look news india
Taking loan against gold is a common thing, but did you think that your silver anklets, rings or coins kept in your home safe can also help you get money in difficult times? Yes, now this is going to be possible. Giving great relief to the common man, the Reserve Bank of India (RBI) has made a new rule, under which now loan can be availed against gold as well as silver.
Often when people suddenly need money, they resort to personal loan or gold loan. But now the silver kept in your house is also going to become another big source of financial help for you.
When will this facility start?
According to a new circular issued by RBI, 1 April 2026 This facility will start from. This means that now you will not have to depend only on personal loan or gold loan in case of sudden need of money. Silver kept in your house can also help you financially.
How much silver will you get a loan against?
RBI has also decided how much silver you can pledge. According to the rules, you Silver jewelery up to 10 kg And Silver coins up to 500 grams Will be able to take loan against mortgage. How much loan you will get will depend on the current price of your silver (Loan-to-Value ratio).
Who will give this loan?
RBI has made arrangements to make this facility available to as many people as possible. This loan will be available to you at these places:
- All commercial banks (including small finance banks and rural banks)
- Urban and Rural Cooperative Bank
- Non-Banking Financial Companies (NBFCs)
- Housing Finance Companies
This decision is a big relief for millions of Indian families who had an asset in the form of silver but were not able to use it in emergencies. Now this rule will further strengthen their financial security.
