What is the minimum and maximum amount of gold loan that can be availed?
- Posted:20th November, 2024
- Updated:20th November, 2024
The minimum and maximum amounts for a gold loan depend on several factors, including the financial institution's policies, the weight and purity of the pledged gold, and applicable local regulations. Generally:
- Minimum Amount: Most financial institutions have a minimum loan amount, which typically starts from a few thousand rupees.
- Maximum Amount: The maximum loan amount is usually determined by the value of the pledged gold. However, the loan-to-value (LTV) ratio, as per the RBI guidelines, is up to 75%.
For precise details and specific limits, it is advisable to contact the financial institution.
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