Loan Against Gold
Gold loan or loan against gold is a secured loan that a borrower takes from the lender by custody their gold ornaments or gold jewellery. You get a certain percentage of the gold value as a loan amount. You can repay loan amount through monthly instalment after that you get your gold articles back
Who provide Gold Loan-
Banks and other money lenders provide loan against Gold. You can directly reach out to them by online or offline.
Requirements for Gold Loans-
Following documents are necessary to avail the gold loan:
- Duly-filled application form
- Passport sized photographs
- Identity proof (pan card, aadhaar card)
- Address Proof (passport, driving license, Voter ID)
- Signature Proof
- Form 60 or PAN card
- Proof of age (birth certificate,10th mark sheet)
How to apply for Gold Loan
You can apply online or directly visit the bank or money lenders office. You need all the basic documents to avail Gold loan or loan against Gold.
Benefits of Gold loan
- High Loan Amount – In case of Gold loan, you can get high loan amount easily. Quick Disbursal – loan against gold process in 72 hours and it can be disburse in 4 days.
- Convenient tenure – repayment tenure for gold loan various from 1 years to 3 or 5 years.
- Minimum Documents – For avail facility of Gold loan, you need minimal documentation.