Offering Gold loans with your jewelry and you can avail of gold loans for any value from Rs. 2,000 to Rs. 2 Lakhs instantly. With our simple and easy documentation process. The loan can be Availed acros s the counter instantly. Instant approval and disbursal within just 15 Minutes! Borrow up to Rs. 2 thousand to 2 Lakh the need to pledge any collateral. Repay your loan Easily with Our flexible repayment tenors ranging from 3 months to 24 months.
Meet the basic eligibility criteria, share just a few details, and have your online Digital Finance application approved instantly – in under 5 minutes.
Follow the simple steps in the gold loan application process and submit the basic documents (ID Proof & Add Proof) required to avail your loan.
With a loan up to Rs.2 lakh on offer, you can meet any financial obligation without hassle. Borrow as much as you need and repay it over flexible tenors from 3 Months to 24 Months.
1. Group Formation: Borrowers are organized into small groups, often with existing social ties or community connections. This group formation fosters trust and a sense of shared responsibility.
2. Joint Liability: Group members are collectively responsible for the repayment of loans. If one member defaults, the entire group may be held accountable, encouraging peer pressure to ensure timely repayments.
3. Risk Mitigation: Lenders view group loans as lower risk because of joint liability and the social pressure within the group, making them more willing to provide credit to individuals with limited collateral or credit history.
4. Microfinance Institutions (MFIs): MFIs or similar organizations typically provide group loans. They play a key role in facilitating the formation of borrower groups, disbursing funds, and collecting repayments.
5. Purpose-Oriented: Group loans are often directed towards income-generating activities, such as starting small businesses, investing in agriculture, or entrepreneurial ventures. This helps improve economic conditions for borrowers.
6. Financial Inclusion: Group loans promote financial inclusion by reaching individuals who are excluded from traditional banking services due to their limited financial resources or lack of credit history.
7. Access to Credit: Borrowers gain access to credit they might not otherwise obtain, allowing them to invest in income-generating activities or address immediate financial needs.
8. Social Support: Group members provide emotional and social support to one another, creating a sense of community. This can be particularly valuable in times of financial difficulty.
9. Higher Approval Rates: Group loans often have higher approval rates compared to individual loans because the group's collective strength and support reduce the risk for lenders.
Meet the basic eligibility criteria, share just a few details, and have your online Digital Finance application approved instantly – in under 5 minutes.
WEEKLY:- With a loan up to Rs.2 lakh on offer, you can meet any financial obligation without hassle. Borrow as much as you need and repay it over flexible tenors from 40 WEEK to 60 WEEK .
MONTHLY:- With a loan up to Rs.2 lakh on offer, you can meet any financial obligation without hassle. Borrow as much as you need and repay it over flexible tenors from 12 Months to 60 Months.
WEEKLY:- With a loan up to Rs.2 lakh on offer, you can meet any financial obligation without hassle. Borrow as much as you need and repay it over flexible tenors from 40 WEEK to 60 WEEK .
MONTHLY:- With a loan up to Rs.2 lakh on offer, you can meet any financial obligation without hassle. Borrow as much as you need and repay it over flexible tenors from 12 Months to 60 Months.
