Loan in 15 Minutes • Minimum ₹5,000 • Highest LTV Ratio
At Fastter Finance, we offer gold loans to help you meet urgent financial needs by pledging your gold jewelry. Get instant funds within 15 minutes with minimal documentation, attractive interest rates, and flexible repayment options while keeping your gold safe with us.
Instant approval & disbursal
Minimal documentation
Small to large loan amounts
Multiple payment options
Backed by gold collateral, ensuring safety and lower risk for both borrower and lender.
Fast approval and disbursement within 15-30 minutes with minimal documentation.
Loan amount based on pledged gold value, typically 75-85% of gold's market value.
Access funds quickly without selling your gold assets. Keep ownership while getting cash.
Secured nature leads to competitive rates, typically lower than personal loans.
No restrictions on how loan funds are used - medical, business, education, or any emergency.
Minimum 18-22 Karat (75-91.6% purity) | Hallmarked Gold Preferred
Maximum LTV: Up to 85% of Gold Value | Minimum Weight: 10 Grams
To apply for a gold loan, follow these simple steps. Keep these points in mind before applying:
Research and choose a reputable lender through Fastter Finance. We partner with top banks and NBFCs offering gold loans.
Review eligibility criteria. Typically, you need to be 18+ years and own gold jewelry meeting lender's purity standards.
Visit nearest branch or apply online through Fastter Finance website/app. Doorstep gold evaluation available in select cities.
Bring gold to branch for evaluation. Lender assesses purity, weight, and value to determine loan amount (up to 85% of value).
Submit KYC documents, sign loan agreement, provide post-dated cheques, and receive gold receipt.
Receive funds instantly via cash, cheque, or bank transfer. Gold stored safely in bank vault with insurance.
Note: Many fintech companies now offer doorstep gold evaluation and loan processing services for customer convenience.
Gold Loan EMI (Equated Monthly Installment) is calculated using the Compound Interest formula:
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.2% to 0.6% of loan amount |
| Loan Cancellation | 1% of loan amount |
| Stamp Duty Charges | As per actuals (state-wise) |
| Legal Fees | Nil |
| Penal Charges | Nil (Gold is already secured) |
| Storage Charges | Usually free for first year |
Note: Other charges may include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap charges. Most gold loans have minimal charges compared to other loan types.
"I went to Fastter Finance Andheri East branch and the employees are very friendly. They sanctioned my gold loan within couple of hours. The interest rates are very reasonable. It's timely and the service is really good. I had a great experience."
— Jeet Raikar"Fastter Finance helped me get an instant gold loan. With all my KYC documents ready, I went to HDFC Bank to deposit my gold and received instant disbursal. Great work! I got loan at 3% interest. Remember, your gold should be more than 18 carats."
— Hemanshi Vernekar"Through Fastter Finance, I took a gold loan with HDFC at 4% interest rate. They provided acknowledgement card with all payment details and I get SMS alerts for renewal. Yearly I can make complete payment or just pay interest and renew the loan."
— Kareena Yadav"Fastter Finance helped me in getting an instant gold loan. With all my KYC documents in order I went to HDFC Bank to deposit my gold and receive an instant disbursal. Great work! I received a loan at 3% interest rate. Excellent service!"
— Krish PaiA gold loan is a secured loan where you pledge your gold jewelry as collateral to get instant funds. The gold remains safe with the lender until loan repayment.
Typically 75-85% of gold's market value. Maximum amount varies by lender, but can go up to ₹1-2 Crore for high-value gold.
Usually 3 months to 3 years. Some lenders offer up to 5 years. You can renew the loan by paying interest.
You can renew by paying interest. If you default, lender can auction gold to recover dues after due notice period.
Yes, gold is stored in secure bank vaults with insurance coverage. You receive detailed receipt with gold description.
KYC documents (Aadhaar, PAN), address proof, passport photos, and gold jewelry for pledging.
15-30 minutes typically. Fastest among all loan types due to secured nature and minimal documentation.
Yes, most lenders allow loan renewal by paying interest for another period. No need to repay principal immediately.
No specific tax benefits for gold loans. Interest paid is not tax-deductible unlike home or education loans.
Gold is tested for purity using touchstone/carat meter, weighed, and valued at current market rate less making charges.
Repay loan with interest, get clearance certificate, present original receipt, and collect gold from branch.
Gold loan: Secured, lower interest, quicker, needs collateral. Personal loan: Unsecured, higher interest, longer processing, no collateral.