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Testimonials

SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.

Mr. Arvind Pal

Testimonials
SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.
Mr. Arvind Pal
Home > Gold Loan

Gold Loan

In times when financial flexibility is paramount, SMC Finance brings you a hassle-free and swift solution to meet your immediate cash needs. Our gold loan product is designed to empower you with quick access to funds while leveraging the security of your valuable gold assets.

 

  • Maximum Value against your gold jewellery
  • Quick Approval & Instant Disbursal
  • Attractive Rate of Interest with Flexible payment options
  • Get Free Insurance of your gold jewellery
  • Best in class multi-tier security at stroage facility
  • Loan Tenure: 1 year (pre-payment allowed)
  • APR (Annualised Percentage Rate) : 10.00% p.a. - 24.00% p.a. (incl. Processing Fees)
  • For more details, visit our exclusive gold loan Branch near you

FEATURES

  • Maximum Loan-to-Value (LTV) ratio
  • Quick Processing – Experience swift approval and disbursal
  • Minimal Documentation- hassle free access to funds
  • Attractive rate of interest
  • Flexible payment options
     

Gold Loan +91-70260 00426

BENEFITS

 
  • Financial empowerment
  • Customer centric approach
  • Free insurance up to 1 Lakh
  • No processing fee
  • Secure and Transparent
 
 

 

 
 
 
For more information
please write to us at
response@smcfinance.com



  • Indian Citizen
  • Individual
  • Age : 21-75 years
  • Max. LTV : 75% of value of Gold
  • Acceptable Jewellery:

 

- 18ct-22ct of gold jewellery

- Bangles, Chain, Ear rings, Rings, necklace, etc.

- Jewellery shall be self owned

- No loan granted against gold coins, gold bullion, gold bars etc.

- only gold value will be considered (excluding Stone weight)

  • Min. Loan Amount : ₹ 5,000/-
  • Max. Loan Amount : ₹ 25,00,000/-
 

15th June 2023





  • KYC Documents

- Aadhaar Card

- PAN Card (Mandatory if Loan Amount >  50,000)

- Nominee Details

- Mobile No. (will be validated using OTP)

- Customer has to be present in the branch

 

  • Bank Details (mandatory, if disbursement is made in bank A/c)
  • Gold Ornaments
  • Loan Kit to be signed at branch

MONEYWISE FINANCIAL SERVICES PVT. LTD.

Bidder Terms and Conditions

 

Sale of gold jewellery / ornaments (“Gold”) pledged with Moneywise Financial Services Pvt. Ltd (“MWFSPL”) by its borrowers with respect to gold loan provided by MWFSPL.

 

