How much gold loan can I get without a jewellery bill?

You may still get a gold loan even if you do not have the original purchase bill for your jewellery. Lenders in India may not require you to present a bill as part of the loan process. However, this may differ between financial institutions. Lenders typically focus on the actual gold you bring in for pledging. Here’s how the process works in practice:

• The lender’s staff will carry out a thorough assessment of your jewellery at the branch. They check the purity, usually by testing the gold, and weigh the ornaments to determine the exact gold content.
• The loan amount you are eligible for is then calculated based on the current market price of gold and the purity of your jewellery. The Reserve Bank of India allows lenders to offer up to 75% of the assessed value as a loan, known as the loan-to-value (LTV) ratio. Please note, the LTV can vary depending on the loan amount.
• The absence of a bill does not reduce your eligibility, as long as the gold is your own and is not under dispute or already pledged elsewhere. You may be asked to sign a declaration confirming ownership.
  It’s important to note that only the gold content is considered—stones, gems, or other non-gold elements are excluded from the valuation. Always carry valid identification and address proof for the Know Your Customer (KYC) process. By following these steps, you can easily access a gold loan even if you no longer have the original jewellery bill.