Apply for DCB Bank Gold Loan

Why apply through CreditMantri

CreditMantri matches your credit and demographic profile to DCB Bank Gold Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for DCB Bank Gold Loan. Hence the chances of your DCB Bank Gold Loan application getting approved is higher.


of appraised gold value


best rate


processing fee

  • Minimum loan - 10,000/-
  • Maximum loan - 20 lakhs
  • Loan up to 75% of appraised gold value
  • Safe custody of your gold ornaments
  • Interest rate - 14-16% simple interest(lower for higher loan amounts)
  • Processing fee - 1% of amount sanctioned(lower for higher loan amounts)
  • Application form with 2 photographs
  • ID proof (any one) - PAN,Passport,Aadhar,Voter ID,Driver's license
  • Address proof (any one) - Passport,Aadhar, Voter ID, Driver's license,Ration card
  • Processing fee cheque

About DCB Bank

DCB Bank is a private sector commercial bank that has more than 170 branches across 17 states in the country. It offers products to individuals, small and medium enterprises, the rural sector, and mid-sized corporates. It received a scheduled private bank license in 1995. The Aga Khan Fund for Economic Development (AKFED) is the promoter of the bank.

DCB Bank Gold Loan

If you have gold stored at home or in a locker and need money, you can pledge it to avail of a loan at attractive interest rates. You do not need to have a good credit score or even be employed as your gold is held as collateral by the bank.

The DCB Bank gold loan product offers a simple loan approval process and quick disbursal of money. You can walk into the branch with your gold and walk out with the gold loan from DCB Bank.

When should you opt for a gold loan?

A gold loan is a good choice if you are in need of money for immediate personal expenses and want to pay it back over a short period. These expenses could include for conducting a wedding or for paying for a child’s education or for covering emergency medical expenses or for undertaking home renovation or even for going on a vacation – in short, there is no restriction on how you can use the loan money and what to spend it on.

It is also important that you are confident about already having a good track record of making repayments. You should be willing and able to repay the loan in full by the due date, otherwise you run the risk of losing your family jewelry as well as causing your credit score to drop. This will make it difficult to be approved for loans in the future.

DCB Bank gold loan eligibility

You need to be between 18 and 70 years of age to qualify for a DCB Bank gold loan. You also need to be the owner of the gold that has to be of a purity of 18K or above.

DCB Bank gold loan interest rate

The interest rate on your DCB Bank gold loan will be communicated to you in the sanction letter at the time of disbursal. It is a fixed rate and the interest is charged on a daily basis. The interest rates can vary depending on the amount you have borrowed. In general, the rates on a gold loan are relatively lower than other kinds of loans (like personal loans) since they are secured by the gold you have deposited with the bank.

You can choose Emi payments or pay monthly interest charges and pay the full principal amount at the end.

The interest rate also varies depending on how much the loan amount is as a percentage of the total value of the gold pledged. The interest rates are lower when the loan amount is not more than 50-60% of the total value of the gold pledged. However, if the amount borrowed is high as compared to the value of the gold, the interest rate will be correspondingly higher. For example, if you pledge Rs.1,00,000 worth of jewelry and borrow an amount of Rs.40,000 you will get a better ( lower) interest rate than if you pledge the same value of gold but want to borrow Rs.70,000.

Any default in payments or charges will lead to additional interest being charged. Partial withdrawal of the pledged gold is allowed but will also incur an additional processing fee.

How to get a gold loan from DCB Bank

The DCB Bank gold loan application process is simple. All you need to do is to take your gold to any of the select branches which offer gold loans. There are 145 DCB branches across 94 cities that offer a gold loan. If approved, you can walk away with the money. You can also leave your contact details on the website so a representative of the bank can contact you regarding the loan.

Documents required for DCB Bank gold loan

In general, the documents required are

(i)Application form with self-attested photograph

(ii)Proof of residence (Ration card / Telephone bill / Electricity bill / Voter’s ID card)

(iii)Proof of identity (Voter’s ID card / Passport / Employer’s Card / Aadhar Card)

DCB Bank gold loan FAQs

What is the maximum loan amount?

You can avail of a gold loan from Rs. 10,000 to Rs. 20,00,000 depending on the value of the gold being pledged. The loan amount can go up to 75% of the valuation of the gold.

How is the gold kept safe?

Your gold is stored for free in the Bank’s fire-proof lockers.

Are there any benefits for existing DCB Bank customers?

What are the fees and charges on the DCB Bank gold loan offer?

There are a variety of fees and charges associated with a gold loan. These might include a processing fee (which can be up to 1% of the loan amount), a valuation fee( dependent on the value of the gold), stamp duty and other statutory charges according to the state laws, and a fee for late payment among other charges.

Is there any restriction on how I can use the money from a gold loan?

No, there is no limitation on how you can spend the loan money. You are free to use it in any way you wish.

What is the tenure of a gold loan?

DCB Bank gold loans are available for tenures of 3/6/9/12 months.

General queries with regard to gold loans

Do I need a guarantor for a gold loan?

No, you do not need a guarantor for a gold loan. Your gold is used as collateral in case of default.

What are the advantages of a gold loan?

Quick process: In India, gold loans are some of the quickest loans to be sanctioned as the banks have your gold as security in case of default. In many cases, you could walk out of the lenders office with the loan amount. The loan can be approved, over the counter, in a matter of minutes or a few hours. The loan amounts can range from just Rs.1000 (depending if you live in rural area) to Rs. 1 crore. The minimum and maximum loan amount varies according to the lender.

Quick disbursal: Many lenders can have your gold valued quickly and sanction the loan immediately, after verification of the purity and value of the gold. Unlike home or auto loans, a gold loan application does not require to go through multiple levels of approval.

Minimal documentation: Since you are providing your gold as collateral, banks do not need the extensive documentation or long decision making process unlike in the case of a home loan or personal loan. With many lenders, all you need is one piece of photo ID and one piece of address proof, photographs and signature proof. The ID and residence proof documents include ration card, voter ID, driver’s license, passport or Aadhaar card among others.

Another advantage of a gold loan is that you are not required to submit a salary certificate since your gold is used as collateral. So, even if you are currently unemployed or do not have a good credit score, you will still be eligible for this kind of loan. However, it is possible that for loans above a certain amount, some lenders might ask for a salary certificate.

Safe way to utilize an idle asset: Instead of storing your gold in a locker or at home, you can use it to raise money. Gold is a valuable asset that lies idly stored most of the time. At the same time, when you use your gold to get a loan, it will be physically safe with your lender during the loan period. You do not run any extra safety risk by using gold as collateral.

Lower interest rates: In general, interest rates on these loans are lower than on personal loans since the lenders have your gold as collateral. In addition, with some lenders, you may not have to pay a penalty on pre-payment of the loan.

DCB Bank gold loan review

If you are in urgent need of money and have gold lying idle at home or in a locker, you could use the gold to get a loan at relatively low interest rates. The gold loan from DCB Bank is a relatively simple process. You will need to check current interest rates on gold loans and make sure that you have a plan to repay the loan in time. You can walk into any one of select DCB Bank branches in your city that offers gold loans or alternatively, you could ask leave a request online for a bank representative to contact you.

If you need help with deciding on a loan, CreditMantri can guide you through the process and help match you with the offer that best suits your needs.