Jammu and Kashmir Bank Loan Against Gold Ornaments and Jewellery

A gold loan from Jammu & Kashmir Bank

Pay off your debts by leveraging the power of your gold assets

Jammu & Kashmir Bank Loan Against Gold Ornaments & Jewellery

This loan helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This secured loan can be used to meet any financial needs such as a wedding, overseas travel, higher education, etc. as well as to consolidate high-interest debts.

Features of J&K Bank Loan Against Gold Jewellery

Why this Loan?

  • The Jammu & Kashmir Bank Loan Against Gold Ornaments is meant for borrowers who want to get access to funds by pledging gold jewellery or specially minted gold coins sold by any bank to meet their financial needs
  • Being a secured loan, borrowers can avail this scheme as a consolidation loan and pay off their high-interest credit card debts and loans, thereby consolidating their debts
  • The bank offers an additional discount to women borrowers

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 15 lakh
  • If the loan is availed against gold coins, the quantity is restricted to 50 grams per borrower


  • As of October 2020, the interest rate applicable to this loan is 9.50%


  • This loan is repayable in 6 to 12 months


  • True owners of the gold ornaments, jewellery or specially minted gold coins sold by the banks are eligible for this loan

Margin Money (Borrowers Contribution to Total Cost)

  • As of October 2020, this information is not mentioned on the bank’s website. Please call a bank representative for details

Note: Margin money refers to the amount the borrower contributes to the overall amount required. The bank will cover the rest. So, if the total amount needed is Rs. 20 lakh, a margin of 20% means you will have to contribute Rs. 4 lakh. The bank will provide the balance of Rs. 16 lakh.

Security Needed

  • The bank accepts pledging of 22-carat gold ornaments or gold coins to secure this loan

Processing Charges

  • The bank charges a flat rate of Rs. 500 for processing this loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • Jammu & Kashmir Bank Website: www.jkbank.com
  • Headquarters: Srinagar, Jammu & Kashmir
  • Call Centre Toll-Free Number: 1800 1800 234