Gold Loan Eligibility Explained: Documents, Age Limit, Gold Purity and Loan Amount in One Guide

Qualifying for a gold loan at Capri Loans is straightforward — there's no income assessment for most borrowers, no complex paperwork, and no EMI pressure. This guide covers everything you need to know before you apply: what documents to bring, the age limit, which gold is accepted, and exactly how your loan amount is calculated.

Key Takeaways

• Age requirement: 18 years and above

• Gold accepted: 18 to 22 carat jewellery

• Loan amount: up to 85% of gold's market value (IBJA 30-day average rate)

• Documents: Aadhaar + PAN (KYC only for most loans)

• Repayment: Simple interest — no EMI, repay principal anytime

Documents Required for a Gold Loan at Capri Loans

Capri Loans keeps documentation minimal. You need:

Income proof is not required for standard loan amounts. It may be asked for higher loan amounts in certain cases.

Always carry both originals and photocopies for branch verification. The entire process is typically completed in a single visit.

Age Limit: Who Can Apply for a Gold Loan?

You must be at least 18 years old to apply for a gold loan at Capri Loans. There is no complex income or employment condition — salaried employees, self-employed individuals, homemakers, farmers, and retirees are all eligible.

Your gold is your primary eligibility. As long as your jewellery meets the purity and weight criteria, you can apply.

Gold Purity: What Is Accepted and How It Affects Your Loan

Capri Loans accepts gold jewellery between 18 and 22 carats. The purity of your gold directly determines how much you can borrow:

• 22K gold receives the highest per-gram loan value

• 18K gold is proportionately valued — calculated as 18/22 of the 22K IBJA rate

• Gold of lower carat is converted to its 22K equivalent weight for valuation

What is excluded from weight: Stones, diamonds, gems, lac, alloy, strings, and fastenings are all excluded from the gold weight calculation. Only the net pure gold weight is used.

How purity is tested at Capri Loans: Our certified Gold Valuers conduct mandatory tests — including a Weight Test and Colour/Rub Stone/Acid & Salt Test — under CCTV surveillance at the branch. Optional tests such as Flex, Smell, Sound, and Usability checks may also be performed where needed.

How Your Loan Amount Is Calculated

Capri Loans calculates your eligible loan amount using a transparent, market-linked formula:

Step 1 — Gold is weighed Net weight is measured after deducting all non-gold components (stones, fastenings, lac, etc.)

Step 2 — Purity is assessed Gold purity between 18K and 22K is confirmed by certified valuers

Step 3 — IBJA rate is applied The 30-day average closing price of 22K gold as published by the Indian Bullion & Jewellery Association (IBJA) is used as the benchmark

Step 4 — LTV is applied Up to 85% of the assessed gold value is offered as your loan amount

Example: 20 grams of 22K gold, IBJA rate ₹6,000/gram → Gold Value = ₹1,20,000 → Maximum Loan = 85% × ₹1,20,000 = ₹1,02,000

Using a Gold Loan Eligibility Calculator

Capri Loans' gold loan eligibility calculator lets you estimate your loan amount before visiting a branch. Simply enter:

1. Gold weight (net grams, excluding stones and attachments)

2. Gold purity (18K, 20K, or 22K)

The calculator applies the current IBJA rate and Capri's 85% LTV to show your estimated eligible amount instantly. Use it to decide how much gold to pledge, plan your loan amount, and avoid any branch-level surprises.

Repayment at Capri Loans: Simple Interest, No EMI

Capri Loans does not use an EMI repayment model. Repayment works on simple interest:

• Pay interest on the outstanding principal for the period you hold the loan

• Repay the principal at any time — no fixed monthly instalment

• Extend your tenure by continuing to pay interest as needed

This model suits borrowers who need short-term liquidity with repayment flexibility — you're never locked into a fixed monthly outgo.

What to Verify Before Pledging Your Gold

Before choosing a gold loan lender, confirm the following:

• LTV offered — Capri Loans offers up to 85%; many lenders offer less

• Valuation method — Is it IBJA-based? Done by a certified valuer?

• Gold safety — Is storage secure and process CCTV-monitored?

• Repayment flexibility — Simple interest or fixed EMI? Can you repay early?

• Documentation — Minimal KYC should be sufficient for standard amounts

• Hidden charges — Ask about processing fees, valuation charges, and foreclosure terms

Why Choose Capri Loans for Your Gold Loan?

• Up to 85% LTV — borrow more against your gold

• 18–22 carat gold jewellery accepted

• Valuation based on 30-day IBJA average — fair and market-linked

• Certified Gold Valuers with CCTV-monitored process

• No EMI — simple interest, repay principal on your terms

• Minimal KYC — Aadhaar + PAN for most loan amounts

• Same-day disbursal at branch