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Gold Loan

A gold loan, also known as a jewel loan, is a secured loan that uses gold jewelry as collateral

Here are some details on gold loans

  • Interest Rate: 9% to 18% per annum
  • Processing Fees: Up to 2% of the loan amount
  • Tenure: 6 months to 42 months
  • Minimum Loan Amount: ₹1,500 to ₹50,000
  • Maximum Loan Amount: ₹1 crore to ₹5 crores
  • Repayment: Easy EMIs or repayment of interest and principal after a specified tenure
  • Charges: Service charges, security charges, token charges, SMS charges, notice charges, and safe custody charges may apply
  • Maximum Loan Amount: ₹1 crore to ₹5 crores

Documents Required:

  • Passport-size photographs
  • ID proof (driver's license, passport copy, voter ID card, Aadhaar card, ration card)
  • Address proof (driver's license, voter ID card, Aadhaar card, passport copy, registered lease agreement)
  • Proof of landholding (for agricultural loans over ₹1 lakh)