Easy, Predictable Payments
With jewellery on EMI, you break the bill down into fixed monthly instalments, making cash flow or planning easier.
Buy Jewellery on EMI
Instant Approval in 10 Minutes
Loan Amount up to Rs 5 Lakh
Easy Repayment in 12 to 36 Months
Calculate Your Personal Loan EMI
Buy Jewellery on EMI Without Credit Card
Jewellery on EMI allows you to purchase ornaments by using a personal loan and repay the cost later in fixed monthly instalments. you can finance the purchase from hero fincorp personal loan and repay in the tenure you choose. This is a common way of purchasing gold jewellery on instalments and makes it easier without paying a large upfront amount.
Why Choose Hero FinCorp for Personal Loan to Buy Jewellery on EMI?
Jewellery EMIs with Hero FinCorp make financing easy and hassle-free.
- Fast approvals with minimal documentation
- Flexible repayment tenures
- Competitive interest rates
- Transparent fees with no hidden charges
- Quick loan disbursement
- Reliable customer service
- Enables purchase of premium jewellery without upfront expense
Benefits of Buying Jewellery on EMI in India
Let’s look at the main jewellery on EMI benefits:
Personal Loan Flexible EMI Plans to Buy Jewellery on EMI
Here’s a look at the jewellery EMI plans India for various tenures:
| Loan Amount (Rs) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 5,805 | 10,298 | 1,10,298 |
| 1,00,000 | 18 | 19% | 6,088 | 15,699 | 1,15,699 |
| 1,00,000 | 24 | 19% | 6,378 | 21,185 | 1,21,185 |
| 1,00,000 | 30 | 19% | 6,676 | 26,845 | 1,26,845 |
| 1,00,000 | 36 | 19% | 6,981 | 32,646 | 1,32,646 |
Use a personal loan EMI calculator tool to calculate your instalment amount for various loan amounts, interest rates, and repayment terms.
Personal Loan Eligibility Criteria for Jewellery on EMI
Any salaried or self-employed individual is eligible to apply for personal loan to purchase jewellery on EMI. To make the purchase, you simply need to satisfy the following eligibility criteria:
| Eligibility Criteria | Details |
|---|---|
| Age | 21 to 58 Years |
| Citizenship/Residential Status | Indian citizen only |
| Type of Employment | Salaried and Self-employed |
| Minimum Monthly Salary | Rs 15,000 |
| Minimum Work Experience | 6 months (Salaried), 2 years (Self-employed) |
Personal Loan Documents Required for Jewellery on EMI
Hero FinCorp evaluates income stability and credit history before approving a personal loan. Applicants should provide sufficient documents to expedite the KYC and approval process. The documentation requirements for personal loan include the following:
- PAN Card
- Aadhaar Card
Interest Rates & Charges on Personal Loan for Jewellery on EMI
Using a personal loan Interest rates and charges for purchasing jewellery on EMI include the following:
| Charge | Details |
|---|---|
| Interest Rate | Starting at 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | ₹350 |
| Interest on Overdue EMIs | 1–2% of the loan/EMI overdue amount per month |
| Cheque Bounce | Fixed nominal penalty |
| Loan Cancellation | - No cancellation fee for online loan application - Interest paid is non-refundable - Processing charges are non-refundable |
Types of Jewellery Available on EMI
Jewellery on EMI lets you buy various types of pieces by paying in monthly instalments. Once you receive your loan amount, you can shop for gold jewellery on EMI or diamond jewellery on EMI without paying its cost upfront. Popular categories of jewellery you can buy on EMI include:
Select a karat and design based on your purity preference and budget, and opt for premium choices by spreading the cost into EMIs.
How to Apply for a Personal Loan to Buy Jewellery on EMI?
Follow this stepwise process to apply for a Personal Loan to buy jewellery on EMI.
Online Process
- 1
Go to Hero FinCorp's website or download the personal loan app
- 2
Head to the personal loan page and select 'apply now'
- 3
Enter your mobile number and verify it with the OTP you receive
- 4
Select the loan amount you want to borrow
- 5
Verify your KYC details to check the income eligibility
- 6
Click 'Submit' to and wait for approval
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Frequently Asked Questions (FAQs)
You can cancel. It is your choice of whether or not you want to use the loan amount or not.
GST and making charges on jewellery are inclusive in the bill. Therefore, you need to include them while deciding the required loan amount.
The price is fixed on purchase. Consequently, your EMI will be constant, even if the gold price changes.
Hero FinCorp employs encrypted payment gateways and digital KYC to execute payment. However, you should always take caution and verify the jewellery store's site before making a purchase.
Once you receive the loan amount, you can avail of any discounts or promotions to purchase your selected jewellery.
You can usually prepay to shorten the tenure or request restructuring to extend it. The final decision is subject to lender approval and applicable charges.