  • The auction is being held on an “AS IS WHERE IS BASIS and AS IS WHAT IS BASIS and NO RECOURSE BASIS”. MWFSPL and its officers or employees the authorized officer shall not be responsible in any way for any third-party claims/rights/dues in relation to any of the Gold
  • Earnest money deposit of ₹ 50,000/- shall not bear any interest.
  • The bidder should not be related to MWFSPL (or any of its group companies or related entities).
  • Inspection of Gold will be permitted to the interested bidders on the date of auction and on scheduled auction site. No objections, claims or references will be entertained in relation to the Gold after the commencement of auction proceedings.
  • The bidder shall not amend, modify, or withdraw its bid once it is received by MWFSPL. MWFSPL shall be entitled to forfeit the EMD if the bidder amends, modifies or withdraw the original bid without the consent of MWFSPL. MWFSPL may however allow for the bid to be revised to a higher price at the time of the auction at its sole discretion of MWFSPL.
  • MWFSPL will open the bids received on the auction date, and the highest bidder will be announced as the successful bidder subject to deposit of the remaining bid amount (after adjusting the already paid EMD). The bid amount to be paid either upon the completion of the auction or by the date communicated by MWFSPL. If the balance bid amount is not paid within the timeline as communicated by MWFSPL, MWFSPL shall be entitled to forfeit the EMD and cancel the sale or MWFSPL shall have the right to consider and accept the payment from the next highest bidder. If a fresh auction is being conducted and the defaulted bidder wishes to participate, their participation is subject to the discretion of MWFSPL. & such person will have to deposit the EMD, as may be stipulated by MWFSPL and shall have no right to claim the forfeited amount.
  • Every bidder must provide an Authority letter if represented on behalf of the company or another individual. Additionally, the representative and the bidder are required to submit KYC documents, including PAN Card and Aadhar Card, as specified by MWFSPL. These documents will be duly verified by MWFSPL.
  • The successful bidder shall, subject to authorised officer’s approval, take delivery of the auctioned Gold from the authorised officer as communicated by MWFSPL upon payment of total bid amount.
  • The authorised officer and MWFSPL reserves the right to refuse any or all bids or defer or cancel or withdraw or postpone the auction or remove any Gold from the auction without prior notice and without assigning any reason whatsoever
  • The communication of acceptance of any bid by MWFSPL to the bidder shall be in a form and manner acceptable to MWFSPL
  • MWFSPL has the right to reject the bid at any time without assigning any reason.
  • MWFSPL may accept a bid, in full or part and with or without further conditions to the sale.
  • The bidder shall take the delivery of the auctioned Gold within 2 (two) working days of MWFSPL receiving the complete sale price (together with any charges and expenses).
  • The sale price is exclusive of any taxes and the bidder shall be liable to pay such other taxes as may be applicable.
  • MWFSPL cannot accept cash payment towards the EMD / sale consideration.
  • The decision of MWFSPL with regards to the terms and process of auction shall be final and binding on the bidder.
  • Submission of bid is construed to be your deemed acceptance to the above terms and conditions and the transaction is governed by the same.
  • In case of dispute regarding the auction, the decision of MWFSPL shall be final. The auction shall be subject to the jurisdiction of the Courts of the branch / district where the Gold was deposited is located.

 

What is a gold loan?

A gold loan is a loan obtained after pledging gold jewellery as collateral to a gold loan bank. The loan amount is calculated on the basis of the quantity and purity of gold.

 

Can I release a part of my gold?

Yes, you can. Once you have paid the amount based on the value of the gold, you can partly release your gold.

 

Where can I repay my loan amount?

You can pay your SMC gold loan through the app , or through UPI payment or visit your branch to pay the amount in cash. As a regulatory requirement we cannot accept third party payments.

 

How much time does it take for loan approval and what is the gold loan interest rate?

Maximum processing time to disburse SMC Gold Loan is max. 30 mins. You can get the best attractive interest rate with SMC Gold Loan based on the Gold loan scheme suitable to your requirement.

 

How will the value of my gold be calculated?

The value of the gold is calculated in accordance with the per gram rate in the market. Therefore, the amount will be gold loan per gram of gold jewellery to be pledged with SMC Gold Loan. While evaluating the weight of the jewellery, only the gold parts are calculated and the stones and other metals are not considered.

 

What is the kind of security against which I can avail the loan?

You can avail the loan against the pledge of your household ornaments. The loan offered shall depend upon the purity level of your ornaments and the net weight of gold content.

 

Can I avail loan against my gold bullion (coins, gold bars, gold biscuits etc)?

As per regulatory guidelines, we are not permitted to finance against the pledge of your gold bullion, bars, biscuits, coins or raw gold. For more information on the type of ornaments that can be accepted as pledged for gold loan purposes please visit your nearest branch of SMC Gold Loan

 

How do I know that my gold is safe with you?

Our staff follows strict operating guidelines while handling  customer ornaments. This avoids ornament breakage and loss. The ornaments are kept in safe custody (safe rooms or strong rooms) with adequate security measures in the branch. There is 24 X 7 surveillance of the branch with help of our security partners.

 

Is there any maximum and minimum limit for availing Gold Loan? What about the tenure of the loan, lock-in period?

SMC Gold loans can be availed for any amount between Rs. 5,000/- to a maximum of Rs. 25,00,000/-. Loans can be availed for a period of min 6 months to max 12 months. Our gold loans have a minimum lock period of 7 day.

