Services

Gold Loan

GOLD LOANS are of two types depending on the purpose for which the loan is availed.

1) Agriculture   2) Other than agriculture.

Gold loans for the purpose of agriculture carries lower interest rate when compared to other purposes.

Land holding proof is relevant for gold loans for agriculture purpose..

Gold loan is a powerful source of bridging the financial needs whether it is personal or business.

It helps to manage every contingency and comes at affordable rates of interest from any lender bank or nbfc.

Processing and disbursement time is minimal.

Security comprises of gold in the form of jewelry.

Lending process consider necessary appraisal of purity of gold jewelry by the empaneled appraiser in any bank/nbfc after which the eligible loan quantum is arrived at and subject to acceptance by the applicant, the loan applied will be sanctioned.  

Pledge of the appraised jewelry constitute the security part for the gold loan.

Tenor varies from 12 to 36 months.

It can be either bullet payment on specified due date or in the form of EMI s depending on loan product features and lender institution norms.