AU Small Finance Bank Gold Loan

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Unlock the Real Value of your Gold

Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

About AU Small Finance Bank Gold Loan

AU Small Finance Bank offers loan against gold at contentious interest rates. AU Small Finance Bank Gold Loan as one of the major gold loan providers understand the needs of the customers and disburse the loan amount in one hour. The pledged gold is locked safely in the vault and the borrower does not have to worry about its safety.

The Gold Rates and all other charges are announced to borrower upfront in a transparent manner before sanctioning the loan amount. Hence borrower does not have to worry about the hidden charges and fees on their AU Small Finance Bank Gold Loan.

Know More – What happens when you don’t pay a Gold Loan?

AU Small Finance Bank Gold Loan Features

  1. AU Small Finance Bank India gold loan is very easy to apply. One can apply for the Gold Loan online within a few minutes.
  2. If a borrower is eligible, the loan can be approved within 5 minutes.
  3. After the approval of the gold loan, if the borrower has its complete documents it can be disbursed quickly.  One can say it can be disbursed within a period of a few hours.
  4. The responsibility of the gold is all at the bank’s end. Borrower’s gold assets will be kept under very tight and fireproof security.
  5. The rates of interest provided by the bank are quite affordable.
  6. The documentation process is very easy and simple.
  7. Bank will not ask the reason behind the gold loan, one can use this loan amount according to their needs.

Read More – About Gold Loan

Uses of AU Small Finance Bank Gold Loan

AU Small Finance Bank Gold Loan

The borrower can use the amount of loan wherever one wants. Following are some basic reasons given for which one can get the gold loan.

  1. Most people use the gold loan for the wedding purposes.
  2. Sometimes one can prefer to get a Gold Loan in case of a medical emergency.
  3. Education can also be a reason for the usage gold loan.
  4. One can also boost their business by using the gold loan.
  5. The customer can get a gold loan to pay the bills related credit cards.

Who can get AU Small Finance Bank Gold Loan?

  1. Any salaried individual.
  2. Any self-employed.
  3. Housewives/homemaker
  4. Students (age should more than 18 years)
  5. A farmer
 

Form of Gold Accepted for AU Small Finance Bank Gold Loan

  • Any jewelry carries with the quality of 18 carats to 22 carats is acceptable.
  • Gold coins weigh less than 50 grams can get a gold loan.
  • Bank does not accept minted/forged gold coins.
  • Bars and bricks are not acceptable.
  • Raw gold is not acceptable.

Documentation Required for AU Small Finance Bank Gold Loan

Photographs

2 passport size colored photographs

Policy

Know your customer

Identity Proof

Aadhar Card, PAN Card, Voter ID Card, Passport or the Driving License.

Residence Proof

Aadhar Card, PAN Card, Voter ID card, Passport, Driving License

Know More – 5 Must factor to keep in mind before availing a Gold Loan

Note: AU Small Finance Bank can ask for additional documents as per the needs and requirements.

AU Small Finance Bank Gold Loan Interest Rates

The rate of interest starts at 11.5% and can go up to 15.5% per annum. Prepayment charges are 1% and the tenure of the loan is from 3 to 12 months.

Note: Interest rate mentioned here are updated with rates expected to change.

How to apply for AU Small Finance Bank Gold Loan?

  1. Visit Dialabank.com
  2. Fill a simple application form providing basic information.
  3. Get a call back with all the assistance and guidance.

FAQs About AU Small Finance Bank Gold Loan

Q. How much Gold Loan can I get per gram in AU Small Finance Bank?

The gold loan rate per gram depends upon the quality of the gold that is to be pledged and the rate of the gold prevailing in the market. AU Small Finance Bank gives you about 75% funding of the total market value of the gold.

Q. What is AU Small Finance Bank Gold Loan?

AU Small Finance Bank provides loans at attractive and competitive interest rates for fulfilling the monetary needs of a person whether personal or professional. They provide loans at special rates for the priority sector as well. They give over the counter disbursal and require minimal documentation. They also provide renewal and top – up facility on the loan.

Q. What is the Gold Loan interest rate in AU Small Finance Bank?

Gold Loans by AU Small Finance Bank are given at attractive & competitive interest rates based on the prevalent market situation. The rate of interest charged also depends upon the amount that you have to take. Low processing fees at the time of sanction and renewal are also charged by the bank.

Q. How to pay AU Small Finance Bank Gold Loan online?

AU Small Finance Bank gives you the option of paying through your zero balance savings account which will be opened at the time of loan application approval in Easy Monthly Instalments.

Q. How to apply Gold Loan in AU Small Finance Bank?

Applying for Gold Loan from AU Small Finance Bank is easy and hassle-free process as you can do it from the comfort of your own home by visiting the bank’s official website and filling a form which asks you some basic details. You can also visit the nearest AU Small Finance Bank branch directly with your gold and documents to apply for the loan.

Q. How to renew AU Small Finance Bank Gold Loan online?

The renewal process requires your presence in the bank branch as the gold has to be released and revalued based on the market price of the gold. For more information, you can visit the branch or call on the customer care toll-free number.

Q. How to take Gold Loan from AU Small Finance Bank?

Taking Gold Loan from AU Small Finance Bank is a simple process as you just need to apply for the loan and you can get the disbursal within 30 minutes provided the gold that you wish to pledge and the documents that are submitted are in order. You can apply for the loan online or offline. To compare and get the best deals from all bank spread across the country, apply through Dialabank’s digital platform for your gold loan.

Q. What is Gold Loan in AU Small Finance Bank?

AU Small Finance Bank gives the loan against Gold facility to any individual in need urgent funds for any personal or business purpose. The bank offers loans of even high amounts and competitive rate of interests for a tenure of your choosing. The bank also gives loans to NBFCs and Housing Financial Institutions, provided they use the funds for onward lending.

Q. How to get AU Small Finance Bank Gold Loan?

Getting a loan is a simple and easy process. Anyone above 18 and below 70 years of age can apply for this loan provided they have some gold. You can apply for the loan online or offline and then get your gold and documents verified, and then agree on the terms and the offer made by the banker to get quick disbursal of funds in your bank account.

Q. How to check AU Small Finance Bank Gold Loan status?

Checking your loan application status can be done by visiting the branch and contacting the loan officer in charge of your file or call on the customer care number.

Q. How to close AU Small Finance Bank Gold Loan?

Closing of loan can be done by making monthly payments or on the basis of servicing interest from your savings zero balance account opened at the time of sanction. You can also make part payments but the closure will be done once the bank realises the total amount. The bank also gives you the option of foreclosure without any charge if it is done after completion of half tenure.
 

Q. How to renew AU Small Finance Bank Gold Loan?

Renewal of the Gold Loan by AU Small Finance Bank can be done by visiting the bank branch with all your documents related to the gold loan, getting the gold kept as security released and revalued based on the market prices and agreeing on the new terms formed. You can also avail the top-up facility provided by the bank at the time of the approval.

Q. What happens if someone defaults AU Small Finance Bank Gold Loan?

If someone defaults the repayment schedule of the loan payment, the bank charges an late payment charge of 24% per annum and auctions off the gold in case of continuous defaults.

Q. How many branches of AU Small Finance Bank Gold Loan?

AU Small Finance Bank’s distribution network comprises 396 branches spread contiguously across 11 states in North, West & Central India with over 1.1 million customers.

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