Bank gives loan by keeping gold as security.

DOCUMENTS Aadhar Card, PAN Card, Voter Card, Photo, Address Proof

[{"selector":"#anim-93b11107-16bb-4119-b621-d00aa9b90ca2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21337879225351%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8e2c73a3-e2f6-4bbb-ab5e-e46b100986fb","keyframes":[{"offset":0,"transform":"translate3d(0, -213.5061%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -60.03791532%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -20.41118316%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -7.66486899%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -3.33069516%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}]

Loan is available on the basis of purity, weight and market value of gold.

[{"selector":"#anim-15f97e95-127e-4393-b965-4e6f944fcee7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.21337879225351%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a26b6c15-8ce4-4caf-b7d8-c2df4e25304c","keyframes":{"transform":["translate3d(-106.84931%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-a2803de7-616e-4179-a6a7-354e2598a663","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

The tenure of the gold loan depends on the bank and NBFC.

[{"selector":"#anim-70989b92-6d13-43d0-a9c4-9ce5d0023cd1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-10b15fd7-31c8-4bf8-b842-02701bec0aa8","keyframes":{"transform":["translate3d(106.02740%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-50f0c213-2220-40e0-8cf6-bb0c0a8252f3","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

Interest rate from 7% to 15.75%

[{"selector":"#anim-e2daf853-1f08-4c80-a12b-cf1cb2a9ebc2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21337879225351%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-8529e9e0-34ab-45c3-871e-9670ae18f933","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

Banks and NBFCs also charge foreclosure charges, documentation charges

[{"selector":"#anim-daf44ad0-c43a-4961-a26f-05fe8e759abc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21337879225351%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-29fcfc6f-a46b-4a96-9fbc-5ad65c9fa6fd","keyframes":{"transform":["translate3d(-106.84931%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d4b92f4e-f895-49b1-aaff-067a26250ed4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d94eceb4-240e-411d-bfce-5321a92bab30","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Processing Fee 0.50% to 1% plus GST

[{"selector":"#anim-15be924d-f002-48b6-8b80-f5f2fb0e27a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c67437b6-0cdd-4161-a397-369fbc90c39a","keyframes":{"transform":["translate3d(106.02740%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-922ece98-23c0-40fb-8a46-501feea0584d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1d8ceb3-9288-4a49-bcd0-084979a0a8fd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

One also has to pay for the valuation of the gold

[{"selector":"#anim-f2145855-c303-4f77-add2-f57a38d3eb64 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.21337879225351%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9d75ba9d-ba1b-4937-bc15-6ce1d95549c2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a778e700-44d8-4f45-900d-c13bdbaf0582","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Gold loan is considered as a secured loan

[{"selector":"#anim-41da75b1-6a6d-4ff3-bd7c-4d53b9d33441 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21337879225351%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-01a07367-ec45-4c17-8353-a0a494561a91","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d7af1d4f-e968-484b-a668-e61553e9cb50","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]