What is the online process for applying for a festival gold loan?

The process for applying for a gold loan typically includes the following steps:

1. Visit the lending institution’s website and look for "Festival Gold Loan" or similar offers.
2. Select loan amount and tenure and provide basic personal and Know Your Customer (KYC) details in the online application form.
3. Upload scanned copies of identity and address proof and income documents as required.
4. Provide details on gold ornaments, such as weight, carat, estimated value, etc.
5. Fill in bank account details for online disbursal of approved loan amount.
6. Pay the processing fee if applicable. Some loan providers may waive it for festival loans.
7. E-sign the loan agreement after going through all terms and conditions.
8. Submit the online application and upload documents.
9. Wait for loan approval. The process is usually quite fast for festival gold loans - ranging from a few hours to a day.
10. On approval, a branch representative will contact to schedule gold valuation and final verification.
11. After the gold appraisal, the loan amount gets credited to the bank account provided.
12. Tenure, Equated Monthly Instalment (EMI) details, and payment links get updated. Repayment starts as per schedule.

The online process is quite simple, fast and paperless. However, a branch visit may be required for gold valuation before disbursal.