AU Small Finance Bank Gold Loan

Gold Rate: ₹ 5,121 Per Gram

⍟ Interest Rate 7.0% p.a. ⍟

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Unlock the Real Value of your Gold
Lowest Rate of Interest
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

AU Small Finance Bank Gold Loan Key Features

Loan Amount
Up to 15 Lakhs
AU Small Finance BankGold Loan Interest Rate 7.0% per annum
AU Small Finance Bank Gold Loan Per Gram
Rate Per Gram Today is ₹ 5,121
Processing Fee
1%
Prepayment Charges
NIL
Repayment Tenure
12 months
Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

Each Feature Explained in Detail Below

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 understands the needs of the customers and disburses 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 the 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 Benefits

There are many benefits when it comes to AU Small Finance bank Gold loan:

  • Au Small Finance Bank gold loan is disbursed in 5 minutes.
  • It charges interest rates as low as 7.0%.
  • The Bank ensures complete safety of your jewelry
  • You have affordable repayment options
  • Repayment is also flexible
  • You don’t require a third party of the gold loan
  • Basic eligibility
  • The loan does not depend on credit history
  • No income proof requirement

Read More – About Gold Loan

How Much Gold Loan Can I Get Through AU Small Finance Gold Loan

As per the ultra-modern riches prices, AU Small Finance Gold Bank affords a gold loan through thorp regarding ₹ 5,121. THE highest AU Small Finance Bank riches mortgage dimension per village lately is ₹ 5,121 for 22-carat jewelry considered at the most LTV concerning 75% then average gold loan expenditures of remaining 30 days of 2020 is ₹ 5,121 regarding 22 carat

AU Small Finance Gold Loan Per Gram

Updated - Gold Loan Per Gram Rate w.e.f 1 Oct 2020

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold Purity
18 Carat
1 gram 4680 4290 3900 3510
10 gram 46800 42900 39000 35100
20 gram 93600 85800 78000 70200
30 gram 140400 128700 117000 105300
40 gram 187200 171600 156000 140400
50 gram 234000 214500 195000 175500
100 gram 468000 429000 390000 351000
200 gram 936000 858000 780000 702000
300 gram 1404000 1287000 1170000 1053000
400 gram 1872000 1716000 1560000 1404000
500 gram 2340000 2145000 1950000 1755000

Uses of AU Small Finance Bank Gold Loan

AU Small Finance Bank Gold Loan

  1. A gold loan can be used for almost any purpose
  2. People use it for personal purposes such as a wedding, medical emergency, or education
  3. People use it for business expansions and buying of capital
  4. Banks offer special offers for a gold loan if availed for agricultural purposes.

Who can get AU Small Finance Bank Gold Loan?

  1. Any employed individual (whether salaried or self-employed)
  2. Housewives
  3. Students who are not minors
  4. The population involved in the agricultural sector
 

Form of Gold Accepted for AU Small Finance Bank Gold Loan

AU Small Finance Bank accepts all forms of gold jewelry between 18 to 22 carats such as rings, anklets, bracelets, necklaces, etc. You have to give a minimum of 10 grams of jewelry as collateral. Note that the jewelry’s weight should be calculated only by the weight of the gold and not the stones in it.

Banks don’t accept gold bars or raw gold. However, they accept minted coins up to 50 grams

Documentation Required for AU Small Finance Bank Gold Loan

Photographs 2 Passport Size
Identity Proof
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Residence Proof
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
Agricultural Land Proof
Required only if the Loan is taken for Agricultural Purpose

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

AU Small Finance Bank Gold Loan Eligibility

Age 18-70 years of age
Nationality Indian
Employment Status
Salaried, Self-Employed
Gold Quality, Quantity
Minimum 18 Carats, minimum 10 grams
Requirements
Gold ornaments (18-22 carats)
CIBIL score Above 500

AU Small Finance Bank Gold Loan Interest Rates

Gold Loan Rate 7% per annum
Repayment Scheme
Bullet Repayment Scheme, Overdraft Scheme
Prepayment Charges
Nil if closed after completion of half tenure. 1% if closed before completion of half tenure
Service Charges variable
Document Charges variable
Gold Valuation Charges variable
Processing Fee 1%

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

AU Small Finance Bank Gold Loan EMI Calculator

Rate of Interest
6 months 1 Yr 2 Yrs 3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

How to apply for AU Small Finance Bank Gold Loan?

