Fedfina Gold Loan

You can pledge your gold ornaments as collateral; the loan amount is determined by the purity and the net weight of the gold you submit. This means standard jewellery items are accepted and evaluated on their fineness and grams before sanctioning the loan.

The loan amount is disbursed on the same day the lender receives your duly filled and signed application form, documents, and gold jewellery as security. Same-day disbursement is subject to completion of the branch verification and the in-house gold evaluation process.

Yes, Fedfina charges a nominal processing fee and a gold evaluation fee at the time of application. These charges are disclosed to customers upfront so that there are no surprises during the application process.

You can reclaim your pledged gold ornaments by timely repaying the borrowed amount as specified in your Fedfina Gold Loan agreement. Once the loan is repaid according to the terms, the lender will return the jewellery to you in accordance with its custody and release procedures.

First-time borrowers who do not yet have a credit score are eligible to apply for a gold loan from Fedfina. Borrowers with a low credit score may still be considered. However, note lending is subject to a credit assessment at the branch level.

You may use a Fedfina Gold Loan for any lawful purpose except for funding prohibitive or speculative activities. Common uses include financing a child’s education, marriage expenses, hospitalisation, business expansion, debt consolidation, etc.