Bankaspot or its associate will never demand any money for getting the loan processed. Any person/institution doing so will be solely doing at their own risk. Bankaspot will not be responsible for this act. If you find any person/institute doing this; Please call us immediately at given contact numbers or mail us at

0164-2910238,70979-64000   |   SCO-2,1st Floor, DD Mittal Tower Shopping Complex, Bathinda

  • What is Gold Loan?

    Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold.

    1. Faster processing
    The foremost benefit gold loan is that, processing happens in the fastest possible manner. Some leading banks process the gold loan even just 45* minutes.

    2. Simpler repayment procedure
    Yet another benefit of gold loan happens to be its simpler repayment procedure. It’s a unique feature where the borrower to choose to repay the interest amount beforehand and the principal amount at a later stage or during the closure of the loan. This unique feature makes gold loan pretty much attractive to many.

    3. Lower interest rates
    The next benefit of gold loan is the interest factor. Gold loan offers lowered interest rates as they happen to be secured loans.

    4. Zero processing fees and documentation
    Since gold loans are given instantly in lieu of physical gold, most banks and NBFCs choose to waive off processing fees.

    5. Credit history is not an issue
    If you want to avail a loan, usually banks or financial institutions check for a credit history. If your credit history is low, they often reject loans. However, in order to avail gold loans, no such thing is required. Since the person availing loan needs to deposit physical gold with the bank, the latter does not demand credit history.

  • How do we help you to borrow right?
    • As per our mission to provide “best banking product and services according to customer needs” Bankaspot provides you the service with an unbiased platform to analyze and decide upon the best available deals in the market according to your needs
    • We offer a customized loan consulting experience to each customer as per their needs.
    • Our experienced loan consultants help you to understand which is the bank and product for you
    • We make sure that your documents are in order as per bank’s requirement.
    • We make the process smooth, efficient and easy with over the counter service.
    • We take care of any issues and quick resolution of that issue to get the loan disbursed in very short time.
  • Why Bankaspot
    • Get best offers & deals for you from our partner Banks & NBFCs .
    • Compare Business loan offers and services of leading banks and NBFCs
    • Apply with the best bank or NBFC with lower rate or interest and charges.
    • Hassle free process and easy documentation.
    • Free on door service for document pickup by Bankaspot Team.
    • Free expert guidance & advice from our dedicated team of experts.
    • We are not an agent of any particular bank/NBFC so you can also apply with the bank of your choice.
    • No any cash or hidden Fees for services which are being provided.
    • We are here to help & assist you so we understand that it’s an important decision for you because you are in immediate need of money so please be trusted that we will ensure quick processing and disbursal of your loan to fulfill your requirements.