Loan against gold

To secure the loan, you need to pledge your gold jewelry or ornaments as collateral.Our cooperative credit society will assess the value of the gold based on its purity, weight, and prevailing market rates. The loan amount approved will be a percentage of the assessed value, typically ranging from 60% to 80%.

Our cooperative credit societies have trained professionals who evaluate the quality and purity of the gold being pledged. They use various methods, such as acid tests or X-ray fluorescence, to determine the gold's purity and arrive at its market value. The assessment process ensures transparency and accuracy in determining the loan amount.

The loan amount you can receive against your pledged gold will depend on the cooperative credit society's policies and the assessed value of the gold. The interest rates charged on the loan will also vary and may be influenced by factors such as market conditions and regulatory requirements.

we provide flexible repayment terms for loans against gold. The loan can typically be repaid in monthly installments over a specified period. The repayment terms, including the installment amount and duration, will be agreed upon during the loan application process.

The gold jewelry or ornaments pledged as collateral will be kept securely by us until the loan is repaid. The society will provide proper storage and insurance for the pledged gold to ensure its safety during the loan tenure.

We may charge processing fees or other charges for loan applications against gold. It's essential to inquire about these fees and charges upfront to have a clear understanding of the total cost of borrowing.

Once the loan is fully repaid, including principal and interest, you can redeem your pledged gold from the cooperative credit society. The society will return the gold to you, following the necessary procedures and documentation.