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GOLD LOAN

Equitas offers loan against gold to help you meet your immediate financial requirements.

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With our experience in the MFI industry over the years, Equitas has started offering Loan Against Gold since 2015.

BENEFITS

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    Instant Cash

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    NACH repayment options

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    Easy Documentation

     

     

INTEREST RATE

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
1
Processing Fee 1%  to 2% of Loan amount
2
Notice Charges Rs.50 per notice
3
Penal Charges 36% p.a
4
Cheque Bounce Charges / EMI Bounce Charges Rs.500
5
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)

 

Mean rate and Interest rate range for the quarter Apr'2023 - Jun'2023
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%

 Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.

 

Annualised Percentage Return (APR) for the quarter Apr'2023 - Jun'2023
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