Key Highlights for Gold loans
| Secured loans Gold loans are secured loans that use a gold article as collateral or security. Anybody with a gold article to pledge as security can obtain a gold loan |
| Interest rates - Gold loan interest rates start from 9.15% p.a. |
| Loan amount Depend on Gold |
| Repayment period repayment period 60 months. |
| Minimal documentation Gold loans don’t need a credit score or income statement in most cases. A gold loan is approved based on the value of the gold pledged as security. |
| Usability There is no restriction on the usage of gold loans and they can be used for a variety of purposes. This may include vacation expenses, emergency medical expenses, or educational needs. |
| Processing time Minimal processing time is required for Gold loans as there is minimal documentation required. |
