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Jana Small Finance Bank Gold Loan: How to Get Up to 40 Lakh in 24 Hours

What is a gold loan?

A gold loan is a type of loan that you can take from a bank or a financial company by pledging your gold ornaments as security. You can use the loan amount for any personal or business purpose, such as education, medical expenses, wedding, travel, etc. You have to pay back the loan amount with interest in monthly installments or EMIs.

What is Jana Small Finance Bank?

Jana Small Finance Bank is one of the leading non-banking financial companies in India. It offers various products and services, such as loans, insurance, investments, cards, etc. Jana Small Finance Bank is known for its fast and easy loan approval and disbursal process.

How to get a Jana Small Finance Bank Gold Loan?

Jana Small Finance Bank offers gold loans to eligible customers. You can get a loan of up to Rs. 40 lakh by pledging your gold ornaments (18-22 carats) as security. You can use the loan amount for any legal purpose, such as medical expenses, home renovation, education, wedding, travel, etc.

To get a Jana Small Finance Bank Gold Loan, you need to follow these steps:

  • Visit the Jana Small Finance Bank website and click on the “Gold Loan” option.
  • Enter your mobile number and the OTP sent to your phone to verify your profile.
  • You will see a pre-approved loan offer on your screen. You can accept it or choose a lower amount as per your requirement.
  • Authorize the Aadhaar-based e-KYC process to verify your identity and address. You do not need to submit any other documents, except your income proof.
  • Review the loan details, such as interest rate, tenure, EMI, etc. and agree to the terms and conditions.
  • Confirm your bank account details where you want to receive the loan amount.
  • Get the loan amount in your bank account within 24 hours of approval and verification.

What are the benefits of Jana Small Finance Bank Gold Loan?

Jana Small Finance Bank Gold Loan has many benefits, such as:

  • High loan amount: You can get a loan of up to Rs. 40 lakh to meet your financial needs.
  • Low interest rate: You can enjoy a competitive interest rate on your loan, starting from 7.25% per annum.
  • Flexible tenure: You can choose a repayment period of up to 12 months, depending on your convenience and income.
  • Minimal documentation: You only need to provide your Aadhaar card and income proof to get a loan. No other documents are required.
  • Instant approval and disbursal: You can get approval for your loan in 5 minutes and the money in your account in 24 hours1\.
  • No security or guarantor: You do not have to pledge any asset or involve any third party to get a loan.
  • 100% transparency: You do not have to pay any hidden charges or fees for your loan. Everything is clearly mentioned in the loan agreement.
  • Flexi Hybrid feature: You can opt for the Flexi Hybrid facility, which allows you to pay only interest as EMI for the initial part of the tenure. You can also withdraw and repay funds from your loan limit as per your need, without any extra charge.

How to calculate the EMI for Jana Small Finance Bank Gold Loan?

EMI stands for Equated Monthly Installment. It is the fixed amount that you have to pay every month to repay your loan. The EMI depends on three factors: the loan amount, the interest rate, and the tenure.

You can use the Personal Loan EMI Calculator on the Jana Small Finance Bank website to calculate the EMI for your loan. You just have to enter the loan amount, the interest rate, and the tenure, and the calculator will show you the EMI, the total interest, and the total payment.

For example, if you take a loan of Rs. 10 lakh for 12 months at an interest rate of 10% per annum, your EMI will be Rs. 87,920, your total interest will be Rs. 54,640, and your total payment will be Rs. 10,54,640.

Conclusion

Jana Small Finance Bank Gold Loan is a convenient and hassle-free way to get funds for your personal or business needs. You can apply online with your Aadhaar card and income proof and get the loan amount in your account within 24 hours. You can also enjoy the benefits of low interest rate, flexible tenure, minimal documentation, no security, and Flexi Hybrid feature. To know more about Jana Small Finance Bank Gold Loan, you can visit the Jana Small Finance Bank website or call their customer care number 1800-208-8787. You can also download the Jana Small Finance Bank app on your smartphone and access your loan account anytime, anywhere.

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