Gold Loan

Financial Difficulties don’t warn before coming. Big amount may be needed any time. It is important to be prepared for such situations. And to help you beat these situations, we provide quick Gold Loan. You can get money within 15 minutes of loan application to solve the financial problem immediately.

  • Loan available in 15 minutes.
  • Maximum loan amount.
  • 0% Processing fee.
  • Minimum paperwork.
  • Lowest interest rate.
  • No hidden charges for preterm closing of loan account.

Frequently Asked Questions (FAQs)

1. What is a Gold Loan?

A Gold Loan is a type of secured loan where you pledge your gold ornaments as collateral to get instant cash. It’s one of the fastest ways to meet urgent financial needs like medical emergencies, education fees, or business requirements. Most institutions provide Instant Gold Loan approvals with quick disbursal.

2. How can I get a Gold Loan near me?

To get a Gold Loan Near Me, search online or visit the nearest branch of a reputed financial institution or co-operative credit society. Look for local lenders offering Gold Loan in 15 Minutes with low interest rates and trusted services.

3. Who is eligible for a Gold Loan?

Any Indian citizen aged between 18 to 70 years, who owns gold jewellery, is eligible. Unlike other loans, there is no need for income proof or a high credit score. This makes gold loans ideal for self-employed individuals, housewives, and farmers.

4. What are the documents required for a Gold Loan?

Gold Loans require Minimal Documentation, such as:
• Aadhaar Card or any valid ID proof
• Address Proof (like utility bill or voter ID)
• Passport-size Photograph
No income proof or guarantor is needed, making it a fast and hassle-free loan option.

5. How much loan amount can I get against my gold?

The loan amount is based on the purity and weight of your gold. Most lenders offer up to 75% of the market value of the gold. For example, if your gold is worth ₹1,00,000, you could get up to ₹75,000 as a loan.

6. What is the interest rate for a Gold Loan?

Gold Loan interest rates usually start from 7% to 12% per annum, depending on the lender and loan tenure. Compare different lenders near you to find the best deal.

7. How fast can I get the loan amount?

If you visit a branch that offers Instant Gold Loan, and carry the required documents, you can receive the loan amount within 15 to 30 minutes. Some lenders even promote Gold Loan in 15 Minutes using advanced gold purity testing machines.

8. Is my gold safe during the loan period?

Absolutely. Your gold is stored in high-security lockers with insurance coverage. Once the loan is repaid, the gold is returned to you in the same condition.

9. What are the repayment options available?

Repayment options are flexible, with tenures ranging from 3 to 36 months. Many institutions offer bullet repayment (lump sum at the end) or EMIs. Choose a plan that suits your financial needs.

10. Can I prepay or foreclose my Gold Loan?

Yes. Most lenders allow prepayment or foreclosure with zero or nominal charges. Prepaying helps save on interest.

11. Will defaulting affect my credit score?

Yes. Failure to repay the loan on time may affect your credit score and can lead to legal action. After several notices, the lender may auction your gold to recover the loan.

Galaxy Co-Operative Credit Society

Reg. No: SAT/PLN/RSR/CR/617/2018-19/2018

Phaltan Branch 01

Pushp Complex, Office No. 2, Ring Road, Phaltan - 415523
+91 84592 23327

Phaltan Branch 02

In Front Of Mahavir Pillar Gate No.3, Phaltan - 415523
+91 98607 22530

Sakharwadi Branch

Next to Bankar Doctor Clinic, Sakhrwadi - 415522
+91 98604 44557

Rajale Branch

Near Namjoshi Udyan, Rajale - 415523
+91 96731 35454

Pune Branch

Vishal Arcade, Office no. 3, 4, 5, 6, Chaphekar Chowk, Chinchwad - 411033
+91 70709 78181

Galaxy Co-Operative Credit Society
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