CDB Gold Loans

Enjoy the highest rates and fast service that we’ve set up with CDB Gold Loans, ensuring that your short-term financial requirements are handled with ease. At CDB, we take pride in our dedication to serving you. As an award-winning financial institution with a history of over 26 years in service, our every action is one that ensures the highest protection for your precious gold articles. This is why you will find a special private place at every CDB branch that is ever-ready to handle your Gold Loans with the utmost confidence and confidentiality.

Gold Loans for Agriculture Industry

This provides Gold loan installations for the urgent financial needs of the farmers who are striving for the advancement of the country’s Agricultural Industry. Avail finance services at concessional smallest interest rates with prepayment terms of over 12 months on harvest season Schemes and a Valuable gift with every transaction.

Gold loans for the fishing industry

This will facilitate the urgent financial needs of the fishers engaged in saltwater and freshwater fishing industry and financial services can be profited at a concessional smallest interest rate with prepayment terms up to 12 months. In addition to this, every transaction comes with a Valuable gift.

Special Benefits of CDB Gold Loan Service

A high value for every pound/sovereign of gold
50% of the first month’s interest returned to you
Cash to your hand in 3 minutes
Absolute confidence
Full protection for all gold articles
Service carried out in a secure private space with utmost confidentiality.

Additional Benefits

Lowest interest rates.
Easy repayment schemes to match your income. ( 1 month, 3 month, 6 month, 12 month)
Assessments made via modern methods by efficient and experienced staff.
Friendly VIP service.
Ability to redeem gold articles partially and without prior notice.
Ability to make both instalment and interest payments at any CDB outlet.
Notice of Gold Loan maturity prior to date (via phone call, SMS, letter by post)
All outlets are open from Monday to Friday between 8:30 a.m. and 5:30 p.m. and Saturdays between 8:30 a.m. and 2:00 p.m

Frequently Asked Questions

  1. What is a Gold Loan?

    The gold loan, also referred as a loan against gold, is a secured loan taken by the borrower from a lender by pledging their gold articles within a range of 18 karats to 24 karats. The loan provided is a percentage of the gold, based on the current market value and quality of gold, repaid via monthly installments.

    Unlike other secured loans such as a home loan or car loan, there are no restrictions on the end use of gold loans, which means it is ideal for a financial emergency.

  2. What is the eligibility criteria for a Gold Loan?

    Applicants should be aged above 18 years with ownership to the gold that will be pledged

  3. Why should I take a Gold Loan from CDB?

    • Receive 50% of the first month’s interest back
    • Highest rate of advance
    • Faster and easier transactions
    • Flexible repayment plans
    • Security and insurance of gold pledged
  4. How much can I get for a pound of gold?

    Rs. 178,000/- (for 24K)

  5. What is the interest rate?

    From 1.5% onwards

  6. What is the minimum Gold Loan amount?

    Rs. 2,500

  7. How long does it take to complete the gold loan approval process?

    3 Minutes

  8. What is the repayment tenor of a Gold Loan?

    The minimum tenor is 1 month, while the maximum is 12 months

  9. When is the CDB Gold Loan service available?

    Monday to Friday between from 8.30 am and 5.30 pm and Saturdays from 8.30 am to 2.00 pm.

  10. If I settle my loan mid-month, do I get charged the full month’s interest?

    No. Interest applies only until the settlement day

  11. What are the documents required for a Gold Loan?

    The National Identity Card or any other form of identification

  12. Can I release my gold article the same day as obtaining a Gold Loan?

    Yes. You can release your gold article on the same day as you obtain the Gold Loan

  13. If there is an early settlement, are there any extra charges?

    There are no additional charges for early settlements

  14. If I pay in instalments, what is the minimum instalment I should pay?

    The minimum instalment would be the amount of interest

  15. Do I need to inform the branch prior to settling my Gold Loan?

    No you don’t need to. The service is available whenever the branch is operational.

  16. Can I partly release my gold articles?

    Yes, once you have paid back a part of the loan amount as per the value of gold you have released.

  17. Do I need to visit the same branch to make payments?

    No. You can pay using any CDB branch

  18. Does CDB undertake pawned items from other institutions?

    Yes. We do accept articles pawned at other institutions and redeem them on your behalf. Depending on your requirement, you can obtain the highest advance or partly release your articles

  19. Does CDB accept tube articles?

    Yes. CDB does accept tube articles, offering the highest advance for urgent cash requirements.

  20. What security do I need to provide for a gold loan?

    Any gold article of a purity of over 18 karats can be provided as security

  21. How does CDB guarantee the safety of my gold articles?

    The gold articles pledged are secured by 24×7 security and have full insurance coverage.

  22. Can I make a part payment for my gold loan?

    Yes, by paying back a part of the total loan amount. You have the advantage of future interest being charged only on the balance principal amount after part-payment. Moreover, you may choose to release a part of your gold articles/jewellery as per the paid back loan amount.

Documentation required for CDB Gold Loans

National Identity Card or any other form of identification.

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