Guide
Release a Gold Loan in Dehradun — We Pay Your Lender Directly
IGoldcash pays your gold-loan lender directly. You sign a written term sheet, we settle the outstanding amount, and you walk away with cash above what you owed — with no money required from you upfront.
When it helps
When should you consider this?
If any of these apply, we can usually help the same day.
Loan tenure ending
Your loan is due and you cannot repay the full amount. Let IGoldcash close it — no penalties, no renewal fees.
Interest has piled up
Months of accumulated interest have made the loan feel impossible. Convert the gold to cash and clear it completely.
You want the cash anyway
You were going to sell the gold eventually. Release the loan and sell in one step, not two visits to two places.
Auction risk
Lenders can auction pledged gold after default. Acting before auction means more cash back — we move quickly.
The process
How the gold loan release process works
From your first call to cash in your bank — typically 24 to 48 hours.
- 1
Share your loan details
Call or WhatsApp your lender name, branch, loan account reference number, and approximate outstanding amount. We calculate your expected payout immediately.
- 2
Visit and sign the term sheet
Come to the Nehru Colony store with two government IDs and your reference number. We show you the full written payout calculation. You sign the term sheet and deposit a security cheque.
- 3
IGoldcash pays your lender
We transfer the outstanding amount directly to your gold-loan account by NEFT or RTGS, and you receive payment confirmation.
- 4
Collect your gold
Take the payment confirmation to your lender's branch to collect your released ornaments. IGoldcash can accompany you if needed.
- 5
Purity testing and valuation
Back at the store, your gold is tested professionally, openly in front of you. Final weight and purity are verified against the term sheet.
- 6
Instant payment and cheque return
The surplus is paid to your bank instantly by NEFT, IMPS, or RTGS, and your security cheque is returned the same moment.
Your payout
Calculated in writing before you sign
Every figure is shown to you before any payment is made.
| Weight (grams) × purity % | Pure gold content |
| × live MCX rate (per gram) | Market value of your gold |
| − 5% margin on weight | Settlement, testing, processing, service |
| − outstanding loan amount | Paid directly to your lender |
| = your cash payout | Transferred to your bank account |
Indicative Value — final price determined after physical testing.
If the number does not work for you, there is no obligation and no cost. IGoldcash only proceeds when you are satisfied with the payout.
What to bring
What to bring on the day
- Loan account / reference number — from your lender, required for KYC and the direct payment transfer.
- Two government-issued photo IDs — Aadhaar plus PAN preferred; Passport or Driving Licence also accepted. PAN is mandatory above ₹2 lakh.
- Signed term sheet — provided at the store; sets out the agreed rate, the 5% margin, the outstanding loan amount, and your expected payout. Signed before any payment is made.
- Security cheque — a standard legal safeguard for the window between our lender payment and gold receipt. Returned immediately after completion; never deposited unless the deal falls through.
Lenders
Lenders we work with
IGoldcash works with all major gold-loan providers in Dehradun and Uttarakhand.
- Muthoot Finance
- Manappuram Finance
- State Bank of India
- HDFC Bank
- IIFL Gold Loan
- Punjab National Bank
- UCO Bank
- Cooperative banks
- Private financiers
Not sure if your lender is covered? Call or WhatsApp and we will confirm within minutes.
Questions
Gold loan release FAQs
Common questions
01Do I need to pay anything upfront?+
No. IGoldcash pays your lender directly — you do not arrange any funds. You sign a term sheet and deposit a security cheque before the process begins, and the cheque is returned as soon as the transaction is complete.
02Which lenders does IGoldcash work with?+
All major gold-loan lenders — Muthoot Finance, Manappuram Finance, IIFL Gold Loan, SBI, HDFC Bank, PNB, UCO Bank, cooperative banks, and private financiers across Dehradun and Uttarakhand. Not sure about yours? Call and we will confirm.
03What documents do I need to bring?+
Your loan account reference number and two valid government photo IDs — Aadhaar plus PAN preferred; PAN is mandatory for transactions above ₹2 lakh. The term sheet is provided at the store and the security cheque is filled out on the day of signing.
04What is the 5% margin, and why?+
IGoldcash buys your released gold at 5% below the MCX weight-based market value. This margin covers the loan settlement cost, purity testing, processing, and service. Your full payout calculation is shown in writing before you sign anything.
05Why do I need to deposit a security cheque?+
It protects both sides during the 24 to 48 hour window between IGoldcash paying your lender and the gold reaching us. It is a standard legal safeguard, returned immediately once the gold is received and the transaction is complete, and never deposited unless the customer does not complete the transaction.
06How long does the process take?+
24 to 48 hours from signing the term sheet to your final payout, depending on your lender. Major NBFCs like Muthoot and Manappuram often process same-day releases; public sector banks can take up to 48 hours.
07What if my gold value is less than my outstanding loan?+
You are told before anything is signed. The payout breakdown is shown upfront, and if the gold value does not cover the loan plus margin, IGoldcash will not proceed. There are no surprises and no charge for the consultation.
08Is this process legal?+
Yes. It is a standard gold purchase in which IGoldcash settles your lender's outstanding dues on your behalf, compliant with PMLA 2002, the RBI Master Directions on gold loans, and Section 269ST of the Income Tax Act. IGoldcash is a registered gold-buying business in Dehradun — 248001.
IGoldcash — Nehru Colony
BS-26, Nehru Colony, Dehradun 248001, Uttarakhand
- Mon – Sat: 10:00–19:00
- Closed Sunday
Ready to release your gold loan?
Call or WhatsApp with your lender name and outstanding amount for a free payout estimate. BS-26, Nehru Colony, Dehradun.