What is a gold loan?
Gold is known as the safest investment due to its liquidity properties that help you get the best and India undoubtedly has one of the biggest gold consumers in the world since times immemorial. There is no restriction of using gold loans unlike other loans like personal loan, business loan, car loan etc. A gold loan is a secured loan in which a customer mortgages gold with BANK / NBFC as collateral. The financial institution gives the customer the loan amount according to the market value of gold and is the fastest way to get money for personal or business needs.
Av Finserv offers gold loans in India at very affordable rates.
What is the procedure to apply for a gold loan?
The idea of applying for a gold loan is simple. You pledge your gold article and get the loan amount in return. To do this, you go with a lending institution. The lender checks the purity of the gold and determines its weight based on which it evaluates its market value. Gold loans can also be sanctioned 90 percent of the calculated value of the pledged gold. Av Finserv also offers a digital platform where you can avail services from its website. With this, you can see us where our experts will go and get through the purity check of jewellery registered while linking your bank account to avail the services. Gold loan can be availed at limited documentation and liberal eligibility criteria.Gold Loan can be availed by anyone, be it salaried professionals, businessmen, housewives etc provided you have enough gold to pledge with.
Av Finserv is one of the best gold loan companies in India & you can apply online. Click here to apply now
Features of Gold Loan
Purpose - You can avail a gold loan in order to finance various needs, such as for educational purposes, medical emergencies, going on a holiday, and so on.
Security - The gold that has been pledged with the bank or the financial institution acts as the security or collateral against which the loan amount is provided.
Overdraft facility - A credit facility that allows pledgers to make use of the money in small quantities from the given sanctioned limit.
Documents required to apply for Gold Loan
Get a Quote
