Fincare Small Finance Bank Gold Loan

Fincare Small Finance Bank Gold Loan Key Features – Apply Now

About Fincare Small Finance Bank Gold Loan

Fincare Small Finance Bank was earlier known as Disha Microfin Limited about 25 operational branches across India states of Gujarat, Tamil Nadu, Karnataka, and Andhra Pradesh. Besides that, the Founder and CEO of Fincare are Rajeev Yadav The bank was given the Fincare small finance bank (SFB) license from the Reserve Bank of India (RBI).

Besides that many customers, today want to apply for Gold Loans to meet various money needs, like necessary funds, paying for wedding costs, or any other financial help they might need.  Finance Small Finance provides Gold Loan to its customers with low-interest rates when you apply through Dialabank. Fill the form and get an instant loan.

• Fincare Small Finance Bank Gold Loan Interest Rate is 5.88% per annum
• Fincare Small Finance Bank Gold Loan Rate Per Gram Rate is ₹ 2,900 to ₹ 3,450
• Fincare Small Finance Bank Gold Loan Tenure: Up to 24 months
• Fincare Small Finance Bank Gold Loan Processing Fee is Up to 1.0% of the Loan Amount + GST

Different forms of Gold Accepted for Fincare Small Finance Bank Gold Loan

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

Acceptable Purity of Gold – 18 Carat to 22 Carat.

Fincare Small Finance Bank Gold Loan Advantages

• Availability: First and foremost, Loan against gold is a secured service, therefore the processing of the Gold Loan is quick as the bank is mostly concerned with the quality and weight of the gold.
• Low Rate of Interest: In contrast to services like personal loans, the gold loan has the least Gold Loan Interest Rate as banks keep security against the loan.
• Negligible foreclosure charges: Generally, banks do not have any prepayment charges but some banks can charge a penalty of just 1%.
• Safety of Ornaments: Furthermore, The ornaments are more secure with the banks due to the strict security In the banking institutions which is quite less at homes.
• No qualification of Credit Score: As the bank’s Gold Loan is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
• Income-proof not required: Moreover, The salary of an applicant is not an issue for availing of a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
• No loan processing charges: Another advantage, the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.
• Foreclosure: Fincare Small Finance Bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan per gram Foreclosure.

Fincare Small Finance Bank Benefits

• The Gold Loan comes with flexible and medium-term tenure that allows you to repay the loan quickly.
• The bank has a low interest rate starting at 7.0% which makes the repayment amount smaller than unsecured loans.
• Minimum documents required
• Disbursal assured on the same day as Gold loan approval. The Gold loan can be given in just a few hours.

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

Gold Loan is available at low-interest rates, the reason being that the loan against gold is a fully secured loan.

Why Choose Fincare Small Finance Bank Gold Loan?

There are many benefits when it comes to Fincare Small Finance Bank Gold Loan:

1. The loan is sanctioned and disbursed in record time.
2. It requires only the basic KYC documents.
3. Unlike any other loan, it does not require income proof.
4. The bank allows you to repay in many options other than EMIs.
5. The loan amount can go up to as high as 25 lakhs.
6. The gold loan interest rates are very low.

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

According to the latest gold prices, Fincare Small Finance Bank is offering a Gold loan per gram rate at ₹ 2,900 to ₹ 3,450. The highest Fincare Small Finance Bank gold loan rate per gram today is ₹ 5,121 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.

Fincare Small Finance Bank Gold Loan Per Gram 

Fincare Small Finance Bank Gold Loan Eligibility

Fincare Small Finance Bank Gold Loan At Home

Gold Loan at House is a doorstep loan service that allows you to borrow money from the convenience of your own home. The service is rapid, flexible, and cost-effective because interest rates are low. You can use the gold loan calculator to assess the value of your gold or the loan amount before completing a loan request. Obtaining a Gold Loan at home is an easy and quick process that can be done in a matter of minutes.

Within 30 minutes, one of our employees will contact you and arrive at your home. When all e-documentation and gold identification are completed at your residence, the appropriate gold loan amount will be sent directly to your bank account.

Furthermore, there are many benefits of Fincare Small Finance Bank Gold Loan at Home: 

• Fast loan approval
• Lower interest rates
• Maximum value of gold
• Flexible repay tenures
• Easy payment options
• No additional charges
• 24*7 customer support
• Full security of the gold 
• No hidden fees
• Service at your doorstep within 30 minutes

Fincare Small Finance Bank Gold Loan Documentation

Fincare Small Finance Bank Gold Loan Process

• The Fincare Small Finance Bank gold loan process is quite simple.
• You have to first check if you are eligible, then take the required gold collateral and documents to the bank branch.
• Your gold will be weighed and valued for which the bank might charge you a valuation fee.
• A loan amount will be offered to you on the basis of the market price of your gold.
• Once you accept the offer, the loan amount will be sanctioned and disbursed.

Uses of Fincare Small Finance Bank Gold Loan

The Fincare Small Finance Bank gold loan can be used for various purposes such as funding a wedding, someone’s education, or medical expenses. The loans are disbursed quickly and so can be used for any kind of financial emergencies. Apart from personal expenses, these can also be used for business and agricultural expenses.

Fincare Small Finance Bank Gold Loan Apply Online

1. You can apply for the Fincare Small Finance Bank gold online by visiting the Dialabank website.
2. fill up a form.
3. Click on ‘Apply Now’
4. Our experts will give you a call.
5. This way you can avail yourself of hassle-free and personalized assistance.
6. Our contact number is 9878981144.

