Karnataka Bank KBL Gold Loan

Loan Against Gold Jewellery from Karnataka Bank

Unleash the potential of your gold ornaments to pay off your high-interest debts

Karnataka Bank KBL Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery to meet any financial needs such as expenses for a wedding, overseas travel, higher education, etc. as well as to consolidate high-interest debts. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 25 lakh capped at Rs. 5 lakh per account and a maximum of 5 accounts per borrower.

Features of Karnataka Bank Loan Against Gold Jewellery

Why this Loan?

  • The Karnataka Bank KBL Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery/ornaments to meet their financial needs
  • This loan scheme can also be availed by borrowers as a consolidation loan to pay off their debts

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 25 lakh. The bank has put a limit of Rs. 5 lakh per account with a maximum of 5 accounts per borrower


  • As of October 2020, the interest rate applicable to this loan may range from 8.40% to 8.70%


  • This loan is repayable within 12 months


  • Borrowers should be above 18 years of age and have a steady source of income
  • Borrowers must be the true owners of the gold ornaments

Security Needed

  • The bank accepts pledging of gold ornaments or gold coins duly verified for quality and quantity to secure this loan

Margin Money (Borrowers Contribution to Total Cost) & Processing Charges

  • As of October 2020, this information is not mentioned on the bank’s website. We suggest calling up the bank to get in touch with their representative to get more details

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

  • Karnataka Bank Website: www.karnatakabank.com
  • Headquarters: Mangalore, Karnataka
  • Call Centre Toll-Free Number: 1800 425 1444