Easy Payments:
The main advantage of buying gold coins on EMI is that you can spread a large expense into easy monthly payments.
Calculate Your Personal Loan EMI
What are Gold Coins on EMI?
Using a Personal Loan from Hero FinCorp, you can purchase certified jewellery or gold coins on EMI and repay their cost in fixed monthly amounts instead of making a lump sum payment. EMI divides the costs into affordable instalments, generally at attractive interest rates and helps you manage your cashflow while purchasing gold at the same time.
Advantages of Personal Loan to Buy Gold Coins on EMI in India
You can avail of these advantages by purchasing gold coins on EMI through a Personal Loan:
Cost Availability
The cost is spread over your chosen duration so you can get the coins you want with the gold purity you require without making the total payment upfront.
Budgeting Scope
EMI is fixed and predictable, which allows better planning for both your expenditure and your savings.
Room for Premium Products
You can gain access to buying higher karat gold coins or gold jewellery via instalments.
Price Lock
When you buy a gold coin, you pay today's price upon purchase. During your tenure, you never need to pay more than the price agreed during your purchase irrespective of whether the price for gold increases.
No Design Compromise
Choose desired weights and finishes without compromise.
Online Convenience
Apply, verify KYC (Know Your Customer) details, and track repayments, all digitally, for a seamless EMI experience.
Flexible EMI Plans of Personal Loan to Buy Gold Coins on EMI
Hero FinCorp EMI plans to purchase gold coins to make gold purchases more affordable by splitting their cost into easy instalments. With multiple gold coins EMI options available through various tenures, you can use a personal loan EMI calculator to choose a plan that suits your budget and repayment capacity. Here’s a look at the gold coins 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 |
Personal Loan Eligibility Criteria to Puchase Gold Coins on EMI
Anyone fulfilling the basic eligibility conditions is entitled to apply for gold coins on EMI, which includes the following at Hero FinCorp:
| Eligibility Criteria | Details |
|---|---|
| Age | 21 to 58 Years |
| Citizenship/Residential Status | Indian Citizen Only |
| Type of Employment | Salaried & Self-Employed |
| Minimum Monthly Salary | Rs 15,000 |
| Minimum Work Experience | Salaried: 6 Months | Self-Employed: 2 Years |
Hero FinCorp requires KYC and income documentation to determine your repayment capability. In general, the stronger your income and credit history, the better is the chance of obtaining approval, with a bigger loan amount with lower interest.
Personal Loan Documents Required for Gold Coins on EMI
Any salaried or self-employed person interested in purchasing gold coins on EMI can apply for a Loan at Hero FinCorp if they meet the personal loan eligibility criteria . Now you can go with a 100% digital process just take the below documents to get instant verification.
- Pan Card
- Aadhar Card
Instant Personal Loan Interest Rates & Charges for Gold Coins on EMI
At Hero FinCorp, the personal loan interest rates are competitive and other charges are minimal. Check out the details.
| Charges | 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 | Rs 350 |
| Interest on Overdue EMIs | 1–2% of the loan/EMI overdue amount per month |
| Cheque Bounce | Fixed nominal penalty |
| Loan Cancellation | Online loan application does not charge any cancellation fees Interest amount paid is non-refundable Processing charges are also non-refundable |
Why Choose Hero FinCorp Personal Loan to Buy Gold Coins on EMI?
Getting a loan for gold coins India is extremely easy and accessible through Hero FinCorp. The key differentiators in financing gold coins via Hero FinCorp are fast approvals, minimal documentation, competitive interest rates, and flexible repayment tenure through a paperless online process. Dedicated customer support and clear terms will allow you to lock today's gold price and spread payments, all without a compromise on design and purity.
How to Apply Personal Loan to Buy Gold Coins on EMI Loan with Hero FinCorp?
Here’s how to apply for a Personal Loan to purchase gold coins on EMI from Hero FinCorp.
- 1
Open the Hero FinCorp website/personal loan app
- 2
Go to the personal loan page and click on the 'apply now’ button
- 3
Enter your mobile number & authenticate your mobile number with the OTP
- 4
Choose the loan amount
- 5
Validate the KYC details to check for income eligibility
- 6
Just click on ‘Submit’ to complete your loan application
What Our Customers Say About Us
❝
I needed funds urgently for a medical expense, and Hero FinCorp was a lifesaver. I applied on the app, uploaded my documents, and got approval for Rs 3 lakh within minutes! The money was credited the same day. The process was completely digital, which saved me a lot of time. I could choose an EMI plan that suited my monthly budget. The app is smooth and easy to use. I could track everything in real time. It truly makes borrowing stress-free and transparent. Highly recommend it for anyone needing quick and reliable financial support!
Rohit Malhotra, Chandigarh
★★★★★
❝
When my payment for my destination wedding was due, I turned to Hero FinCorp. Their instant personal loan process was unbelievably fast, with approval and disbursal! No long paperwork, no branch visits, just a few clicks on the app. I loved the flexible EMI option, which let me plan repayments comfortably. The entire journey felt professional and transparent. I got timely updates on every step through SMS and email. This kind of service is exactly what busy working professionals like me need. I’m a happy customer and will definitely use them again when needed.
Ankita Desai, Ahmedabad
★★★★★
❝
The instant personal loan is truly instant! No phone calls, no physical paperwork, just a simple, guided process on the app. I took Rs 2 lakh for my higher education fees, and the flexible EMI plan made repayment stress-free. The best part is the option to prepay through the app, helping me save on interest. I’ve already recommended it to my friends and colleagues. Definitely a trustworthy solution for quick and easy financing.
Shweta Bansal, Delhi
★★★★★
❝
I took a personal loan for my sister’s wedding, and the experience was excellent. The approval was instant, and everything was explained clearly, no hidden charges or last-minute surprises. The iOS app is smooth. I will confidently recommend them to anyone needing funds quickly without the stress of traditional bank loans.
Karan Mehta, Pune
★★★★★
❝
When our car broke down unexpectedly, we needed funds quickly. Hero FinCorp’s instant personal loan was the perfect solution. The application process was 100% digital and very easy to follow. I chose a 24-month EMI plan that fits our household budget. The auto-debit feature works perfectly, so we never miss payments. It feels good to know there’s a reliable solution available when emergencies strike. It has made borrowing a completely stress-free experience for us.
Deepika Nair, Kochi
★★★★★
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Frequently Asked Questions
Once you receive the amount of your Personal Loan, you can use it for whatever you want. Hero FinCorp doesn't interfere with what you do with the Personal Loan as far as you repay the EMIs on time.
Yes, GST on gold coins is part of the bill price when buying the coin as it is added to the purchase before invoicing. You must apply for a loan amount after you calculate the total cost including the GST.
As soon as you purchase gold, the price depends on the gold price on the day of purchase. You can rest assured that when the price of gold increases or fluctuates, the EMIs remain unaffected.
Yes, Hero FinCorp guarantees safe, protected transactions. KYC and secure payment gateways provide additional layers of protection to your money. As always, you need to check the credentials of the online platform you are buying gold coins from.
As soon as you obtain the loan, you can search for discounts or offers while buying gold coins.
Hero FinCorp offers flexible tenures from 12 to 36 months. Changes mid-way may be allowed subject to approval, revised EMI schedule, and applicable charges.