Gold Loan Assistance
A Gold Loan allows individuals to borrow money by pledging their gold ornaments or coins as collateral. It is one of the quickest and most secure ways to access funds for personal or business needs without selling your assets.
Types of Gold Loans
Gold loans can be customized based on borrower needs and repayment flexibility
Standard Gold Loan
Lump-sum loan against pledged gold with fixed EMIs.
Overdraft Gold Loan
Borrowers can withdraw funds as needed, paying interest only on the used amount.
Bullet Repayment Loan
Repayment of interest and principal at the end of the loan tenure.
Agricultural Gold Loan
Special gold loans for farmers with lower interest rates.
Business Gold Loan
Funding for small businesses and traders against gold collateral.
Emergency Gold Loan
Quick disbursal loans designed for urgent medical, travel, or personal needs.
Why Gold Loans are Important?
Quick Access to Funds
Instant disbursal with minimal documentation.
Low Interest Rates
Cheaper compared to unsecured personal loans.
Flexible Repayment Options
EMIs, overdraft, or bullet repayment structures.
Asset Retention
Borrowers retain ownership of gold after repayment.
FAQs
How much loan can I get against my gold?
The loan amount depends on the gold’s purity, weight, and current market value, usually up to 70–80%.
Is my pledged gold safe with the lender?
Yes, banks and NBFCs store gold securely in vaults with insurance coverage.
Can I prepay or close my gold loan early?
Yes, most lenders allow foreclosure or part-payment with minimal or zero charges.
What is the minimum and maximum tenure for a gold loan?
Gold loan tenure ranges from 3 months to 3 years, depending on the lender and scheme chosen.