Gold loan is a secured loan in which a customer pledges gold as collateral with a bank/nbf. The financial institute gives a loan amount as per the market value of gold to the customer. Gold loans are the quickest way to get funds for personal or business requirements.
11.75% - 18.00%
Interest Rate Range
Up To 2.5%
Processing Rate Range
1 Year - 5 Years
Two passport size photograph.
ID Proof such as Driving License / PAN Card / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card.
Terms & Conditions
Stamp duty at actual as per applicable law.
Interest rate of sub. (subject to change as per terms and conditions /agreement) as per lender (monthly reducing)
Processing charge of the borrower will be according to the lender.
Govt. tax and levy as per applicable government laws would be charge on all fees and charges.
Cheque/SI/ECS return charges (without prejudice to the civil and criminal rights and remedies of the bank for the dishonor) As per lender
Default interest / late payment charge: as per lender
Legal repossession and incidental charges: At actual
Duplicate amortization/ repayment schedule: as per lender
Cheque /Si/ESI swapping charges: As per lender
Details of security As per lender
Taxes at actual, applicable presently or in future.
Date on which annual outstanding balance statement will be issued:31st may
Loan cancellation charges: As per lender Interest would be charged for the interim period between the date of disbursement and date of loan cancellation
Gap interest will be recovered from disbursement amount where the number of the days between account credit date (i.e. of the disbursement amount ) and first EMI date is more that 30/31 days
You're probably eligible for a Loan if you are
At Least 23 Years Old
Less Than 65 Years Old
Salary must be in your account
Minimum salary required Rs.15000/Month credit in bank