Equitas 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 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 major gold loan providers. The bank understands needs of the customers and disburse 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 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 gold loan.

Gold loan is a loan in which a borrower can get a loan against gold. Gold loan is a type of secured loan. In the gold loan bank will take borrower’s gold in order to give a loan to the borrower. Bank will deposit a borrower’s gold as a security.  Bank will take the full responsibility of borrower’s gold.

Equitas Small Finance Bank Gold Loan Interest Rate

The rate of interest starts at 11.50% per annum and can go up to 15.50% per annum. Prepayment charges are 1% and the tenure of the loan is from 3 to 36 months.

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

Equitas Small Finance Bank Gold Loan Features

  1. Equitas Small Finance Bank India gold loan is very easy to apply. One can apply for the gold loan online within 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. 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.

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

  1. Age of the applicant must be 21-65 years.
  2. Applicant should have a stable source of income.
  3. Gold of purity should range between 18 karat-22 karat purity.

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.

FAQs About Equitas Small Finance Bank Gold Loan

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

Equitas Small Finance Bank gives about 70% funding of the total market value of your gold. The rate of the gold loan per gram depends upon the quality of the gold to be pledged by the borrower and its market value.

Q. What is Equitas Small Finance Bank Gold Loan?

Equitas Small Finance Bank provides loans at competitive interest rates to individuals for personal as well as business monetary needs. They give loans at a comparatively lower rate of interests for the agriculture sector. They provide easy repayment options and a quick disbursal of the amount on approval.

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

The rate of interest charged by the bank on the loan depends upon the amount of the loan and the prevailing market price of the gold. Equitas Small Finance Bank charges rates from 10.25% to 12% for the agriculture sector and 10.25% to 14% for non-agriculture purpose.

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

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

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

Applying for a gold loan from Equitas Small Finance Bank is a simple and hassle-free process. The bank provides gold loan with minimal documentation and competitive rate of interests. You can apply by visiting the nearest branch and filling a form or click on the Apply Now button on the bank’s official website to apply from the comfort of your own home.

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

Renewal can be done by visiting the bank’s branch and getting your gold revalued and reformation of the terms of the loan. For more information, you can contact the customer care executive or visit the branch.

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

Taking Gold Loan from Equitas Small Finance Bank is a simple and easy process and you just need to own gold and eligible to apply for the loan from this bank. The bank gives you quick disbursal with minimal documentation and the advance received can be used for personal or business use or meeting agricultural expenses.

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

Loan against Gold kept as security is a service offered by Equitas Small Finance Bank to fulfil 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.

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

Getting Gold Loan from Equitas Small Finance Bank is a simple and easy process. Just visit Dialabank’s digital platform to apply for the gold loan and get the best deal according to your needs.

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

To check the status of your Equitas Small Finance Bank Gold Loan just contact the loan officer in the branch. Gold Loan is a financial product with quick disbursal.

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

Equitas Small Finance Bank gives you easy repayment options through Nach as well as physical modes of payment for the closure of your gold loan account.

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

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.

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

If someone defaults with the repayment of the Gold Loan by Equitas Small Finance Bank, the bank charges a late fee of 34% per annum and also auctions off the gold in case the defaults are continued.
How many branches of Equitas Small Finance Bank Gold Loan? Equitas Small Finance Bank has 711 branches in 15 states and union territories of India.

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