What is Gold Loan Eligibility?
Gold Loan eligibility is all about knowing how much your gold is worth and what funds you can get against it. It is like getting a price check, but instead of just the value, you get to know how much you can borrow.
Knowing your Gold Loan eligibility is extremely beneficial as it helps you plan and make smart financial decisions.
How to Use the Gold Loan Eligibility Calculator?
- Enter your name, contact number, email address and city.
- Select your state and gold type (i.e., with stone, solid or chain).
- Fill in the gold weight (in grams).
- Input the amount required.
- Click on “Calculate” to see your Gold Loan eligibility details.
Gold Loan Calculator
Eligibility Criteria
- The applicant should be above 18 years of age.
- The purity of your gold should fall within the specified range, i.e., 18-24 karats.
- The applicant should be the actual owner of the gold.
Documents Required
- Proof of identity - driving licence, voter ID, passport, Aadhaar card or PAN card
- Proof of residence - Aadhaar card, PAN card, etc.
Factors Affecting Eligibility
- Gold's Value
- Repayment Capacity
- Loan-to-Value Ratio
- Gold's Purity
- Loan Tenure
Interest Rates and Charges
- We keep our Gold Loans affordable with competitive interest rates starting at 9.90%.
- There is also a small processing fee of ₹25 (excluding taxes).
- In case you miss a payment, we impose a 2% penalty charge on the due amount.
How to Improve Your Gold Loan Eligibility?
- Make sure the gold's purity meets the lender's standards.
- Double-check all your documents for accuracy.
- Choose a repayment schedule that fits your finances.
- Be transparent with the information provided to the lender.
FAQs
Apply Now
Are you facing a financial emergency? Apply for a Gold Loan now and get instant funds. To learn about our Gold Loan schemes, visit our Contact Us page.