ESAF Small Finance Bank Gold Loan

Gold Loan @ 7.10%

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ESAF Small Finance Bank Gold Loan Key Features – Apply Now!

ESAF Small Finance Bank Gold Loan Interest Rate 7.10% per annum
ESAF Small Finance Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
ESAF Small Finance Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
ESAF Small Finance Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
ESAF Small Finance Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
ESAF Small Finance Bank Gold Loan Repayment Tenure 3 Months to 24 Months
ESAF Small Finance Bank Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of ESAF Small Finance Bank Gold Loan:

  • Quick Processing: ESAF Small Finance Bank suffices with ease and quick service. It passes its loan within an hour.
  • Minimal Documentation: Minimum documents are required by the ESAF Small Finance Bank for the completion of the loan sanctioning process.
  • Transparent System:  ESAF Small Finance Bank has a fine structure that does not involve any unspecific fess.
  • Loan Amount: The amount of loan that ESAF  Small Finance Bank gives to its customers is Rs. 15000 and even less to the provincial areas, that is; Rs. 10000.
  • Security of Jewelry: Accountability of the decorations is compulsorily required in the ESAF Small Finance Bank for the preservation of your gold ornaments.
  • Loan Tenure: The duration of the gold loan in ESAF Small Finance Bank is from 3 months to 2 years. The applicant can choose it depending on the needs and requirements.
  • Advantages for Farmers: Farmers are provided some profit-driven offers that will help them in performing farming activities.
  • No Debt Trouble: If the applicant is incapable of repaying the loan amount then the bank instead of putting debt allegations will only grab their ornament for a certain period.
  • No Income bounds: Income or salary of any individual does not define their potentiality of availing for a loan because ESAF Small Finance Bank asks for gold, not money.

 

How Much Gold Loan can I Get through ESAF Small Finance Bank Gold Loan:

ESAF Small Finance Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

ESAF Small Finance Bank Gold Loan Eligibility:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

ESAF Small Finance Bank Gold Loan Documents Required:

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

ESAF Small Finance Bank Gold Loan Interest Rate, Fees, and Charges:

HDFC Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

 

About ESAF Small Finance Bank Gold Loan:

ESAF( Evangelical Social Action Forum) is an Indian small finance bank administering banking services and gold loans to the customers. It has started its functioning in the year 1992. There are several people longing for money to meet their ends thus, ESAF Small Finance Bank has started the loaning scheme at the lowest rate of interest. It is recommended for the best customer service as a banking institute and this differs from other banking and non-banking companies. 

  • ESAF Small Finance Bank Gold Loan Interest Rate is 7.10% per annum
  • ESAF Small Finance Bank Gold Loan Per Gram is ₹ 5,255
  • ESAF Small Finance Bank Gold Loan Tenure: Up to 24 months
  • ESAF Small Finance Bank Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of ESAF Small Finance Bank Gold Loan:

  • Loan Against Gold – Gold Loan is known for its dependable and honest client service. Gold Loans are distributed to the needy people so that they can please the demands and requirements of their family. The ESAF Small Finance Bank has no risk in granting such a huge value to the people as the interest rate is down.
  • Loan Against Gold for Agriculture – ESAF Small Finance Bank aids the producers of the land with some appealing awards in addition to the loaning scheme at a shallow rate of interest. The ESAF  Small Finance Bank long for the property evidence that for which you are taking the loan.

ESAF Small Finance Bank Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your ESAF Small Finance Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are a current account holder of ESAF Small Finance Bank and you are looking for a repayment process then Standing Instruction is the most believable method. This further defers your EMI from the ESAF Small Finance Bank record.
  • Electronic Clearing Service (ECS): This policy can be used only and only if you have a non-ESAF  Small Finance account and you wish to owe your EMI from the current account.
  • Post-Dated Checks (PDC): Introduce your post-dated EMI reports from a non-ESAF Small Finance Bank financial statement at your nearby ESAF Small Finance Bank loan Center. A new version of PDCs should be looked upon from time to time.

ESAF Small Finance Bank Gold Loan Contact Number:

Dial 9878981144 to gather much information about ESAF Small Finance Bank Gold Loan offers and exciting prices available in every branch of ESAF Small Finance Bank across the nation.

 

Gold Ornaments Accepted by ESAF Small Finance Bank :

  • Gold Jewelry-  Gold Bangles, Gold bands, Gold anklets, Gold necklaces, etc. all of these ornaments are agreed by ESAF Small Finance Bank for availing a Gold Loan.
  • Quality- Quantitative value of gold can be 18-22 carats but should not exceed the value.

 

Use of ESAF Small Finance Bank Gold Loan:

  • Individual offerings like education expense, traveling, housing, etc can be fulfilled by the amount received from ESAF Small Finance Bank Gold Loan.
  • Marketing dreams can also be achieved and likewise, you can grow your market easily with this huge amount.
  • Farmers should not take much stress about the completion of the agricultural tasks when we have the money.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%

 

FAQs About ESAF Small Finance Bank Gold Loan:

  • What is the ESAF Small Finance Bank Gold Loan?

The ESAF Small Finance Bank Gold Loan provides gold loans to financially weak people who need money to fulfill their requirements. It gives loans at an attractive interest rate with a hassle-free process.

  • How can I get the Gold Loan from ESAF Small Finance Bank?

Receive the ESAF Small Finance Bank Gold Loan by visiting any of the gold loan dispensing branches in India; else, you can apply online with MagicLoans from your home.

  • What is the Gold Loan Interest Rate in ESAF Small Finance Bank?

The Gold Loan rate in ESAF Small Finance Bank is 7.10% per annum.

  • How much Gold Loan can I get per gram in ESAF Small Finance Bank?

The per gram Gold Loan in ESAF Small Finance Bank is ₹ 5,255 Per Gram.

  • How to check Gold Loan status in ESAF Small Finance Bank?

Scrutinize your ESAF Small Finance es Bank Gold Loan status, just go to the ESAF Small Finance Bank loan status tracker web page and fill the details asked in the application.

  • How to calculate Gold Loan Interest in ESAF Small Finance Bank?

Calculative measures of gold loan interest in the ESAF  Small Finance Bank are done by the EMI calculator.

  • How to Pay ESAF Small Finance Bank Gold Loan Interest Online?

Pay ESAF Small Finance Bank Gold Loan interest online via net banking or by choice; repay your ESAF Small Finance Bank Gold Loan on Paytm.

  • What if I can’t pay the interest on ESAF Small Finance Bank Gold Loan for 3 months?

If you haven’t paid your ESAF Small Finance Bank Gold Loan within 3 months the bank will first warn you of your pending payments. If the payment requests go unheard, the respective bank will take some legitimate actions against you and similarly will confiscate the gold embellishments.

  • How can I apply for EMI Moratorium on ESAF Small Finance Bank Gold Loan?

You can administer for EMI Moratorium on ESAF Small Finance Bank Gold Loan presently between the 1st March and 31st August 2020 and finish it by contacting the Bank customer care or visiting the closest ESAF Small Finance Bank branch.