FAQs

What is a Gold Loan ?

  • Gold loan, also called loan against gold, is a secured loan taken by a borrower by pledging their gold articles (within a range of 18-24 carats) as collateral.
  • The loan amount provided is a certain percentage of the gold, typically up to 75%, based on current market value and quality of gold.

What are the benefits of taking gold loans from S Lunawat Finance Pvt Ltd?

  • Instant loan across the table.
  • Attractive interest rates.
  • Multiple payment options and tenures.
  • Simple & easy documentation.
  • Wide range of products.
  • Complete safety of gold deposit.
  • Get personal assistance.

Who is eligible to avail a gold loan?

  • Indian resident and citizen.
  • 18 to 70 years of age.

Is CIBIL required?

No. Gold Loans require you to provide gold as collateral, which is a liquid tangible asset. Even if you have a low credit score, banks are likely to give you a loan because your gold acts as a security and shields them from the risk of default.

What are the documents required for a gold loan?

  • Passport size photograph.
  • ID Proof - Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card. (Any one document needs to be submitted).
  • Address Proof - Driving License / Voter ID Card / Ration Card / Aadhaar Card / Passport Copy / Registered Lease Agreement with utility bills in the name of landlord (not older than 3 months).
  • Proof of land holding in case of agriculture loan.