A GOLD loan is a secured loan where individuals pledge their gold jewelry, coins, or bars as collateral to obtain funds from a lender. It provides a quick and convenient way to access funds for various purposes such as personal expenses, business investments, education, medical emergencies, or debt consolidation. The loan amount is determined based on the market value of the gold pledged, and borrowers typically enjoy lower interest rates compared to unsecured loans due to the collateral involved. GOLD loans offer flexible repayment options and can be availed from banks, financial institutions, or specialized gold loan companies.
A GOLD loan is a secured loan where individuals pledge their gold jewelry, coins, or bars as collateral to obtain funds from a lender. It provides a quick and convenient way to access funds for various purposes such as personal expenses, business investments, education, medical emergencies, or debt consolidation. The loan amount is determined based on the market value of the gold pledged, and borrowers typically enjoy lower interest rates compared to unsecured loans due to the collateral involved. GOLD loans offer flexible repayment options and can be availed from banks, financial institutions, or specialized gold loan companies.
| Loan Tenure | From 3 months to 48 Months |
|---|---|
| Interest Rates | Interest Rates start from 8.30% (Changes time to time ) |
| Eligibility Criteria | Based on Quality and value of the gold and Income Document |
| Loan Disbursal | 1 Days Process post sanction |
interst rate Start from 8.30% (Changes time to time )
Processing Fees Minimum processing Fees 0% to 2 %
LTV Typically LTV (Loan-to-Value) ratio varies up to 70% to 75% depends on Value and quality of the gold and depends on bank to bank.
Quality of the Gold Generally required 18 Karat plus Gold for loan funding
Income Criteria : Minimum salary Rs 15,000 Per Month
Age Criteria : 18 -65 years
Credit Score : Preferably 700 and above
Income Criteria : Minimum salary Rs 15,000 Per Month
Age Criteria : 18 -65 years
Credit Score : Preferably 700 and above
kyc Document
Proof of Ownship of Gold
Financial Documents
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