In case of any sort of financial need, you can fall back on Saraswat Bank’s Gold Loan to get hassle-free loan upto Rs. 50 Lakh.


  1. Any individual who is the true owner of the ornaments (preferably hallmark)
  2. Advance can be given to males solely against men ornaments without female applicant.
  3. Advance is given to male applicant against women ornaments,  basis female consent (mandatory).

Loan Amount:

  1. Maximum on Term loan/OD up to Rs. 50.00 lakh*

  1. For Bullet repayment – Rs. 2 lakh
  2. Overdraft without monthly reduction: Rs. 2.00 lakh
  3. For the purpose of house repairs/renovation
          Metro & Urban– Rs. 10.00 lakh
          Semi Urban & Rural - Rs. 6.00 Lakh

Basis of Advance:

  1. 65% of the valuation of gold ornaments


  1. Pledge of Gold Ornaments

Repayment Period:

  1. 12 months

Rate of Interest (Floating)

  1. (PLR – 6.25) = 9.25 %
Present PLR: 15.50% p.a. (w.e.f 13.02.2023)

Processing Fees:

  1. NIL

Valuation Charges:

Amount in lakhs Gold Valuation charges
Upto Rs. 5.00 lakhs Minimum Rs. 500/- + GST or 0.25% of valuation amount maximum Rs. 1300/-       + GST.
Above Rs. 5.00 lakhs upto Rs. 10.00 lakhs Minimum Rs. 1300/-+ GST or 0.25% of valuation amount -maximum Rs. 2500/-       + GST.
Above Rs. 10.00 lakhs upto Rs. 15.00 lakhs 0.25% of valuation amount maximum Rs.3700/-  + GST.
Above Rs. 15.00 lakhs to Rs. 50.00 lakhs flat Rs. 4000/- + GST

Custody Charges:

  1. Custody charges of Rs. 300/- per quarter in case the delivery of ornaments is not taken within one month from the closure of loan account.


  1. 2.5% of sanctioned amount maximum Rs 25,000/-


  1. Duly filled prescribed application form.
  2. KYC documents of applicant i.e. latest photograph, Identity proof, residence proof.
  3. Declaration from borrower that he/she is the true owner of the ornaments.
  4. Nomination form (Annexed in Policy) duly filled and signed by the borrower/s

Conditions Apply*