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In simple terms, a gold loan is a loan provided in lieu of gold for a specific period of time. The borrower needs to pay the loan amount along with the interest within the tenure period.
Anyone having gold jewelry or coins can apply for the loan. They can be of different professions like a trader, farmer, salaried employee, or self-employed. The age limit for the loan lies between 18-60 years of age.
Here is the list of documents that you need to deposit:
You can easily calculate the gold loan interest rate by using the online gold loan calculator.
You can use eazy bank loan online EMI calculator. If you calculate the EMIs manually, you can commit mistakes, so it’s better that you use an Online calculator for ease and convenience. You can calculate the interest rate, the loan amount, and the loan tenure.
It can spoil your record and will be reflected on your credit score. Your loan provider can report this to the credit bureaus and your CIBIL score will be hampered.
Yes, there is an option available for people to apply for a gold loan with a co-applicant like a spouse or parents.
With the help of Eazybankloan, you will be able to choose the right bank for you and we will help you to connect with banks offering loans. You can avail loans quickly due to the quick disbursement of gold loans that is within 1-2 hours.
Gold Loans amount ranges in between Rs 10,000 to a maximum of Rs. 15 Lakhs per customer.
