Welcome to the Gold Sea application homepage! We hope you find our product description helpful. Gold Sea is a user-friendly loan application for Android devices, available for download on the Google Play Store. We provide quick and easy loans for individuals aged between 18 and 65. To expedite your loan process and receive an instant loan, please have your Aadhaar card and bank card ready, as these are essential for qualification.

Loan Product Details

1. Loan Amount:

• Available loan amounts range from ₹10,000 to ₹1,00,000.

2. Tenure:

• Flexible repayment tenures from 95 days to 365 days.

3. Annual Percentage Rate (APR):

• The APR varies between 20% and 30%.

4. Service Charge:

• Service fees range from 10% to 15%.

5. Age Requirement:

• Applicants must be at least 18 years old.

6. GST Applicability:

• GST is applicable on the fee components as per Indian laws.

Note: Charges and repayment tenures are based on the customer's creditworthiness and repayment ability.

Example Calculation

To better understand the loan terms, let's consider an example:

• Loan Amount: ₹10,000
• APR: 20%
• Loan Duration: 180 days
• Processing Fee: 10%

Interest Calculation:

Total Interest=₹10,000×20%×180/365=₹986.3\text{Total Interest} = ₹10,000 \times 20\% \times 180 / 365 = ₹986.3

Processing Fees + GST:

Processing Fees + GST=₹10,000×10%+(₹10,000×10%)×18%=₹1,180\text{Processing Fees + GST} = ₹10,000 \times 10\% + (₹10,000 \times 10\%) \times 18\% = ₹1,180

In-Hand Amount:

Loan Amount−(Processing Fees + GST)=₹10,000−₹1,180=₹8,820\text{Loan Amount} - (\text{Processing Fees + GST}) = ₹10,000 - ₹1,180 = ₹8,820

Total Repayable Amount:

Loan Amount+Total Interest=₹10,000+₹986.3=₹10,986.3\text{Loan Amount} + \text{Total Interest} = ₹10,000 + ₹986.3 = ₹10,986.3

In this example, if you borrow ₹10,000 at an APR of 20% for a tenure of 180 days, the interest payable would be ₹986.3. After deducting the processing fees and GST, the in-hand amount would be ₹8,820, and the total repayable amount would be ₹10,986.3.

How to Apply for a Loan with Gold Sea

1. Download the App:
   • Install the Gold Sea application from the Google Play Store.
2. Register:
   • Use your personal details to create an account.
3. Provide Credentials:
   • Prepare and upload your Aadhaar card and bank card for verification.
4. Submit Loan Application:
   • Complete the loan application process.
5. Receive Funds:
   • Once approved, the loan amount will be disbursed to your bank account.

Why Choose Gold Sea?

1. Easy Application Process:
   • The loan application process is straightforward and user-friendly.
2. Quick Approval:
   • Fast processing and approval ensure you get the funds you need promptly.
3. Flexible Tenures:
   • Choose a repayment tenure that best suits your financial situation.
4. Transparent Charges:
   • Clear and transparent fee structure with no hidden charges.
5. Secure Transactions:
   • Your personal and financial information is kept secure and confidential.