Our Services
Gold Loan
- Quick Disbursal: The process is fast, with funds disbursed within 30 minutes.
- Minimal Documentation: The application typically requires only basic Know Your Customer (KYC) documents like identity and address proof (e.g., Aadhaar, PAN card, Voter ID).
- No Credit Check Required: Since the loan is secured, do not require a strong credit score or history for approval.
- No Income Proof Required: Borrowers do not need to provide income proof, making the loan accessible to a wide range of individuals, including self-employed persons or those with irregular income.
- Lower Interest Rates: Due to the secured nature of the loan, interest rates are lower and more competitive than those for unsecured personal loans or credit cards.
- Gold Purity and Weight: The loan amount is determined by the weight and purity (typically 18-22 karat) of the gold, which is assessed by professional appraisers
- High Loan-to-Value (LTV) Ratio: Offered a loan amount of up to 75% of the current market value of the pledged gold, as capped by financial regulations.
- Flexible Repayment Options: Borrowers can often choose from various repayment methods to suit their financial situation, such as:
- Regular Equated Monthly Installments (EMIs) (principal + interest) upto 36 months.
- Paying only the interest amount during the tenure and the principal at the end (bullet repayment) upto 12 months.
- Partial payments of the principal during the loan tenure.
- Secure Storage: The pledged gold is stored in high-security, insured vaults by the lender, ensuring its safety during the loan tenure.
- No End-Use Restrictions: The borrowed funds can be used for any purpose, such as medical emergencies, education, business expansion, or weddings, without restrictions.
