Get a Zero-Balance Savings Account along with Gold Loan, bundled with the convenience of doorstep banking
Your Responsibility, Ours Too
We understand the value of your gold jewellery and that’s why we secure it in in our state-of-the-art bank vaults.
Mode of Repayment
Total Amount
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Principal Amount
Total Interest
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Loan EMI (Monthly)
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ELIGIBILITY
Who can apply?
Customer Eligibility
- All resident Indians (Salaried, Self-Employed, House wife, Students, etc.) aged between 18 and 70 years are eligible for our Gold Loans.
Collateral Eligibility
- Accepted collateral:
Gold jewellery of purity between 18 to 22 karats
Bank-issued gold coins up to 50 grams per customer - Non Acceptable:
Gold ornaments below 18 karats
Ornaments whose valuation cannot be done
Bullion/other form of solid gold, which is not in form of an ornament
Gold idols/bars/watches/utensils/other coins/ white gold are not acceptable
Documentation
Only eKYC / Valid KYC
For Express disbursal:
- Net Banking or Debit Card details to set up e-Mandate
- e-Signature
FEES & CHARGES
Find out about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
What is a Gold Loan?
A Gold Loan is a loan obtained by the borrower in exchange for gold jewelry (of 18-22 karats) as principal collateral. A Gold Loan occurs when you hand over your gold to a bank in exchange for a particular sum. Gold Loans are a quick and easy way to borrow money with little or no paperwork.
Which ornaments/coins can be pledged for a Gold Loan?
Gold Loans are available for ornaments with a purity of 18-22 carats. Bank-issued gold coins weighing up to 50 grams per customer are also eligible. Gold Loans are not available against bullion, broken ornaments, gold idols, bars, watches, cutlery, or other gold products that are excluded from time to time under our policy.
To avail a Gold Loan, do i need to be an existing customer of IDFC FIRST Bank?
No, to avail a Gold Loan you don't need to be an existing customer to the bank.
Do I need to show any income documents in order to obtain a Gold Loan from IDFC FIRST Bank?
No income documents are required to obtain a Gold Loan from IDFC FIRST Bank.
What documents are necessary to obtain a Gold Loan from IDFC FIRST Bank?
We offer Gold Loans using paperless and digital processes such as eKYC, eMandate, eStamp, and eSign. Basic KYC documentation is required.
What are the different forms of Gold Loans available at IDFC FIRST Bank?
IDFC FIRST Bank offers three types of Gold Loans:
i. Bullet Scheme: Both the interest and the principal amount are due at the end of the loan term.
ii. Monthly Interest Servicing Scheme: The interest is paid monthly, and the principal is paid at the conclusion of the loan term.
iii. Equated Monthly Instalments (EMI) Scheme: An EMI is a set monthly payment made on the same day each month. Each month, the EMI applies to both interest and principle, and the loan is paid off in full over a number of years.
What is minimum & maximum Gold Loan amount that I can avail?
Rs.10,000 is the minimum Gold Loan amount for the Bullet and Monthly Interest Servicing schemes.
The minimum Gold Loan amount for the EMI Scheme is Rs.2,00,000.
The maximum amount of Gold Loan for the Bullet Scheme is Rs.10,00,000.
The maximum Gold Loan amount under the Monthly Interest Servicing Scheme and the EMI Scheme is Rs.50,00,000.
Is it necessary to have a guarantor/co-applicant to obtain a Gold Loan?
A Guarantor is not required to obtain a Gold Loan from IDFC FIRST Bank.
When housewives or students apply for a Gold Loan, an income co-applicant is required.
When I apply for the Gold Loan, how will I receive the money?
You have the option of receiving the funds in your existing savings bank account with any bank or opening a new savings account with IDFC FIRST Bank. Our Savings Bank account for Gold Loan disbursement includes a two-year remission of average monthly balance charges.
Is there a provision for an overdraft facility for business requirements on Gold Loan?
No, there is currently no provision for an overdraft facility for business purposes on a Gold Loan.
What is the interest rate on a Gold Loan at IDFC FIRST Bank?
Gold Loan interest rates at IDFC FIRST Bank range between 0.83%* to 1.5%* per month.
*Subject to change as per RBI norms & at the sole discretion of the Bank.
How long does it take for a Gold Loan to be disbursed?
Our digital infrastructure and automation are set up to process your Gold Loan in 45-90 minutes*.
For your Gold Loan to be disbursed within the specified time frame, there is dependency on the number of ornaments to be valued, loan amount, and your willingness to process your Gold Loan through our digital journey such as E-KYC, open digital savings account, and E-Mandate.
*T&C Apply
Is it possible to foreclose the Gold Loan earlier?
Yes, you can foreclose the Gold Loan earlier.
How do I apply to obtain an IDFC FIRST Bank Gold Loan?
To apply for a Gold Loan from IDFC FIRST Bank, visit the nearest Gold Loan branch.
What are the advantages of obtaining a Gold Loan from IDFC FIRST Bank?
IDFC FIRST Bank is a pioneer in digital and paperless lending. We have expanded our cutting-edge digital lending technology to Gold Loans, allowing for rapid credit of funds via biometrics.
Why should I choose IDFC FIRST Bank for a Gold Loan over other financial institutions?
IDFC FIRST Bank does not charge a variable interest rate. Our interest rate is fixed for the duration of the loan. You are informed of any applicable costs in a clear and concise manner.
Are there any foreclosure charges on a Gold Loan?
We do impose a nominal foreclosure fee.
More information can be found in the fees & charges section, click here.
What is the repayment period for a Gold Loan?
The repayment period of the Gold Loan is determined by the scheme chosen at the time of disbursement.
The maximum duration is 12 months if the Bullet and Monthly Interest Servicing Scheme is chosen. If an EMI option is chosen, the maximum tenure is 60 months.
What methods of repayment are available for the Gold Loan?
The Gold Loan can be repaid using the following methods:
• Cash
• Internal fund transfer
• NEFT
• RTGS
• Cheque
• Paytm
• SI/NACH
What is the penalty for failing to repay the Gold Loan on time?
Late payment penalties will be imposed in accordance with the terms of the Gold Loan agreement.
More information can be found in the fees & charges section, click here.
What happens at the end of the loan term if the outstanding principle cannot be repaid by me?
After the current loan term expires, the Gold Loan can be renewed. You must first pay off the previous loan's interest and fees before proceeding with the loan renewal. Bullet and Monthly Interest Servicing schemes are available for renewal.
What security precautions does IDFC FIRST Bank employ when storing gold?
Your ornaments will be kept in secured sealed pouches. These pouches are placed in our state of the art vault.
What is the guarantee that the gold returned is the same?
When the Gold Loan is disbursed, the customer receives a gold arrangement letter with ornament specifications. Customers can refer this document to confirm that the ornaments released are the same as those given at the time of disbursement.
