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Leverage your gold and give a boost to your dreams!
Almost every Indian household has a few items of gold hoarded away for a rainy day. You can now use your gold
holdings –
in the form of jewellery – to help you get easy and quick financing for your needs.
holdings –
in the form of jewellery – to help you get easy and quick financing for your needs.
Highlights
Co-applicant / guarantor not required
Higher Loan-to-Value Ratio
Monthly EMI, Monthly Interest, Bullet Repayment
* Gold Loan facility is available at select branches.
Safety
We realize that your gold comes attached with a thousand sentiments. Which is why we ensure utmost protection for your gold while you go out and realize your dreams!
Features
Frequently Asked Questions
About Ujjivan SFB Gold Loans
A loan taken against your Gold Jewellery is known as Gold Loans.
Eligibility - An Indian Resident between the age of 18 and 75 years is eligible to apply for a Gold Loan.
Individual Loans and credit card borrowings are unsecured loans and usually carry a higher rate of interest than gold loans which are secured loans.
Currently, the rate of interest on our gold loans is between 9.99% to 17.90% (T&C Apply).
Our gold loans are available in tenures that vary between 6 to 39 months.
No, there are no end-use restrictions in Ujjivan SFB's gold loans. You can use the loan proceeds as you deem fit but it should not be used for illegal and speculative purpose.
You can get your loan disbursed inside an hour! This is, however, subject to the verification of the gold, your application form and supporting documents.
Repaying your Gold Loan
3 Repayment schemes are available:-
1st Bullet Repayment - You can repay your loan through a single Bullet Repayment covering both the principal and interest at the end of the loan tenure.
2nd Monthly EMI Repayment - You can repay your loan through monthly EMI.
3rd Monthly Interest Repayment - You can repay interest on monthly basis and Principal at the time of maturity.
Yes, you can foreclose or make a part prepayment against your Gold Loan. Pre-closure charges will be applicable as per Schedule Of Charges.
Gold Assessment will happen by authorised assayer of bank within branch premise under CCTV surveillance. Based on the physical testing (which will include: Weighing of the collateral, stone testing or any additional testing methods as per need) of each collateral assayer will provide the Purity (Cartage), Gross weight, eligible deduction of non-gold components and Net weight (Gross weight – Deductions) for the collateral.
Gold reference rate will be same as published by IBJA. Last 30 days Average Price and previous day rate, whichever is lower that rate will be applicable for all purity within permissible range i.e. 18 to 24 carats.