 


 
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For more information
please write to us at
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Home > Channel Financing    
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Gold Loan

In times when financial flexibility is paramount, SMC Finance brings you a hassle-free and swift solution to meet your immediate cash needs. Our gold loan product is designed to empower you with quick access to funds while leveraging the security of your valuable gold assets.

 

 

Testimonials

SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.

Mr. Arvind Pal

Testimonials
SMC has offices throughout India, so we can reach clients efficiently practically anywhere.
Our personalized service and streamlined documentation gets your product to you faster.
Mr. Arvind Pal
FEATURES

Gold Loan +91-70260 00426

  • Maximum Loan-to-Value (LTV) ratio
  • Quick Processing – Experience swift approval and disbursal
  • Minimal Documentation- hassle free access to funds
  • Attractive rate of interest
  • Flexible payment options
     

 


Benefits

BENEFITS

 
  • Financial empowerment
  • Customer centric approach
  • Free insurance up to 1 Lakh
  • No processing fee
  • Secure and Transparent
 
 

 

 

 

ELIGIBILITY

 

- 18ct-22ct of gold jewellery

- Bangles, Chain, Ear rings, Rings, necklace, etc.

- Jewellery shall be self owned

- No loan granted against gold coins, gold bullion, gold bars etc.

- only gold value will be considered (excluding Stone weight)

 
  • Indian Citizen
  • Individual
  • Age : 21-75 years
  • Max. LTV : 75% of value of Gold
  • Acceptable Jewellery:
    • Min. Loan Amount : ₹ 5,000/-
    • Max. Loan Amount : ₹ 25,00,000/-

SERVICE CHARGES

15th June 2023

DOCUMENTATION

  • KYC Documents

- Aadhaar Card

- PAN Card (Mandatory if Loan Amount >  50,000)

- Nominee Details

- Mobile No. (will be validated using OTP)

- Customer has to be present in the branch

 

  • Bank Details (mandatory, if disbursement is made in bank A/c)
  • Gold Ornaments
  • Loan Kit to be signed at branch

Gold Loan Auction Process

MONEYWISE FINANCIAL SERVICES PVT. LTD.

Bidder Terms and Conditions

 

Sale of gold jewellery / ornaments (“Gold”) pledged with Moneywise Financial Services Pvt. Ltd (“MWFSPL”) by its borrowers with respect to gold loan provided by MWFSPL.

 

