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Gold Loan Shirwal

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When a customer deposits gold as a mortgage for taking a loan, it is known as a gold loan. The banks use the gold as security against if any payment default id held by the applicant. The Gold loan Shirwal amount approved is a certain percentage of the value of the gold that has been deposited.


Gold Loan Shirwal Interest Rate

Gold loan is a quickest and fastest way, and it has a low-interest rate. The interest rate of gold loan on an average is 10.75% per annum. Many financial and non-financial institutions have different interest rates to different customers.


 Gold Loan Shirwal Process

The borrower should bring their gold ornaments to the financial institution to get a gold loan.

The applicant pawns your gold jewellery to the lender to generate loan amount.

After that, the purity of the gold is checked by the banks in advance.

According to the value of the gold, the applicant get cash equivalent to around 70%-75% of the value of gold.

After this, the lenders have the guardianship of gold until the full repayment of the loan amount.

Finally, the bank returns your gold in the same position when you repay the whole amount of your gold loan.


Factors upon which Gold Loan Shirwal depends

Quality of Gold: This factor plays a vital role in deciding the amount of the gold loan. The purity of gold is defined if it lies between 18 carats to 22 carats. The more is the purity of the gold, the more is the loan amount.

 Quantity of Gold: This factors tell that in how much quantity gold is available and on should not be less than 10 gm. It is the minimum requirement of a quantity which is necessary to get a loan.


Gold Loan Shirwal Eligibility Criteria

Firstly, the applicant should lies between 18 to 70 years of age group.

Foremost, the applicant who has more than 10 gm gold to invest can apply for gold loan.

The applicant must be a resident of India.

Lastly, on the bill of gold, which is to be pledged, should be in the name of the applicant or any family member.

Documentation for Gold Loan Shirwal

Identity Proof: Aadhar Card, Driving License, Pan Card, Passport

Address Proof: Passport, Bank Statement ( Active), Aadhar Card, Voter ID Card, Ration Card, Utility bills on the name of applicant (if tenant).

Agriculture proof: If applying for agriculture gold loan then ownership documents of particular land.


Why Gold Loan Shirwal?

Banks do not check CIBIL scores for loan approval.

It has a low-interest rate in comparison to a personal loan or any other loan.

It comes under the category of secured loan.

Income proof is not required to get loan approval.

Safety of ornaments is available.


Is Gold Loan secured?

Yes, Gold loans are secured against gold, i.e., your gold will be released on payment of the loan amount taken by the borrower with interest.



First of all, offers an easy method of application of the gold loan.

After application, the customer gets a good comparison of the interest rates with other banks interest rate as well.

Furthermore, the company provides the document pickup facility from your doorstep.


About Shirwal

Shirwal is a census town in Satara district in Maharashtra state, India. It had a total population of 11,887, according to the 2011 census report. The official language is Marathi.

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