What is Gold Loan Software? Gold loan is an easy and simple concept. It is a method by which a customer gets a loan by submitting his/her gold ornaments or jewellery as a guarantee. To be precise a gold loan requires gold ornaments as security .Gold loan software is complete utility software for managing the gold loan, customer data management, loan accounting, loan accounting etc., for gold finance companies. Gold loan software is enriched with facilities to create numerous loan types and interest schemes. The gold loan software is specially crafted to track the premiums and loan processing ..read more

What is gold loan interest calculator? To calculate the EMI against the gold loan one plans to take out, individuals or applicants can use Gold Loan EMI Calculator, which is accessible online. Individuals or applicants keep their self-owned gold or gold ornaments as collateral or security with the lender (a bank or NBFC) until the loan is fully repaid. Gold Loan EMI calculator can help applicants to determine the approximate EMI that they will have to pay to repay the borrowed amount. Interest rates and repayment terms offered by leading financial institutions can be tried using this calcula ..read more

Gold loan with overdraft facility? You may use the Gold Overdraft Loan to spend as much as you want, whenever and wherever you want, as long as your credit limit is not exceeded. You may transfer payments, shop online, and pay bills directly from your loan amount, as well as use ATM cards, mobile banking, and internet banking to do so. You simply have to pay interest on the amount you borrow during an overdraft. During the loan period, you can release or substitute golden ornaments. With an overdraft, you simply have to pay interest on the amount you borrow. You will release or replace gold ..read more

The auction process involves the following steps: Default/ intimation notices to the borrower. Pre-auction intimation notice to the borrower. Advertisement for conducting auction. Guidelines to conduct auction. Documentation of auction event. Delivery of gold jewellery. Loan adjustment. Communication to the borrower Meaning of gold auction? The term “auction” used in the policy shall mean realization of the security (pledged gold ornaments) created against the loan in public auction only including online auction. Whats auction means? An auction is a sales event wherein potential buyers ..read more

What is gold loan ? The collateral for a gold loan is the borrower's gold valuables. The borrower uses this collateral to secure a short-term or long-term cash loan from the Reserve Bank of India. They apply for a loan up to 90% of the current market value of the gold they want to pledge as collateral. The value of the gold that can be pledged ranges from 22-24 karats. A loan against your valuable gold in any physical form is known as a gold loan. In a gold loan, gold acts as collateral for your cash needs. The prepayment period or gold loan tenure varies from one institution to another. It ..read more

Features and benefits of Gold Loans: Lower interest rate Faster processing Enjoy anytime liquidity Option to pay interest only Nil processing fee No foreclosure charges Income proof is not required No requirement of credit score Safety of gold No restriction on the end-use of the funds 1.Lower interest rate Being a secured loan, gold loans are generally subject to lower rates of interest as compared to other financing options such as personal loan, home loans or other secured loans. 2.Faster processing As gold loans are backed by physical gold, it thus involves lenient eligibility criteri ..read more

Which gold loan is best? There are times when the capital demand exceeds available funds, but the need for capital is continuous. It is crucial to understand how to select the best gold loan firm in India if you want to take out a gold loan. Despite the fact that numerous firms provide gold loans, you must recognise how to select the best company to get a gold loan if you're interested. Gold loans have become one of the most widely used methods to raise funds and fulfil personal capital requirements. Gold loans are offered by various firms, yet it is crucial to recognise how you can obtain a ..read more

what is the eligibility for gold loan? Gold jewellery or coins may be held or owned to qualify for a jewellery mortgage. What are the required documents? You may want to know about jewellery loan eligibility and what supporting documents are required. Most applicants know about a jewellery credit—but have little idea about its eligibility or requirements. Keep reading to learn more. In any case, any individual who owns gold coins or jewellery can apply for a jewellery loan with a bank or financial institution, the finest thing about which is that no income-proof documents are required. Despit ..read more