known as the Directorate Financial Services Organization, is a regulatory entity of RBI within India's financial services industry.
Info@dfs.org.in
DIFSO:
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; Ruloans 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 Gold Loan
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.
Note: The above eligibility criteria are for indicative purposes only, and can vary from lender to lender.
Fees and Charges for Gold Loan
The fees and charges of gold loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to gold loans:
Particulars
Charges
Loan Processing Fees
0.5% to 4% of loan amount
Loan Cancellation
Usually around Rs 3,000
Stamp Duty Charges
As per actuals
Legal Fees
As per actuals
Penal Charges
Usually @ 2% per month; 24% p.a.
EMI/Cheque Bounce
Around Rs 400 per bounce
Documentation for Gold Loans
Documents Required for Gold Loan
The documents required for gold loan are the least among all the loan products
Documents required
- • List of Documents Required
- • Identity and signature proof
- • Voter ID
- • Passport
- • Aadhaar Card
- • Driving License
- • PAN Card
- • Employee Identity Card (in case of government employees)
- • Address Proof
- • Rent Agreement
- • Bank Statement
- • Votar ID Card
- • Passport
- • Driving License
- • Telephone/Electricity/Water/Credit Card bill or Property tax.
- • Two post-dated cheques for security purposes
- • Passport-size photographs
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