GOLD LOAN
Equitas offers loan against gold to help you meet your immediate financial requirements.
With our experience in the MFI industry over the years, Equitas has started offering Loan Against Gold since 2015.
Instant Cash
NACH repayment options
Easy Documentation
| Gold Loan | ||
| Type of Loan | Segment | Effective Rate Of Interest (p.a.) |
| Fixed | Agriculture | 12% |
| Fixed | Others | 11% to 20% |
Charges
| Sr. No | Type | Charges |
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Processing Fee | 1% to 2% of Loan amount |
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Notice Charges | Rs.50 per notice |
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Penal Charges | 36% p.a |
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Cheque Bounce Charges / EMI Bounce Charges | Rs.500 |
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Stamp Duty Charges | 0.1% to 0.2% of loan amount (as per state stamp act) |
| 6 | Custodian Charges | 3% p.a |
| 7 | Pre - Closure Charges | .50% to 2% of of Loan Amount |
| *Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable) | ||
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| Segment | Mean interest rate | Interest rate range | |
| Min Rate (in %) p.a. | Max Rate (in %) p.a. | ||
| Agriculture | - | - | 12% |
| Non-Agriculture | 16.92% | 10.75% | 24% |
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Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts. |
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| Segment | Min Rate (in %) | Max Rate (in %) |
| Agriculture | 12% | 15% |
| Non-Agriculture | 10.50% | 20% |
| * Annual Percentage Rate: The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate | ||
To make payments for the Loan via NEFT / RTGS, please contact your Home Branch – Branch Manager for further details
Calculate your Gold Loan EMI instantly with Loan Calculator
Loan Application Forms and Loan Agreements can be accessed in Form Centre
