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Loan Against Gold

Top Features of Loan Against Gold

About Loan Against Gold

    Get instant money with the power of gold, now at an interest rate of 12.99%*

    • Get up to 75%* Loan on the value of the Gold
    • Assured safety and insurance of your gold with the Bank.
    • Choose within Bullet or Monthly based Product upto 12 month tenure.

FAQs

 

Q1. What is Fincare gold loan?

Loan that is sanctioned on accepting the gold ornaments or jewelry as a pledge. We have minimum documentation formalities with a lower rate of interest in comparison to other NBFCs and Banks. Please note that this should not be confused with loan given for purchasing gold.

Q2. What is the Per gram rate of gold offered?

Per gram of gold rate varies daily.

Q3. What is the maximum Percentage of Loan Value that you offer on my jewelry?

We offer the highest Loan to Value of 75%* of the valuation amount.

Q4. What is the tenure of gold loan that your company offers?

Choose within bullet or monthly based product upto 12 months tenure. Principal and the interest are payable at the end of the tenure in case of Bullet Product. Whereas, monthly interest is payable on due date and the principal at the end of the tenure in case of Monthly Product.

Q5. Where do I need to go to avail a Gold Loan?

You will need to walk in on Bank Working Days between 9:30 AM - 5 PM to any of our branches. We have branches in different states namely Gujarat, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Telangana, Rajasthan, Pondicherry, Haryana, NCT of Delhi, Madhya Pradesh, Kerala, Punjab, Chandigarh, Chhattisgarh, Goa and Uttarakhand.

Q6. What is the Loan Amount Range offered?

Starting from INR 10,000 to INR 40,00,000

Q7. What are the documents required for the loan?

Any proof of identify*, proof of address and proof of account is required to take loan against gold from Fincare.

Q8. Do you accept Gold Coins as a pledge?

As per RBI regulations, we accept up to 50 grams of Gold Coins issued by Other Banks

Q9. What if I avail the loan today and want to repay it back tomorrow itself? Is there a minimum period of holding?

No there is no minimum period of keeping the loan..

Q10. Is any valuation charge taken from customer?

We do not charge from customer for valuation of gold done.

Q11. Can I pay the Interest Payment via Online?

Yes. Monthly Interest products payable interest can be made via BBPS.

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