Low Interest
Gold Loans
No bureau check required. Gold loan interest rates starting from 9.96%. Prepay gold loan without foreclosure charges
Gold Loans
Key Features
Loan Amount up to
Depends on value of assets
Reducing Rates Starting from
9.96% p.a.
Loan Tenure up to
12 months
Collateral Required
Yes
Gold Loan Terms
Gold loans in India typically offer loan amounts ranging from ₹10,000 to ₹1 crore, depending on the gold’s value. The repayment period generally spans from 6 months to 5 years, with flexible repayment options available. Interest rates are competitive, usually ranging from 7% to 20%, based on the lender and market conditions. Borrowers must provide gold as collateral, ensuring a quick and hassle-free approval process.
What are the risks of taking a Gold Loan?
Taking a gold loan in India poses the risk of losing your pledged assets if you default on repayments, as lenders can auction your gold. Interest rates, though generally lower than unsecured loans, can still become burdensome if not managed properly. Market fluctuations may affect the value of your gold, impacting the loan amount you can secure. Additionally, hidden fees and charges can increase the overall cost of borrowing, potentially leading to financial strain.
What are the benefits of a Gold Loan?
Gold loans in India offer quick access to funds, often disbursed within hours, making them ideal for urgent financial needs. They come with lower interest rates compared to unsecured loans, making repayment more manageable. Since the loan is secured by gold, approval is easier, even for those with low credit scores. Additionally, borrowers retain ownership of their gold while it is pledged, allowing for flexibility in managing their assets.
When to apply for a Gold Loan?
Consider applying for a gold loan in India when you need immediate cash for urgent expenses, such as medical emergencies or business needs. It’s also a good option if you’re facing temporary cash flow issues and require quick liquidity. Apply when you have gold assets but lack sufficient credit history or income proof to secure unsecured financing. Additionally, it’s beneficial to apply during financial downturns to take advantage of favorable interest rates.
How We'll Help You
Who Can Apply
- Business Registration : Required
Business Vintage : Min 3 Years
Age : Min 23 Yrs Old
Annual Turnover : Min 20L
Collateral You Can Use
Owned Commercial Property
Owned Residential Property
Industrial Property
Warehouse & Buildings
Gold Jewellery & Machinery
Documents You'll Need
Promoter Aadhaar Card
Promoter PAN Card
Current Residential Address Proof
Residence and Office Ownership Proof
Business Bank Account Statements
Your Business Loan Options
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Looking for a High-Value Loan?
Have revenue over 3Cr and need more than 50L in Unsecured Business Loans? Use our premium service to get your dream loan.
Looking for a High-Value Loan?
Have revenue over 3Cr and need more than 50L in Unsecured Business Loans? Use our premium service to get your dream loan.
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FAQs
With just one application, you gain access to over 30 trusted business lenders. Say goodbye to the tedious and time-consuming process of researching and separately applying for a business loan with multiple lenders. Our platform streamlines the process into one single application that is sent to multiple lenders at once to get you the best loan options, saving you valuable time and effort. Better still, once you are approved for a loan, we’ll negotiate to get you the best business loan interest rate and terms, highest amount possible, and quickest disbursal so you can spend your time focused on building your business.
We are not a lender. We’re a technology platform that helps SMEs in India get business funding in 3-7 days. When you apply for a business loan with us, we check your business loan eligibility for free and match you with the right lenders, increasing your business loan prospects. We even negotiate on your behalf to ensure you get the best possible business loan interest rate and terms. Think of us as your free business financing advisors who are ready to fight for you, so that you can work smart and achieve your dreams.
Yes, we do a soft pull of your Experian Credit Report when checking your eligibility for business financing. This credit check is free, has no impact on your credit score, and we even send you a copy of your report, so you know how healthy your credit is. We use this score to match and apply for business loans with the right lenders and get you unbeatable loan terms customized for you.
We want to help every SME across India find a business loan for their needs that is affordable, convenient, and quick. So, we’re constantly expanding our network of partners by adding in new banks and NBFCs to our digital platform. Our lender partners currently include ICICI, IDFC, Bajaj Finserv, Deutsche Bank, Lendingkart, Kotak Mahindra Bank, Tata Capital, and more!
We know how important it is for small businesses to save money wherever possible. Once we match you with a lender who is the right fit for your needs, we negotiate with them to ensure you get a business loan interest rate that is lower than the market rates! On average, we’ve helped our borrowers get Unsecured business financing up to 9% less than their initial offers, and Secured business loans 2% lower than what the lender first offered them. We’ll fight to ensure you get the best interest rate too!