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accounts iconGold Loan

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

With our experience in the MFI industry over the years, Equitashas started offering Loan Against Gold since 2015.
BENEFITS
Instant Cash
NACH repayment options
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
*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 Jan-March'18
Segment Mean interest rate Interest rate range
Min Rate (in %) p.a. Max Rate (in %) p.a.
Agriculture 11.77% 10% 12%
Non-Agriculture 13.71% 11% 14%
•Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.
Annualised Percentage Return (APR) for the quarter April - June'18
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