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    Gold Loan Eligibility

    Get your next gold loan from Airtel Finance and enjoy all the benefits of a gold loan without having to go through stringent eligibility condition checks. Simply apply for your gold loan from home with the Airtel Thanks app, we will collect the gold from your doorstep and store it in secure lockers. Pay back your loan with EMIs and recollect your gold at the end of the tenure. It’s that simple!

    Benefits of Gold Loan

    Hassle-free gold loan is now at your doorstep with Airtel Finance

    Low interest rate

    Just 1.08% per month

    Instant disbursal

    Get quick gold loan

    Your gold is secure

    In RBI-approved lockers

    Eligibility Criteria for Gold Loans

    The eligibility criteria to apply for a gold loan from Airtel Finance is very relaxed. There are no credit score background checks or credit history requirements. Just meet the basic criteria such as age or gold purity, and you will get a gold loan in no time!

    How to apply for a Gold Loan?

    Get a gold loan from Airtel Finance with a few steps

    Open Airtel Thanks App

    Find Shop > Airtel Finance

    Select Airtel Gold Loan

    Fill in your basic details

    At home or branch

    Choose how to deposit

    Complete the KYC

    Get your credit in exchange

    FAQs on Gold Loans Eligibility

    What are the basic eligibility criteria for obtaining a Gold loan?

    Here are the basic eligibility criteria for getting a gold loan from Airtel Finance:


    • Between 21 and 65 years of age.

    • The purity of gold must be between 18 and 24 carats.

    • Eligible residents can avail up to 75% of their gold value.

    • No credit score bureau limitation.

    • Gold loans can be availed only on gold jewellery and not on gold coins and bars

    What documents are required to apply for an Airtel Finance Gold Loan?

    You just have to provide your ID proof and address proof to get a gold loan from Airtel Finance. Identity proofs accepted are Aadhar Card, Voters ID, Passport, or Driving License. Address proofs accepted are Aadhar Card, Voter ID, Passport, Driving License, or Utility Bill (Phone/Gas/Electricity/PAN Card or Form 60).

    Are there any processing fees or hidden charges for the gold loan?

    There are no hidden charges for the gold loan. However, you may have to pay some processing charges, which will be made clear to you at the time of applying for the loan.

    What types of gold jewellery are accepted for the gold loan?

    To get your gold loan from Airtel Finance, all kinds of gold jewellery are accepted. However, you should note that only different types of jewellery are allowed, but not gold coins or gold bars.

    What is the procedure to reclaim my gold after repaying the loan?

    Once you have completed repaying your gold loan, you can collect the gold from the nearest Muthoot Fincorp office if the value of the gold is above ₹10,000 but less than ₹1,00,000. If the gold costs above ₹1,00,000, then our trusted agent will hand over the gold at your doorstep.

    Can I apply for an additional loan on the same gold if I need more funds?

    No, you cannot apply for an additional loan on the same gold. You will need to provide more gold to get the additional funds.

    Are there any penalties for late payment of the gold loan?

    Yes, if you miss out on your regular gold loan EMI payments, you will have to pay penalties for it.

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    Gold loan eligibility

    Applying for a gold loan is very easy with Airtel Finance, in collaboration with Airtel Lending Partner. Get a gold loan at the lowest interest rates, starting from just 1.08% per month, select your tenure, and pay off your loan with easy EMIs. In addition, you also do not have to go through difficult eligibility checks that make the entire process difficult. Just meet a few eligibility criteria, and you will get your gold loan in no time.

    Eligibility criteria for gold loans


    The gold loan eligibility criteria include the following:

    • The applicant must be between 21 and 65 years of age.

    • Ensure that the purity of gold is between 18 and 24 carats.

    • All the eligible applicants can avail up to 75% of their gold value.

    • No credit score bureau information is required.

    • Gold loans can be availed only on gold jewellery and not on gold coins or bars


     

    Documents required to fulfil the eligibility criteria for a gold loan


    Here is the list of all documents required to fulfil gold loan eligibility criteria:

    Address proof:

    • Aadhar Card

    • Voter ID

    • Passport

    • Driving License

    • or Utility Bill (Phone/Gas/Electricity/PAN Card or Form 60).


    ID proof:

    • Aadhar Card

    • Voters ID

    • Passport

    • Driving License


     

    Factors affecting gold loan eligibility


    The major factors that influence gold loan eligibility include:

    • Loan-to-value (LTV) ratio of the gold

    • Loan amount

    • Gold loan tenure

    • Cost of funds

    • Prevailing market conditions

    • Competition from other lenders

    • RBI’s policy changes


     

    How to calculate gold loan eligibility?


    Getting your next gold loan from Airtel Finance in collaboration with Muthoot Fincorp is extremely simple. Just make sure that you meet all the eligibility conditions, and your gold loan will be processed in no time. Also, ensure that you have the correct documents in place.