Personal Loan for Gold Purchase - Kissht
Overview
Kissht offers an unsecured personal loan designed specifically for buying gold jewellery, coins, or bars. Because it is unsecured, no collateral (including the gold itself) is required to qualify. The entire process, from application to fund disbursal, is digital.
What It Does
The loan provides funds upfront so buyers don't need to deplete savings to make a gold purchase. Repayment happens through fixed monthly EMIs over a chosen tenure, spreading the cost of the purchase over time.
Who It Helps
- Salaried employees
- Self-employed individuals
- Small business owners
- MSME professionals
- Indian residents aged 21 to 60 years
Key Capabilities
| Feature | Detail |
|---|---|
| Collateral | Not required (unsecured loan) |
| Application | Fully digital, online process |
| Documentation | Minimal — PAN, Aadhaar, selfie |
| Disbursal | Direct digital transfer to bank account |
| Approval | Instant online approval within minutes |
| Repayment | Flexible EMI tenure, customizable to borrower needs |
| Tracking | Real-time loan progress tracking |
| Use case | Multi-purpose (gold purchase, travel, health, or other personal needs) |
EMI Calculation Example
EMI is calculated using the formula:
`EMI = [P × R × (1+R)^n] / [(1+R)^n − 1]`
Where P = principal loan amount, R = monthly interest rate, n = number of months.
Example: For a loan amount of ₹90,000 at 10% p.a. interest over a 12-month tenure, the EMI comes to approximately ₹7,913.
The EMI calculator on the Kissht site supports loan amounts from ₹5,000 to ₹60 lakh, interest rates from 6% to 36% per year, and tenures from 3 to 72 months.
Eligibility Criteria
- Nationality: Must be an Indian resident
- Age: Typically 21 to 60 years
- Documentation: PAN Card and Aadhaar Card required for verification
- Income proof: May be requested for higher loan amounts, depending on credit profile
- Applicant profile: Open to salaried, self-employed, small business owners, and MSME professionals
Documents Required
- Basic personal and contact information
- Aadhaar card with selfie verification (KYC)
- PAN card of the borrower
- Recent payslip or bank statement (if required)
Note: Exact documentation requirements are at Kissht's discretion and may vary by applicant profile and loan type.
Buyer Questions This Page Should Answer
What is a personal loan for gold purchase?
It provides funds to buy gold jewellery, coins, or bars without exhausting your savings. The loan is repaid through fixed monthly EMIs over a convenient repayment period.
How can I get an instant personal loan for gold purchase online?
Apply online with Kissht by filling out the application form, completing digital KYC, and submitting the necessary documents. After verification, the approved amount is transferred to your bank account.
Can I get a personal loan for gold purchase without collateral?
Yes. Kissht offers this loan without requiring any collateral. Complete KYC verification and meet the eligibility criteria, and funds are transferred directly to your bank account once approved.
What documents are required?
KYC documents (Aadhaar card and selfie verification), PAN card, and income details such as salary slips or bank statements if requested.
How is the EMI calculated?
EMI depends on the loan amount, interest rate, and tenure, calculated using the standard EMI formula. Borrowers can use Kissht's online EMI calculator for an exact figure based on their inputs.
Proof or Trust Signals
- 4.9 rating with 63M+ app downloads
- ₹5,900 Cr+ Assets Under Management
- 11M+ customer base
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