What Documents Do I Need to Apply for a Gold Loan at Home?

When applying for a gold loan digitally from home, typically, you may need to keep these essential documents handy:

• Proof of Identity - Provide a PAN Card, Voter ID, Aadhaar Card, or Driving Licence for KYC verification.
• Proof of Residence - Submit documents such as an electricity bill, telephone bill, or bank account statement that includes your address.
• Photographs - Include your latest passport-sized photographs as specified by the loan provider in the application form.
• Bank Account Details - Provide an active bank account statement or passbook for loan disbursement and EMI payments.
• Gold Ornaments Invoice - Present any invoice or documentation that supports your ownership of the gold jewellery.
• NOC from Co-owner - Obtain a No Objection Certificate (NOC) from any co-owner of the gold, authorizing you to pledge the ornaments.
• Income Proof - Supply your latest salary slips, Form 16, and proof of business income if required by the financial institution for eligibility.
• Credit Report - Many loan providers request a CIBIL report to assess your repayment capacity.
• KYC of Co-applicant - If applying with a co-applicant, include all their KYC documents as well.

Soft copies of these documents are sufficient for online application. Hard copies may be requested later for verification. Ensure all documents are clear, valid and supportive of your loan application for quick processing.