Gold loans are easy to obtain, requiring minimal documentation and eligibility criteria. They come with competitive interest rates and flexible repayment options.
Here are some more key features and benefits of getting a gold loan:
Part-release Facility
You can repay a portion of your loan and retrieve part of your pledged gold before the gold loan tenure ends.
High Loan Amount
You can get up to 75% of your gold’s current market value, ensuring quick access to funds.
Flexible Repayment Options
You can choose from monthly, bi-monthly, quarterly, half-yearly, or annual repayment plans as per your convenience.
No Pre-closure Charges
You can easily close your loan early without worrying about additional fees.
No Credit Score Requirement
Your credit score does not heavily impact loan approval, making gold loans more accessible.
*Disclaimer: Terms and conditions apply to the benefits mentioned above, and these may vary from one lender to another.