Kotak Mahindra Kotak Gold Loan

Loan Against Gold Jewellery and Coins from Kotak Mahindra Bank

Unleash the potential of your gold jewellery and gold coins to pay off your high-interest debts

Kotak Mahindra Bank Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This loan can be used to meet any personal financial needs as well as to consolidate high-interest debts. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 50 lakh.

Features of Kotak Mahindra Bank Gold Loan

Why this Loan?

  • The Kotak Mahindra Bank Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery and coins to meet their financial needs
  • This loan scheme can also be repurposed into a consolidation loan to pay off their high-interest credit card debts and loans
  • The loan is granted within 4 hours if the formalities are promptly completed by the borrower

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 50 lakh for existing bank customers and Rs. 25 lakh for “New to Bank” (NTB) customers


  • As of October 2020, the interest rate applicable to this loan can be anywhere from 10.50% to 17.00%


  • This loan is repayable within 4 years


  • Borrowers should be above 18 years of age
  • Borrowers must be the true owners of the gold ornaments, jewellery or specially minted gold coins sold by the banks

Security Needed

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

Processing Charges

  • The bank charges up to 2.00% of the loan amount plus GST 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

  • Kotak Mahindra Bank Website: www.kotak.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 266 2666, 1800 209 0000