Interest Rate

Gold loan Interest rates start at about 8 %. It can vary based on the purity and quality of the gold ornaments that you pledge.

Gold Loan Interest Rate	Banks	NBFCs	Private
ROI (Monthly Reducing)	8 - 24 %	9.9 - 26.0 %	9.25 - 36.0 %

How to apply for a Gold Loan @Livanity:

1. Loan Application:

The first step of taking a gold loan is to apply to a bank or a non-bank financial company.

2. Evaluation:

After submission of the loan application, the lenders representative will contact you. A representative may come to your home to examine your gold if you have option for loan at home service. The purity of gold is the first thing financial institutions check and determines the price and quality of the gold.

3. Documentation:

The lender follows RBI Know Your Customer (KYC) guidelines to complete the KYC process. You need to keep your KYC documents ready to complete the documentation process.

4. Approval and Disbursement:

Once the applicant confirms their consent to the gold loan amount and other terms, the lender approves the loan.

* It is important to note that proof of income is not mandatory to obtain a gold loan.

Gold Loan Eligibility

Gold loans are provided by most of the banks/NBFCs but with different eligibility requirements. However, there are certain criteria that are common for all financial institutions.

Age	21 years - 75 years
Employment Type	Anyone
Credit score	Not considered
Minimum Net Income (Monthly)	Not considered
Loan Amount	75% of the overall value of the gold you pledge
Work Experience	Not considered

Example that represent the EMI against Loan amount

For Rs 5 lakh gold loan at an 11 % rate of interest per annum, the EMI for,

• 1-year tenure is Rs 44,191,
• 2-year tenure is Rs 23,304,
• 3-year tenure is Rs 16,369,
• 4-year tenure is Rs 12,923 and

*Disclaimer: These are approximate EMI calculations; actual numbers may vary.

Gold Loan EMI Calculator

Calculate an EMI and check whether it fits in your monthly budget or not. A loan calculator helps you get the following results:

• Monthly Repayments - EMI you will be paying every month
• Total interest payable - Total interest on your loan
• Total amount to pay - The total amount which is a sum of principal and interest

Gold Loan Details


Interest Rates	8 % - 36%
Processing Fee	Differs from bank to bank; 0.5% to 2.50% of the total amount of the loan
Loan Tenure	12 months to 48 months
Loan Amount	up to 1.5 crore
Lock-in period	Varies from lender to lender
Pre-closure Charges	Differs; Generally 3% of the balance principal outstanding plus Service Tax
Guarantor Required	Varies on different conditions

Why choose Livanity for 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 gold loans, 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 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 the gold 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 gold loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.