  1. Visit Dialabank
  2. Fill a simple application form providing basic information.
  3. Get a call back with all the assistance and guidance.
  4. Get immediate responses to all your queries.

FAQs About AU Small Finance Bank Gold Loan

✅ What is AU Small Finance Bank Gold Loan?

AU Small Finance Bank Gold loan is a facility given to any individual in need of urgent funds for any personal or business purpose. The bank offers loans of even high amounts and a competitive rate of interest 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.

✅ How Can I Get Gold Loan From AU Small Finance Bank?

You can easily get a gold loan from the AU small finance bank by taking your gold jewellery to the bank branch. However, you can save any hassle by applying online through Dialabank.com. You can dial up the number 9878981144 for the best assistance.

✅How much Gold Loan Can I get per gram from AU Small Finance Bank?

The AU Small Finance Bank 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 70% funding of the total market value of the gold. AU Small Finance Bank Gold Loan Rate Per Gram is Rs.5,121.

✅ How Does AU Small Finance Bank Gold Loan work?

The working of AU Small Finance Bank gold 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.

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

AU Small Finance Bank Gold loan interest rates are attractive & competitive based on the prevalent market situation. The rate of interest charged also depends upon the amount that you have to take. The interest rate starts at 7.0% if you have an unstable income or a low CIBIL score.

✅ How to check gold loan status in AU Small Finance Bank?

Checking your AU Small Finance Bank gold loan application status can be done very easily by visiting the branch and contacting the loan officer in charge of your file or calling on the customer care number.

✅ How to calculate gold loan interest in the AU Small Finance Bank?

The AU Small Finance Bank gold loan interest can be calculated by this formula:

Loan amount – loan principal

✅What is the maximum gold loan amount I can avail of on a gold loan from AU Small Finance Bank?

You can avail of a maximum AU Small Finance Bank gold loan amount of Rs. 15 lakhs. The amount you can apply for in a gold loan can be a maximum of 70% of the value of your gold collateral.

✅ What is the loan tenure of the AU Small Finance Bank gold loan?

The maximum AU Small Finance Bank gold loan tenure is 1 year. Since a gold loan is quick in its disbursal, it is also quick in its repayment. The borrowers also have the option to renew their loan after the completion of the tenure.

✅How much processing fee is applicable to the AU Small Finance Bank Gold loan?

The AU Small Finance Bank gold loan processing fee is 1% of the loan amount. The borrowers might also have to pay documentation and stamp charges apart from the processing fee. All these charges are directly deducted from the sanctioned loan amount.

✅ What are the charges for pre-payment in the AU Small Finance Bank gold loan?

Prepayment is the process of repaying a gold loan before the tenure ends. If the borrowers repay the loan amount after the completion of half a tenure, AU Small Finance bank does not charge any prepayment fee. However, if the borrower repays the entire loan before the completion of half a tenure, a fee of 1% of the loan amount will be applicable.

✅How to renew AU Small Finance Bank Gold Loan online?

Renewal of the AU Small Finance Bank Gold loan 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 of the top-up facility provided by the bank at the time of the approval.

To renew online, visit the online portal of the bank.

✅ How to pay AU Small Finance Bank Gold loan interest online?

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

✅What if I can’t pay the interest on the AU Small Finance Bank Gold loan for 3 months?

If someone defaults on the repayment schedule of the AU Small Finance Bank gold loan payment for 3 months, the bank charges an late payment charge of 24% per annum and sells the gold collateral to recover its lost debt. The CIBIL score of the borrower is ruined.

✅How can I apply for the EMI moratorium on the AU Small Finance Bank Gold loan?

An AU Small Finance Bank gold loan EMI moratorium can be applied for until a minimum of 5 days before the EMI payment date. Apply for it by visiting the bank branch in person or online through the bank portal. EMI Moratorium is very beneficial if you are not in a position to start repaying your gold loan

✅How to pay the AU Small Finance Bank Gold loan through credit card?

AU Small Finance Bank Gold loan cannot be repaid through a credit card but can be repaid through a debit card, cash, chequebook, demand drafts, or net banking. PayTM also provides the option to repay a gold loan.

 
Other Major Gold Loan Providers
 

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