Fincare Small Finance Bank Agricultural Jewel Loan Scheme

Benefits of Fincare Small Finance Bank Agricultural Jewel Loan Scheme

• No processing fee is required for up to ₹ 25,000.
• 0.30% of the total loan amount, ₹ 300 down payment applies to amounts ranging from ₹ 25,000.
• 0.28% of total debt, subject to at least Rs.1500 applies to more than Rs.5 lakh yet less than Rs.1 crore.

Fincare Small Finance Bank Gold Loan Overdraft Scheme

Fincare Small Finance Bank offers an Overdraft Scheme. With this, the loan amount is provided as an overdraft facility. It functions as a Credit Card, where you can spend your Gold Loan Amount as per your wishes, anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Fincare Small Finance Bank Gold Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

FAQ About Fincare Small Finance Bank Gold Loan

✅ What is Fincare Small Finance Bank Gold Loan?

Fincare Small Finance Bank gold Loan is given with Gold pledged as security with the bank is. Fincare Small Finance Bank provides these loans at a competitive rate of interest for a tenure of a maximum of 24 months for a maximum amount of ₹25 lacs. The bank gives convenient repayment options with the facility of renewal.

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

To get a Fincare Small Finance Bank Gold Loan you will have to visit the nearest branch with your gold or apply online through the application form on the bank’s official website. Once your gold has been valued and your documents verified the loan amount is disbursed within hours.

You can also apply online through the Dialabank website and call us at 9878981144 for trustworthy assistance.

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

The Fincare Small Finance Bank Gold Loan Per Gram Rate varies daily and you will have to contact the customer care executive for the same. The bank gives gold loans at a rate of ₹ 2,900 to ₹ 3,450 per gram.

✅ How Does Fincare Small Finance Bank Gold Loan work?

Taking a Fincare Small Finance Bank gold loan is easy and hassle-free. You just need to be in possession of the gold. The bank doesn’t require any income proof or a good credit score. You can apply online or offline and based on the purity and the quantity of your gold the loan will be sanctioned.

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

The Fincare Small Finance Bank gold loan rate of interest charged is lower than that charged on other loans as it is fully secured. Fincare Small Finance Bank charges 5.88% per annum depending upon the amount and the quality of the gold, as well as your income.

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

You can easily check your Fincare Small Finance Bank Gold Loan status by visiting the branch and contacting your loan officer or call on the customer care number of the bank.

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

Fincare Small Finance Bank gold loan Interest is a monthly charge that a bank charges you for its loan availing service. It is the difference between the loan principal and the final loan amount.

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

Fincare Small Finance Bank god loan allows applicants to avail of loan amounts ranging from as low as Rs. 5000 up to Rs. 25 lakhs. However, the amount you are allowed to avail of always varies on the basis of your income and collateral value.

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

The maximum Fincare Small Finance Bank gold loan tenure of the bullet repayment is as short is 9 months. You should always choose a tenure that helps you avoid unpaid loans and makes your repayment easier.

The maximum tenure can go up to 24 months, depending on the loan amount

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

The processing fee for a Fincare Small Finance Bank gold loan is a mere 1% of the outstanding loan amount you have to pay.

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

The Fincare Small Finance Bank gold loan can be prepaid or foreclosed by the borrower without paying any extra fee.

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

Renewal of the Fincare Small Finance Bank Gold Loan can be done by visiting the bank branch and contacting your loan officer to start the process. You may be asked to write a requesting letter for the renewal of your Fincare Small Finance Bank Gold Loan.

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

The Fincare Small Finance Bank gold loan interest can easily be paid online. To know more about this, you can visit the web portal of the bank or contact customer care.

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

If someone defaults on the Fincare Small Finance Bank Gold Loan repayment, the bank has full rights to sell the gold ornaments that were kept as security to recover the loan amount. The default is also reflected in your credit report and will make it difficult for you to avail of a loan in the future.

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

You can apply for a Fincare Small Finance Bank gold loan EMI Moratorium until 5 days before the EMI payment date. To start the process, you can give the bank your loan details on its website or by visiting the bank personally. This EMI moratorium frees you from repayment for a while.

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

You cannot repay a Fincare Small Finance bank gold loan using a credit card. A debit card, cash, cheque, demand draft, or online payment apps like Paytm can be used for the same.

✅ What is the Overdraft Scheme for Fincare Small Finance Bank Gold Loan?

Fincare Small Finance Bank does provide an Overdraft Scheme and the overall loan amount will have a Credit/Loan Limit. In the Fincare Small Finance Bank Gold Loan Overdraft facility, the bank charges interest only on the amount that you will withdraw/utilize.

✅ What is the Fincare Small Finance Bank Gold Loan closure procedure?

Once the loan is paid, the bank will close your gold loan immediately.

✅ What is the Fincare Small Finance Bank customer care number?

The customer care number for Fincare Small Finance Bank is 9878981144.

✅ What is Fincare Small Finance Bank Gold Loan Preclosure charges?

The bank decides the preclosure charges from time to time. 

✅ What is the maximum gold loan tenure?

The maximum gold loan tenure for Fincare Small Finance Bank is up to 24 months

✅ What is the minimum gold loan tenure?

The minimum gold loan tenure of Fincare Small Finance Bank is 12 months

✅ What are the foreclosure charges of the Fincare Small Finance Bank Gold Loan?

The bank decides the foreclosure charges from time to time.

Other Major Gold Loan Providers