This Gold Loan Calculator can also be used to calculate how much gold you would need to get a loan amount. For Example, if you need a loan for Rs. 200,000, it will tell you the gold weight required in grams to get the gold loan.
Rupeek online gold loan calculator allows users to find necessary information without much hassle. Here is a step-by-step guide on how to use it.
Make a gold loan application with Rupeek, and we will provide you with an instant gold loan at your doorstep.
As already mentioned above, gold loans are a secured credit mode, but it is unlike any other financial product from the said segment. This financial product has several features that distinguish it from the rest. Additionally, the presence of gold loan calculators helps individuals to make a knowledgeable decision.
A comparison with other financing option will reveal how gold loans can be a more versatile, affordable, and easy option for funds.
CRISIL’s monthly static analysis pool reflects that for conventional 12-month period gold loans, 60%-65% of such credits have been closed in less than six months. The reason being, its short tenure, part-payment and other benefits offered by lenders. Also, the smooth re-pledging process helps borrowers to extend their loan without any hassle.
Here are some notable features of gold loans –
Rupeek is a leading gold loan provider in India, continually focusing on amplifying the customer-convenience. To do that, Rupeek has introduced a series of exclusive features that ultimately help borrowers to have a pleasant borrowing experience. Here is a list of some facilities that one can get with Rupeek –
1. High Loan Value
The loan value offered by Rupeek can go as high as Rs. 1.5 crores, based on the quality and weight of the jewellery on offer. Moreover, the gold loan rate per gram offered by Rupeek is one of the highest in this segment.
2. Low Rate Of Interest
Rupeek also levies a low rate of interest on its gold loans that starts from as low as 0.79% per month. Hence, interest payments with Rupeek are more manageable.
3. State-of-the-art Security
We follow the most advanced measures concerning pledged gold’s security. The loan managers use GPS-enabled bags for transporting the gold articles to and from a customer’s house. Also, Rupeek uses high-security vaults to store them.
4. Complimentary Insurance
Borrowers can rest easy with Rupeek’s door-to-door gold insurance coverage. They do not need to worry about any loss due to theft of gold ornaments or damage to those.
5. Flexibility In Repayment
The repayment schemes offered by Rupeek gives the necessary repayment flexibility to let borrowers at their pace. They have the option to pay as per their convenience, or they can stick to a regular EMI system.
6. Lenient Eligibility Terms
The eligibility requirements to get a gold loan from Rupeek are minimal. Any person above the age of 18 and who has gold jewellery can get a loan from Rupeek. He/she only needs to submit KYC documents to complete this process.
7. Overdraft Facility
The customer-convenience with Rupeek is further amplified by the overdraft facility known as Rupeek Quick. Existing customers can pledge more gold to avail a credit line. It allows individuals to access funds at their will, only repay the amount they have withdrawn, and pay interest solely on that.