Compare Gold Loan Rates & Apply Now

  • ⍟ Loan at Home Available
  • ⍟ Loan in 1 Visit Only (Max 3-5 Mins Near Your Home)
  • ⍟ Lowest Interest Rate of 0.49% p.m.
  • ⍟ Highest Rate Per Gram ₹ 3,421
  • ⍟ No Melting of Your Gold
  • ⍟ 100% Safety of Your Gold (Kept in Bank Locker)
Apply Now
gold_image

Equitas Small Finance Bank Gold Loan

Equitas Small Finance Bank Gold Loan Key Features

Loan Amount Up to Rs. 1 Crore (With Income Proof)
Equitas Small Finance Bank Gold Loan Interest Rate 5.88% per annum

Equitas Small Finance Bank Gold Loan Rate Per Gram

Rate Per Gram is ₹ 2,900 to ₹ 3,450

Processing Fee

Up to 2% of the Principal Loan Amount

Prepayment Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Repayment Tenure

Up to 36 Months

Repayment Scheme

Bullet Payment Scheme, Overdraft Scheme

About Equitas Small Finance Bank Gold Loan

Equitas Small Finance Bank offers loan against gold at very low-interest rates. Equitas Small Finance Bank is one of the significant gold loan providers. The bank understands the needs of the customers and disburses the loan amount in about one hour. The pledged gold is locked safely in the vault, and the borrower does not have to worry about its safety.

The ongoing market rate of the gold and all the charges included in the process are kept on the table with full transparency before the loan approval is done to the applicant. This makes the value of authenticity and keeps the borrower out of the fear and shadow of any hidden charges.

Gold loan is a type of loan which includes the gold of the borrower kept as a gage by the bank. Gold Loan resides from the family of Secured Loan. The safety of the borrower’s loan lies with the bank entirely.

  • Equitas Small Finance Bank Gold Loan Interest Rate is 5.88% per annum
  • Equitas Small Finance Bank Gold Loan Per Gram Rate is ₹ 2,900 to ₹ 3,450
  • Equitas Small Finance Bank Gold Loan Tenure: Up to 36 months
  • Equitas Small Finance Bank Gold Loan Processing Fee is Up to 2.0% of the Loan Amount + GST

Equitas Small Finance Bank Gold Loan Interest Rate, Fees and Charges

Equitas Small Finance Bank Gold Loan Interest Rate 5.88% per annum
Processing Fee
2.0% of the Principal Loan Amount
Prepayment/Foreclosure Charges
2%+GST (Within 3 Months), 0 (After 3 months)
Valuation Fee
Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
Late Repayment Charges
2% p.a. + Applicable rate of interest.
Renewal Processing Fees
Rs 350 + GST

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

How Much Gold Loan Can I Get Through Equitas Small Finance Bank Gold Loan

According to the latest gold prices, Equitas Small Finance Bank is offering gold loans per gram varying between ₹ 2,900 to ₹ 3,450. Highest Equitas Small Finance Bank gold loan rate per gram today is ₹ 2,900 to ₹ 3,450 for 24-carat jewelry calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2021 are ₹ 2,900 to ₹ 3,450 of 22 carats.

Equitas Small Finance Bank Gold Loan Rates/ Gram
Weight Loan on 18Cr gold Loan on 20Cr gold Loan on 22Cr gold Loan on 24Cr Gold
1 gm 2450 2732 3015 3297
10 gms 24500 27320 30150 32970
20 gms 49000 54640 60300 65940
30 gms 73500 81960 90450 98910
50 gms 122500 136600 150750 164850
100 gms 245000 273200 301500 329700
200 gms 490000 546400 603000 659400
300 gms 735000 819600 904500 989100
500 gms 1225000 1366000 1507500 1648500

Equitas Small Finance Bank Gold Loan Features

  1. Equitas Small Finance Bank India gold loan is straightforward to apply. One can apply for the gold loan online within a few minutes.
  2. If a borrower is eligible, Equitas Small Finance Bank Gold 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.

Uses of Equitas Small Finance Bank Gold Loan

Equitas Small Finance Bank Gold Loan

The borrower can use the amount of loan for any personal use. The following are some fundamental reasons given for which one can get the gold loan.

  1. Most people use the gold loan for 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 of a 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.

