What is Fincare Small Finance Bank Gold Loan?

The gold loan falls in the category of secured loan, the loan is given by the banks by mortgaging our gold. It is returned once the borrower returns the due amount back. It is the best option for fulfilling many of your dreams whatever they may be.

Advantages of Taking Fincare Small Finance Bank Gold Loan

  • It is an instant and hassle-free process.
  • you get approval instantly.
  • Simple documentation.
  • Dedicated assistance by experts.
  • No salary certificate or credit history required.
  • Lowest Interest Rate.

Interest Rate of Fincare Small Finance Bank Gold Loan

  • The gold loan starts from an interest rate of 11.5% and varies from bank to bank.
  • The Pre-closer charges range from 0-2%.
  • Tenure of borrowing is a minimum of six months and a maximum of five years.

Eligibility for Fincare Small Finance Bank Gold Loan

  • Minimum age of the applicant must be 21 years.
  • Maximum age of applicant at loan maturity should be 65 years.
  • Gold jewelry should be owned by the applicant or any of the family member.
  • The gold ornament submitted should be at least 18 karats or above but not 24 karats.
  • The gold loan can be availed by an applicant who has at least 10 grams of gold.

Documents for Fincare Small Finance Bank Gold Loan

  • Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
  • Address Proof(Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
  • Signature Proof ( Passport/ PAN Card/Banker’s verification/ cheque).
  • 2 passport size photographs.

How to Apply?

  • The applicant has to pledge the gold to the Bank in return for the loan amount. After you take your ornaments to the bank, the in-house jewelers access your gold in terms and weight.
  • Then, according to the market value of gold, the bank gives the finance to the loan seekers the cash equivalent to around 70%-75% of the value of their gold.
  • Now, the bank has the possession of your gold ornaments until the full repayment of the loan amount is done.
  • Finally, when you repay the whole amount of loan, the bank returns the gold to the customer.

This process is also online. You can apply on  www.bookmyloans.in It is a simple process.

Gold Loan Interest Rate of Major Banks


 Interest Rates

HDFC Bank Gold Loan

10.00% – 14.50%

ICICI Gold Loan

10.00% – 16.10%

Muthoot Finance Gold Loan

12.00% – 24.00%

Axis Bank Gold Loan

14.50% – 17.00%

Manappuram Gold Loan

19.00% – 26.00%

Yes Bank Gold Loan

10.00% – 15.99%

Bank of India Gold Loan

19.00% – 26.00%

Federal Bank Gold Loan 

11.75% 13.50%

IIFL Gold Loan

12.00% – 12.00%

Central Bank of India Gold Loan

12. 90% – 14.65%

Canara Bank Gold Loan

12.65% – 12.65%

Andhra Bank Gold Loan

11.70% – 10.45%

Induslnd Bank Gold Loan

11.15% – 15.75%

PNB Gold Loan

10.75% – 11.75%

Bajaj Finance Gold Loan

14% – 26%

Bandhan Bank Gold Loan

11.5% – 14.5%

DCB Bank Gold Loan

14% – 16%

SBI Gold Loan


Indian Bank Gold Loan

10.00% – 15.99%

UCO Bank Gold Loan

19.00% – 26.00%

Kotak Mahindra Bank Gold Loan

11.75% – 13.50%

Syndicate Bank Gold Loan

12.00% – 12.00%