Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
A loan taken against your gold jewelry is known as a gold loan. When you hand over your gold to the bank in return for a specific amount, it is classified as a gold loan. It is a quick and straightforward process to obtain funds against your gold with minimal documentation.
You can simply call 18002022 to book an appointment or visit www.kotak.com/en/personal-banking/loans/gold-loan.html
Kotak Gold Loan Smart Choice Loan is a limited time offer provided by Kotak Mahindra Bank against your gold ornaments. This offer comes with a low fixed interest rate of 0.88% p.m.* and a zero processing fee. Also, one can avail of a loan amount up to INR 25 lacs with no income documents#.
A zero processing fee means there are no charges for processing your loan application. The charges are waived under the Kotak Gold Loan Smart Choice Loan offer.
Fees and charges vary from scheme to scheme and loan amount.
With Kotak Gold Loan Smart Choice Loan, no income documents are required for loan amounts less than Rs. 25 lakh. However, for loan amounts greater than Rs. 25 lakh, one must produce relevant income tax return (ITR) documents for availing of a Kotak Gold Loan.
Banks take a lot of precautions, similar to those for cash and other securities. The gold is often kept in sealed packets and stored securely in the bank’s custody until the customer pays off their loan.
The tenure for Kotak Gold Loan ranges from 12 months up to 36 months.
Delayed payment charges are applicable for late EMI payments and are dependent on the loan amount.
A gold loan can be sanctioned in 90 to 120 minutes, approximately, from end to end, subject to the customer's submission of the required KYC documents and two color photos. There could be a delay if the customer doesn’t submit the documents required to avail of a loan. Please note that if the loan amount is Rs. 25 lakhs or above, an ITR is required to be submitted by the customer, and a PAN is a must if the annual income exceeds Rs. 5 lakhs.
Foreclosure charges are applicable on the loan if, closed before the minimum applicable locking period, as per bank policy.
The minimum loan amount is Rs. 4 lakhs, and the maximum amount is Rs. 1.5 crores, subject to approval and valuation of your gold.
One can opt for monthly, quarterly, or half-yearly Bullet payments or EMI.
Typically, 3 years of ITR documents are required, and income should be justified for loan amounts greater than Rs. 25 lakh. PAN is a must if the annual income exceeds Rs. 5 lakhs as per regulatory guidelines.
Kotak Bank ensures a 100% transparent and hassle-free process for gold loans, right from valuation until disbursement, which is carried out in front of the customer.
While availing of the Kotak Gold Loan Smart Choice Loan offer, no guarantor is required.
Only acceptable gold ornaments from 18 to 22 karat and only bank-minted coins (24 karat) up to 50 grams per customer can be funded. Non-funded items or articles such as hairpins, cufflinks, gold watches, gold straps, gold idols, gold utensils, jewelry with more than 50% deduction, thread mangalsutra, white gold, diamond jewelry, imitation jewelry, Ginni, and gold bars cannot be accepted.
Help Center
Locate us
