Apply for Gold Loan
EMI Calculator
*The market value of your gold is calculated by taking 30 days average gold rate of 22 carat gold. Purity of the gold is assumed at 22 carat. *You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.
Loan in just 15 minutes
Apply with PAN or Aadhar Card
Loans starting from Rs.5,000
Multiple repayment options
To apply for a gold loan, you can follow these general steps. Keep in mind that the specific process might vary depending on the lender and the country you're in. Here are few points to keep in mind before Applying Gold Loan:
How is Gold Loan EMI Calculated?
Gold Loan EMI (Equated Monthly Installment) is calculated using the following Compound Interest formula:
EMI = [P * r * (1 + r)^n] / [(1 + r)^n - 1]
Where:
EMI = Equated Monthly Installment
P = Gold Loan principal amount
r = Monthly interest rate (Annual interest rate divided by 12, expressed as a decimal)
n = Gold Loan tenure in months
The fees and charges of gold loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to gold loans:
4/5
I went to Ruloans Andheri East branch and the employee who works are very friendly.They have sanctioned the Gold loan within couple of hours. The interest rates are very less as like Government rules. Its a timely and the service is really good. I had a good experience.
JEET RAIKAR
4/5
Ruloans helped me in getting an instant gold loan. With all my Kyc documents in order I went to HDFC Bank to deposit my gold and receive an instant disbursal. Great work by Ruloans. I received a loan at 3% and one thing to keep in mind is that your gold should be more than 18 carats.
HEMANSHI VERNEKAR
4/5
Through ruloans, I have taken a gold loan with HDFC in 4% rate of interest. Acknowledgement card would be provided with all the payment details and I get SMS alerts for renewal. Yearly once complete payment can be done or by paying interest rate I can go for renewal.
KAREENA YADAV
4/5
Ruloans helped me in getting an instant gold loan. With all my Kyc documents in order I went to HDFC Bank to deposit my gold and receive an instant disbursal. Great work by Ruloans. I received a loan at 3% and one thing to keep in mind is that your gold should be more than 18 carats.
KRISH PAI
A gold loan is a secured loan where you pledge your gold ornaments or assets as collateral to borrow money from a financial institution.
The loan amount depends on the purity and weight of the gold. Lenders usually offer around 60-75% of the gold's value as a loan.
Repayment periods are flexible, usually ranging from a few months to a few years, depending on the lender's terms.
If you can't repay, the lender will auction the gold to recover the loan amount. It's essential to communicate with the lender to explore options before this happens.
Lenders usually have secure storage facilities for the pledged gold to ensure its safety.
Charges may include processing fees, valuation fees, and in some cases, foreclosure charges or late payment fees.