Welcome

  • +91-9537-124 124

    care.f@livanity.com

  • A-504, Rajnigandha Apartment

    VADODARA-390021,GUJARAT,India.

pscDiv1Img1.jpg

In India, an HNI (High Net Worth Individual) Gold Loan refers to a type of loan offered by financial institutions, typically to individuals who possess a significant amount of gold as collateral.

HNI Gold Loan

An HNI Gold Loan, caters specifically to high net worth individuals who wish to leverage their gold assets to secure financing. These loans often come with favorable terms and conditions tailored to the financial profile of high-net-worth clients, including higher loan amounts, lower interest rates, and personalized services.

Get a Quote

HNI Gold Loan-

For an Inquiry

Occupation
Nature of Loan
pscDiv2Img1.jpg

Following are the procedure steps:

1. Documentation and Eligibility Check:

High net worth individuals interested in obtaining a gold loan need to meet the eligibility criteria set by the lender, which may include factors such as age, citizenship, and possession of gold assets.

They are required to submit certain documents, including proof of identity (such as Aadhaar card, passport, or driver's license), proof of address (such as utility bills or rental agreement), and proof of ownership of gold assets (such as gold jewelry or gold coins).

2. Evaluation of Gold Collateral:

Once the initial documentation is submitted, the lender assesses the quality and quantity of the gold offered as collateral. This involves determining the purity of the gold and its current market value.

The lender may conduct tests or use specialized equipment to evaluate the gold accurately. Some lenders may also require the gold to be appraised by certified professionals.

3. Loan Amount Determination:

Based on the value of the gold collateral, the lender determines the maximum loan amount that can be offered. Typically, lenders provide loans up to a certain percentage of the gold's market value, known as the loan-to-value (LTV) ratio.

The exact LTV ratio may vary between lenders but is usually in the range of 70% to 80% of the gold's value.

4. Loan Agreement and Disbursement:

Once the loan amount is finalized, the borrower and the lender enter into a loan agreement detailing the terms and conditions of the loan, including the interest rate, repayment schedule, and any other applicable fees or charges.

Upon signing the agreement, the loan amount is disbursed to the borrower, either in the form of cash, bank transfer, or demand draft, depending on the lender's policies and the borrower's preferences.

5. Repayment:

The borrower is required to repay the loan amount along with accrued interest within the specified tenure, which is determined at the time of disbursal.

Repayment options may include regular EMIs (Equated Monthly Installments) or a lump-sum payment of principal and interest at the end of the loan tenure.

Failure to repay the loan within the stipulated period may result in the forfeiture of the pledged gold collateral.

6. Gold Retrieval:

Once the loan is fully repaid, including any outstanding interest and charges, the lender releases the gold collateral to the borrower, either in its original form or after melting it down, depending on the lender's policies and the borrower's preference.

Why choose Livanity for HNI Gold Loan?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For HNI Gold Loan, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for you to apply for a HNI Gold Loan at Livanity:

Fast assistance:

At Livanity, you can contact us at any official working hours of the day.

Customer needs in forefront:

Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking loan offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online:

With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support:

Our customer support team is fast and efficient to clear all your doubts regarding loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

Copyrights © 2020 All Rights Reserved. Powered by Livanity Financial Services