If you are one of those who are in urgent need of cash but does not have any resource to acquire it, then you can consider availing a Gold Loan. It is a scheme that offers monetary support to people and helps them in overcoming the financial crisis. The loan is secured in nature and demands an asset as collateral.

 Why one should choose Gold Loan in Dhar?

  1. Easy repayment schemes
  2. No hidden charges
  3. The Loan gets sanctioned in just a few minutes.
  4. The money is offered to the customer after a quick evaluation of gold.
  5. It is free from the hassle of long paperwork.

Eligibility Criteria Gold Loan Dhar

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 18 years

Maximum (at loan maturity): 70 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

Salaried

Self-employed

 

Documents Required for Gold Loan Dhar

  1. Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
  2. Address Proof: Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate. 
  3. Signature Proof: Passport Copy/Driving License/Banker's verification/cheque.
  4. 2 passport size photographs.

Additional Documents Required:

The banks generally demand the above-given documents. However few banks demand someadditional documents, which are mentioned below:

  1. Land Proof: In case of Agriculture Loan of more than Rs. 1 lac.The proof is not required for allied agriculture purposes.
  2. A Demand Promissory Note.
  3. Certificate by the Jewel Appraiser (Bank will arrange).
  4. Income Proof: Salary Certificate and Form No.16. 

 Gold Loan Interest Rates

Gold Loan Scheme

Loan Tenure / Period

The rate of Interest (p.a.)

TrueValue Loan

 12 months

12.5 % to 15.5 %

 

Features of Gold Loan Dhar

Following are the Features of Gold Loan:

  1. You can avail Loan up to Rs.1 Crore or more & up to 70% of value for any purpose
  2. You get 100% Safety & Security of your Gold Jewellery
  3. Get your Loan processed in less than 30 minutes
  4. Enjoy Anytime Liquidity.
  5.  Lower Interest Rates
  6. Simple documentation and fast processing.
  7. Overdraft limit varies depending on the market rate of gold.
  8. The interest rate is payable the only amount of the overdraft that you use.

About Dhar:

Dhar is located in the Malwa region of western Madhya Pradesh state, central India. Dhar is the administrative headquarters of Dhar District. It is located 33 miles west of Mhow. To get a gold loan in Dhar visit www.dialabank.com or call on 9592046860.