ESAF 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

ESAF Small Finance Bank Key Features

Loan Amount
Up to Rs. 1 Crore (With Income Proof)
ESAF Small Finance Bank Gold Loan Interest Rate 7.0% per annum
ESAF Small Finance Bank Gold Loan Rate Per Gram
Rate Per Gram is ₹ 5,340
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

Each Feature Explained in Detail Below


Advantages of ESAF Small Finance Bank Gold Loan

  • ESAF Small Finance Bank Gold LoanThe loan against gold comes with flexible and medium-term tenure that allows you to repay the loan quickly.
  • The Bank has a low-interest rate starting from 10.50% to 13.50%, which makes the repayment amount smaller than unsecured loans.
  • Minimum documentation required, such as identity proof, address proof, and documents such as salary slips, bank statements, IT return etc. is not needed.
  • All financial institutions do not charge a pre-payment penalty, and some may exempt these charges.
  • Disbursal assured the same day of Gold loan approval. The Gold loan can be given in just a few hours.

How Much Can Gold Loan can I Avail Through ESAF Small Finance Bank?

According to the latest gold prices, ESAF Small Finance Bank is offering gold loans per gram varying between ₹ 3,510 to ₹ 5,340. The Highest ESAF Small Finance Bank gold loan rate per gram today is ₹ 5,340 for 24-carat jewelry calculated at a maximum LTV of 75% and average gold loan prices of the last 30 days in 2020 are ₹ 5,163 of 22 carats.

ESAF Small Finance Bank 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
gold loan at 7%

About ESAF Small Finance Bank Gold Loan

ESAF bank is a small finance bank, Located in Thrissur, India. ESAF was providing services and small loans to the underbanked before the Bank was a non-banking finance company and micro-finance institution. The Bank was established on 10 March 2017. The Bank has 400 branches in India.

The Bank has designed appropriate loan products that meet the needs of the customers. Bank understands that financial support is inevitable for the holistic development of society. With social upliftment as the prime focus area, ESAF loan products are designed to cater to a multitude of customer segments.

  • ESAF Small Finance Bank Gold Loan Interest Rate is 7.0% per annum
  • ESAF Small Finance Bank Gold Loan Per Gram Rate is ₹ 5,340
  • ESAF Small Finance Bank Gold Loan Tenure: Up to 36 months
  • ESAF Small Finance Bank Gold Loan Processing Fee is Up to 0.85% of the Loan Amount + GST

ESAF Small Finance Bank Gold Loan Eligibility

The essential eligibility requirements to avail a loan against gold in ESAF Small Finance Bank are as follows:

Age 18-75 years
Requirements
Gold ornaments (18-22 carats)
CIBIL score Above 500
Nationality Indian

ESAF Small Finance Bank Gold Loan Documents Required

The documents required to avail an ESAF Finance Bank loan against gold are as follows:

Identity Proof
Aadhar Card/Pan Card/ Passport/ Voter ID (Any one)
Residence Proof
Aadhar Card /Pan Card/ Ration Card/ Utility Bills on the name of the applicant/ Rental Agreement of applicant/ Voter ID card (Any one)
Agriculture Proof ( if applicable)
Agriculture Land Ownership Proof
Photographs
2 Passport sized coloured

ESAF Small Finance Bank Gold Loan Interest Rates, Fees and Charges

Gold Loan Rate Per Gram
7.0% P.A.
Processing Fee
0.85% of the loan amount
Loan to Gold value
Up to 75%
Pre-payment Charges
0- 2%

gold loan at 7%


Types of ESAF Small Finance Bank Gold Loan

ESAF Small Finance Bank offers various schemes attached to the Gold Loan product, which are listed below:

  • Loan Against Gold – ESAF Small Finance Bank provides Gold Loan at attractive and lowest rates of interest to fulfil anyone’s dire need of funds.
  • Loan Against Gold for Agriculture – For agriculture purpose to farmers, the Bank offers deals at a special rate of interest as compared to gold loans for other uses.

ESAF Small Finance Bank Gold Loan Apply Online

  • Just visit DialaBank’s website and fill the form online.
  • Request a Quote.
  • Our relationship manager will contact you soon to guide you further on the loan process.

ESAF Small Finance Bank 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

gold loan at 7%

ESAF Small Finance Bank Gold Loan Contact Number

Call 9878981144 and for instant help and approval for your ESAF Small Finance Bank Gold Loan.

