BGL · Loan against gold
Basel Gold Loan
A loan against your gold jewellery, with interest rates starting from 16.99% p.a. and borrowing up to the Reserve Bank's maximum loan-to-value for your loan amount.
Interest rates starting from 16.99% p.a.
* Final interest rate is based on the applicant's credit profile, income, loan amount, collateral/asset, loan-to-value ratio, tenure and Basel Investments Limited's prevailing credit and interest-rate policy.
Up to 85% of eligible gold value
* Only where the Reserve Bank's ticket-size ceilings permit: 85% on loans up to ₹2.5 lakh, 80% above ₹2.5 lakh up to ₹5 lakh, and 75% above ₹5 lakh.
No foreclosure or part-payment charges
No valuation fee on loans up to ₹10 lakh
Valuation done in front of you, disbursal to your bank account
Final interest rate is based on the applicant's credit profile, income, loan amount, collateral/asset, loan-to-value ratio, tenure and Basel Investments Limited's prevailing credit and interest-rate policy.
For every application, Basel will provide the applicable Key Fact Statement containing the final interest rate, APR and applicable fees and charges before execution of the loan agreement.
No pre-payment or foreclosure charge is levied on a floating-rate loan taken by an individual for a purpose other than business, whatever the source of the money used to repay and with no minimum lock-in period, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. Where a charge does apply, it is stated in your sanction letter, Key Fact Statement and loan agreement before you sign, and on a term loan it is charged only on the amount prepaid.
Subject to eligibility, credit assessment and Basel Investments Limited's applicable policies. All interest rates are stated on an annualised basis.
Terms
What this product is
- Structure
- Monthly interest with principal repaid by the end of the tenure, equal monthly instalments (EMI), or a bullet repayment of principal and interest at the end of the tenure.
- Rate of interest
- Starting from 16.99% p.a., up to 21.99% p.a.
- Processing fee
- Up to 0.20% of the loan amount, plus applicable taxes.
- Tenure
- Up to 12 months.
- Repayment
- As chosen at sanction: monthly interest, EMI, or bullet. Monthly interest payment is mandatory on a loan above 80% loan-to-value. Early repayment, in full or in part, carries no charge.
- Purpose
- Personal and household requirements, declared as a term of the offer. The loan-to-value ceilings published below are the ones the Reserve Bank sets for a gold loan taken for consumption purposes.
- Loan amount
- ₹10,000 to ₹25 lakh.
- Loan-to-value
- Up to 85% of eligible gold value, only where the Reserve Bank's ticket-size ceilings permit it. Lower starting limits apply to bullet repayment loans; see below.
- Security
- Gold jewellery and ornaments of 18 to 22 carat, pledged to Basel Investments Limited.
- Where
- Basel-operated branches with their own vaults.
Who this suits
Resident Indian individuals who own gold jewellery and want to borrow against it for a short period.
Eligibility
- Resident Indian individuals aged 21 to 70.
- KYC documentation that meets the Reserve Bank's requirements.
- Gold jewellery or ornaments that you own personally, of 18 to 22 carat.
- For total gold loans above ₹2.5 lakh, an assessment of your ability to repay.
Meeting these criteria does not guarantee a loan. Every application is assessed on its own merits, and the reasons for a rejection are given in writing.
Documents you will need
- Proof of identity: PAN, and Aadhaar or another officially valid document such as a passport, driving licence or voter ID.
- Proof of address.
- For total gold loans above ₹2.5 lakh, documents showing your income or ability to repay.
Apply
Apply for Gold Loan
Subject to eligibility, credit assessment and Basel Investments Limited's applicable policies.
We do not ask for your Aadhaar number here. Never share an OTP, card PIN or password with anyone claiming to act for Basel.
Before you borrow
Read this part properly.
Your gold is the security for this loan
If the loan is not repaid, Basel may auction your gold to recover what is owed. That is the central difference between this loan and an unsecured one, and it is worth weighing before anything else.
Before any auction you are given notice and the chance to repay; the reserve price is at least 90% of your gold’s current value, and 85% only if two auctions have failed; and any surplus is refunded to you within 7 working days. The notice period Basel gives: Basel gives you, or your legal heirs, adequate notice to repay or settle before starting an auction, sent by the means of contact we hold for you. An auction is advertised in two newspapers, one in the regional language and one in a national daily, and the first auction is held in the district of the lending branch (paragraphs 37 to 39).
Repaying early
Charge: Nil.
Applies: No charge for repaying the loan in full, or in part, before the end of its tenure. Every charge on this loan is in the schedule of charges.
Missed payments
Charge: 3% per annum on the overdue amount, calculated for the period of default.
Applies: Only when an amount is not paid by its due date. Penal charges are not capitalised, and no further interest is charged on penal charges. The charge is for the default: it is not added to the rate of interest.
Missed repayments are reported to credit information companies and will affect your credit record. How repayment may be pursued is set out in our Fair Practices Code.
Every Basel gold loan
How your gold is valued, kept and returned.
Your rate
Interest rates starting from 16.99% p.a., up to 21.99% p.a.
Final interest rate is based on the applicant's credit profile, income, loan amount, collateral/asset, loan-to-value ratio, tenure and Basel Investments Limited's prevailing credit and interest-rate policy.
