Fincare Small Finance Bank Gold Loan

Get Loan in 30 Mins

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

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 Fincare Small Finance Bank Gold Loan

Fincare Small Finance Bank was earlier known as Disha Microfin Limited about 25 operational branches across in India state Gujarat, Tamil Nadu, Karnataka, and Andhra Pradesh. Besides that, 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.  Finacare Small Finance provides Gold Loan to their customers with low-interest rate when you apply through Dialabank. Fill the form and get an instant loan.

Different forms of Gold Aaccepted 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 Features & 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 from 10.70% to 13.50%, 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

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

  • Interest rate – 10.70 %
  • Low processing fee – 0.85%
  • Pre-closer charges range from 0-2 %.

Why Choose Fincare Small Finance Bank Gold Loan?

Fincare Small Finance Bank Gold Loan

  • The bank is very dedicated to its customers
  • High Loan amount
  • Quick processing
  • Bad credit history/ CIBIL score, not an issue
  • Instant Processing and Disbursal.
  • Low interest rate
  • Minimum documentation
  • Flexible repayment options

Fincare Small Finance Bank Gold Loan Eligibility

  • The age of the customer should not be less than 18 years.
  • The applicant should be a citizen of India.
  • The applicant should have gold in an appropriate form.
  • The quality of the gold should be 18 Carat to 22 Carat.

Fincare Small Finance Bank Gold Loan Documentation

  • Identity Proof – Aadhar Card / Voter ID card / PAN Card / Driving License / Passport.
  • Proof of Residence – Aadhar Card / Voter ID card / PAN Card /Driving License / Passport / Ration Card / Electricity / Water bills of last three months with the name of the applicant.
  • Two colored photographs.
  • Land Proof – In the case of Agriculture Loan on gold of more than Rs. 1 lac.

Fincare Small Finance Bank Gold Loan Process

  • The bank checks the purity of the gold.
  • The bank verifies the market rate for gold and the rate of the previous day is take into consideration.
  • The LTV (Loan to Value) set by the RBI is 75%.
  • If you have acknowledged the Gold loan amount and terms, the lender processes the application. The processing fees & other charges are deducted from your Gold loan amount.
  • After signing the agreement, the loan amount is disbursed to your account.

FAQ About Fincare Small Finance Bank Gold Loan

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

The loan rate per gram of gold by Fincare Small Finance Bank varies daily and you will have to contact the customer care executive for the same. The bank gives a Loan to Value of 75%.

Q. What is Fincare Small Finance Bank Gold Loan?

Loan given with Gold pledges as security with the bank is known as Gold Loan. Fincare Small Finance Bank provides these loans at a competitive rate of interests for a tenure of maximum 9 months for a maximum amount of ₹25 lacs. The bank gives convenient repayment options with the facility of renewal.

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

Rate of interest charged by the bank on Gold Loan is lower than that charged on other loans as it is fully secured. Fincare Small Finance Bank charges 14.99% to 22.9% depending upon the amount and the quality of the gold.

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

The bank gives you easy repayment options which you can learn about by visiting the branch or contacting the customer care support.

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

Apply Gold Loan from Fincare Small Finance Bank by visiting the bank’s branch and filling a form and submitting it with the required documents or you can apply anytime from the comfort of your home by visiting the bank’s official website and providing basic information.

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

Renewal 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.

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

Taking Gold Loan from Fincare Small Finance Bank 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.

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

Gold Loan facility by IndusInd Bank comes with attractive rates and minimal documentation. The rate of interest ranges from 14.99% per annum to 22.99% per annum depending on the amount of your loan. Customers can obtain a maximum of ₹25 lacs by pledging their gold. Repayment of the loan can be done on a bullet payment basis.

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

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.

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

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

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

Closing of the Gold Loan can be done by repaying the total amount due on a bullet payment made at the end of the tenure or before it. Closing is confirmed once the bank releases your gold and gives you a No Dues Certificate.

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

You can renew your Fincare Small Finance Bank Gold Loan by visiting the nearest branch with your documents. Your pledged gold will go through a revaluation process and renewal fee will be charged as applicable. You will be required to fill a simple renewal form and once everything is processed your loan will be renewed for a new tenure.

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

If someone defaults the 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 a loan in the future.

Q. How many branches of Fincare Small Finance Bank Gold Loan?

Among India’s youngest commercial banks, Fincare Small Finance Bank has a total branch network of more than 700 spread across the country.

Share This

Menu