Equitas Small Finance Bank Gold Loan Key Features – Apply Now!
|Gold Loan Interest Rate||7.11% per annum|
|Gold Loan Per Gram||Rate Per Gram Today is ₹ 5,032
|Gold Loan Amount||Up to Rs. 1 Crore (With Income Proof)|
|Gold Loan Processing Fee||1.50% of the Principal Loan Amount|
|Gold Loan Prepayment Charges||2%+GST (Within 3 Months), 0 (After 3 months)|
|Gold Loan Repayment Tenure||3 Months to 24 Months|
|Gold Loan Repayment Scheme||Bullet Payment Scheme, Overdraft Scheme|
About Equitas Small Finance Bank Gold Loan:
Gold loan is a loan in which a borrower gets against gold jewelry. Gold loan is a type of secured loan, and the banks are always happy to give this loan, as in case the customer does not pay back the loan, the bank can get the money back by selling the jewelry. In the gold, loan bank will take borrower’s gold in order to give a loan to the borrower. Equitas Small Finance Bank Gold Loan provides a great platform to get the maximum amount of loan. Bank will take the full responsibility of borrower’s gold.
Eligibility for Equitas Small Finance Bank Gold Loan:
Eligibility of Gold Loan can be discussed as follows:
- Anyone can apply for a loan with them, which means that the person can be a professional, salaried, business person, a person of regular income group, etc.
- No minimum income of the applicant is required
- The applicant should be of at least 18 years of age.
- The gold ornament should be between 18 karats to 22 karats.
- The gold should be of the applicant or should be of his family member.
Documents required for Equitas Small Finance Bank Gold Loan:
- Identity proof (Passport/Id card/voter card/driving license) can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
- Two passport size photos,
- Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
- Driving license is also regarded as a proof of identity and residence evidence because it contains the name, date of birth, and a photograph of the customer. But the condition is that it should not be expired.
- Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
- PAN card is the permanent account number that is provided to the customers, and it prevents the financial frauds. So it is also considered as an identity/residence proof. Pan card is an essential document under KYC (know your customer).
Benefits of taking a gold loan from Equitas Small Finance Bank:
- Instant cash– You can get instantly just as and when the bank checks your gold.
- NACH repayment options– A lot of repayment options are available with the bank
- Easy documentation– The documentation is also very easy.
- Attractive interest rate– The interest rate provided by the bank is very less as compared to others.
- Available procedure- The process opted by the bank is also very convenient and easy.
- No CIBIL score required- No good CIBIL score is required to get the loan
- 100% transparency– the company provides 100% transparency
- Safety of your gold with bank-the bank keeps your gold safely with them, in the lockers.
Interest rate and other charges:
- The interest rate for the agricultural sector is 12% p.a.
- The Processing fees are 2%
- The rate of interest for others is 14% p.a.
- The Cheque bounce charge is Rs. 500
- Also, the Postage Charge is Rs. 50 plus GST
About Equitas Small Finance Bank:
Equitas Small Finance Bank is a kind of Small Finance Bank. It started its working from the year 2007. Its headquarter is in Chennai, India. It got a license from the Reserve Bank Of India on 30 June 2016. From 4 Feb 2017, it became a scheduled bank operating in India.
How to apply through Lendingwale?
We understand the value of your time, so here we are providing a convenient way to apply for the loan.
- You can apply for the Equitas Small Finance Bank Gold Loan from lendingwale.com.
- You have to fill the Gold Loan form, and you will get a call from our side automatically.
- Besides that, you may get some more concessions on the interest rates.
- Therefore there is no need to go to the bank.
- Even more, documents pick up facility from your doorstep is available.