The maximum loan amount you can get for a gold loan depends on several factors, including the purity and weight of the gold provided as collateral, the lender's policies, and the prevailing market value of gold. Typically, lenders offer loans ranging from 60% to 80% of the value of the gold ornaments pledged as collateral. However, the actual loan amount offered to you will depend on the specific terms and conditions of the lender.

The repayment period for a gold loan is typically short-term, ranging from a few months to a few years, depending on the lender and the loan amount. Some lenders offer flexible repayment options, allowing borrowers to repay the loan in EMIs or as a lump sum at the end of the loan term. It's important to check with the lender for the specific repayment terms and options available for the gold loan.

If you can't repay a gold loan, the lender may auction off the gold ornaments pledged as collateral to recover the outstanding loan amount. It's important to communicate with the lender and explore repayment options to avoid losing your gold.

Yes, the gold pledged as collateral for a gold loan is generally safe with the lender. Lenders are required to follow strict guidelines for the safekeeping of the gold, including secure storage facilities and insurance coverage. Additionally, borrowers receive a receipt for the gold pledged, detailing the quantity and quality of the gold. It's important to choose a reputable lender to ensure the safety of your gold.