Features of North East Small Finance Bank Gold Loan
Gold Loan is the instant solution for all your needs. Money can be needed anytime and for availing money, a gold loan is preferred as you don’t have to submit bulk of documents and get the credit within a very small amount of time.
Some features of North East Small Finance Bank Gold Loan are as follow:
- 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 as they can easily sell the same in case the borrower of the loan defaults.
- Gold loans generally have an interest rate range of 13%-14%, which is less than the interest rate of personal loans.
- As Gold Loans are processed quickly and seamlessly due to on-spot collateral, they generally do not involve Processing Fees.
- As the loan is secured against the on-spot collateral provided in form of gold, no income proof is needed to process the same.
North East Small Finance Bank Gold Loan Comparision 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 |
North East Small Finance Bank Gold Loan EMI calculator
North East Small Finance Bank Gold Loan EMI is the monthly payment you make to the bank to repay your loan. The principal amount and the interest component are both included in the EMI. The interest component of your EMI is higher in the beginning and decreases with each EMI. The EMI Calculator calculates your monthly EMI at the selected interest rate for a specific duration.
The EMI is calculated by 3 factors i.e. Loan amount, interest rate, and loan term.
- Loan Quantity
- Internet Rates
- Loan Duration
North East 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
North East Small Finance Bank Gold Loan Documents Required – FAQs
✅ How can I get a Gold Loan?
You can avail a gold loan either by going go to the local branch or by contacting us at 9878981166
✅ What are the documents needed for North East Small Finance Bank Gold Loan?
You just need KYC Documents, income proof, and residency proof.
✅ What are the interest rates offered by North East Small Finance Bank on their Gold Loan?
North East Small Finance Bank offers an interest rate of 11%-14.6% on their Gold loans.
