FAQ's
A Gold Loan Is A Type Of Secured Loan Where The Customer Can Pledge His / Her Gold Or Gold Ornaments As Collateral To Borrow Money In Any Emergency Or Purpose.
To Obtain A Gold Loan, One Needs To Submit Their Gold Jewellery Or Coins As Collateral. We Will Then Evaluate The Value Of The Gold And Provide The Customer With A Loan Amount Based On A Percentage Of The Gold’s Appraised Value. The Customer Then Repays The Loan After A Specified Period Along With Any Applicable Interest Rates.
The Documents Required Are Proof Of Identity (Aadhar Card) Proof Of Address (Pan Card) And The Gold Ornaments Or Coins For Pledging.
Ichibaan Is Happy To Help It Customers By Providing A Grace Period Of 3 Days, Which May Not Be Offered At Any Other Nbfc.
Yes One Of The Advantages Of Gold Loan Is That It Is A Secured Loan And The Company Is Primarly Interested In The Gold Value Rather Than The Credit Score. Hence, Even If You Have A Poor Credit Score, You Can Still Avail A Gold Loan Easily.
If You Are Unable To Repay The Gold Loan Within The Specified Period, The Company Has The Right To Auction Off The Pledged Gold To Recover The Outstanding Amount. It’s Crucial To Understand The Terms And Conditions Of The Loan Before Availing One And Ensure You Can Meet The Repayment Obligations.
Yes, We Do Accept Gold Coins, Bars Or Other Forms Of Gold As Collateral For A Gold Loan. The Purity And Weight Of The Gold Will Be Evaluated To Determine The Loan Amount.
Yes, We Allow Our Borrowers To Prepay Or Close Their Gold Loan Before The End Of The Tenure And Save Upon Paying Unnecessary Interest Instalments. However, There Should Be No Prepayment / Notice Charges Or Penalties.