Gold Loan

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Gold Loan Overview

Wedding

Weddings celebrate is the most memorable celebration ever, everyone knows that Indian weddings can be an expensive affair. It doesn’t matter what your initial budget is, you’ll always end up spending a little more to make your special day a memorable one.

Occasions

On Festival occasions, everybody knows that Indians buy gold has a mark of purity and happiness. With Nitstone Gold loan scheme, we also realize that at times you don’t have surplus cash or credit we encourage customer to buy gold without any hassle

Benefits & Features

Nil foreclosure charges

In case you choose to foreclose your loan anytime during your tenor after the first EMI is paid, you can do so without any added foreclosure charges. Our Gold Loan fees and charges are the bare minimum.

Assured security of your gold ornaments with strong rooms

Only the world class security protocols being followed to ensure your property is in the safest of hands.

Part release facility

This facility allows the customer to withdraw some of the Gold Ornaments against which the loan was provided.

Repayment facility

Repayment is available at all Nitstone Finance Limited branches, our franchisees and consumer durable dealer outlets across India.

Accuracy

- In-house gold valuation with a Carat Meter
- Loans ranging from Rs.25,000 to Rs.25,00,000
You are eligible to get up to 25 lakh towards your gold ornaments with a loan tenor of 1 month to 36 months. Know more about Gold Loan eligibility and documents required.

Flexible repayment option with wider range of schemes

- Bullet Scheme - pay only interest, monthly or quarterly
- EMI scheme – total amount divided into equal EMIs
- Flexi scheme – Multiple options for part payment and top up without charges (Innovated for builders, big traders and businessmen)
- Upfront interest – Pay interest upfront at the start of your loan period and the rest after completion.

Part pre-payment facility

There are times when you may have some extra cash in hand, you can then choose to pre-pay a part of your loan amount which would not only reduce your overall tenor/EMIs but also help you close your loan quickly.
These points will help you understand part-prepayment better:
- You can pre-pay up to six times in a calendar year
- The minimum pre-payment amount cannot be less than the sum of 3 EMIs.
- There is no maximum limit for the pre-payment amount.

Flexible payment options

Interest or EMI payment can be made through cash or through ECS mandate.

Fast processing

Quick loan processing at Nitstone Finserv branches. Find a Nitstone Finserv branch near you.

Eligibility & Documents

Applications for gold loan are accepted from:

  • Farmers, traders, salaried, self-employed professionals and businessmen
  • Between, minimum 21 years to a maximum of 70 years of age - Self-employed professionals/non-professionals.

Document required for Gold Loan eligibility:

  • Photo ID
  • KYC proof

Ready to Apply

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How to Apply

Step 1

If you fulfill the Gold Loan eligibility, you are required to visit the nearest Nitstone Capital branch to apply for a gold loan.

Fees & Charges

  • EMI Scheme on gold loan rate starts from 8.8%
  • Gold loan interest scheme starts from 14%
Product category Processing fees
EMI scheme 1%
Upfront interest scheme NA
Only Interest scheme 1%

 

FAQ