About Gold Loan

Loan Against Gold is a scheme that can be used to meet your various short-term requirements of life. It is very easy with minimal documentation. Your loan will be sanctioned within 24 hours and Cash amount will be transferred to your account. 

Why one should choose Gold Loan in Ankleshwar?

Higher Loan amounts, depending upon purity.

Choose from different schemes, there’s one just right for your all needs.

Pay interest only for the exact period of Loan.

Different schemes for different needs, to suit all income groups. 

Rate of Interest And Other Charges

Interest Rate

Gold Loan interest rate

10.50% onward

Processing fee

1.50%

Lone Tenure

3month to 36month

Loan Amount

RS.18k to RS. 1cr

The purity of eligible gold

18carat to 22carrat

 

Collateral Required

Gold Jewellery / Gold Bars

Loan Tenure

6 Months / 12 Months (can be renewed up to 3 Years)

Max Funding

Up to 90% of Gold Value

Pre Closure Charges

0 % to 2 % of the outstanding loan amount

 

Eligibility

ELIGIBILITY

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 21 years

Maximum (at loan maturity): 60 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

Salaried

Self-employed 

Documentation

Documentation

Borrower Identity

Two passport size colored photographs

Proof of Identity

Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.

Residence Proof

Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.

Signature Proof

Passport Copy/Driving License/Banker's verification/cheque

Other Documents

Additional Documentation

Land Proof

In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not necessary for allied agriculture purposes.

Demand Promissory Note

Certificate by the Jewel Evaluator(Bank will arrange).

Income proof

Salary Certificate and Form No.16.

Features of Gold Loan:

Following are the Features of Gold Loan:

  1. The cost of Rs. 1 Crore can be approved in these loans.
  2. The gold guarantees will remain safe and sound with the lenders.
  3. The loans are available at any moment of life.
  4. The low interest rate is accessible on these loans. If these loans made to be used in agricultural purposes then these loans can be of lower rates of interest.
  5. A few of your documents are needed for the approval of these loans.
  6. The handling of these loans can be done in hours.
  7. The overdraft facility is also a profit for the applicants of a gold loan in Ankleshwar.

About Ankleshwar: 

Ankleshwar is a city in the Bharuch district in the Indian state of Gujarat. The town is known for its industrial township called GIDC(Gujarat Industrial Development Corporation). Ankleshwar is a well-educated city. The major languages spoken here are Gujarati and Bharuch.