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How Much Gold is Required for Gold Loan?
Posted on Thursday, August 25th, 2022 | By IndusInd Bank
Today, gold is no longer just a measure of wealth. Rather, it has gained the status of a stable and liquid asset. As it retains its value over time, gold is mostly seen as a safety net to fall back on during a financial crisis.
At IndusInd Bank, we know your gold holds much value in your life. That is why we present you with IndusInd Bank Gold Loans, a convenient way to finance your dreams. Whether you want to pay for your child’s education, build your first home, or take care of a medical emergency, a gold loan will give just the financial boost you need to meet any unexpected expenses.
Wondering how much gold you need to apply for a loan? With IndusInd Bank, you can take an affordable loan against gold. Featuring the best gold loan interest rates, we will help you get the most out of your valuable gold.
Features of IndusInd Bank Gold Loans
1. Raise Maximum Funds at a Low Cost
Apply for a loan at attractive gold loan rates with IndusInd Bank and get up to 75% of your gold’s value as a loan. Moreover, our gold loan comes with a nominal processing fee and zero pre-payment charges, making it a reasonable option to raise funds as per your needs.
2. Quick Approval
IndusInd Bank offers you an easy application process. All you need to do is walk into the nearest IndusInd Bank branch, and we’ll take care of the rest. Or visit our website and apply online from the comfort of your house. Besides, you can enjoy quick approval and receive your funds almost instantly!
So, take care of your immediate cash requirements without any worries with IndusInd Bank Gold Loans.
3. Minimal Documentation
Gone are the days of long waiting times and hefty documentation. To apply for a gold loanwith us, you just need to furnish essential documents like,
- Identity proof
- Signature proof
- Address proof
- Photograph
With minimal paperwork, loan processing becomes faster, and you have the funds readily available when you need them the most.
4. Secure
Your gold is worth a ton of sentiments and values. And we at IndusInd Bank strive to offer you the best banking experience. When you apply for a gold loan, your gold is sealed and valued in your presence to make sure you get its maximum value and enjoy peace of mind. Rest assured, your gold will be safe with us while you take care of your urgent financial needs.
5. Multipurpose
A gold loan is one of the most flexible options to navigate any financial crisis. You can use the gold loan to tackle any personal or business purpose – pay for your child’s education, buy a car, or introduce additional capital to your business. Moreover, with a flexible tenure ranging from 3-12 months and competitive gold loan interest rates, even loan repayment becomes easier!
Eligibility Criteria
Check out our easy-to-meet eligibility criteria before applying for a gold loan-
- Individual borrowers between the age of 18 to 70 years
- Non-Individual borrowers of a minimum age of 3 years
- No income proof for a loan amount of up to 20 lakhs
- Simple disbursal modes- Cash, NEFT, RTGS, and Pay order
Unlock the value of your gold and partner with IndusInd Bank for a seamless banking experience. Visit our website to apply for a gold loan online and get instant approval.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
