Features of Janalakshmi Small Finance Bank Gold Loan
Gold can be used as an asset as well as for availing a loan. Getting a gold loan is a very easy and hassle-free process. There is no security that a bank needs, the only necessity for availing of Janalakshmi Small Finance Bank Gold Loan is Gold itself, making Gold Loan a preferable choice for many individuals.
Key features of Janalakshmi Small Finance Bank Gold Loan are as follows:
- Smooth processing:- The overall processing of the Gold loan is done within hours as the customer provides the bank with collateral on the spot, making it a safer choice for banks and making it a very smooth process.
- Low-Interest Rates:- Janalakshmi Small Finance Bank offers an interest rate of 13%-14% on their gold loan.
- Zero Processing Fees:- As it is a seamless process, it doesn’t have any processing fee.
- No income Proof:- No income proof is required for the Janalakshmi Small Finance Bank Gold loan.
Janalakshmi Small Finance Bank Gold Loan Comparison 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 | |
| Private 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 |
Janalakshmi Small Finance Bank Gold Loan EMI calculator
EMIs are the monthly payment that you have to pay to the banks. Knowing and calculating the EMIs beforehand is necessary as they help in making better financial decisions.
Dialabank helps you in calculating it by curating Dialabank’s EMI Calculator.
The EMI calculator calculates the EMI by 3 factors i.e. Loan amount, interest rate, and loan term.
- Loan Quantity
- Internet Rates
- Loan Duration
Janalakshmi 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
Janalakshmi Small Finance Bank Gold Loan Documents Required – FAQs
✅ What amount of loan can I get at Janalakshmi Small Finance Bank Gold Loan?
It depends on the gold per gram rates.
✅ What is the interest rate on gold loans in Jananlakshmi Small Finance Bank?
It offers an interest rate of 13%-14%.
✅ What is the method of repayment of loans?
You can repay the amount by the EMI method. For calculating EMI, click here.
