Gold Loan
What is a Gold Loan?
A gold loan is a secured loan where borrowers pledge their gold ornaments or coins as collateral to obtain instant funds. It is an ideal short-term financing option for personal, business, or emergency needs.
Gold loans offer quick processing, minimal documentation, and flexible repayment options. The loan amount is based on the purity and weight of the gold, making it accessible even without income proof or a high credit score.
Since the lender holds the gold as security, interest rates are usually lower than unsecured loans. Once the loan is repaid, the gold is returned in its original condition.
Key Features :
- Loan Type: Secured loan backed by gold jewellery or coins pledged as collateral.
- Loan Amount: Borrow amounts ranging from ₹10,000 to several lakhs based on gold purity and weight.
- Flexible Tenure: Repayment terms generally range from 3 months to 36 months or more.
- Attractive Interest Rates: Lower interest due to secured nature, typically starting around 7–12% per annum.
Why Choose a Gold Loan?
- Instant Access to Funds for emergencies, business needs, education, or medical expenses.
- No Credit Check Needed as gold acts as collateral, making it ideal for those with low or no credit history.
- Flexible Repayment Options including bullet payments, monthly EMIs, or part payments without penalties.
- Safe Custody of Gold with secure storage and insurance by the lender during the loan tenure.
Eligibility Criteria (General) :
- Age: Applicant should be 18 years or older.
- Gold Purity: Acceptable gold purity is generally 18 to 24 karats.
- Ownership: The gold must be owned by the applicant; no third-party pledging allowed.
- KYC Documents: Basic ID and address proof like Aadhaar, PAN, Voter ID, Passport, etc.
Why Take People
Loan from Wealth Finversity
Instant approval & disbursal
Get immediate approval and quick disbursal against your
gold. Complete the simple process online or at the branch.
Funds are typically disbursed within a few hours after gold
evaluation and approval.
Flexible Repayment Option
Choose from various repayment modes like monthly EMIs,
bullet repayment, or part payments. Gold loans offer
flexibility so you can repay based on your cash flow without
affecting your financial stability.
Higher Loan Amount
Avail loan amounts ranging from ₹10,000 to several lakhs,
depending on the gold’s purity and weight. The loan-to-value
(LTV) ratio is calculated fairly, ensuring you receive
maximum value for your asset.
Short to Medium Tenure
Select repayment tenures from 3 months to 36 months based on
your convenience. Whether short-term needs or medium-term
funding, flexible tenure makes gold loans easy to manage and
stress-free.
Minimum documents
Submit only basic documents such as ID proof and address
proof. No income proof required. The process is quick,
making gold loans accessible to all including homemakers and
small business owners.
Transparent Process
Enjoy a transparent process with no hidden charges. Gold is
securely stored, insured, and returned. No prepayment
penalties, and interest is clearly communicated upfront.
