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Read the step by step process on How to lease your gold and increase the returns on your gold investment with Jar App. Feel free to reach out to us if you have any more queries.
Gold leasing is a process that involves leasing your digital gold to jewellers. The jewellers hold on to it for a certain time period and use it as part of their daily business.
Throughout the leasing process, you remain the owner of the gold. The jewellers are liable to pay you interest for the gold they have borrowed from you.
Steps On How To Enable Gold Lease -
- Start by launching the Jar App on your device. Ensure that you have the latest version of the app installed for the best experience.
- From the home screen, scroll down to locate the "Rewards and More" section, you’ll find the “Lease Gold” option here, tap on it.
- On Selecting the option you would be directed to the Gold X screen. Here, you'll see two main options: "New Leases" and "My Orders."
- Stay on the default "New Leases" screen. At the bottom of the "New Leases" screen, you'll find a "Get Started" button. Tap on this button to begin the leasing process.
- You'll now be directed to the “GoldX Lease Plans” page.
- On the GoldX Lease Plans you'll find filtering options: "All," "Available," and "Closed." These options help you refine your search based on specific criteria.
- Review details like partner information, interest rate offered, minimum gold to lease, and lock-in period. Once you've decided on a suitable partner, tap on "Select."
- On doing so you'll be directed to the order details page. On this page, you have two options to choose from: "Add Value in Rupees" or "Add Value in Grams." Enter the desired amount in rupees to calculate the equivalent value in grams, or vice versa.
- After selecting the appropriate quantity or amount, tap on "Proceed".
- The order summary page will display crucial details, including quantity and payable amount. Make sure to review this information thoroughly.
- Ensure that all your details are accurate and up-to-date. If needed, click on the "Verify Your Details" option located below the payable amount.
- Read through the terms and conditions carefully. If you agree, tap on "Agree."
- Finally, tap on "Pay and Lease" to complete the process.
If you want to know more, visit the Jar Website's FAQs Page.
Jar App is an Automated Savings Platform that invests your spare change from online transactions in 99.5% pure Digital Gold, that is totally secured in world-class vaults and insured by top banks of India.
It only takes 45 seconds to set up the account and you can Start Saving & Investing with just Rs 10.