Apply For Gold Loan Online
Meet all your financial needs in just a few clicks with an online gold loan. eJOHRI has partnered up with the best banks and NBFCs to help you make the most of your gold ornaments. Gold loans are disbursed swiftly, have low interest rates and are easy to get.
How To Apply for Gold Loan Online?
eJOHRI makes it super convenient to apply for a gold loan You can do so in just a few clicks with our 3-setp application process:
- Visit our website and fill out the online application form. Enter details like loan amount needed, current location or pin code,
- Based on your details, our representatives will contact you about suitable gold loan offers across various banks. You can also choose which local lender or scheme you would like to opt for.
- Based on your choice of bank or NBFC, you will then receive a call from the bank’s representative who will explain further details about the loan, fees and charges and answer any other queries you might have.
After necessary documents are provided and your gold is evaluated, the loan amount will be disbursed within 1-2 hours.
We also have a gold loan EMI calculator that can help you find out your monthly EMI amount. All you need to do is input your loan amount, tenure and interest rate. At eJOHRI, we do our best to make your gold loan application process a breeze. You can call us at any time to get your queries answered. Apply for a gold loan online today!
All You Need to Know Before Applying for A Gold Loan
Before you apply, you need to know important details and characteristics of a gold loan starting with the eligibility criteria. Any Indian citizen above 18 years of age who is in the possession of gold jewellery can take out a loan against it. Gold loans tend to have minimal additional fees and charges, unlike personal loans. Few banks have nominal processing fees while some waive them altogether.
You will also need to submit some documents when applying for a gold loan. Fortunately, the documents required are few and easily available. These include identity and ID and address proof documents like Aadhar card, PAN Card, electricity bill, etc. Your credit score is not check for sanctioning this loan, so you can borrow money without any worry.
Frequently Asked Questions (FAQs)
The worth of your gold ornaments depends on a few factors such as purity and weight. Also, most gold loan lenders offer a maximum of 75% LTV (loan to value.) This means you get an amount that is 75% of the current average rate of gold.
The longer the duration of the loan, the lower the interest rates will be. If the gold loan amount is low, then the interest rates might be slightly higher. Every bank has different rates, and eJOHRI’s representatives can help you get all the information you need on interest rates.
You can pay for the loan online through regular EMIs (interest + principal.) You have the option of paying the interest monthly as an EMI and the principal on or before the due date. You can also take advantage of the bullet repayment method. Here you repay the loan amount (interest + principal) only at the end of the tenure.