What is a Gold Loan?

A Gold Loan, also known as a Loan against Gold refers to a lump sum of money borrowed by offering to pledge Gold. A secured loan by nature, the borrower needs to deposit gold articles, jewelry, coins, or any physical form of gold with the lender until the entire loan amount gets repaid. The amount the borrower sanctions depends on the value of the gold based on the Loan-to-Value (LTV) Ratio.

The Reserve Bank of India (RBI) recently relaxed norms for loans against gold by increasing the permitted LTV ratio from 75% to 90%. As per the RBI Gold Loan guidelines, banks and NBFCs can extend 90% of the value of the pledged gold as a Gold Loan. One can also avail of an Overdraft facility against Gold.

RK Loan Finance offers the best Gold Loans, at the lowest rates of interest. RK Loan Finance will connect you to a lending partner, and take you through the process comfortably. Choose from our catalog of Gold Loans offered by our distinguished Partner Banks and NBFCs. RK Loan Finance offers quick approval and speedy disbursal of your Gold Loan.

What are the documents required to avail a Personal Loan Overdraft Facility?

Type	List of Documents
Photo Identity Proof	PAN Card, Voter ID, Aadhaar Card, Passport, Driving License
Proof of Residence or Address Proof	Voter ID, Aadhaar Card, Passport, Driving License, Electricity Bill, Telephone Bill, Ration Card
Age Proof	PAN Card, Driving License, Passport, Voter ID, Aadhaar Card
Income Proof	6 months Bank statement and 3 months Salary Slips
Employment Proof	Employment Certificate
Office Address Proof	Electricity Bill, Telephone Landline Bill, GST or VAT Registration for Self-employed
Photograph	Passport-Size Photographs

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Features and Benefits of Gold Loan

High-Value Finance

Avail a high loan amount as funding up to 90% of the Value of Gold

Lowest Interest Rate

Gold Loan interest rates are the lowest rates offered by Banks and NBFCs

Repay in Easy EMIs

Benefit from our flexible EMI offerings from our reputed lending partners

Prepayment / Part Payment

Reap profit and save from the practical Pre and Part Payment options

Zero Foreclosure Fees

Take advantage of Nil or Near to Zero Foreclosure Charges on offer

No Income Proof

Worry less about loan approval; RK Loan Finance Gold Loans need no income proof

Quick Loan Renewal

Simply request a gold loan renewal; renewals are quicker than you expect

Instant Loan Disbursal

Online and easy documentation allows speedy processing of your Gold Loan

Eligibility Criteria for a Gold Loan

Personal Loans are an unsecured form of multipurpose credit, which may be used to cover a number of personal expenses. You can acquire a personal loan by qualifying with preset eligibility criteria, which are minimal. The basic eligibility criteria are as follows.

Age

Your age should be minimum of 21 years, and a maximum of 68 years at Loan Maturity

Nationality

You should be a Resident Citizen of India without having defaulted on any previous loans and without any Criminal Record

Credit Score

Your credit score should be 650 or higher

Eligible Entities

Anyone having gold is eligible irrespective of income or employment.

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Now apply for a Car Loan online, All you need to do is provide your details below application form.

Interest Rate: 9.15% onwards*
Initial Processing Fees of Rs. 3000 + GST I IPF applicable for fresh Home Loan cases
Tenure upto 30 Years

Here’s an example:

Loan Amount Rs. 35 Lakhs, Tenure: 30 Years, Interest Rate: 9.15%, equates to EMI: 28,540/-
*Terms & Conditions Apply

Gold Loan

11.50%