You can also get a loan against silver stored at home. RBI has provided relief. Learn the full rules.

A new circular has been issued by the Reserve Bank of India (RBI). Under this, you can now take a loan against both gold and silver. Learn how to get a loan and its rules.

Silver loan in India: A new circular has been issued by the Reserve Bank of India (RBI). Under this, you can now take a loan against both gold and silver. There are times in life when people need money immediately. For such occasions, people consider options ranging from personal loans to gold loans.

With this new step by the RBI, people will now be able to get a loan against silver stored at home and meet their financial needs. Under the new RBI rules, this facility will be available from April 1, 2026. Let's learn about the rules under which you can take out a silver loan.

Which institutions will provide the loan?

According to the RBI, if you're considering a silver loan, many banks and financial institutions will offer this facility. Almost all commercial banks, including small finance banks and regional rural banks (RRBs), will offer this facility.

In addition, cooperative banks operating in urban and rural areas will also offer silver loans. Non-banking financial companies (NBFCs) and housing finance companies will also offer silver loans to their customers.

How much silver can you pledge?

To obtain a loan against silver, customers cannot pledge more than 10 kilograms of silver jewelry and 500 grams of silver coins. The RBI has set this limit. The loan amount will depend on the loan-to-value (LTV) ratio.

That is, how much loan you can take against the silver you pledge. The RBI has also established rules regarding gold pledges. You cannot pledge more than 1 kg of gold jewellery and 50 grams of gold coins.