Fincare 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

Fincare Small Finance Bank Gold Loan Key Features

Loan Amount
Up to Rs. 1 Crore (With Income Proof)
Fincare Small Finance Bank Gold Loan Interest Rate 7.0% per annum
Fincare Small Finance Bank Gold Loan Rate Per Gram
Rate Per Gram is ₹ 5,121
Processing Fee
1.0% of the Principal Loan Amount
Prepayment Charges
2%+GST (Within 3 Months), 0 (After 3 months)
Repayment Tenure
Up to 24 Months
Repayment Scheme
Bullet Payment Scheme, Overdraft Scheme

 

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 7.0% per annum
  • Fincare Small Finance Bank Gold Loan Rate Per Gram Rate is ₹ 5,121
  • 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 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 gold loan is a fully secured loan.

Fincare Small Finance Bank Gold Loan Interest Rate 7.0% per annum
Processing Fee
1.0% 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

Why Choose Fincare Small Finance Bank Gold Loan?
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 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 gold loans per gram at Rs 5121. 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 2020 are ₹ 5,121 of 22 carats.

Fincare Small Finance Bank Gold Loan Per Gram

Updated - Gold Loan Per Gram Rate w.e.f 1 Nov 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

Fincare Small Finance Bank Gold Loan Eligibility

Age 18-70 years of age
Nationality Indian
Employment Status Salaried, Self-Employed
Gold Quality, Weight Minimum 18 Carats, 10 grams
Requirements
Gold ornaments (18-22 carats)
CIBIL score Above 500

Fincare Small Finance Bank Gold Loan Documentation

Photographs 2 Passport Size
Identity Proof
Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Residence Proof
Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)
Agricultural Land Proof
Required only if the Loan is taken for Agricultural Purpose

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 require gold collateral and documents to the bank branch.
  • You 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.
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

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 of hassle-free and personalized assistance.
  6. Our contact number is 9878981144.

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 rate per gram of gold varies daily and you will have to contact the customer care executive for the same. The bank gives gold loans at a rate of Rs 5,121 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 7.0% 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 which 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 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 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.

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