jewel loan interest calculator

Jewel Loan: Steps To Apply For Jewel Loan In India

Are you in the market for a new piece of jewelry but don’t have the funds to purchase it outright? A jewel loan could be a great option for you! Here we will walk you through the steps to apply for a jewel loan in India. Keep reading to learn more! 

When it comes to getting your hands on some amazing jewelry pieces, taking out a jewel loan is always an option worth exploring. This type of borrowing allows you to secure money against your precious assets to get that necklace or ring you’ve been eyeing finally. 

Of course, when it comes time to take out any loan, certain steps must be followed to ensure the process goes well.

How to apply for a jewel loan in India?

If you are looking to take out a jewel loan in India, there are a few things you will need to do to apply. First, you will need to find a bank or financial institution that offers jewel loans. Once you have found a lender, you must complete an application and provide the required documentation. The lender will then evaluate your application and determine your eligibility for the loan. If approved, you will be given a loan amount and required to make monthly payments.

The interest rates and other charges associated with Jewellery Loans 

The loan size and the jewelry’s value will also affect the interest rate. In general, the larger the loan and the higher the value of the jewelry, the lower the interest rate.

The jewel loan interest calculator can help you estimate your monthly payments and compare different interest rates. When shopping for a Jewellery Loan, it’s important to compare offers from multiple lenders to ensure you’re getting the best deal.

The interest rate on a Jewellery Loan is usually higher than the interest rate on a personal loan from a bank or credit union. But, depending on the value of your jewelry and the size of your loan, the cost of a Jewellery Loan may be lower than the cost of a personal loan.

The documents required to get a Jewel Loan

Most jewelers will require some form of photo identification and proof of income and employment. Some jewelers may also require a credit check. The interest rates on jewel loans are typically higher than traditional bank loans but lower than those of other short-term lenders such as payday lenders. The repayment terms of jewel loans are also shorter, typically ranging from one to six months. Here are some documents that are required:

1. A duly filled and signed loan application form

2. Your identity proof (Aadhar Card/ Passport/ Driving License/ Voter ID)

3. Your address proof (Aadhar Card/ Passport/ Driving License/ Voter ID)

4. Your age proof (Aadhar Card/ Passport/ Driving License/ Voter ID)

5. A passport-sized photograph

6. Your income proof (salary slip, bank statement, ITR)

7. Your employment proof (offer letter, appointment letter, salary slips)

8. Your asset proof (property documents, investments, insurance policies)

9. Your liability proof (loan documents, credit card statements)

10. A jewel appraisal report from a registered value

How to repay your Jewellery Loan?

There are a few different ways to repay your Jewellery Loan. You can make payments online, by mail, or in person at a store. You can also set up automatic payments, so you don’t have to worry about making them yourself.

If you’re unsure how you want to repay your loan, you can talk to a representative from the company. They can help you determine the best way to repay your loan based on your circumstances.


Jewelry loan is one of the most popular types of loan in India. Both resident and non-resident Indians can avail it. The loan can be used for personal, business, or investment purposes. Jewel loan can be availed from banks, NBFCs, and other financial institutions. The interest rate on jewelry loans is higher than other types of loans. The maximum loan amount available under jewelry loan is Rs.1 crore. The repayment period for a jewelry loan is 5 years.

A jewelry loan can be a good option for those who need quick cash and do not have any other collateral to offer. However, one should be aware of the high-interest rate and the repayment period before availing of this loan. Use the jewel loan interest calculator to determine the amount you have to pay monthly.

Author Bio:

This is Aryan, I am a professional SEO Expert & Write for us technology blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests

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