Choose From Leading Banks, Guided by Our Expertise
The Choice Advantage
Checking lenders isn’t just about chasing a lower rate — it’s about improving your overall financial health. Here’s how you benefit:
- Access to multiple banks & NBFCs under one platform
- Competitive interest rates through side-by-side comparisons
- Faster approvals backed by established lender partnerships
- End-to-end assistance with paperwork and documentation
- Transparent process with no hidden charges or conditions
- Guidance from experts with 10+ years of loan experience
Clear Path Checked
Before applying for a gold loan, it’s essential to understand the eligibility criteria and how lenders assess your application. At Money Basket, we make this process effortless — helping you check your eligibility across multiple banks and NBFCs instantly. Instead of visiting different lenders or comparing terms on your own, our experts guide you through every requirement, explain what influences loan approval and valuation, and help you prepare your documents to ensure a smooth experience.
- Age: 18–70 years
- Employment: Available to both salaried and self-employed individuals, including traders, professionals, and farmers
- Gold Purity: Minimum 18 to 22 karats; the loan amount depends on the purity and weight of the pledged gold
- CIBIL Score:Not always mandatory, but a good credit history can help you secure better rates
- Documentation: Basic KYC (PAN, Aadhaar, proof of address/income if required)
Paperwork Simplified
Documentation is often the part borrowers find most confusing, but with Money Basket, the process is made simple. We guide you on exactly what each bank or NBFC will ask for, help you organize the paperwork, and ensure there are no missing pieces that could delay approval. By preparing your documents in advance, you get faster processing, smoother verification, and quicker access to funds.
- Identity Proof (PAN, Aadhaar, Passport, Voter ID, Driving License)
- Address Proof (utility bill, Aadhaar, Passport, rental agreement)
- Income Proof for salaried & self-employed
- Photographs (applicant/co-applicant)
- Employment Proof (appointment letter, employer certificate, business registration)
The Clear Path
Getting a balance transfer loan doesn’t need to be complicated. At Money Basket, we break down the process into simple, clear steps so you always know what comes next. From the moment you enquire to the day your loan is disbursed, our team guides you, coordinates with banks/NBFCs, and ensures your application moves forward without unnecessary delays. The result: a smoother, faster, and more transparent balance transfer loan journey.
- Initial Consultation – Understand your loan needs and assess basic eligibility.
- Bank Comparisons – Explore offers from multiple banks and NBFCs side-by-side.
- Application Submission – Choose the best option based on multiple banks/NBFCs and submit your application.
- Document Verification – We help organize and forward your paperwork to the lender.
- Approval & Sanction – The bank reviews your application and issues a sanction letter.
- Loan Disbursement