  • The auction is being held on an “AS IS WHERE IS BASIS and AS IS WHAT IS BASIS and NO RECOURSE BASIS”. MWFSPL and its officers or employees the authorized officer shall not be responsible in any way for any third-party claims/rights/dues in relation to any of the Gold
  • Earnest money deposit of ₹ 50,000/- shall not bear any interest.
  • The bidder should not be related to MWFSPL (or any of its group companies or related entities).
  • Inspection of Gold will be permitted to the interested bidders on the date of auction and on scheduled auction site. No objections, claims or references will be entertained in relation to the Gold after the commencement of auction proceedings.
  • The bidder shall not amend, modify, or withdraw its bid once it is received by MWFSPL. MWFSPL shall be entitled to forfeit the EMD if the bidder amends, modifies or withdraw the original bid without the consent of MWFSPL. MWFSPL may however allow for the bid to be revised to a higher price at the time of the auction at its sole discretion of MWFSPL.
  • MWFSPL will open the bids received on the auction date, and the highest bidder will be announced as the successful bidder subject to deposit of the remaining bid amount (after adjusting the already paid EMD). The bid amount to be paid either upon the completion of the auction or by the date communicated by MWFSPL. If the balance bid amount is not paid within the timeline as communicated by MWFSPL, MWFSPL shall be entitled to forfeit the EMD and cancel the sale or MWFSPL shall have the right to consider and accept the payment from the next highest bidder. If a fresh auction is being conducted and the defaulted bidder wishes to participate, their participation is subject to the discretion of MWFSPL. & such person will have to deposit the EMD, as may be stipulated by MWFSPL and shall have no right to claim the forfeited amount.
  • Every bidder must provide an Authority letter if represented on behalf of the company or another individual. Additionally, the representative and the bidder are required to submit KYC documents, including PAN Card and Aadhar Card, as specified by MWFSPL. These documents will be duly verified by MWFSPL.
  • The successful bidder shall, subject to authorised officer’s approval, take delivery of the auctioned Gold from the authorised officer as communicated by MWFSPL upon payment of total bid amount.
  • The authorised officer and MWFSPL reserves the right to refuse any or all bids or defer or cancel or withdraw or postpone the auction or remove any Gold from the auction without prior notice and without assigning any reason whatsoever
  • The communication of acceptance of any bid by MWFSPL to the bidder shall be in a form and manner acceptable to MWFSPL
  • MWFSPL has the right to reject the bid at any time without assigning any reason.
  • MWFSPL may accept a bid, in full or part and with or without further conditions to the sale.
  • The bidder shall take the delivery of the auctioned Gold within 2 (two) working days of MWFSPL receiving the complete sale price (together with any charges and expenses).
  • The sale price is exclusive of any taxes and the bidder shall be liable to pay such other taxes as may be applicable.
  • MWFSPL cannot accept cash payment towards the EMD / sale consideration.
  • The decision of MWFSPL with regards to the terms and process of auction shall be final and binding on the bidder.
  • Submission of bid is construed to be your deemed acceptance to the above terms and conditions and the transaction is governed by the same.
  • In case of dispute regarding the auction, the decision of MWFSPL shall be final. The auction shall be subject to the jurisdiction of the Courts of the branch / district where the Gold was deposited is located.

 

FAQS

What is a gold loan?

A gold loan is a loan obtained after pledging gold jewellery as collateral to a gold loan bank. The loan amount is calculated on the basis of the quantity and purity of gold.

 

Can I release a part of my gold?

Yes, you can. Once you have paid the amount based on the value of the gold, you can partly release your gold.

 

Where can I repay my loan amount?

You can pay your SMC gold loan through the app , or through UPI payment or visit your branch to pay the amount in cash. As a regulatory requirement we cannot accept third party payments.

 

How much time does it take for loan approval and what is the gold loan interest rate?

Maximum processing time to disburse SMC Gold Loan is max. 30 mins. You can get the best attractive interest rate with SMC Gold Loan based on the Gold loan scheme suitable to your requirement.

 

How will the value of my gold be calculated?

The value of the gold is calculated in accordance with the per gram rate in the market. Therefore, the amount will be gold loan per gram of gold jewellery to be pledged with SMC Gold Loan. While evaluating the weight of the jewellery, only the gold parts are calculated and the stones and other metals are not considered.

 

What is the kind of security against which I can avail the loan?

You can avail the loan against the pledge of your household ornaments. The loan offered shall depend upon the purity level of your ornaments and the net weight of gold content.

 

Can I avail loan against my gold bullion (coins, gold bars, gold biscuits etc)?

As per regulatory guidelines, we are not permitted to finance against the pledge of your gold bullion, bars, biscuits, coins or raw gold. For more information on the type of ornaments that can be accepted as pledged for gold loan purposes please visit your nearest branch of SMC Gold Loan

 

How do I know that my gold is safe with you?

Our staff follows strict operating guidelines while handling  customer ornaments. This avoids ornament breakage and loss. The ornaments are kept in safe custody (safe rooms or strong rooms) with adequate security measures in the branch. There is 24 X 7 surveillance of the branch with help of our security partners.

 

Is there any maximum and minimum limit for availing Gold Loan? What about the tenure of the loan, lock-in period?

SMC Gold loans can be availed for any amount between Rs. 5,000/- to a maximum of Rs. 25,00,000/-. Loans can be availed for a period of min 6 months to max 12 months. Our gold loans have a minimum lock period of 7 day.

 
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