Janalakshmi Small Finance Bank Gold Loan

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    Janalakshmi Small Finance Bank Gold Loan

    Janalakshmi Small Finance Bank Gold Loan

    Janalakshmi Small Finance Bank Gold Loan

    A Gold loan is a loan in which a borrower can get a loan against gold. A gold loan is a type of secured loan. In the gold loan, the bank will take the borrower’s gold in order to give a loan to the borrower. Bank will deposit a borrower’s gold as a security. Bank will take full responsibility for the borrower’s gold.

    Janalakshmi Small Finance Bank Gold Loan Key Features

    Loan Amount
    Up to Rs. 1 Crore (With Income Proof)
    Janalakshmi Gold Loan Interest Rate 5.88% per annum
    Janalakshmi Gold Loan Per Gram
    Rate Per Gram Today is ₹ 2,900 to ₹ 3,450
    Processing Fee
    1% or ₹1000 whichever is higher
    Prepayment Charges
    1%
    Repayment Tenure
    24 Months
    Repayment Scheme
    Bullet Payment Scheme, Overdraft Scheme

    Benefits of Janalakshmi Small Finance Bank Gold Loan

    • Janalakshmi Small Finance Bank Gold Loan is very easy to apply. One can apply for a gold loan online within a few minutes.
    • If a borrower is eligible, the loan can be approved within 5 minutes.
    • After the approval of the gold loan, if the borrower has its complete documents it can be disbursed quickly.
    • The responsibility of the gold is all at the bank’s end. Borrower’s gold assets will be kept under very tight and fireproof security.
    • The rates of interest provided by the bank are quite affordable.
    • The documentation process is very easy and simple in Janalakshmi Small Finance Bank Gold Loan.
    • Bank will not ask the reason behind the gold loan, one can use this loan amount according to their needs.

    Uses of Janalakshmi Small Finance Bank Gold Loan

    • Most people use the gold loan for wedding purposes.
    • Sometimes one can prefer to get a gold loan in case of a medical emergency.
    • Education can also be a reason for the usage of a gold loan.
    • One can also boost their business by using the gold loan.
    • The customer can get a gold loan to pay the bills related to credit cards.

    Janalakshmi Small Finance Bank Gold Loan Eligibility Criteria

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

    Janalakshmi Small Finance Bank Gold Loan At Home

    With the changing needs of the times, Janalakshmi Small Finance Bank has come across a simple yet valuable solution that will make everything easy for you. Just like your necessary commodities such as groceries, clothes and much more, everything is provided at your doorstep, in the same way, now, you can quickly get a gold loan at the comfort of your home.

    If you are in urgent need of funds or too busy to visit a bank or prefer social distancing, Allahabad Gold Loan At home is a one-step solution. The process is straightforward. You need to give us a call to put in your request for a gold loan. Our executive from the nearest branch will visit your home at the earliest. Everything will be done at your home in your presence, from the evaluation of the loan documentation to the transfer of the loan amount. Furthermore, there are many benefits of Janalakshmi 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

    Who can get Janalakshmi Small Finance Bank Gold Loan

    Any Indian, from farmers to housewives to businessmen, who own gold jewellery of purity 18 to 22 carats and are above 18 years of age can avail of a gold loan.

    Forms of Gold Accepted

    • All gold jewellery of purity 18 to 22 carats is accepted by the Janalakshmi Small Finance Bank as collateral such as rings, anklets, bracelets, etc. However, banks do not accept gold in the form of biscuits.
    • Minted coins are allowed only up to 50 grams of weight. Forged coins are not acceptable.
    • The jewellery is weighed only by the weight of the gold in it.

    Documentation Required for Janalakshmi Small Finance Bank Gold Loan

    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

    Note: Janalakshmi Small Finance Bank can ask for additional documents as per the needs and requirements.

    Janalakshmi Small Finance Bank Gold Loan Interest Rates

    Gold Loan Rate  5.88% per annum
    Repayment Scheme
    Bullet Repayment Scheme, Overdraft Scheme
    Gold Valuation charges varies depending on the loan amount
    Service Charges varies depending on the loan amount
    Document Charges varies depending on the loan amount
    Gold Required Minimum 18 Carat
    Processing Fee 1% or ₹1000 whichever is higher
    Prepayment Charges 1%

    Note: Interest rates mentioned here are updated with rates expected to change.

