Gold Loan

Gold Loan at 1%* p.m.

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Gold Loan

A gold loan is a loan which is secured against gold ornaments. A borrower pledges their gold ornaments with the lender in exchange for funds. Therefore, it is a loan which is granted against a certain physical security of gold. Gold loans have successfully enabled thousands of people to mobilize their personal assets, which would’ve otherwise simply been kept away in a locker. There are many leading finance companies like Muthoot Finance, Muthoot Group, Muthoot Fincorp, Muthoot Pappachan Group, HDFC Bank, Yes Bank etc.

  • Faster loan – Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
  • Competitive pricing €“ Very attractive loan rates and charges.

Gold Loan Documents

Documents Required for Gold Loan

  • Proof of Identity – (Passport / Voter’s ID / Driving License/PAN Card/Aadhar Card)
  • Signature Proof (Passport /Driving License/Banker’s verification)
  • Address Proof- (Ration card /Driving License/ Voter’s ID / Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport )
  • Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth)
  • 2 passport size photographs

Please note that the loan is granted for Agricultural/Business/ personal purposes. The loan amount cannot be used for purchase of Gold Coins, jewels, land or other speculative purposes

Interest Rate of Gold Loan

Interest Rate:

  • Generally gold loan is available at the interest rate of 11.5% to 14.5%
  • ROI for tenure less than 1 year is also available at 1%
  • Processing fees equals to 2000
  • Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot

Gold Loan eligibility

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 65 years
  • Gold jewellery should be owned by the applicant or any of the family members.