Get Loan Against Gold Jewellery

Why go for Personal or Business loans when you have the power of gold with you! Get a loan against your gold, in minutes!

Frequently Asked Questions (FAQs) for Gold Loan

What is Gold Loan?

Gold loan or loan against gold is a secured loan in which a customer pledges his/her gold ornaments as collateral with a gold loan company. The company, in turn, gives a loan amount as per the market value of gold to the customer. It is a very quick and easy way of fulfilling one’s financial needs as compared to the other loans.
Why should I take a Gold Loan from TCFPL

The advantages of taking gold loan from TCFPL include -
Faster and easier transactions
Quick disbursal of loan
Best value for gold in the market
Security and insurance of gold pledged
How is the market value of my gold jewellery / ornaments calculated?

The market value of your gold is calculated according to the per gram market rate of gold on the day of the loan application. If pledging gold ornaments or jewellery, only the parts that are gold are used to calculate the value; other metals, stones and gems are excluded from the calculations.
What security/collateral do I need to provide for a gold loan?

Any kind of gold jewellery/ornament of purity over 18 carat can be provided as security to avail a gold loan.
What is the maximum loan amount that I can take?

You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.
What is the tenure of these loans?

The minimum tenor is 3 months, while the maximum is 1 year.
Is a processing fee involved to avail a gold loan?

Yes... a nominal processing fee has to be paid at the time availing a gold loan.
What guarantee of safety do I get for my ornaments / jewellery pledged with TCFPL?

The gold ornaments pledged by you are secured in a fire and burglary proof vault in our Gold Loan branch. The branch is under electronic surveillance and guarded by security at all times. Additionally, the pledged ornaments are covered by insurance.
Can I make a part payment of my loan amount?

Yes, you can make a part payment where you can pay-back a part of the total loan amount. Here, you will have the advantage of future interest being charged only on the balance principal amount after part-payment. Moreover, you may choose to release a part of your gold ornaments/jewellery as per the loan amount that has been paid back.
Can I part release my gold?

Yes, you can once you have paid back a part of the loan amount as per the value of gold you wish to have released.