Instant Funds with Safe & Secure Gold Loans
A gold loan helps you meet urgent financial needs by pledging your gold assets. With quick approvals and minimal documentation, our gold loans provide instant liquidity while keeping your gold safe and secure.
Gold Loan Features
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Loan in just 45 minutes
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Apply with PAN or Aadhaar Card
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Loans starting from Rs. 5,000
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Multiple repayment options
Features and Benefits of our Gold Loan
- Secured Loan: Backed by gold collateral.
- Quick Processing: Fast approval and disbursement.
- Flexible Loan Amount: Based on pledged gold value.
- Instant Liquidity: Access funds quickly without selling gold.
- Lower Interest Rates: Secured nature leads to competitive rates.
- Versatile Use: No restrictions on how loan funds are used.
Eligibility Criteria
- Age: Typically, borrowers should be 18 years or older.
- Ownership: You must own the gold being pledged.
- Gold Quality: The gold should meet the lender’s purity standards.
- Identification: Valid government-issued ID for identity verification.
Documents Required to Apply for Gold Loan
- Identity and signature proof
- Voter ID / Passport / Aadhaar Card / Driving License / PAN Card
- Employee Identity Card (in case of government employees)
- Address Proof (Rent Agreement / Bank Statement / Telephone/Electricity Bill)
- Two post-dated cheques for security purposes
- Passport-size photographs
How to Apply for Gold Loan at Ruloans?
- Choose a Lender: Research and choose a reputable lender.
- Check Eligibility: Review the criteria set by the lender (usually 18+ age).
- Visit the Branch or Website: You can apply online or visit the nearest branch.
- Gold Evaluation: Bring the gold you want to pledge for evaluation of purity and weight.
Gold Loan EMI Calculator
Gold Loan EMI is calculated using the following Compound Interest formula:
$EMI = [P * r * (1 + r)^n] / [(1 + r)^n – 1]$
Where:
- P = Gold Loan principal amount
- r = Monthly interest rate
- n = Gold Loan tenure in months
Fees and Charges for Gold Loan
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.2% to 0.6% of loan amount |
| Loan Cancellation | 1% |
| Stamp Duty Charges | As per actuals |
| Legal Fees | Nil |
| Penal Charges | Nil |
*Other fees like documentation, verification, and NOC charges may apply.