Gold Loan
Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. ... Hence gold loan is the perfect solution to raise capital and use the fund when you require money to meet your financial needs.




benefits of gold loan
- Quick Disbursal - Minimum documentation leads to faster processing of gold loan due to its secured nature.
- Flexibility of Use - Since there is no monitoring of the end use, it gives you the flexibility to use the loan for any type of expense.
- Secured Loan Type - You are not required to submit any other security/collateral to the lender other than the pledged gold ornaments.
- Lower Interest Rate - Interest rates on gold loans are on the lower side when compared to personal loan, since gold serves as collateral.
- Liquidate your idle asset - An idle asset, gold is seldom used for generating money. Hence gold loan is the perfect solution to raise capital and use the fund when you require money to meet your financial needs. It is also more secure in the confines of a bank’s or a financial institution’s locker than your home.
Gold Loan Eligibility Criteria
The best thing about a gold loan is that any individual who possesses gold coins or jewellery is eligible to take a jewellery loan. As an applicant, you do not need to produce any income-proof documents like salary slips or bank statements for a jewellery credit. While the gold loan eligibility criteria can vary across banks, here are some basic guidelines of who can apply for a jewellery finance from any bank or financial institution
Age of the applicant | Any Indian citizen above the age of 18 years and a maximum of 70 years is eligible to apply for a jewellery mortgage.Some banks require you to have a co-borrower if the credit applicant’s age is above 70 years. |
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The profession of the applicant | Most Indian banks and financial institutions offer jewellery mortgages to salaried employees, businessmen, and self-employed professionals. This also includes farmers and traders. |
Accepted quality of gold |
Jewellery mortgage eligibility, you can deposit gold in any form, including jewellery, minted coins, and ornaments. The minimum purity of the deposited gold must be 18 karats—and up to a maximum of 22 or 24 karats. Minted gold coins are accepted only if they are 24 karats with a maximum weight of 50 grams. The approved finance amount is determined mainly by the weight and current market value of the deposited gold. |
documents required for gold loan
You only need to submit your KYC documents to get instant approval for this secured loan. Your KYC documents include :
identity proof
- PAN card
- Aadhaar card
- Voter ID card
- Passport
- Driving license
- Government-issued photo ID card
- Defence ID card
Address proof
- Aadhaar card
- Ration card
- Passport
- Bank account statement
- Voter ID card
- Any utility bill ( electricity bill / water bill / telephone bill not older than 3 months )
- Letter from any authorised person
- You may be asked to submit income proof along with the necessary gold loan documents
Note : As per bank norms*
About Us
Euro Nexus Dinero Marketing PVT. LTD is mainly focus to connect merchants, consumers, card brand networks and financial institutions with advance trands. Credit card companies are the banks and credit unions that issue credit card to consumers and small business owners. Euro Nexus Dinero Marketing Company provides new credit card to the valid and valiable customers. Also, we delivers necessary services to the cardholders regarding purchases, accepting payments, distributing rewards and suggest a fine solution to the problem arraise in credit card.
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