Published on Oct 14, 2022Updated on Oct 6, 2026
Investment and gold go hand-in-hand for Indians. On the auspicious occasion of Dhanteras, Indians buy gold in the form of coins and jewellery since they believe it brightens up their homes and brings prosperity into their lives.
Over time, the glory and importance of gold have grown massively. Additionally, there are multiple benefits of investing in gold. If we keep aside other assets, gold is something that most people around the globe believe in.
If you hold on to gold for a longer period, it will yield benefits. Due to such factors, many opt for a personal loan to buy gold. Gold is not only auspicious to buy during Dhanteras, but is also a reasonable choice of investment as it provides financial cover during adverse economic events.
Instant funds for buying gold during Dhanteras 2026 can be quickly taken care of by a personal loan.
Before applying for a personal loan to buy gold, there are specific criteria that you must keep in mind. One must maintain a credit score of 700 or above before opting for a personal loan. Moreover, personal loan eligibility is another factor that helps in deciding whether or not a lending institution will grant you a loan.
Read below to know the advantages a personal loan for gold can bring.
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Taking a personal loan doesn’t require you to pledge your assets, i.e., they are collateral-free.
Another significant benefit of a personal loan is minimum documentation. Unlike a home or car loan, a personal loan is sanctioned based on minimum documentation. Lending institutions look for a few documents such as ID proof, income proof, salary slips, etc., since this loan is only based on your creditworthiness.
Personal loans allow you to make repayments completely at your terms. Lending institutions give the privilege to the borrowers to choose the repayment tenure. Depending on how efficient you are with your credit, structured repayment plans are based. This paves the way for making repayment without any stress for borrowers.
When you wish to buy gold with a personal loan during Dhanteras, waiting for long periods sounds like an option less preferred. That’s when you choose a personal loan since you can receive funds almost instantly after your loan is approved. Getting the application pre-approved will add more to the ease.
A personal loan from SMFG India Credit can bring along many benefits. With no hidden charges and interest rates of only 12.5% per year, you can take up a personal loan of up to INR 10 Lakhs* this Dhanteras for purchasing gold. If you’re interested in learning more about personal loan eligibility, you can check out the eligibility calculator available online. Let’s enjoy the benefits of bringing home gold this festive season!
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
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