Unlock the Value of Gold With Exclusive Features and Benefits
Leverage the value of your gold jewellery with a Gold Loan from Poonawalla Fincorp. Avail a maximum loan amount of up to ₹1 Crore with a fully digital and completely transparent application process. Meet medical emergencies, fund business needs, or cover personal expenses, with accommodating features and benefits like:
Up to 85% Loan-to-Value
Get a loan amount of up to 85% of your gold jewellery’s appraised value and unlock maximum funds without selling it.
Competitive Interest Rate
Benefit from our competitive interest rates on a Gold Loan starting from just 11% p.a. to minimise overall borrowing cost.
Minimal Paperwork
Submit only basic KYC documents for verification while applying for a Gold Loan, and get quick access to funds.
Quick Approval
Secure funds against your gold jewellery immediately with our streamlined process designed for swift approvals.
Flexible Repayment Tenure
Choose from repayment tenure options up to 36 months to comfortably manage repayments that fit with your financial plans.
Zero Hidden Charges
All applicable charges are clearly disclosed upfront with no surprises and complete transparency.
Well-distributed Network
Easily access Gold Loan services at Poonawalla Fincorp branches across multiple locations in India.
Complete Safety & Security of Your Gold Jewellery
Your gold jewellery is stored in secure vaults and returned to you safely upon repayment.
Getting your Gold Loan from Poonawalla Fincorp is a straightforward process. Simply follow these steps:
- Apply Online or at a Branch: Visit our website and click ‘Apply Now’, or head to your nearest branch to begin the process.
- Submit Your Documents: Provide your basic KYC details and the required documents, either online or at the branch.
- Pledge Your Gold as Collateral: Bring your gold jewellery to serve as collateral against your Gold Loan.
- Get Your Gold Assessed: Our experts will evaluate the purity and weight of your gold to arrive at its market value.
- Receive Your Loan Offer and Funds: Based on the valuation and applicable LTV ratio, you will receive a final loan offer. Once accepted and approved, the funds will be disbursed directly to your bank account.
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Frequently Asked Questions
A Gold Loan is a secured loan where you borrow funds by pledging your gold jewellery as collateral. Poonawalla Fincorp provides a high loan-to-value ratio of up to 85%, competitive interest rates, minimal paperwork, and quick approval.
With Poonawalla Fincorp, you can get a loan of up to 85% of your gold jewellery’s appraised value. The exact amount depends on the purity and weight of the gold you pledge.
Yes, your gold jewellery is stored in secure, insured vaults throughout the loan tenure and returned to you once you repay the loan.
You only need to submit basic KYC documents for identity and address verification to apply for a Gold Loan from Poonawalla Fincorp.
Poonawalla Fincorp offers competitive interest rates starting at 11% p.a. on a Gold Loan. The final rate for your loan offer depends on factors such as the loan amount, tenure, and value of the pledged gold.
Our in-house experts assess the purity and weight of your gold jewellery to arrive at its current market value. The loan amount is then calculated based on this valuation and the applicable LTV ratio.
Poonawalla Fincorp offers flexible repayment tenure options up to 36 months for a Gold Loan. This allows you to choose a schedule that suits your financial situation.
To be eligible for a Gold Loan from Poonawalla Fincorp, you must be an Indian citizen between 21 and 65 years of age. Along with this, you need to pledge gold jewellery with purity between 18 and 22 Karat.