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INDAZON Gold Loan can be availed by pledge of gold ornaments including gold coins sold by Banks with minimum paper work and low interest rate.

Features

  • Maximum Loan Amount : Rs 50.00 lacs
  • Minimum Loan Amount : Rs 20,000 /-
  • Margin
    • Gold Loan: 0.99%
  • Security : Pledge of gold ornaments duly verified for quality & quantity.
  • Processing Fees : 1% of the Loan amount + applicable GST minimum Rs250/- + applicable GST
  • Others : Gold appraiser charges will be paid by the Applicant.

    TERMS AND CONDITIONS :

  • If you are planning to take a Loan against Gold from INDAZON, you need to know the following details of its gold loan schemes:
    • Purpose of Gold loan: To meet personal and business expense requirements
    • Collateral: Loan against security of your gold jewelry
    • Type of Gold Accepted: Gold jewellery with a purity of 18 to 22 carat
    • Customer Segments: INDAZON offers jewel loans to all individuals above 18 years of age including salaried, self-employed professionals, businessmen, students, pensioners and housewives.Lowest Gold Loan Interest Rate in INDAZON is 0.99%.The factors that are used by SBI to calculate interest on gold loan are loan amount, loan tenure and loan required as a percent of value of gold jewellery.
      • Loan Amount: The amount of gold loan you avail depends on the weight of jewelry you can pledge with the bank. Generally, banks offer a jewel loan per gram of gold which differs by the purity of gold and loan to value ratio offered. Banks offer lower interest rates for higher amount. INDAZON offers loan between ₹ 20,000 and ₹ 20 Lakh amount.
      • Relationship with the Bank: INDAZON offers special rates, offers and charges to the existing account holders of the bank. Those who have made their payments on time in the past can get the benefit of low gold loan interest rate from INDAZON.
      • Loan tenure: Many banks charge higher rate of interest for gold loans of lower tenure and lower interest rate for gold loans of higher tenure. INDAZON offers gold loan with a tenure of 6 months to 36 months.
      • Loan to Value ratio: INDAZON also offers loans at lower LTVs. Interest rate on loans with lower LTV will be lower compared to loans with higher LTV. Maximum LTV offered by INDAZON is 60% calculated on net weight of gold in your jewellery.
  • If Loan can’t be repyaed within 36 months, then we have an option to extend the time period by giving 3.5% of the loan amount. If it is not repayed then INDAZON has a right to sale gold and recover the amount.
  • If customer is unable to pay interest then, we can ask customer to sell it.

 

Documents Required

To Apply Loan

  • Application for Gold Loan with two copies of photographs.
  • Proof of Identity with proof of Address.

Eligibility

  • Age : 18 years and above
  • Profession : Any individual (singly or jointly) with Steady source of income including: Bank’s Employees, Pensioners. (No Proof of income required)

We’ are Happy to Help you anytime.

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