AU Small Finance Bank Gold Loan Documents Required

GOLD LOAN @ 0.57%*
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⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.57% p.m.

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    AU Small Finance Bank Gold Loan Documents Required

    Features of AU Small Finance Bank Gold Loan

    AU Small Finance Bank Gold Loan Documents Required

    AU Small Finance Bank Gold Loan gives you the opportunity of getting instant loans. In an unpredictable world, we can need money anytime. With AU Small Finance Bank Gold Loan Documents Required, the process of getting a gold loan becomes easier.

    Some features of AU Small Finance Bank Gold Loan are as follow:

    • Smoothest processing:- The overall processing of the AU Small Finance Bank Gold Loan is done within hours as the customer provides the bank with collateral on the spot, making it a safer choice for banks as they can easily sell the same in case the borrower of the loan defaults.
    • Low-Interest Rates:- AU Small Finance Bank Gold Loan generally has an interest rate range of 13%-14%, which is less than the interest rate of personal loans.
    • Zero Processing Fees:- As AU Small Finance Bank Gold Loans are processed quickly and seamlessly due to on-spot collateral, they generally do not involve Processing Fee.
    • No income Proof:- As the AU Small Finance Bank Gold Loan is secured against the on-spot collateral provided in form of gold, no income proof is needed to process the same.

    AU Small Finance Bank Gold Loan Comparision with banks

    Bank / NBFC Rate Per Gram Interest Rate Gold Loan Tenure Min – Max Loan Amount
    ₹ 3,506 to ₹ 4,621 0.099 3 to 24 months ₹ 10 thousand to 5 crore
    ICICI Gold Loan ₹ 3,506 to ₹ 4,621 0.1 6 to 12 months ₹ 10 thousand to 5 crore
    ₹ 3,506 to ₹ 4,621 0.12 7 days to 36 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1225 12 months ₹ 3 thousand to 1 crore
    ₹ 3,506 to ₹ 4,621 0.1025 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1 3 to 36 months ₹ 10 thousand to 5 crore
    SBI Gold Loan ₹ 3,506 to ₹ 4,621 0.0975 12 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.075 3 to 36 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 20 thousand to 50 lakh
    ₹ 3,506 to ₹ 4,621 0.1025 12 months ₹ 10 thousand to 5 crore
    IIFL Gold Loan ₹ 3,506 to ₹ 4,621 0.12 11 months ₹ 3 thousand to 50 lakh

    AU Small Finance Bank Gold Loan EMI calculator

    AU Small Finance Bank Gold Loan EMI is the monthly payment you make to the bank to repay your loan. The principal amount and the interest component are both included in the EMI. The interest component of your AU Small Finance Bank Gold Loan is higher in the beginning and decreases with each EMI. The AU Small Finance Bank Gold Loan EMI Calculator calculates your monthly at the selected interest rate for a specific duration. AU Small Finance Bank Gold Loan Documents Required to prove the quality and quantity of gold being provided as collateral.

    The EMI is calculated by 3 factors i.e. Loan amount, interest rate, and loan term.

    You need to enter the loan amount, interest rate, and loan term in the AU Small Finance Bank Gold Loan EMI Calculator to get your EMI amount.

    AU Small Finance Bank Gold Loan Documents Required

    AU Small Finance Bank Gold Loan Documents Required are the basic demand for processing and approving a gold loan.

    At the time of application the following documents are required:

    • Proof of the citizenship of India
    • Duly filled application form
    • 2 passport-sized photographs
    • Applicant’s KYC documents to establish Identity and Address
    • Salary/ Income Proof
    • Witness Letter in case of illiterate borrowers
    • In the case of Agriculture Loan of more than Rs. 1 lac, land proof
    • Certificate by the Jewel Appraiser (Bank will arrange)

    At the time of disbursement the following documents are required:

    • Demand Promissory Note & Demand Promissory Note Take Delivery Letter
    • Gold Ornaments Take Delivery Letter
    • Arrangement Letter

    AU Small Finance Bank Gold Loan Documents Required – FAQs

    What is the eligibility age for availing of a gold loan?

    You have to be 21 years and above to be eligible for AU Small Finance Bank Gold Loan. The maximum age is below 65.

    Do banks need security for gold loans?

    No, the gold is their on-spot collateral therefore they don’t keep anything as security.

    What is the CIBIL Score that I need to have to be eligible for applying for AU Small Finance Bank Gold Loan?

    You need to have a CIBIIL Score of 700+ to be eligible for AU Small Finance Bank Gold Loan.