How It Works
We test the karat and weight of your gold.
We provide a quotation valid for the day.
Receive your money on the spot.
Pay the principal plus interest and pick up your gold
Make an interest payment to extend your loan
We accept all types of gold.
Gold Bangles / Bracelets
Our Google Reviews!
This was my first time at AU Bullion, it was a great experience. I had ordered online, and went instore to pickup up some PMs while I was there. I dealt with Kunal who offered a great walk in (in store) pricing, this was dependent on what was available in stock. He also gave me his time and discussed PMs and the Pros and Cons of the different refiner brands.
Feb 9, 2024
Great prices great service
Feb 7, 2024
Best place to buy gold and silver. Great prices, super fast shipping and very knowledgeable staff. Would highly recommend.
Feb 7, 2024
Amazing service and very easy to work with! Thank you!
Feb 7, 2024
Gold Loans: What They Are and How They Work
Gold has traditionally been a popular investment. Gold jewellery might help you secure a loan as well as be a smart investment.
What’s A Gold Loan?
Borrowing money from a lender while keeping your gold as collateral is called a gold loan. The lender will assess your gold items’ market worth and lend you a proportion in cash. You pay off the debt with interest over time.
Gold loans provide fast, no-credit-check funding. Make sure your lender is trustworthy, open, and regulated.
How Do Gold Loans Work?
The technique is simple.
- Simply bring your gold to the Au Bullion to get a loan. Gold bars, coins, necklaces, bracelets, rings, chains, pendants, and other jewellery are all accepted. Your ornaments will be appraised in person to determine your borrowing limit. You can use our online calculator to estimate the loan amount. Not to worry! We treat everything like our own, so nothing gets scuffed or broken. We definitely make sure our clients’ belongings are taken care of.
- Get a free quotation to evaluate if it’s suitable for you. Our interest rates are the lowest. Based on loan type and amount, our interest rates start at 3.5%.
- Finally, you can claim the money in cash or via bank transfer.
That’s enough for a gold loan. For processing, all you’ll need is a picture ID or sometimes you need to give a second picture ID as well. Loans normally take 10–15 minutes.
Repayment Terms and Tenure
Credit cards, payday, and line of credit loans are based on income, credit score, employment history, and financial relationships and have high-interest rates. Gold loans are based exclusively on the collateral’s worth. Financial records, employment verification documents, or credit cards are not necessary.
Au Bullion offers cash, debit, pre-authorized banking, internet, and mobile banking from all major banks in our sites for easy loan payback. You may easily repay us with our easy payment plan.
- Partial principal payments reduce your debt each time. This lowers your loan interest rate. Any partial payment before the loan term ends will return some of the gold points you promised.
- To close the loan, it will take just five minutes, you can pay off your loan and be on your way with your gold.
For the Tenure, the gold loan minimum term isn’t set. Your term is up to you. Before payment is due, we will call or email you a reminder. During the loan process, you can set and change preferred communication connections.
Available Gold Loan Types at Au Bullion
Different gold loans depend on loan amount and duration. What your gold is worth determines the loan amount, and you can choose short or long terms.
Advantages of Gold Loans
Gold Loan Benefits: – Flexible Terms: Select a payback period that fits your needs and budget. Shorter terms reduce interest, longer terms lower monthly payments.
Compete: Gold loans have lower interest rates than unsecured personal loans or credit cards.
Fast: Gold loans are one of the fastest ways to get cash. Funding is available 15 minutes after application. Rapid gold assessment and loan approval.
Credit Impact: Gold loan applications don’t check credit or history. The lender evaluates gold collateral, not credit.
What exactly is a gold loan?–
A gold loan is a secured form of lending where individuals pledge their gold items as collateral to secure funds from a lender and the loan amount is determined by the value of the gold.
What types of gold do you accept?+
We accept all types of gold, from rings, chains, pendants, necklaces, bracelets, and other jewelry to gold bars and coins.
Is a credit check necessary?+
No, there are no credit checks. You can just drop in your gold and take out a loan without doing any credit checks.
How is the money given?+
You have the right to take the amount in cash or transfer it to your bank account.
How Long does it take to process the loan?+
The loan process usually takes 10-15 minutes.
What document do I need?+
You will only need a photo ID to process your gold loan or in some cases, you have to give 2nd photo ID also.
Is there a minimum or maximum loan?+
There is no limit on the amount of loan. It just depends on the value of the gold you give to us as collateral.
What is the interest rate?+
We offer the lowest interest rates starting at $20.00 per month for loans of $1000.00, or just 66 cents per day.
How will I repay the loan?+
We offer multiple payment options at our locations including cash or debit, and payments via online or mobile banking from all major banks.
What is the term of the loan?+
We don’t have a fixed minimum term for gold loans. You have the flexibility to choose the term that suits you.
What makes a gold loan different from other types of loans?+
Traditional loans like lines of credit, credit card loans, or payday loans are based on a variety of personal factors such as income, credit score, employment history, and existing financial relationships and generally carry a high-interest rate.
However, a gold loan is based solely on the value of the gold you offer as collateral. No credit cards, employment history checks, or bank statements are required. This unique feature makes our Gold Loan program popular.
Gold loan eligibility?+
If you are a legal adult and own gold, you are eligible for a gold loan. Bring your gold to us and we will soon determine how much loan amount we can sanction. It’s a straightforward process.
Credit Reporting and Credit Impact?+
We do not contact credit agencies or provide information on gold loans. Your gold debt is kept completely confidential and does not show up on your credit report. Also, existing debt, credit card debt, or other debts will not affect your eligibility for a gold loan. No credit score, proof of income, or bank statement is required.
Are there different types of gold loans?+
There are various types of gold loans depending on the amount of the loan and the term of the loan. The loan amount is determined by the estimated value of your gold, and you can choose between short and long terms.
What is the cost of borrowing/interest rate?+
Our interest rates start at 2%, calculated based on the type and amount of the loan. You have the freedom to choose the term of the loan based on your preference.
How safe is my gold with Au Bullion?+
We take extreme caution in safeguarding your gold. We use commercial bank standard security for safekeeping your gold. Also, we insure your gold for its assessed value with a major insurance company at no cost to you.
Will I get a reminder of an upcoming payment?+
Exactly. We will send you a reminder and contact you via phone or email before the payment is due. You are free to set preferred communication connections during the loan process and change them whenever necessary.
Can I make partial payments to reduce my primary loan?+
Yes, you have the option of making partial payments towards your principal, which reduces your overall debt each time. This also reduces the interest rate on your loan. You can make a partial payment at any time before the end of the loan term to get back some of the Gold points you promised.
How do I close the loan?+
It’s straightforward. Just pay the loan, and you can get your gold from the branch in just 5 minutes.
How do I determine the loan amount for my jewelry?+
It’s a simple one. You can use our online calculator to estimate the loan amount or contact us by phone at 905-605-6757 or +1-604-676-4838.