AU Small Finance Bank Gold Loan

AU Small Finance Bank Gold Loan Key Features – Apply Now

Introduction to AU small finance bank gold loan:

When you are in need of money, it is difficult to arrange things at a point unless if you don’t have a  strong source to arrange money. If you have an idle amount of gold with you then your problem can be solved in a faster way.

About AU Small Finance Bank Gold Loan

AU Small Finance Bank offers loans against gold at contentious interest rates. AU Small Finance Bank Gold Loan as one of the major gold loan providers understands the needs of the customers and disburses the loan amount in one hour. The pledged gold is locked safely in the vault and the borrower does not have to worry about its safety.

The Gold Rates and all other charges are announced to the borrower upfront in a transparent manner before sanctioning the loan amount. Hence borrower does not have to worry about the hidden charges and fees on their AU Small Finance Bank Gold Loan.

Know More – What happens when you don’t pay a Gold Loan?

Advantages of AU Small Finance Bank Gold Loan 

There are many advantages when it comes to AU Small Finance bank Gold loan:

• Au Small Finance Bank gold loan is disbursed in 5 minutes.
• It charges interest rates as low as7.25% per annum.
• The Bank ensures the complete safety of your jewellery
• You have affordable repayment options
• Repayment is also flexible
• You don’t require a third party of the gold loan
• Basic eligibility
• The loan does not depend on credit history
• No income proof requirement
• The bank charges 0.50% of the principal amount as foreclosure charges

How Much Gold Loan Can I Get Through AU Small Finance Gold Loan

As per the ultra-modern riches prices, AU Small Finance Gold Bank affords a gold loan through thorp regarding ₹ 72,800 to ₹ 78,350. THE highest AU Small Finance Bank riches mortgage dimension per village lately is

for 22-carat jewellery considered at the most LTV concerning 75% then average gold loan expenditures of remaining 30 days of 2021 is ₹ 77,129 regarding 22 carats.

AU Small Finance Bank Gold Loan Per Gram 

Who can get AU Small Finance Bank Gold Loan?

1. Any employed individual (whether salaried or self-employed)
2. Housewives
3. Students who are not minors
4. The population involved in the agricultural sector

Form of Gold Accepted for AU Small Finance Bank Gold Loan

AU Small Finance Bank accepts all forms of gold jewellery between 18 to 22 carats such as rings, anklets, bracelets, necklaces, etc. You have to give a minimum of 10 grams of jewellery as collateral. Note that the jewellery’s weight should be calculated only by the weight of the gold and not the stones in it.

Banks don’t accept gold bars or raw gold. However, they accept minted coins up to 50 grams

Documentation Required for AU Small Finance Bank Gold Loan

Note: AU Small Finance Bank can ask for additional documents as per the needs and requirements.

AU Small Finance Bank Gold Loan Eligibility