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GOLD LOAN

Equitas offers loan against gold to help you meet your immediate financial requirements.

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With our experience in the MFI industry over the years, Equitas has started offering Loan Against Gold since 2015.

BENEFITS

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    Instant Cash

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    NACH repayment options

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    Easy Documentation

     

     

INTEREST RATE

Gold Loan    
Type of Loan Segment Effective Rate Of Interest (p.a.)
Fixed Agriculture 12%
Fixed  Others  14%


Charges

Sr. No Type Charges
1
Processing fee Upto 2%
2
Postage charge Rs.50 (including GST) per notice
3
Late payment interest 36% p.a
4
Cheque bounce charges (CBC). Rs. 500
5
Custodian Charges 3% p.a
* Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)

 

Mean rate and Interest rate range for the quarter Jul'2020 - Sep'2020
Segment Mean interest rate Interest rate range  
    Min Rate (in %) p.a. Max Rate (in %) p.a.
Agriculture - - 12%
Non-Agriculture 13.95% 12.00% 14%
  • Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.

 

Annualised Percentage Return (APR) for the quarter Jul- Sep'2020
Segment Min Rate (in %) Max Rate (in %)
Agriculture 11% 14%
Non-Agriculture 12% 16%
* Annual Percentage Rate: The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee

To make payments for the Loan via NEFT / RTGS, please contact your Home Branch – Branch Manager for further details

Calculate your Gold Loan EMI instantly with Loan Calculator