ESAF 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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    ESAF Small Finance Bank Gold Loan Documents Required

    Features of ESAF Small Finance Bank Gold Loan ESAF Small Finance Bank Gold Loan Documents Required

    ESAF Bank Easy Gold Loan is a loan against gold jewellery that might help you meet your financial obligations. You can get an ESAF Bank Easy Gold loan if you need money for a variety of reasons, including child education, business expansion, down payment on a home or car, medical emergencies, agricultural necessities, and so on.

    • Loan Amount – Up to Rs. 1 Crore (With Income Proof)
    • ESAF Small Finance Bank Gold Loan Interest Rate – 7% per annum
    • ESAF Small Finance Bank Gold Loan Rate Per Gram – Rate Per Gram is ₹ 3,506 to ₹ 4,621
    • Processing Fee – 0.85% 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

    ESAF 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

    ESAF Small Finance Bank Gold Loan EMI Calculator

    To use Dialabank’s Gold Loan EMI Calculator, you’ll need to enter the following information:

    • The interest rate that the lender is willing to offer.
    • Principal of a gold loan.
    • The convenient repayment period

    Following submission of these details, the EMI calculator will provide fast results by calculating the monthly instalments to be paid by the borrower (based on current gold prices). Other EMI calculators, such as Personal loan EMI calculator, EMI calculator, Car loan, Home loan calculator, and so on, can use similar data.

    ESAF Small Finance Bank Gold Loan Documents Required

    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

    ESAF Small Finance Bank Gold Loan Documents Required – FAQs

    Which bank is best for a loan against gold?

    SBI is noted for having a low gold loan interest rate of 7.50 per cent for a maximum loan period of 36 months.

    Is a gold loan better than a personal loan?

    If a borrower repays the loan in a shorter period of time, a gold loan may be a better option than a personal loan. These are also recognised for having a reduced rate of interest. A personal loan, on the other hand, is favoured by borrowers due to its longer-term and bigger loan amount. Borrowers can select between the two options according to their specific requirements and financial demands.

    How can I get a loan against gold?

    It is simple to obtain a gold loan from a bank, either online or offline if such services are offered. The official website of the bank or lending institution can be used to submit an online application.