Key Highlights

• Gold loans have among the most minimal documentation requirements of any loan product in India. You need identity proof, address proof, and your gold. Income proof, salary slips, and employment certificates are not required.

• PAN card becomes mandatory only above a certain loan amount — for smaller loan sizes, other government-issued identity documents like Aadhaar or voter ID are sufficient.

• If you don't have a PAN card, Form 60 is a valid alternative. It is a declaration form accepted by lenders and the Income Tax department in lieu of PAN, and it is commonly used by first-time borrowers and those in rural or semi-urban areas.

• Your gold's purity and weight determine the loan amount, not your documents — the documentation is for identity verification, not creditworthiness assessment.

A Permanent Account Number (PAN) card is not mandatory for a gold loan in most cases. You can apply with other valid identity documents like Aadhaar, voter ID, or passport. However, for loans above a certain amount (typically ₹5 lakh or more), most lenders require you to submit a PAN card. If you don't have one, Form 60 is accepted as an alternative.

Why Gold Loans Don't Need a Lot of Documentation

Most loans ask for documentation because lenders are trying to assess risk — can this person repay? What's their income? Do they have other debt?

Since the gold itself is the security, even if you default, the lender can recover the outstanding amount by auctioning the pledged gold. Because the collateral is tangible and liquid, lenders carry significantly lower risk.

That is why gold loans work for people who are self-employed, farmers, homemakers, or anyone without a regular salary. You don't need to prove how much you earn. You just need eligible gold and basic identity documents.

Shriram Gold Loan is available to salaried individuals, self-employed professionals, business owners, and others. The minimum age is 18 years. There is no income proof requirement. For loans up to ₹2.5 Lakh*, no income proof or credit assessment is required under current RBI guidelines. For higher loan amounts, lenders may conduct a repayment capacity assessment.

What Documents Do You Need for a Gold Loan

Gold loans are designed to be accessible. The documentation is deliberately minimal compared to personal loans or business loans, which often ask for salary slips, bank statements, and income or employment proofs.

Typically, you need two categories of documents for getting a gold loan approved:

• Identity proof (any one): Aadhaar card, PAN card, voter ID, passport, or driver's licence.

• Address proof (any one): Aadhaar card, passport, voter ID, utility bills (electricity, water, gas), driver's licence, or a recent bank statement.

Since there is also no credit history check, your gold and your identity verification is what the lender needs.

Note: For loans up to ₹2.5 Lakh*, no credit history check is required.

The Know Your Customer (KYC) process starts when an executive verifies your documents, assesses your gold in your presence, and the loan proceeds from there.

When Does PAN Become Mandatory for a Gold Loan?

For loans above a certain amount, lenders are required to collect your PAN card as part of regulatory compliance. In such cases, a PAN card becomes mandatory for gold loans. In case you do not have a PAN card, you may submit Form 60 as an alternative. Form 60 is a declaration form prescribed under the Income Tax Act, 1961. It is usually a declaration form accepted in place of PAN under Income Tax rules. It is submitted when a person does not have a PAN card and needs to carry out a financial transaction that typically requires one.

If your loan amount is likely to cross the threshold set by the lender (this varies according to lender policy), bring your PAN card or prepare your Form 60 in advance. A missing document can delay a same-day disbursal unnecessarily.

The practical tip: carry your PAN card to the branch regardless of the loan amount. It's the simplest way to avoid any hold-up.

What to Carry When You Visit the Branch

Before you go, put together this simple checklist:

Documents to include:

• Aadhaar card (identity + address in one document)

• PAN card (or Form 60 if you don't have PAN)

• One recent passport-sized photograph

Gold to pledge:

• Your jewellery or ornaments (in original condition)

• Any purchase receipts or hallmarking certificates if available — though not mandatory, they can help establish authenticity faster

The entire process, from assessment to disbursal, is typically completed the same day, subject to document verification and gold assessment being in order. Shriram Gold Loan interest rates start from 10%* p.a., and foreclosure may be allowed anytime from disbursal, subject to the applicable loan terms and conditions.

Have all the documents handy and ready to see how much your gold can fetch you? Use the Shriram Gold Loan Eligibility Calculator for an instant estimate. You do not need to visit the branch for the first step.

FAQs

Can I get a gold loan without a PAN card?

Yes, you can get a gold loan without a PAN card, especially for smaller loan amounts. You will need other valid identity proof such as Aadhaar, voter ID, or passport. If no PAN card is available, Form 60 (a declaration form under the Income Tax Act) is generally accepted as an alternative. Always check with your lender before committing.

What is Form 60 and when do I need it?

Form 60 is a declaration form prescribed under the Income Tax Act, 1961. It is submitted when a person does not have a PAN card and needs to carry out a financial transaction that typically requires one. For gold loans, lenders accept Form 60 when PAN is not available.

Is Aadhaar enough to apply for a gold loan?

In many cases, yes. Aadhaar serves as both identity proof and address proof, which simplifies the document submission process. For smaller loan amounts, Aadhaar alone may be sufficient. For larger amounts, lenders typically require PAN as well.

Do I need to submit original documents or photocopies?

Most lenders require photocopies of your KYC documents, along with the originals for verification at the branch. It is advisable to carry both. The originals are returned after verification — they are not retained by the lender.

Can someone else submit documents on my behalf?

In general, gold loans require the applicant to be present at the branch for gold assessment and KYC verification. If you cannot attend personally, check with your specific lender about whether a Power of Attorney arrangement is possible.