Gold loan is know as loan against gold also. Gold Loan is a secured type loan taken by the borrower from a lender by pledging their gold articleswithin a range of 18-24 carats as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80 to 90%, based on the current market gold value and quality of gold.

Why Gold Loan ?

Gold loan is similar as to other personal loan who fulfil your immediate financial requirements, like international education, medical emergencies, marriage expenses, Long tour holiday or any other personal use.

• Fast & simple Disbursal- Customer can get funds within 4 hours without grantor basis of simple documents verification & Gold verification.
• Flexibility Repayment : There is NO Lock in period in Gold Loan. Customer can repay part or Full payment basis of funds availability basis of lender policy. Customer can take Gold loan for minimum 12 months to maximum 60 months.
• Lower Interest Rate:Gold loan interest rates vary between 11% to 18% Annually. its vary lender to lender policies but Interest rates on gold loans are on the lower side when compared to personal loan, since gold serves as collateral.