If you have gold, selling it may not be the optimum way to meet your financial needs. A smarter option is to apply for JS GoldFinance, keeping your gold as collateral for a short or medium term financing.Apply Now!
For our customers’ convenience, JS GoldFinance is offered as a Running finance facility as well as Term finance for a tenure of 1 year/12 months to 4 years/48 months.
Interest is applicable only on the availed loan amount (up to x percent of gold value) the facility is offered for 3 years (without annual renewal) and may be renewed upon customer request after 3 years.
Facility 1 – Based on Equal Monthly Installment:
In case of Term Loan A,
The disbursement is in the form of a single draw into the customer’s financing account and the repayments are made in form of equal monthly installments (EMI) including both principal and interest portions.
Facility 2 – Based on Quarterly Mark-up Payment only, with principal payment at maturity:
In case of Term Loan B (Bullet Payments ),
The disbursement is in form of a single draw into the customer’s financing account. The facility can be renewed at the client’s request. Quarterly markup payments are made. Principal is paid at maturity.
Term Loan Plus:
Facility for existing JS GoldFinance Term Loan clients.
Q. What is eligibility criteria?
Q. What security / collateral needs to be provided for JS Gold Finance?
Q. What is the minimum income requirement for availing this facility?
Q. What is the maximum loan amount?
Q. What is the financing amount / limit offered under JS Gold Finance?
Q. What is Mark-up rate on JS Gold Finance?
Q. What is the tenor of loan?
Q. What is the processing fee for JS Gold Finance?
Q. Can the loan be paid before its tenor? And is there any early payment charges?
Q. What is the frequency of repayment?
Q. What is the procedure of release of security / collateral to the borrower after the loan is fully settled?
Q. Who should I contact if I wish to avail this financing scheme?