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New RBI norms for gold loans 2025
May 30 , 2025
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- RBI has issued draft guidelines to streamline and standardize the procedures for issuing gold loans by banks and non-banking financial companies (NBFCs).
- The draft caps the LTV ratio at 75% from current 80% for all gold loans.
- Borrowers must provide ownership proof or a declaration if purchase receipts are unavailable.
- Lenders must issue a certificate detailing the purity, weight, deductions, image, and value of gold.
- Loans will be allowed only against gold jewellery, ornaments, and bank-sold coins with 22-carat or higher purity.
- The Loans can be taken against silver jewellery, ornaments, and bank-sold silver coins with a minimum 925 purity.
- The draft proposes a limit of 1 kg of gold ornaments and 50 grams of gold coins per borrower.
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