Gold Loan
What is Gold Loan?
- Secured Loan: Gold loans are secured loans where the borrower pledges gold ornaments or coins as collateral against the loan amount.
- Loan Amount: The loan amount is determined based on the value of the gold pledged. Typically, lenders offer loans ranging from a few thousand to several lakhs, depending on the purity and weight of the gold.
- Loan-to-Value (LTV) Ratio: Lenders determine the loan amount based on the Loan-to-Value ratio, which is the percentage of the gold’s value that they are willing to lend. LTV ratios usually range from 70% to 90%.
- Interest Rates: Gold loan interest rates tend to be lower compared to unsecured loans like personal loans because they are backed by collateral. The interest rates can be fixed or floating, depending on the lender’s policy.
- Repayment Period: Gold loans typically have shorter repayment periods compared to other forms of loans. The tenure can range from a few months to a few years, depending on the lender and the loan amount.
- Quick Processing: Gold loans are known for their quick processing times. Borrowers can often get the loan disbursed within a few hours of submitting the necessary documents and completing the gold valuation process.
- Flexible End-Use: Borrowers can use the loan amount for various purposes such as business expansion, education, medical emergencies, debt consolidation, etc.
- Minimal Documentation: Gold loans usually require minimal documentation compared to other types of loans. Typically, borrowers need to provide identity proof, address proof, and proof of ownership of the gold.
- No Credit Check: Since gold loans are secured, lenders usually don’t conduct extensive credit checks on borrowers. This makes them accessible to individuals with poor credit scores or no credit history.
- Gold Valuation: Lenders assess the purity and weight of the gold pledged by the borrower to determine its value. The valuation is usually done by trained appraisers using standardized methods.
Benefits of choosing
SHANTI FINSERV
for your Gold Loan:
LOAN AGAINST JEWELLERY
You can avail loan against gold jewellery with us.
HIGHEST ELIGIBILITY
We provide you with the highest eligibility
i.e. Loans upto 75% of your jewellery market value
LOWEST INTEREST RATES
We provide you with the lowest interest rates from reputed banks and NBFCs.
Rates starting from 11.50% onwards.
T&C Apply
QUICK LOANS
Same day Approvals and Disbursals.
TERM LOAN/
OD FACILITY
We provide you with Term loan & Overdraft facility
How our consultancy works
JUST THREE EASY STEPS
Set up a Meeting/Call with us
Contact our team and set up a meeting/call to discuss all the requirements & procedure
Transfer the Documents
Submit all your documents as suggested by our team either digitally or physically
Sit Back and Relax
Our Competent team will do the rest of the work to ensure your loan is approved ASAP
DOCUMENTS REQUIRED
WHILE APPLYING FOR
GOLD LOAN
3 Latest Salary Slips
3 Months Latest Salary Bank Statements
Form 16/Employee ID Card
Aadhaar Card & Pan Card both
Avail these benefits with us today:
Contact us Today
-
+91-9356069968
+91-9041664775 - bkd291175@gmail.com
- 6th Floor , SCO 18 , Cabin No. 602 , Feroze Gandhi Market , Ludhiana , Punjab , India , 141001
Receive a call back from us
Our team is here to guide and support you every step of the way. Send in your queries and get a call back from us. Get the roadmap to your success.
Call us now: +91 9356069968