AU Small Finance Bank – GOLD LOAN

• Loan for every need:

   We provide Gold Loan amounts starting from INR 10,000 against your gold holdings to meet the liquidity needs.
   

• Safe storage of your gold articles:

   Your gold is kept in secure custody in our bank's safe vaults. It is only transferred from one locker to another, keeping the structure and design intact.
   

• Convenient repayment options:

   Our Gold Loan scheme offers competitive rates and flexible repayment options. You can choose between EMI or interest servicing, depending on your repayment capability.
   

• Always nearby:

   We have numerous branches across the country, making it easier to apply for a loan or close the Gold Loan account.

• Higher loan-to-value ratio:

   The Gold Loan comes with a high loan-to-value ratio of up to 75%. This means you can get a loan of up to 75% of appraised gold value. 
   

• Attractive interest rate:

   The Gold Loan interest rates are lower compared to unsecured personal loans.
   

• Minimum documentation and swift processing:

   With simple KYC-based documentation and verification process, you only have to submit your identity documents and address proof. We offer an over-the-counter disbursement facility.
   

• No income proof or bank account statement required: 

  For a loan amount of up to INR 10,00,000, you don’t need to provide income proof as the loan is secured against the gold mortgaged. Also, a low credit score doesn’t affect the Gold Loan application approval.
   

• Low processing fees:

   Gold Loans have loan processing and renewal fees of only up to 1%.
   

• Top-up facility:

   You can also avail of the top-up facility at renewal as per the prevailing gold prices in the market.

• Be a resident of India
• Age should be between 18 and 70 years
• Have a steady source of income 
• Own the gold jewellery articles to be mortgaged
• Purity of gold jewellery should be in a range between 18 to 24 carats

How to apply for Gold Loan?

• Branch visit: 

  You can visit your nearest branch and apply for a Gold Loan in person.
   

• Online form: 

  Fill in our online form to have one of our representatives reach out to you.
   

• Customer care: 

  You can also apply for a Gold Loan by calling our customer care number at 1800-1200-1200. You can alternatively email us at [email protected]
   

• Relationship Manager:

   Existing customers can also get in touch with their dedicated RMs to find out how to get a Gold Loan.

Documents required for Gold Loan

• Identity & address proof (Aadhaar card, passport, driving license, voter ID, etc.)
• PAN
• Other relevant documentation

Fees and charges of Gold Loan

• Processing fees/Renewal fees: 1% of the Gold Loan amount
• Stamping charges: As per state laws
• Penal charges
• Foreclosure charges: 1% of the balance amount

GST and other government taxes will be applied, which are over and above the scheduled charges.

For details on fees & charges, Click here.

FAQs