Gold Loan

Gold Loan

Where Gold Empowers New Beginnings.

An Auspicious Start, Backed by Legacy and Care

At BEFSSL, we understand that gold is more than a valuable possession; it carries traditions, memories, security, and holds the potential to unlock new possibilities. That’s why our BEFSSL Gold Loan services are built on trust, speed, and enduring reliability.

With over 10 years of financial expertise, BEFSSL has been a dependable partner for millions across India. And now, with our growing network of BEFSSL Gold Loan branches, we’re bringing that legacy of trust even closer to you.

Whether you’re planning to start a new business, managing unexpected expenses, or fulfilling personal dreams, BEFSSL Gold Loan is here to support you.

Our Gold loan starts from as low as ₹5,000, making it accessible to everyone. The maximum loan amount is based on the value of up to 1 kg of gold (subject to valuation and scheme eligibility), with quick disbursement, attractive interest rates, minimal documentation, and flexible repayment options.

If you’re searching for the best gold loan near you, visit your nearest BEFSSL Gold Loan branch and experience the assurance of a brand that puts people first.

At BEFSSL, we offer more than just the best gold loans - we provide reassurance when you need it most, a connection that feels like family, and support to help you rise, rebuild, and move forward with dignity.

Because when you place your trust in us, we make it our responsibility to help you move forward with commitment, care, and confidence.

Key Highlights

• Advanced vault systems
• RFID-enabled tracking
• Centralized OTP-based access control
• 24x7 CCTV surveillance
• 10-layer security system at all BEFSSL Gold Loan branches

Features & Benefits

• Competitive Rate Per Gram
• Attractive Interest Rates
• Easy Repayment Options
• Minimal Documentation
• Flexible Tenure
• Pre & Part Payment Facilities
• Gold Safety Assurance

BEFSSL Gold Loan Schemes

Methodology of Determining the LTV Ratio

The ornaments are collected in a designated tray provided for the purpose. A visual inspection is conducted for damage, hallmarks, or special markings. The type of ornament is recorded and the gross weight is checked.

The net weight is determined after proportionate deductions for thread work, enamel work, wax filling, soldering, dirt, etc. Items where the stone weight is less than 50% of total weight and broken items are not accepted.

Further, the purity of the ornament is checked through a variety of testing methods. Post the determination of the net weight of gold and its purity, the loan amount is calculated based on these two values.

Predominantly, the LTV ratio on the loan is 75%. This means that the loan amount will be equivalent to 75% of the gold value of the ornament.

Eligibility Criteria for BEFSSL Gold Loan

• Age: 21 to 75 years
• Gold Ownership: Applicant must own the gold being deposited and mention whether it was acquired by inheritance, market purchase or as a gift.

Who Can Apply?

• Salaried Employees
• Self-Employed Professionals
• Business Owners
• Farmers
• Pensioners

Documents Required for BEFSSL Gold Loan

Pan Card (Mandatory)

Identity Proof (Any one):

• Aadhaar Card
• Passport
• Driving License
• Voter ID

Address Proof (Any one):

• Passport
• Driving License
• Proof of possession of the Aadhaar number
• Voter’s identity card issued by the Election Commission of India
• Job card issued by NREGA duly signed by an officer of the State Government
• Letter issued by the National Population Register containing details of name and address

Frequently Asked Questions

What is a gold loan?
A gold loan is a secured loan where the borrower deposits gold as collateral to secure a loan for a specified period, with the loan amount based on the LTV.

What are the benefits of a gold loan?
Gold loans offer benefits like faster processing, higher loan-to-value ratio, lower interest rates, quick disbursal and easy eligibility.

Who can avail Gold Loan from us, and what documents are required?
Indian citizens over 21 years can apply for a gold loan by submitting the necessary documents and gold ornaments. Required documents include ID proof (Aadhar, PAN or e-PAN (mandatory), voter ID, passport, or driver’s license) and address proof (Utility bill with lease agreement, post-paid broadband bill etc.)

Is a CIBIL score needed for a gold loan?
No, a CIBIL score is not required for a gold loan. Only KYC documents need to be submitted for eligibility.

Can I deposit something other than gold?
We only accept gold ornaments of 22 carats, subject to valuation reports for any loan on gold. Item including gold coins, gold prices, gold biscuits, gold bars (bullion), diamonds, white gold etc are not accepted for deposit pf gold security.

Is proof of income required for a gold loan?
No, proof of income is not needed for a gold loan, as it is secured by collateral.

Does BEFSSL offer different schemes for various income groups?
BEFSSL has varied gold loan Schemes for different loan amount requirements and value of the gold to be pledged. As long as the basic eligibility and age requirements are met, anyone with gold as their asset can avail a BEFSSL Gold Loan.

How long will it take to get my gold loan?
Our gold loan process is quick and easy, with instant disbursal after KYC verification and signing the loan agreement. The entire process can be completed in up to 30 minutes.

How is the interest rate calculated for gold loans?
Gold Loan interest rates are based on the schemes offered. Typically, they are dependent on the LTV and loan amount. Please contact the nearest BEFSSL GOLD Loan Branch for more details on the latest schemes.

What are the benefits of availing a gold loan from BEFSSL?
BEFSSL offers several advantages for gold loans, including: Trusted Partner, Quick approval and disbursal, Minimal paperwork, Competitive gold value as per the chosen scheme, No pre-closure charges, Part payment and part release allowed, In-house gold evaluation in customer presence, Secure vault storage, Easy repayment options.

Is there a maximum and minimum limit for a gold loan?
The minimum gold loan amount with BEFSSL is Rs.5,000, and the maximum is based on the value of up to 1kg of gold (subject to valuation and scheme eligibility).

What repayment options are available for a gold loan?
You can make different types of repayments, including: Interest payment (Monthly interest on the principal amount), Closure payment (Full payment to close the loan and release your gold), Part payment (payment of a part of the principal amount; any payment exceeding the monthly interest made at any time). To repay individual loans, visit the branch or contact customer support.

Can I make a partial repayment of the gold loan?
Yes, Gold Loans have a partial repayment facility. No charges are levied for partial payments.

Do I need to update my address if it changes?
You must update us with any address changes if your loan application is still active. This would help us communicate with you and update you on the details of your existing loans.

Can I transfer my gold loan from my existing lender?
Customer with an existing Gold Loan from other financial institutions can shift the loan to BEFSSL gold loan by opting for a Balance Transfer facility. For more details on the process and benefits, customers may contact our BEFSSL Gold Loan Branches. T&C Apply.