GOLD LOAN
In order to borrow money urgently to fulfil your needs, gold loan is the best option. In such cases, you can avail instant liquidity by pledging your gold assets. If you have sufficient gold assets at your disposal, you can always use them as collateral and avail a gold loan. Herein, your gold assets are pledged for a fixed period and once you repay the loan amount along with the interest and charges (if any), your gold assets are returned to you.
FEATURES
- Speedy Loan sanction
- Tenure: 12 to 60 months
- Gold loans generally have a lower rate of interest than other loans
BENEFITS
- Speedy approvals
- Simplified documentation
- Pay interest only for the exact period of loan, and to the exact number of days
- Individual (should be major)
- Holder of Valid PAN Card
- Application form
- KYC documents
- Last six (6) month' bank statement
- Identity proof: PAN card
- Address proof: Passport / electricity bill or driving license
- Passport Size Photograph
- Do I require a Guarantor or Introducer for availing Gold loan? Do I need to
open an account with a Bank?
No. Unlike other loans, there is no need for either a Guarantor or Introducer. -
What happens if the loan amount is not repaid on the due
date?
In case loan amount is not repaid on or before the due date, penal rate of interest is liable to be charged on the loan amount from the due date of loan. - Is there a possibility of damage to the ornaments at the time of
appraising?
Appraising is done in the presence of the customer only. Due care is taken during appraisal to ensure that there is no damage to the ornament during any stage of appraising or storing.