Loans Against Jewellery

When it comes to availing of loans against jewellery, you should consider a number of factors before making a decision. For starters, you should know the gold rate on a particular date and the purity of the gold. Then, you must decide what type of gold ornaments you want to pledge with the lender. The loan amount will depend on the type of gold ornaments and how much you are willing to put up as security for the loan.

Diamond Banc

Diamond Banc is an industry leader when it comes to offering loans against jewellery. These loans are asset-based and can be taken online. The best part is that they do not require you to sell your jewelry in order to qualify for the loan. You can even use your jewelry to secure the loan, which means you will not have to worry about the sale and the subsequent loss.

The company’s business model is simple: it buys jewelry and makes loans secured by fine jewelry. Generally, the value of these transactions range from $5,000 to $500,000. Diamond Banc is unique in the industry because it can fund purchases immediately. This is a major advantage, especially if you have a large collection of expensive jewelry.

Diamond Banc provides loans against engagement rings and wedding sets. It also offers loans against loose diamonds. Diamonds weighing 0.5 carats and above are eligible for the loan. The loan amount will be calculated according to the diamond’s value. The company also offers free appraisals for diamonds.


ICICI Bank offers loans against jewellery to fulfill a variety of financial needs. These loans are quick and convenient, and documentation requirements are minimal. There are no hidden fees or processing charges, and approval can be completed in as little as an hour. Depending on the value of the jewellery, a loan can range from Rs. 10,000 to 1 crore.

You can apply for a loan against jewellery through ICICI Bank if you own a valuable piece of gold. The bank accepts loans on both non-hallmarked and hallmarked pieces. Hallmarking your gold reduces the risk of undervaluation by a valuer. Likewise, the purity of gold affects the amount you can borrow, and a higher purity jewellery will fetch you a higher loan amount.

Gold loans from ICICI Bank can be easily obtained by visiting any ICICI Bank branch. The bank’s representatives will explain the scheme to you and help you apply for the loan. The bank will then give you an EMI amount that fits into your monthly budget.

State Bank of India

A State Bank of India loan against jewellery can be a great option if you have some precious gold lying around and are looking for an easy way to finance it. This type of loan is flexible and is available to anyone who is above 18 years old. The interest rates on such loans are quite low, and the repayment terms are flexible as well.

The maximum loan to value ratio for this type of loan is 75%. The rates vary, depending on the purity of the gold in your jewellery. In most cases, the bank will offer a lower rate if you have less gold in your jewellery. The State Bank of India uses an in-house valuer to determine the gold value of your jewellery.

To qualify for a loan under this scheme, you must be 18 years or above, and have a regular source of income. If you are self-employed, you must provide a GST return or an IT assessment as income proof.

Muthoot Finance

Muthoot Finance is a leading NBFC in India that offers loans against jewellery. The company also sells gold coins and offers wealth management services. Headquartered in Kochi, Kerala, the company has more than 4,400 branches all over India. It has also set up offices in the United Kingdom and the United States.

The loan amount will depend on the carat of gold and the size of the jewellery. Generally, a 22-carat gold ornament can fetch you a maximum loan amount of Rs 1,350. However, larger gold ornaments can fetch you as much as Rs 1,450. Similarly, a 24-carat gold coin will fetch you Rs 1,700.

A loan against your jewellery is a great way to borrow cash without having to sell the item. Whether you need a quick cash advance or need to replace an expensive piece of jewelry that’s become a family heirloom, this option can help you get the money you need without selling it.


Muthoot Finance’s easy-to-use online calculator will help you find the best loan scheme for your needs. It also allows you to compare different interest rates and repayment durations for different items. The application process is simple and fast, requiring only a few basic documents. If you have any questions, you can contact the company’s customer care representatives.

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