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Fin Shorts| September 27, 2024

What Documents Are Required to Get a Gold Loan?

To get a gold loan, you typically need to provide the following documents:

  • Identity proof: Any government-issued ID proof such as Aadhaar card, PAN card, voter ID, passport, or driving license can be submitted as identity proof.
  • Address proof: You need to submit a proof of your current address such as a utility bill, rental agreement, or passport.
  • Photographs: You need to submit a few passport-sized photographs.
  • Proof of ownership of gold: You need to provide documents that prove you own the gold you are pledging as collateral for the loan. This can be a receipt from the jeweler or a bill of sale.
  • KYC documents: You may be required to submit additional Know Your Customer (KYC) documents such as your PAN card, bank account statement, or income proof, depending on the lender's policies.

It is important to note that the specific document requirements may vary depending on the lender and the loan amount. It is best to check with the lender or visit their website to know the exact document requirements for a gold loan.

Suggested Read: Documents Required to Apply for Muthoot Gold Loan

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