A Guide to Gold Loan Application, Charges & Repayment

Secure Gold Loan Solutions

Gold loans are one of the fastest and easiest ways to access funds when needed. Whether for personal expenses, business investments or emergencies, a gold loan allows individuals to borrow money by pledging gold as collateral. Geetham Jewellers offers a simple and secure process for obtaining a gold loan with competitive interest rates and flexible repayment options. This guide will walk you through the entire gold loan process, including application, charges, repayment and gold repledging in Tirunelveli.

Geetham Jewellers

Contact:+91 7339063882

Address: 232, West Car Street Tirunelveli town, Tirunelveli, Tamil Nadu 627006

Understanding What is Gold Loan

A gold loan is a secured loan where individuals pledge their gold ornaments in exchange for cash. Since it is backed by gold, lenders provide quicker approval with minimal documentation. Gold loans are popular because they offer lower interest rates compared to personal loans.

Some key benefits of gold loans include:

• Quick processing and disbursement

• No restrictions on end-use

• No need for a high credit score

• Lower interest rates than unsecured loans

Trusted, Transparent & Customer-Friendly Gold Loans

Geetham Jewellers is a trusted name in the gold loan industry, providing customers with a hassle-free borrowing experience. Here’s why we stand out:

Transparent Process – No hidden charges or complex procedures.

Competitive Interest Rates – Affordable rates to ease your financial burden.

Safe Storage – Your pledged gold is securely stored.

Gold Repledging Services in Tirunelveli – If you need to extend your loan tenure, we offer easy gold repledging options.

Eligibility Criteria for a Gold Loan

Anyone who owns gold can apply for a gold loan. The basic eligibility requirements include:

• The minimum age to apply for a gold loan is 18 years has the eligibility.

• The gold pledged should meet the lender’s purity standards (usually 18-24 karats).
• Basic KYC documents such as Aadhaar card, PAN card or voter ID are required.
• No proof of income is required, making it accessible for salaried individuals, self-employed professionals and even homemakers.

Gold Loan Application Process

Applying for a gold loan with Geetham Jewellers is simple:

Visit Our Branch – Bring your gold and KYC documents.

Gold Valuation – Our experts assess the purity and weight of your gold.

Loan Approval – Based on the gold’s value, we offer a loan amount.

Agreement & Disbursement – After signing the agreement, the loan amount is instantly credited to your bank account.

Gold Loan Amount & Valuation Process

The loan amount depends on:

• The weight and purity of the gold.

• The current market price of gold.

• The lender’s loan-to-value (LTV) ratio, which can be up to 75% of the gold’s market value.

• For example, if your gold is valued at ₹1,00,000 and the lender offers 75% LTV, you can avail a loan of ₹75,000.

Interest Rates & Other Charges

Understanding the charges associated with gold loans is crucial:

Interest Rates – Typically range from 7% to 15% per annum, depending on the lender and loan tenure.

Processing Fee – A nominal one-time charge for loan processing.

Late Payment Charges – If EMI payments are delayed, additional charges apply.

Gold Repledging Services – If your repayment period is about to end but you need more time, you can opt for repledging gold in Tirunelveli with Geetham Jewellers to extend the loan tenure.

Gold Loan Repayment Options

Geetham Jewellers offers flexible repayment options:

EMI Option – Pay interest + principal in fixed monthly installments.

Bullet Repayment – Pay only interest during the loan tenure and settle the principal amount at the end.

Partial Payment – Make lump sum payments anytime to reduce the outstanding loan balance.

Choosing the right repayment plan depends on your financial situation and preference.

Security & Safety of Pledged Gold

• At Geetham Jewellers, we prioritize the security of your pledged gold.

• All gold is stored in high-security vaults with insurance coverage.

• Customers receive detailed loan agreements and receipts for transparency.

• Once the loan is fully repaid, the gold is returned in the same condition.

If you are unable to repay on time, you can opt for our gold repledging in Tirunelveli, which allows you to renew your loan and prevent your gold from being auctioned.

Factors Affecting Gold Loan Approval

Several factors impact your gold loan approval and amount:

Gold Purity – Higher purity gold fetches a better loan amount.

Loan Tenure – Longer tenure loans may have slightly higher interest rates.

Repayment History – While credit score isn’t the main factor, consistent loan repayments can improve future borrowing eligibility.

If your loan period is nearing completion and you need an extension, our gold repledging services in Tirunelveli ensure that you don’t lose ownership of your valuable gold.

Contact Geetham Jewellers for Help

Gold loans are a quick and efficient financial solution for those in need of urgent cash. With Geetham Jewellers, customers can enjoy a quick and comfortable loan process, competitive interest rates and secure gold storage. Additionally, if you need to extend your loan tenure, our gold repledging services in Tirunelveli help you manage your financial commitments better.

For more information, visit Geetham Jewellers today and get the best value for your gold.

Secure Gold Loan Solutions