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Janalakshmi Small Finance Bank Gold Loan

Gold Loan @ 7%

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Janalakshmi 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 Janalakshmi Small Finance Bank Gold Loan:

Gold is the most essential and valuable ornament in the Indian tradition. It is used by various people only to decorate themselves, but now, its usage is extended to a higher limit. Now it can be used for claiming loans also. Now people buy gold so that they can use it in the case of an emergency. So here is Janalakshmi Small Finance Bank Gold Loan, that provides the maximum value for your gold.

Documentation for Janalakshmi Small Finance Bank Gold Loan:

The process of documentation is very easy and simple.

  1. 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.
  2. 3 passport size photos
  3. A passport can be an ID proof because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. But the passport should not be expired.
  4. 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.
  5. Driving license is also regarded as a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. But the condition is that it should not be expired.
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.

Eligibility for Janalakshmi Small Finance Bank Gold Loan:

Here is the list of eligibility criteria

  1. 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.
  2. The applicant should be of at least 18 years of age.
  3. No minimum income of the applicant is required.
  4. The gold ornament should be between 18 karats to 22 karats.
  5. The Gold should be of the applicant or should be of his family member.

Interest Rate:

The rate of interest starts at 7.11% and can go up to 15.5% per annum. Prepayment charges are 1% and the tenure of the loan is from 3 to 12 months

Features of Janalakshmi Small Finance Bank Gold Loan:

  1. The ornaments are more secure with the banks due to the strict security In the banking institutions which is quite less at homes.
  2. As this is a secured loan, therefore, the applicant does not have to worry about bad loan repayment history.
  3. The salary of an applicant is not an issue for availing a gold loan as it depends majorly on the weight and quality of gold available with the applicant.
  4. Another advantage is that the applicant does not have to pay extra for this service as the approval solely depends upon the asset kept as security.

About  Janalakshmi Small Finance Bank Gold Loan:

Janalakshmi Small Finance bank offers loan against gold at contentious interest rates. Janalaksmi bank as one of the major gold loan providers understand the needs of the customers and disburse the loan amount in one hour. The pledged gold is locked safely in the vault and the borrower does not have to worry about its safety. The gold rates and all other charges are announced to borrower upfront in a transparent manner before sanctioning the loan amount.

How to apply from lendingwale?

If you apply for the gold loan from you will get by so many benefits.

  1. You just have to fill the Gold Loan form and you will get a call from our side automatically.
  2. Besides that, you may get some more concessions on the interest rates.
  3. Therefore there is no need to go to the bank.
  4. Even more, documents pick up facility from your doorstep is available.