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Gold loans are a type of secured loan provided by IOB(Indian Overseas Bank) against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. TMB provides jewel loans and under that category comes Agriculture Jewel loans, Agriculture Jewel Loan with Interest Subvention and Non-Agriculture Jewel Loans. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an HDFC online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of SBI Bank’s online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.

The gold loan amount that you can get from your lender is determined by the value of gold you have pledged as collateral. The values and the purity of the gold pledged will be checked before your lender takes possession of the gold. It will also depend on your creditworthiness as your lender would know whether you will be able to repay your loan within the given tenure period along with the interest rates charged. 

You can compare gold loan interest rates of different lenders before applying for one. Along with the best interest rates, you can also check for the tenure provided by respective lenders. It’s better to always check your lenders gold loan eligibility criteria before applying for it. Because if you don’t fit the eligibility criteria and apply for the loan, you would face unnecessary loan rejections.

Gold loans are managed by institutions that keep jewellery safe in a strong vault that are guarded well. Lenders also provide free insurance for the gold that is being pledged to them, which protects it against theft. So in case there is a robbery, you will get back an amount equivalent to the gold’s market value. 

Gold loan is a type of secured loan where you pledge your gold as collateral to avail the loan. The loan amount will be provided based on the current market value and the quality of the gold. Most of the major banks in India provide gold loans. As long as you fit the lending criteria and have a good credit score, any lender would provide a gold loan.

A steady income is important to get any kind of loan and in case you are unemployed, there are still ways to qualify for one. If you are in need of a quick loan, a gold loan will be a good choice. You would just have to pledge your loan as collateral and get the funds you need. Unemployed students wanting to pursue higher education can take an education loan by signing a co-applicant or by pledging collateral. The future income of the student is taken into consideration while when the loan is granted.

Indian Bank provides agriculture jewel loans for farming needs such as the purchase of fertilizers, seeds, pesticides, and equipment required. Only farmers are eligible to get this loan by pledging their jewels.

Banks extend hassle-free funds to farmers who are involved in crop production and allied agriculture activities. Lucky you are if you have gold jewels and get loans for agriculture. The lowest interest rate on gold loans can be availed from banks for purely for agriculture purposes.

A gold loan is a form of a secured loan. A secured loan is when an individual provides an asset as security in exchange for the loan amount. In the case of a gold loan, the individual provides gold coins or gold jewellery as security in exchange for the loan amount.

Availing a gold loan in India is a very simple process. As gold is an asset that is present in most Indian households, individuals opt for a gold loan when in need of funds for a financial emergency. Since gold loans are very common, the process to avail one is very easy and effortless. Also, since gold loan is a secured loan, the interest rates for the loan are very low in comparison to unsecured loans.

A gold loan is a type of a secured loan. It is when an individual pledges his gold coins or jewellery as security for the loan amount.

Interest rate is a major concern when one tries to take any loan. Getting a low interest loan partially depends on the borrower’s credit profile and partially the lender’s lending rates. As gold loan is a secured loan, it is possible to get a low interest than many other loans. For example, a personal loan will have higher interest rate than any other loans in the market.

There are special gold loans for farmers known as agricultural gold loans that are aimed to help with crop production. The interest rates for these special agricultural gold loans begin at just 4% in banks such as SBI and others whereas, normal gold loans have interest rates that begin at 9.95%. In most cases, the interest rates for the agricultural gold loans are disclosed at the discretion of the bank to the farmers when required.

Yes, you can pay only the interest amount and pay the principal amount (loan amount) at the end of the loan tenure if you take a gold loan from a bank in India. But repayment options can vary from lender to lender, so it is always best to check with the bank you are borrowing from as to what their repayment options for their gold loan are and pick what is best suited for you.

Many individuals in India opt for a gold loan as gold is largely available in Indian households. A gold loan is a secured loan and thus the interest rates are lower making it an appealing option for most customers. There are many private and public banks that offer gold loans. There are many Non-Banking Financial Companies (NBFCs) that also offer the same.

The process is very simple and fast as the customer just needs to visit the nearest lender’s branch with the gold coins or jewellery that he wants to pledge. The gold is then assessed and about 60% to 75% of the gold’s market value is then released as the loan amount to the customer in under 2 hours. There is very minimal documentation needed for a gold loan. Some of the documents that are generally asked for are passport, driving license, Aadhaar card, voter ID, PAN card or Form 60. As gold loans are secured loans, you do not need to provide the bank with any proof of income.

A gold loan is also known as a secured loan as one offers gold coins or gold jewellery as security against the loan. Gold loans are offered by a number of banks and Non-Banking Financial Companies (NBFCs).

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