Gold loan

Gold loan Service By WinRich Professional Services Pvt Ltd

Gold is a valuable asset, and with it comes surety and stability, so why not let it work for you? Gold Loan is your definitive solution to meet your imperative financial needs.

estate agent giving house keys to client after sig 2021 08 30 17 37 14 utc 1

What Is A Gold Loan

Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold.

Gold loan is similar to personal loan in meeting your immediate financial requirements, be it an international education, marriage expenses, covering medical emergencies or any other personal use.

Features

Get Started Today
As an independent agency, WinRich Professional Services Pvt Ltd Helps you find the right coverage
Bangalore, Karnataka
Our Services are available in Mumbai, Pune, Satara, Kolhapur, Delhi, Gujarat and surrounding areas.

Features & Benefits Of Gold Loan

Quick Disbursal- Minimum documentation leads to faster processing of gold loan due to its secured nature.

Flexibility of Use- Since there is no monitoring of the end use, it gives you the flexibility to use the loan for any type of expense.

Secured Loan Type: You are not required to submit any other security/collateral to the lender other than the pledged gold ornaments.

Lower Interest Rate: Interest rates on gold loans are on the lower side when compared to personal loan, since gold serves as collateral.

Liquidate your idle asset: An idle asset, gold is seldom used for generating money. Hence gold loan is the perfect solution to raise capital and use the fund when you require money to meet your financial needs. It is also more secure in the confines of a bank’s or a financial institution’s locker than your home.

Home Loan

Purchase your dream house with a home loan

Auto Loan

Financial support to get access to your new vehicle

Loan Against Property

Get loans sanctioned using your property

Loan Against Security

Get your investments to work smarter for you.

Factor affecting Gold Loan

Consider the Factors Affecting the Price of Gold

One should take a note of various aspects that indirectly or directly affect the gold loan interest rates, viz.

  • Inflation
  • Global movements in Gold prices
  • Procurement of Gold by Government
  • Demand-Supply mismatch in the jewellery market

Tenure of Gold Loan- Gold loans are generally short term to medium term sources of finance. Based on the time frame, ensure that you repay it during the specified term and secure your gold back into your treasury

Understand the Valuation Method of Different Banks- Understand the valuation methods adopted by the lenders. Remember, none of the lenders will provide entire value of your gold as loan. It is necessary to note that the amount of money obtained from gold loan varies in different banks based on the margin amount.

Learn about the Repayment Terms and Conditions-Enquire properly before you finalise the gold loan lender! Again, the repayment policies and structure vary from lender to lender. Some of the banks allow payment at the end of the tenure, while some of them also allow repayment in terms of instalments or EMIs. Note that EMI will include the repayment of interest and principal amount during the loan tenure.

 Identify the Gold Loan Interest Rates- Consider the fact that interest rates on gold loans are higher than educational loans and home loans. Hence, you should evaluate the interest rates charged by different banks. Choose a suitable bank or money lender, after considering their repayment policy, tenure and the interest rates.

Conclusion

Gold loans are fast and easy, but, you must make sure that you pay the loan back or the gold would have to be surrendered. A preferable place to take a gold loan would be a gold loan company rather than a bank, as disbursement could be quick.

Address

No: 183, Viharis Travels Bldg, 15th cross, Margosa road, Malleshwaram, Bangalore – 560 055
KARUNA COMPLEX with unit no. G4 , Ground floor, 337/3, Sampige Road, Malleswaram, Bangalore 560003

Contact Details

Phone No: 9880594132
Email: knsridharan@winrich.in
Report a Claim

We'll help through the process of claim from start to finish

Request Proof

Need your investment proof, let’s help you get that quickly

Investment Update

Get your Investment update

Pay Online

Online payment option available in some cases

Review Your Investment

Get help in reviewing your current investments

Contact us

Connect with us for any help on personal finance

WinRich Professional Services Pvt Ltd

Our services are available in Bangalore and surrounding areas.

Need a personalized solution?

WinRich Professional Services Pvt Ltd is ready to cater
all your Insurance Requirements

Customer first

Customers and their needs are our first priority. All our insurance plans are tailor made

Community Focused

We give back to our community and get involved with the charities we support.

Passion

We go the extra mile to exceed your expectations, no matter what you need.

Experienced Agents

With extensive experience, we understand what it takes to bring you quality coverage.

We at , WinRich Professional Services Pvt Ltd suggest you the right product with our expertise.

Bangalore, Karnataka

No: 183, Viharis Travels Bldg, 15th cross, Margosa road, Malleshwaram, Bangalore – 560 055
KARUNA COMPLEX with unit no. G4 , Ground floor, 337/3, Sampige Road, Malleswaram, Bangalore 560003