Income evidence is not a significant issue in gold loan acceptance because eligibility is mostly determined by the value of pledged gold jewellery. Lenders estimate the amount of loan available based on the weight, purity, and market value of the gold. After the documentation and gold evaluation are completed, the loan is finalised, and the pledged gold is safeguarded until full payback. The loan amount corresponds to the evaluated gold value.
Product Type
Product Tab
Eligibility Critertia
0