    How Much Can Gold Loan can I Get Through Janalakshmi Small Finance Bank Gold Loan 

    According to the current value scenario, Janalakshmi Small Finance Gold Bank affords a gold loan through thorp regarding ₹ 2,900 to ₹ 3,450. Highest Janalakshmi Small Finance Bank riches mortgage dimension per village lately is ₹ 2,900 to ₹ 3,450 for 22-carat jewelry considered at the most LTV concerning 75% then average gold loan expenditures of remaining 30 days of 2021 is ₹ 2,900 to ₹ 3,450 regarding 22 carats.

    Janalakshmi Small Finance Bank Gold Loan Per Gram

    Updated - Gold Loan Per Gram Rate w.e.f Jun 30 2022

    Gold Weight Gold Purity
    24 Carat
    Gold Purity
    22 Carat
    Gold Purity
    20 Carat
    Gold Purity
    18 Carat
    1 gram 4621 4290 3900 3510
    10 gram 46210 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

    Janalakshmi Small Finance Bank Gold Loan 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

    How to apply for Janalakshmi Small Finance Bank Gold Loan?

    You can apply for a gold loan online at Dialabank. Go to the menu on the homepage and click the gold loan link. You will have to fill up a and submit it, after which we will give you a call and assist you in availing of the best offer.

    Thus the loan availing process with Dialabank is very convenient. In case you have any queries, you can also call us at 9878981144.

    FAQs for Janalakshmi Small Finance Bank Gold Loan

    ✅ What is Janalakshmi Small Finance Bank Gold Loan?

    Janalakshmi Small Finance Bank Gold Loan is a loan against your gold ornaments and coins. It is characterized by quick disbursal and thus can help you with many financial emergencies and urgent requirements of liquid money.

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

    To apply for a Janalakshmi Small Finance Bank gold loan, all you have to do is collect the required documents and gold collateral from the bank and fill up an application form. You can also apply without getting out of your houses through the Dialabank website. You can call us on 9878981144 for trustworthy assistance.

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

    Janalakshmi Small Finance bank gold loan per gram depends on the purity of the gold you give to the bank as collateral in karats. It also depends on the market price of gold. The higher the price, the more amount you can avail of. Janalakshmi Small Finance Bank Gold Loan Rate Per Gram is ₹ 2,900 to ₹ 3,450.

    ✅ How Does Janalakshmi Small Finance Bank Gold Loan work?

    To start the process of Janalakshmi Small Finance Bank Gold Loan, all you have to do is submit the required documents and collateral and fill up an application form. Your gold will be weighed and your loan will be sanctioned.

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

    The gold loan interest rate in Janalakshmi Small Finance Bank starts at 5.88% per annum. The interest rates are lower as it is a secured loan. If you have a low CIBIL score or low income, the bank might charge you a higher interest rate.

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

    You can easily check your Janalakshmi Small Finance Bank gold loan status by visiting the nearest bank branch or contacting the customer support of the bank. You can also log in to the bank website for that.

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

    Janalakshmi Small Finance Bank gold loan interest can be calculated by subtracting the principal from the outstanding loan amount.

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

    Janalakshmi Small Finance Bank provides a gold loan amount ranging from Rs. 10000 to Rs. 2 lakhs. However, this amount too depends on the value of your gold collateral.

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

    Since a gold loan is a quick loan, the tenure of the Janalakshmi Small Finance Bank gold loan extends only to 12 months. However, you also have the option to get it renewed.

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

    The processing fee charged for a Janalakshmi Small Finance Bank gold loan is 1% of the outstanding loan amount or Rs. 1000, whichever is higher. The processing fee is charged by the bank to process your loan.

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

    In Janalakshmi Small Finance Bank, the prepayment fee for a gold loan is around 1% of the loan amount. Since prepayment reduces the outstanding loan amount, banks charge a small fee for it.

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

    To renew your Janalakshmi Small Finance Bank Gold loan, you will have to fill up a form and pay a small fee. Your gold will be revalued according to the current market prices, and your gold will be renewed according to that value.

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

    The Janalakshmi Small Finance gold loan bank gives you easy online interest repayment options which you can learn more about by visiting the branch or contacting the customer care support of the bank.

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

    If you fail to pay the interest of the Janalakshmi Small Finance Bank gold loan, you will first be served with legal warnings. If you continue to fail, your gold collateral will be seized by the bank and they will be liable to sell it. Your CIBIL score will be greatly affected in a negative manner.

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

    To apply for a moratorium on the Janalakshmi Small Finance Bank gold loan, you will have to visit the bank branch personally or go to its online website and provide your application details.

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

    Janalakshmi Small Finance Bank gold loan cannot be paid through a credit card but can be paid through a debit card or even PayTM.

    Other Major Gold Loan Providers

     

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