RBI's new gold loan rules start October 1: Key changes

Business Sep 30, 2025

The Reserve Bank of India (RBI) is updating its rules for loans against gold and silver, starting October 1, 2025.
The new guidelines let banks adjust floating loan rates sooner than before and give banks the discretion to allow switching to fixed-rate loans during resets—basically giving borrowers more flexibility.

What else is changing?

It's not just jewelers anymore—manufacturers using gold in their production lines can also apply for these loans.
Plus, smaller Urban Co-operative Banks (Tier 3 and 4) are now allowed to offer them too.
RBI is also asking the public for feedback on draft rules until October 20, aiming to raise repayment ceilings and improve how credit info is shared.
All part of making financial rules work better for everyone.