Is KYC required for a gold loan?

Yes, KYC (Know Your Customer) is required when you apply for a gold loan in India. Completing the KYC process is a mandatory step, as per the latest Reserve Bank of India guidelines in 2025, and no regulated lender will process your application without it. KYC helps lenders verify your identity and address, making sure the loan is being given to the rightful person and helping to prevent fraud or misuse of the financial system.

Here’s what you can expect during the KYC process for a gold loan:

• Identity proof: You’ll need to provide a valid government-issued photo ID. This could be your Aadhaar card, passport, voter ID, driving licence, or NREGA job card.
• Address proof: Lenders will also ask for a document that confirms your current address. Commonly accepted documents include Aadhaar card, passport, voter ID, driving licence, utility bills, or a bank statement.
• PAN card: For gold loans above a certain amount (often ₹5 lakh or more), you may be required to submit your PAN card as well.

The KYC process is designed to be straightforward and is usually completed at the branch when you submit your gold for valuation. By ensuring your KYC is in order, you help make the loan process smooth and quick. Always bring original documents and a few photocopies when you visit the lender, so there are no delays in your application.