Gold Loan
With attractive schemes, easy repayment options and lowest interest rates, Online Finance And Investment Pvt. Ltd, one of the leading financial Companies in Kerala offers a hassle-free experience to avail gold loan.
Online Finance And Investment Pvt. Ltd Gold loans may be availed for any amount. Loans are available for periods ranging from 3 month to 11 months. Our Gold loans do not have any lock-in period and there are no prepayment penalties. You can repay earlier than the scheduled as you desire. Anyone who is the member of Online Finance And Investment Pvt. Ltd and owns gold ornaments can avail the loan. To obtain the loan, you need to submit your gold jewellery and the loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of stones etc fixed on the ornaments will be deducted for the intention of valuation.
Regarding Interest
Our rate of interest starts from 9.5% to 13.5% , there are no prepayment penalties. Simple interest is charged, which the borrower has to pay at the specified periodicity or at the closure of loan, whichever is earlier. The interest rate is fixed and calculated on a reducing balance basis. Gold loan products have a maximum tenure of 11 months.
Supporting Documents
KYC (know your customer) documents are mandatory as per policy of RBI and as per company norms.
- One document of Identity proof (such as Ration card with photo, Driving License, PAN card, Voter ID card, Passport, Aadhar card etc.)
- One document of Residential address proof (such as telephone bill, electricity bill, water bill, Bank account/credit card statement, municipal/local/house tax bill/receipt, Authentic rent receipt).
Gold Loan Schemes
| Scheme Name | Max Plus | Smart Plus |
| Tenure | 3 Months | 11 Months |
| Interest Rate | 13.5% | 9.5% |
| Valuation of Gold | 90% - 95% of Gold Value |
75% - 80% of Gold Value |
Security & Guarantee
Gold ornaments are very precious and carries hues of memories. We guarantee you that they would be in our safe & strong safes built as per the standards and specifications applicable to any commercial banks. The pledged valuables are also insured for their real and full value. Security personnel and modern electronic surveillance technology are deployed to protect your valuables. We value our patrons’ perspective on being transparent, secured and choice of loan product. There would be no hidden costs and no unwanted surprises.