Looking for a Business Loan?
Get a Gold Loan at Lower Rates
Businesses might face an urgent financial requirement, either for growth or for meeting their working capital needs. In such cases, a business loan looks like a suitable solution. However, when you apply for a business loan, it might take some time for the funds to get sanctioned. Moreover, an online business loan also has strict eligibility criteria which your business should fulfil to get the funds. Another, a simpler alternative is to avail gold loans which give you instant funds for your business needs.
What are the Gold Loans?
Gold loans are multipurpose loans which allow funds for your personal or business needs. You can get a gold loan against your gold ornaments and jewellery which act as a collateral for the loan. Based on the value of gold that you pledge, the loan amount is sanctioned.
IndiaGold offers attractive schemes of gold loans which give you funds at the earliest for your business needs.
Features of Indiagold Gold Loans for Business
Here are the salient features of the gold loans offered by IndiaGold for the financial needs of your business –
- Loans ranging from Rs.1 lakh to Rs.1 crore are available
- There are different types of loan schemes with different interest rates and features depending on the loan amount that you need
- The repayment tenure offered is 6 months during which you have to pay the interest amount. The final principal amount of loan is payable after the tenure is over
- Interest starts from 0.75% per month and goes up to 1.65% per month depending on the scheme that you select
- The loan is sanctioned within 30 to 40 minutes allowing you access to instant funds
Why Choose Indiagold’s Gold Loans for Your Business?
IndiaGold’s gold loans have distinct advantages which make them a suitable choice for financing your business needs.
These advantages include the following –
- Doorstep service
With IndiaGold you can get your loan application processed right at your home. Once you apply for the loan online or through a phone call, IndiaGold’s loan manager visits your home to complete the loan formalities. Once the application formalities are complete, the loan is issued right to your bank account.
- Safety of gold
The gold that you pledge is packed safely in secure packages which are also attached with GPS trackers. This helps you track your gold in real-time. Moreover, right from the time that the gold leaves your home and till the time that you get it back, the gold is insured against damages and theft. This secures any possible loss and provides security.
- High loan quantum
IndiaGold offers loans up to Rs.1 crore. The Loan to Value (LTV) ratio goes up to 75% of the value of the pledged gold. Thus, when you are in need of a large amount of loan and you have gold assets to pledge for the same, you can avail IndiaGold’s gold loan and fulfil your business needs.
Applying for Indiagold’s Gold Loan
To apply for the gold loan you just have to call IndiaGold or click on ‘Apply Now’ on its website. Thereafter, IndiaGold would get in touch with you and also send its loan manager to your home to complete the loan application process. Once the application is done, the loan would be sanctioned within a short time and you would get the funds directly in your bank account.
So, if you are looking for online business loans, you can opt for gold loans from IndiaGold. You can avail a higher quantum of loan and the interest rates are also affordable.