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Frequently Asked Questions
What is a gold loan?
A Gold Loan is a collateralized loan that allows easy access to financing. There are multiple different schemes in gold loans such as monthly interest payment, bullet payment & jumping interest. FinMetGold does NOT facilitate jumping interest schemes, the interest you sign up for will be the interest you pay for throughout the loan period.
What are the benefits of a gold Loan?
Gold Loans are arguably the most convenient and fastest way to get financing. A gold loan is a fully collateralized financing product, and as long as basic KYC criteria are met, financial institutions are more likely to offer a loan.
What are the matters to keep in mind whilst taking a gold Loan?
Research into gold loans will explain that the experience will be heavily impacted by the financial institution the customer chooses. Reputable banks have built this confidence by offering reliable solutions to public demand. This extends to gold loans by offering trust, relatively low-interest rates, and the highest value for your gold. FinMetGold only works with reputed banks to provide the customer with an easy, hassle-free gold loan from your home.
Is a CIBIL rating required for a gold Loan?
CIBIL score is not required for a gold Loan.
What are the documents that I need to put up?
Banks require ID proof & proof of address to perform their KYC. ID proof includes Aadhaar, PAN, voter ID, and passport. Address proof can be a bill payment such as an electricity or water bill. Aadhaar, PAN & electricity are the most common documents FinMetGold collects on behalf of the bank.