Service Details

Gold has always been a symbol of wealth and financial security. Rather than selling your precious gold assets, a Gold Loan from Clear Credit allows you to unlock the value of your gold without parting with it. This loan is secured by the gold you pledge, making it a quick and convenient way to access funds for personal or business needs.

At Clear Credit, we provide easy and flexible gold loan solutions. With competitive interest rates, high loan-to-value ratios, and a hassle-free process, our Gold Loans offer the liquidity you need without giving up your precious gold jewelry or ornaments.

Why Choose Clear Credit for Gold Loans?

• High Loan-to-Value Ratio: We offer up to 90% of your gold’s value, allowing you to unlock maximum funds.
• Low-Interest Rates: Gold loans are secured, which means lower interest rates compared to unsecured loans like personal loans.
• Instant Loan Approval: Our gold loan process is quick and simple, with minimal documentation and same-day approval.
• Flexible Repayment Options: Choose from different repayment options, including monthly EMIs, bullet repayments, or pay interest monthly and principal at the end of the tenure.
• Safe and Secure: Your gold is stored in our high-security vaults, ensuring its safety during the loan tenure.

How Gold Loans Work

1. Application: Bring your gold to a Clear Credit branch for evaluation.
2. Gold Evaluation: Our experts will assess the purity and value of your gold based on the current market price.
3. Loan Offer: We offer you a loan amount based on the assessed value of your gold.
4. Approval & Disbursement: Once you accept the loan offer, the loan amount is disbursed instantly.
5. Repayment: You can repay the loan through flexible EMI options or bullet payments. Once the loan is fully repaid, your gold is returned to you.

Eligibility Criteria for Gold Loans

The eligibility criteria for a Gold Loan are simple:

• Ownership of Gold: You must own gold in the form of jewelry, coins, or ornaments.
• Age: You must be at least 18 years old.
• Income Proof: Not required, as the loan is secured by gold.
• Credit Score: No need for a high credit score, as the loan is secured.

Documents Required for Gold Loans

• Identity Proof: Aadhar card, PAN card, passport, or voter ID.
• Address Proof: Utility bills, rent agreements, or any government-issued documents.
• Photographs: Passport-sized photographs.

Interest Rates and Fees

Gold loans at Clear Credit come with competitive interest rates:

• Interest Rate: Starting from 8.5% per annum, depending on the loan amount and tenure.
• Processing Fees: Typically 0.5% to 1% of the loan amount.
• No Prepayment Charges: You can repay the loan early without incurring additional fees.

Benefits of Gold Loans

• Fast Disbursal: Once your gold is evaluated, the loan is disbursed instantly, giving you access to funds when you need them.
• No Income Proof Required: Since the loan is secured by gold, there’s no need to provide income proof or have a high credit score.
• Flexible Repayment Options: Choose a repayment plan that suits your financial situation. You can repay in EMIs or make a lump-sum payment at the end of the loan tenure.
• Lower Interest Rates: Because gold loans are secured, the interest rates are lower than unsecured personal loans.

Use Cases for Gold Loans

• Medical Emergencies: Gold loans provide instant liquidity, making them ideal for covering urgent medical expenses.
• Education: Use gold loans to fund your or your child’s education without liquidating your long-term savings.
• Debt Consolidation: Clear off high-interest debts with a low-interest gold loan, simplifying your financial management.
• Business Expansion: Use gold loans to meet business needs, such as purchasing inventory, machinery, or expanding operations.

How to Apply for a Gold Loan

1. Visit your nearest Clear Credit branch with your gold ornaments.
2. Our experts will assess the gold’s value.
3. Based on the evaluation, you’ll receive a loan offer.
4. Once you accept the offer, the funds are disbursed instantly.
5. Repay the loan as per your preferred repayment schedule.