Documents Required for Equitas 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

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

Equitas Small Finance Bank Gold Loan Eligibility

Age 21-65 years of age
Nationality Indian
Employment Status Salaried, Self-Employed
Gold Quality Minimum 18 Carats
Requirements Gold ornaments (18-22 carats)
CIBIL score Above 500
Source of Income stable – salaried or self-employed

Know More – Gold Loan Per Gram

Form of Gold Loan Accepted for Equitas Small Finance Bank Gold Loan

  1. Any jewelry with the quality of 18 karats to 22 carats is acceptable.
  2. Gold coins weighing less than 50 grams can get a gold loan.
  3. Bank does not accept minted/forged gold coins.
  4. Bars and bricks are not acceptable.
  5. Raw gold is not acceptable.

Who can get Equitas 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

How to apply?

  • Visit Dialabank.
  • Fill the Gold Loan Form
  • Wait for our relationship manager to contact you.

Equitas 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

FAQs About Equitas Small Finance Bank Gold Loan

✅ What is Equitas Small Finance Bank Gold Loan?

Equitas Small Finance Bank gold loan is a Loan against Gold kept as security. It is a service offered by the bank to fulfill the borrowers’ urgent requirement of funds. The loan is offered at lower interest rates as compared to other forms of loan as these are fully secured loans and the bank has no risk in lending this amount. Equitas Small Finance Bank gives convenient repayment options with renewal facility.

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

You can get a gold loan from Equitas Small Finance Bank through a simple and hassle-free process. You can apply by visiting the nearest branch and filling a form or by clicking on the Apply Now button on the Dialabank website to apply from the comfort of your own home. For any queries, you may contact us on the number 9878981144.

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

The gold loan per gram customers can get from Equitas Small Finance Bank is ₹ 2,900 to ₹ 3,450. The bank gives about 70% funding of the total market value of your gold.

✅ How Does Equitas Small Finance Bank Gold Loan work?

Equitas Small Finance Bank Gold loan works in a manner that if you are eligible for the loan, all you have to do is submit some documents, fill up some forms and take your gold jewelry weighing a minimum of 10 grams for collateral. Your gold will be valued and your loan will subsequently be approved and sanction.

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

The rate of interest charged by the Equitas Small Finance Bank on the gold loan depends upon the amount of the loan and the prevailing market price of the gold. Equitas Small Finance Bank charges a 5.88% per annum interest per annum.

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

To check the status of your Equitas Small Finance Bank Gold Loan just contact the loan officer in the branch. You can also visit the bank’s official website to do so.

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

The gold loan interest rate in Equitas Small Finance Bank can be calculated by subtracting the principal (loan amount you applied for) from the amount (you have to repay).

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

From the Equitas Small Finance Bank, you can avail of a gold loan up to Rs. 1 crore. This value ranges up to 70% of the value of the jewelry collateral.

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

The loan tenure of the Equitas Small Finance Bank gold loan extends to 36 months. You can avail of the renewal option. Your tenure can reduce if you go for prepayment or foreclosure.

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

The processing fee charged by the Equitas Small Finance Bank for your gold loan sums up to 2% of your outstanding loan amount.

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

The prepayment charges for an Equitas Small Finance Bank gold loan are just 1% of your outstanding loan amount. Prepayment occurs when you pay a part of your loan amount before the tenure ends.

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

Renewal of Equitas Small Finance Bank Gold Loan is a simple and hassle-free process wherein you just need to reach the branch of the bank with all loan-related documents and get the gold kept as security evaluated according to the new prices and accept the new terms for the renewal.

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

You can pay online for your Equitas Small Finance Bank gold loan through the NACH mandate on your account. The bank provides different methods for payment. You can contact your loan officer in the branch for more information.

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

If someone defaults with the repayment of the Gold Loan by Equitas Small Finance Bank, the bank charges a late fee of 36% per annum and also auctions off the gold in case the defaults are continued. You will also be served with a legal notice. Your CIBIL score will decrease.

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

You can apply for an EMI Moratorium on the Equitas Small Finance Bank gold loan if you don’t want to start repaying your loan right away. You can do so through the online portal of the bank or by visiting its branch and providing the bank with your application details. Make sure you do it at least 5 days before the date of your EMI payment.

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

The Reserve bank of India guidelines do not allow a gold loan to be repaid through credit cards, but the same can be done so through debit cards. Apart from this, you can also use cash, cheques, DDs, net banking, PayTM etc.

Other Major Gold Loan Providers

Table of Contents