05
Gold Loan
Same-day illustrative funds secured against gold jewellery or coins.
Overview
How this loan is structured
The Gold Loan is modelled as a short-tenure, fast-turnaround loan secured by gold, with the amount tied to an illustrative appraised value rather than income documents, mirroring how real gold loans are typically underwritten.
Key features
- Amount modelled against appraised gold value, not income
- Same-day illustrative disbursal
- Tenure modelled from 3 months to 3 years
- Gold held securely until repayment (modelled)
Eligibility
- Applicants aged 18 and above
- Ownership of gold jewellery or coins
- No minimum income requirement (modelled)
Documents (illustrative)
- Proof of identity (demo)
- Gold items for illustrative appraisal
- Proof of address (demo)
Rate & terms (illustrative)
| Detail | Value |
|---|---|
| Illustrative rate | from 9.90% p.a. |
| Maximum tenure | 3 years |
| Loan-to-value (modelled) | up to 75% of appraised gold value |
| Foreclosure charge (illustrative) | None after 3 months |
Frequently asked
In this model, it's based on an illustrative appraisal of the gold's value rather than income documents.
This model assumes secure storage until the loan is repaid, as a real gold loan would provide.
Yes, modelled with no foreclosure charge after the first three months.
Start Application
Apply for this loan (demo)
confirmation
Your Gold Loan application has been logged in . Reference no. EDU-000000. No real action has been taken.