Gold loan by brands at eJOHRI
In these uncertain times, emergencies can strike at any time. You need to be prepared to deal with these problems and meet your urgent money needs. Fortunately, the easiest and safest way to get a large sum is to apply for gold loan by brand.
You can get a gold loan by giving your gold jewellery to the bank that then holds them for a certain period of time. In return, you get a loan amount based on the quality, weight of gold, etc. After you repay the online gold loan, you’ll get your jewellery back in perfect condition.
At eJOHRI, you can avail low-interest gold loans from its partner institutions. Apply for gold loan by brand online by visiting the eJOHRI gold loan website. Almost anybody can get a gold loan. The best part about taking an online gold loan by brand is that you require minimum paperwork and documentation
So, if you’re facing a financial emergency, gold loans can come to your rescue. However, finding the right bank or NBFC can be time-consuming. Thankfully, eJOHRI has partnered up with leading financial institutions within India so you can apply for a gold loan by brand online with ease.
Financial institutions providing gold loan
There are a large number of NBFCs and banks that provide hassle-free gold loans at a moment’s notice. Here is a list of eJOHRI’s top partner institutions.
|About||Loan amount||Loan tenure|
|HDFC||HDFC is one of the most customer-friendly gold loan providers. It has multiple repayment options, and also offers agriculture gold loans at lower interest rates. This bank also has no hidden terms and conditions or hidden fees.||12 months|
|Muthoot Finance||When looking for a gold loan by brands online you can’t go wrong with Muthoot Finance as they are synonymous with this type of loan. They offer a large number of unique plans to fulfil a diverse number of needs, and there are no charges for prepayment of the loan.||20,000 to 50 Lakhs||12 months|
|Fincare||Fincare is a fast-growing bank and a favorite among small businesses, allowing you to get up to 75% loan to the value on your gold. It offers different schemes for different needs, which means you can get a wide variety of loans from Fincare.||10,000 to 30 Lakhs||6 months|
|India Gold||India Gold offers great interest rates and promises a high per gram rate and quick disbursal. You can also shift your existing gold loan to India Gold to save money. The pledged gold is sealed in GPS-enabled packets and stored in secure lockers.||10,000 to 5 Lakhs||6 months|
|IIFL||With over 3.5 happy customers, IIFL offers super speedy loan approvals and quick payments within 30 minutes. All you need is to pledge gold 18KT and above, and their representatives calculate the value and share it with you immediately. Your gold also receives free insurance and is kept safe in vaults.||3000 to 5 Lakhs||9 Months|
|Mangal Credit and Fincorp||Mangal Credit allows you to get instant loans in under an hour with minimal documents (only KYC) required. The most unique thing about this gold loan is that that you can get a very small amount of loan of Rs. 3000 to cover quick emergencies. They also give customized schemes for every customer.||3000 to 50 Lakhs||12 Months|
Gold loan interest rates of major banks/NBFC
Before you go for gold loan by brands online, consider studying the interest rates of all NBFCs and banks, as it will help you make a better decision. This table compares interest rates of eJOHRI’s partner institutions:
|Interest Rates||State Specific Rates (Tamil Nadu/Kerala)|
|HDFC||0.83% to 1.25%||-|
|Muthoot Finance||14% to 23%||18% to 22%|
|Fincare||12.99% to 22.99%||-|
|India Gold||4.50% to 7.50%||-|
|IIFL||0.83% to 1.83%||-|
|Mangal Credit and Fincorp||1% to 2%||-|
Fees and charges
When you apply for gold loan by brand online, you’ll notice that the process is very transparent. The table below will show how much you might be charged by each institution for using their services:
|Application Procedure||Processing Fee|
|Mangal Credit and Fincorp||Individual||-|
Gold loan EMI calculator
EMI is the amount of money that you would have to pay every month to repay the loan. This sum usually includes the principal amount plus the interest. The calculator shows you the EMI and lets you carefully plan your finances in advance, so you that you can pay back the loan with ease.
Here’s how to do loan EMI calculations:
- Enter the loan amount.
- Enter the loan duration.
- Include the interest of the online gold loan by brand.
- Wait for the calculator to show you the EMI and payment breakdown.
Gold loan eligibility and documents
Almost anyone is eligible to take advantage of a golden opportunity and take out an online gold loan by brand.
Look at the below table to understand the eligibility criteria.
|Age||18 and above|
|Country of Residence||India|
|Occupation||Salaried professional, student, entrepreneur, pensioner, homemaker, self-employed, business owner.|
|Gold Purity||18 KT and above|
|Credit Score||Not required|
You will also need a few documents when applying for an online gold loan by brand. These might vary from one bank/NBFC to another. Here are some documents that you might require:
- Pan Card or Form 60 (Compulsory)
- Aadhar Card
- Voter ID Card
- Driving License
- Rent Agreement for address proof
- Valid Indian Passport (if applicable)
How to apply for gold loan online?
Applying for a gold loan is as easy as getting it. Here’s a step-by-step process to help you out:
- Step 1: Enter your name and contact details
- Step 2: Input the required amount and press enter
- Step 3: Sit back and wait for the respective representatives to enquire about your gold ornaments.
Another way to apply for gold loan by brand online is by giving a missed call on eJOHRI’s number. One of our representatives will reach out to you to take the process forward.
How to pay for your gold loan EMI?
Once you get the amount, you can repay your EMI in a lot of ways. You can choose to pay through an online portal using your phone or computer. Instalments can be paid with online banking, debit cards, credit cards without any hassles. Some lenders may also allow you to visit their branch and deposit cash or cheques. The best part about paying for gold loans by brands online is the flexibility. Our partner institutions offer flexible EMI payment schemes to make it easy on your pocket.
Why avail gold Loan from eJOHRI?
It can be tiresome to hop from site to site to learn more about each (brand loan) and compare them. Fortunately, eJOHRI has partnered with these institutions, so that you can manage your loan needs all from one platform. Whatever the amount, interest, tenure, you’re looking for, you’ll be able to get it when you apply for gold loan by brand online at eJOHRI. Additionally, you don’t have to spend time talking to bank representatives about your loan, as we will help speed up this process. We will also assist you every step of the way, free of charge! Our customer support team is ready to answer all questions regarding the process so you can have a smooth experience.
Frequently Asked Questions (FAQs)
Unlike a business loan, gold loans are short-term. The duration of gold loan by brands online can span anywhere from 3 months to 36 months.
According to the Reserve Bank Of India, the maximum LTV shouldn’t exceed more than 75% of the value of the gold ornaments.