Gold Ornaments Accepted by ESAF Small Finance Bank 

  • Gold Bangles
  • Gold rings
  • Gold anklets
  • Gold necklace
  • Any Other Form of Gold Ornament

The purity of Gold Required- 18 Carat to 22 Carat

Use of ESAF Small Finance Bank Gold Loan

The funds acquired by availing the ESAF Small Finance Bank Gold Loan can be used for multiple purposes such as:

  • To finance personal expenses like a wedding, abroad travel, payment of higher education fees, etc.
  • For all kinds of business needs such as buying raw material, expansion of business, etc.
    gold loan at 7%

FAQs About ESAF Small Finance Bank

What is the ESAF Small Finance Bank Gold Loan?

ESAF Small Finance Bank provides loan against gold service for the fulfilment of your medical expenses or your business expenses. You can also avail the service for agriculture purpose. It offers the loan at competitive interest rates for a short term. They also provide secure repayment options for the closure of loan.

How can I get a Gold Loan from ESAF Bank?

You can avail Gold Loan from the ESAF Bank is a hassle-free and straightforward process:

  • Fill in your vital information in the form available on Dialabank.
  • Our trained Relationship Manager will get in touch with you within 30 minutes.
  • We will suggest you the loan according to your requirements, in your specific city.
  • Visit the assigned branch of the Bank.
  • Get the loan sanctioned in merely thirty minutes.

How much Gold Loan can I get per gram in ESAF Small Finance Bank?

The Bank provides about 65-70% funding of the total market price of your gold based on the quality of your gold and its market price, the standard price offered is Rs 5,340 per gram of gold.

How does ESAF Bank Gold Loan work?

The ESAF Bank Gold Loan is a secure credit availing service available for those who have urgent cash requirements and can pledge gold ornaments as collateral security. Once the gold pledged with the Bank is valued, the Bank processes the loan amount in your indicated account immediately. Various repayment options are available for repaying the loan.

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

ESAF Small Finance Bank charges a different rate of interest based upon the amount of the loan to be borrowed and the purpose of the loan. The Bank charges a 7.0% rate of interest for the agriculture sector and comparatively higher from the non-priority industry.

How to check ESAF Small Finance Bank Gold Loan status?

Checking the status of your Gold Loan application is not required as the Bank gives disbursal within hours of the approval of the application. For more details, contact the officer in charge of the branch.

 How to calculate Gold Loan Interest in ESAF Bank?

You can easily calculate the gold loan interest rate in ESAF Bank by subtracting the principal amount from the total sum to be paid.

What is the maximum loan amount I can avail on Gold Loan from ESAF Bank?

You can get a maximum amount of Rs 1 crore on an ESAF Bank Gold Loan as the Bank offers around 75% of the gold ornaments’ market value.

What is the loan tenure of ESAF Bank Gold Loan?

The maximum tenure of your ESAF Bank Bank Gold Loan is up to 36 months. However, you’ll be required to renew your loan plan after a year.

How much is Processing Fee applicable on ESAF Bank Gold Loan?

A processing fee of up to 0.85% of the loan amount is charged.

How to renew ESAF Small Finance Bank Gold Loan?

If you wish to renew your Gold Loan from ESAF Small Finance Bank, all you need to do is visit the branch with your documents and apply for a renewal. Your gold will be revalued, and new loan terms will be decided. After you pay a minimal renewal fee, your loan will be renewed for a new tenure.

What are the charges for renewal in ESAF Bank Gold Loan?

Bank charges approximately Rs. 250- Rs. 500 for renewal of the gold loan.

What are the charges for Pre-payment in ESAF Bank Gold Loan?

ESAF Bank charges nothing for the pre-payment of the gold loan.

How to pay ESAF Small Finance Bank Gold Loan Interest online?

ESAF Small Finance Bank offers various convenient methods for the repayment of your Gold Loan. To get more details, visit the nearest branch or call on the toll-free customer care number.

What if I can’t pay the interest on ESAF Bank Gold Loan for three months?

If someone defaults on the payments of ESAF Bank Gold Loan interest for three months, a penalty fee is charged on the total amount due. In the case of repeated defaults, the Bank will have the authority to auction your gold ornaments to recover the amount publicly.

How can I apply for EMI Moratorium on ESAF Bank Gold Loan?

You can apply for the ESAF Bank Gold loan moratorium online by logging in with your credentials or by personally visiting the main branch. The moratorium request has to be submitted at least five working days before the due date of your EMI.

How to pay ESAF Bank Gold loan through credit card?

As per RBI Guidelines, ESAF Bank Gold loan cannot be repaid via credit cards. Other payments modes such as net banking, debits cards, cheques, DDs can be used for loan repayment.

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