What is the maximum loan amount available for NRI gold loan?

Typically, Non-Resident Indian (NRI) gold loan providers offer loan amounts ranging from ₹10,000 to ₹1 crore against gold jewellery as collateral. However, this range is variable and depends on several factors, few of which are discussed below:

1. Amount of gold jewellery pledged: The more gold jewellery, the higher the maximum loan amount sanctioned. Lenders calculate the loan amount based on the current market value of gold.
2. Credit policies of the lender: Different loan providers have different limits on maximum loan amounts for NRIs. Some Non-banking Financial Companies (NBFCs) may offer better loan limits than traditional banks or other financial institutions.
3. Repayment capacity: Loan providers evaluate the NRI borrower's income, assets, and existing financial liabilities before sanctioning a gold loan. A higher repayment capacity allows for availing larger loan amounts.

So, in relative terms, while public sector banks may cap NRI gold loans at ₹20 lakh, some private gold loan NBFCs may offer loans up to ₹1 crore against pledged gold. However, the final loan amount is conditional upon the lender's evaluation of the above-mentioned factors. NRIs looking for loans between ₹10,000 and ₹20 lakh can approach banks and NBFCs offering specialized gold loan schemes for NRIs requiring urgent funds.