Overview
Benifits
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Eligibility
Features
Fees & Charges
FAQs
Get Instant Funds with
Lokmanya Society Gold Loan
Gold loans provide a distinct financial solution for individuals needing immediate funds by using gold as collateral. These loans are beneficial due to their secured nature, which generally results in lower interest rates compared to unsecured loans. Here are the key features and benefits of gold loans
Why choose Gold Loan?
Loan starting from Rs. 10000/-
Multiple repayment option
Free insurance of Gold
Minimum Documentation
Did you know?
A longer gold loan tenure can lower your rate of interest
Lokmanya Society has 213 branches across india
Borrowed funds can be used for any purpose.
You can get a gold loan with just Minimum KYC Document
Apply Now
Eligibility Criteria and Documents Required for Gold Loan
Anyone can apply for our gold loan, as long as they meet the basic gold loan eligibility criteria mentioned here. They will be asked to submit a few basic documents to complete their application process.
Eligibility Criteria
- Age: 18 – 72 years
- Gold purity: 18 karat – 22 karat
Documents required
- Pan card
- Adhar Card
- Voter ID/ Passport/ Driving license
- Residential Proof (Electricity Bill/Postpaid Bill)
Gold loans starting at ₹10,000 with minimal paperwork.
Looking for an instant gold loan near me? Lokmanya Gold Loan offers an instant gold loan with quick approval, minimal paperwork, and fast disbursal through its extensive branch network.
Note: Final amount depends on gold valuation at branch.
Note: This is an approximate gold value based on the selected purity and displayed rate.
How to Use the Gold Loan Eligibility Calculator?
- Fill in the gold weight (in grams) or Input the amount required.
- Click on “Calculate” to see your Gold Loan eligibility details.
Benefits of Using the Gold Loan Calculator
- Get accurate calculations
- Fast results
- Saves time
- Facilitates informed decision-making and better loan planning.
- Allows for easy comparison
- Free and easy-to-use
- Leaves zero room for manual errors
Features and benefits for Gold Loan
No Credit Score Requirement
Borrowers do not need a high credit score to avail of a gold loan.
High Loan to Value Ratio
We can offer the best industry rates of the gold’s value as a loan, ensuring maximum capital for the borrower’s needs.For mahila & sr.citizen more benefits than normal persons.
Flexible Tenure
Loan tenure can range from 6 months to 12 months, providing flexibility in repayment.
No Prepayment Charges
Borrowers can repay the loan before the tenure ends without any prepayment charges, providing financial flexibility.
FAQs
1. How much loan can I get against my gold?
The loan amount depends on the purity, weight, and current market value of the gold you pledge. Typically, you can avail up to 75-80% of the gold’s value as a loan.
2. What is the interest rate on a Gold Loan?
The interest rate on a Gold Loan varies based on the loan amount, tenure, and the scheme you choose. Please check with us for the most current rates.
3. Can I prepay my Gold Loan?
Yes, you can prepay your Gold Loan fully before the end of the tenure. No extra charges will be charged for prepayment.
4. Is my gold safe with the Lokmanya Multipurpose Co-op. Society Ltd?
Yes, your gold is securely stored in a safe vault by the us and is insured for the entire loan tenure.
5. What happens after I repay my Gold Loan?
Once the full repayment is made, your pledged gold will be returned to you in the same condition as it was submitted.
6. What is the tenure for repayment of the Gold Loan?
The tenure for repayment can range from a few months to a few years, depending on your preference and the Lokmanya multipurpose co-op Society Ltd terms.
Support You Can Trust
We’re focused on solving your queries as fast as possible, always prioritizing your satisfaction.
On-Call Support
1800-212-4050
goldloan.ho@lokmanyasociety.org,
Locate Us for
Gold Loan Branch
