GOLD LOAN

GOLD LOAN FORM

What is Gold Loans?

Each business has its own special set of demands so we have a committed team of specialists who work
with you to figure out your work and design solutions most convenient for you specific nature.

Crontax provides a full bouquet of working capital features to help you conduct your cash flow
and assure the smooth functioning of your business.

How to apply for Gold Loans

Apply Online

Fill simple application form

We process

Your application for loan

Rates

We get the best rates for you

Approval

Loan is approved and amount credited

Advantages of Gold Loans

  • Brief and convenient process.
  • Personalised and malleable financial results.
  • Customer-adaptable services.

Minimum Requirements for Gold Loans

ANNUAL TURNOVER

> ₹ 30 Lakhs

CREDIT SCORE

TIME IN BUSINESS

12 Months

Documents required for Gold Loans

ADDRESS PROOF

LAST 2 YEARS BALANCE SHEET

LAST 2 YEARS PROFIT & LOSS STATEMENT

COMPANY REGISTRATION DETAILS

FREQUENTLY ASKED QUESTIONS

Short Term Loans

A loan which is scheduled to be paid in maximum 1 year. When your business isn’t entitle for a line of credit from financial lenders, you might still have success in getting money from then in the form of a short-term loan (less than a year) to finance your short period working capital needs.

Long Term Loans

Business Term Loans are the definitive commercial loan, commonly used for major investment in the business or in an asset addition. These loans often have fixed interest rates, along with monthly or quarterly instalments schedules and a set maturity date.

Startup Business Loans

If you have a great new business idea for the first time, and you deficit in capital? We understand getting new business loans is always challenging, but we may be able to assist you and your new business with the loans you require.

Credit Line Or Line Of Credit

Business lines of credit are literally unsecured debt, you don’t have to provide collateral or assets, which the lender can sell to claim in case of default. This concept is similar to a business credit card, but getting a cash advance from a credit card is typically pricier.

Yes, premiums paid are deductible U/S 80C, U/S 80CCC, U/S 80D, U/S 80DD and death benefits are tax exempt U/S 10(10D). This is subject to prevalent provisions of the Income Tax Act, 1961.

Yes, these days almost all insurance providers offer online purchase of life insurance. There are various no. of financial services providers offer this option through their websites, where you can compare and choose from a number of providers. The fact that people are increasingly turning to online purchases of life insurance policies signifies how secure the process is. Online purchases offer policyholders of comfort and convenience and in many cases the policies are cheaper since there are no sales agents involved.

Depending on the type of policy chosen, premiums can be paid either in a lump sum or in regular instalments.

Bonuses are offered under participating life policies i.e. policyholders can participate in the profits of the policyholder’s fund. A reversionary bonus is declared as a percentage which applies to the chosen sum assured. Reversionary bonuses can be simple or compounded bonuses. One-off reversionary bonuses are those that are paid out of one-time profits that may not occur again. A terminal bonus is the residual bonus declared on maturity or the policy i.e. if after declaration of all reversionary bonuses, there are still profits accrued to the fund, it may be paid out to the policyholder in the form of a terminal bonus.