For every application, Basel will provide the applicable Key Fact Statement containing the final interest rate, APR and applicable fees and charges before execution of the loan agreement.
Bullet repayment loans start lower
On a bullet loan the interest to maturity counts towards the loan-to-value (paragraph 6(v)), so the loan starts at a lower proportion of your gold’s value. To borrow above 80%, choose monthly interest.
| Loan amount | Maximum starting loan-to-value |
|---|---|
| Loans up to ₹2.5 lakh (ceiling 85%) | 70% |
| Above ₹2.5 lakh, up to ₹5 lakh (ceiling 80%) | 65% |
| Above ₹5 lakh (ceiling 75%) | 60% |
How your gold is valued
Your gold is valued at the reference price for its actual purity: the lower of the average closing price over the preceding 30 days and the closing price on the preceding day (paragraph 17).
Price published by: The price used is the one published by the India Bullion and Jewellers Association Ltd. (IBJA). Where a price for your gold's exact purity is not published, the nearest published purity is used and the weight is adjusted in proportion to the actual purity (paragraph 17).
Net weight is the weight of the gold itself, after deducting stones, lac and any other material that is not gold. Every deduction is explained to you and recorded in your assay certificate (paragraphs 23 and 27).
Basel’s method for determining net weight: Only the intrinsic value of the gold itself is counted. Nothing is added for stones, gems, pearls or any other metal in the ornament, and none of that weight is lent against (paragraph 17).
Assaying, in front of you
- Your gold is assayed in your presence at sanction (paragraph 23).
- You receive a certificate stating its purity in carats, gross and net weight, each deduction, any damage, a photograph of the gold, and its value (paragraph 27).
Your valuation report shows
- Gross weight of your jewellery
- Deduction for stones and other material
- Net weight of gold
- Purity, in carats
- Reference value of the gold
- Loan-to-value available to you
- Loan amount
- Rate of interest
- Total cost of the loan, and its APR
What can be pledged
- Gold jewellery and ornaments of 18 to 22 carat, owned by you.
- Up to 1 kilogram of jewellery and ornaments in all (paragraph 16).
- Basel does not currently accept gold coins, although the Directions permit them within limits.
- No loan against gold bars, biscuits or other primary gold, gold ETFs, digital gold or other financial assets backed by gold, and no loan to buy gold in any form (paragraph 12).
The most you can borrow against your gold
| Loan amount | Maximum loan-to-value |
|---|---|
| Loan up to ₹2.5 lakh | 85% |
| Above ₹2.5 lakh, up to ₹5 lakh | 80% |
| Above ₹5 lakh | 75% |
- The loan-to-value is maintained throughout the loan, not only at sanction (paragraph 20).
- For a bullet repayment loan, it takes into account the total amount repayable at maturity (paragraph 6(v)).
When you repay
- Your gold is returned on the day the loan is repaid or settled in full, and in any case within 7 working days (paragraph 35).
- If it is late, Basel pays you, or your legal heirs, ₹5,000 for each day of delay beyond that (paragraph 46).
If the loan is not repaid
- Before any auction, you or your legal heirs receive notice and the chance to repay or settle (paragraph 37).
- The reserve price is at least 90% of the gold's current value, and 85% only if two auctions have failed (paragraph 40).
- Any surplus from the auction is refunded within 7 working days of Basel receiving the proceeds (paragraph 43).
Notice period before an auction: Basel gives you, or your legal heirs, adequate notice to repay or settle before starting an auction, sent by the means of contact we hold for you. An auction is advertised in two newspapers, one in the regional language and one in a national daily, and the first auction is held in the district of the lending branch (paragraphs 37 to 39).
How it works
- 01
Start online or at a branch
Tell us what you need, and choose the Basel branch you will visit.
- 02
Complete KYC
PAN, and Aadhaar or another officially valid document.
- 03
Bring your gold
Only your own jewellery and ornaments.
- 04
Purity and weight tested in front of you
Every deduction is explained, and recorded in your assay certificate.
- 05
Your valuation report
Showing every figure from gross weight to total cost.
- 06
Choose your loan amount
Up to the loan-to-value the Reserve Bank permits for that amount.
- 07
Key Facts Statement, then e-sign
The full cost and APR, before you accept anything.
- 08
Money to your bank account
Disbursed to your own verified account.
- 09
Gold sealed and vaulted
Kept at the Basel branch, not with any partner.
- 10
Repay digitally
Monthly interest, EMI or at maturity, as agreed.
- 11
Gold released on settlement
The same day, and never later than 7 working days.
Basis: Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025. Paragraph numbers are the Directions’.
Applies to this product
Standard terms
- Maximum contractual rate
- Not exceeding 50% per month. This is a ceiling on the rate of interest. It does not cap the APR, which also carries the processing fee and GST, and which is therefore disclosed as a figure in its own right.
- Goods and Services Tax
- 18% on fees and charges that attract it, as the law requires. GST is never charged on interest.
- Annual Percentage Rate
- All-inclusive and not compounded. It is the whole cost of the credit expressed as a fraction of the amount actually received, scaled to a year. Disclosed in the Key Facts Statement before the borrower accepts.
- Who computes the figures
- The server. The application never performs arithmetic on money and never treats a locally held figure as authoritative.