Friends, if you have gold and need urgent money, there’s no need to run to the bank! These days, apps allow you to get a gold loan from the comfort of your home, and with doorstep KYC – meaning the company will come to your home to inspect the gold, verify the documents, and immediately transfer the money to your account. Let’s take a look at today’s top apps that are the fastest and safest at this price point.
Best Gold Loan Apps With Doorstep KYC Verification
1. Muthoot Gold Loan App
This is the oldest and most trusted name. Doorstep service is completely free, and after checking the gold, you get your money within 30 minutes. Interest rates start at 12%, and the maximum loan amount is 75% of the gold’s value. The app also has a calculator, so you can know how much you’ll receive upfront. Best of all, it’s a pan-India service, even in small cities.
2. Manappuram Gold Loan App
Their doorstep service is also extremely fast. The gold inspection technician arrives, checks the purity with a machine, and the loan is approved within 15-20 minutes. Interest starts at 11.5%, and if you’re already a customer, you get an additional discount. The app’s interface is simple, and it includes both an EMI calculator and a repayment tracker.
3. IIFL Gold Loan App
IIFL is currently operating the most aggressively. Doorstep KYC is completely free, and they also offer gold pickup. Interest rates start at 11%—the lowest I’ve received so far. The loan amount can be up to 80% of the gold. The app displays the live gold rate, so there’s zero chance of fraud. Processing fees are also low.
4. Bajaj Finserv Gold Loan App
Bajaj’s app feels extremely premium. Doorstep service arrives within 2 hours, and gold valuation is done through a machine. Interest starts at 10.5% – this seems to be the cheapest right now. Foreclosure charges are zero, meaning you can redeem the money and get the gold back whenever you want without any extra charges.
5. Rupeek Gold Loan App
This is a startup, but it offers the fastest service. Doorstep KYC is done in 30 minutes, and the money is immediately credited to your account. Interest starts at 10.99%, and you can get a loan up to 90% of the gold! The app has live tracking – everything is visible, including the location of the gold and the interest charged. New users also get an extra discount.
| App Name | Interest Rate | Starting Loan Amount (% of Gold Value) | Doorstep Time | Special Features |
|---|---|---|---|---|
| Muthoot | 12% | 75% | 30-60 Minutes | Oldest and Trusted |
| Manappuram | 11.5% | 75% | 15-30 Minutes | Discount for Old Customers |
| IIFL | 11% | 80% | 30 Minutes | Lowest Processing Fees |
| Bajaj Finserv | 10.5% | 75% | 2 Hours | Zero Foreclosure Charges |
| Rupeek | 10.99% | 90% | 30 Minutes | Live Tracking + High LTV |
Pros and Cons
Pros:
- Loan from home – no bank hassles.
- Gold is kept in a safe locker.
- Interest is lower than bank fees.
- Doorstep KYC is free and fast.
- Money is in your account within 30 minutes.
Cons:
- Interest is still 10-12% – it can’t be called cheap.
- To get your gold back, you must make the full payment at once.
- Service may be slightly delayed in smaller cities.
- If you miss an EMI, your gold may be auctioned.
Conclusion
If you need urgent money and have gold lying around, these apps are the absolute best option! For the cheapest price, try Bajaj or Rupeek; for a trusted name, choose Muthoot or Manappuram.
All apps are available on Google Play. Download them, upload a photo of the gold, and book it – everything will be done when you get home. Have you ever taken a gold loan? Which app did you try? Let us know in the comments!
