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Gold Loan in Andul

Gold Loan is the best option available for the loan seekers at very best interest rates. Several financing authorities are available in market dealing with these Loans. He/she should go for the best deal with the best offer available. Gold Loan is the only loan in the market which could be available within 5 to 10 minutes with an ease. In India, several lending institutions, private banks, and credit unions are available that provide Loan against Gold at the low-interest rate.

About Andul

Andul is a town in the Sankrail block under the Sadar sub-division in Howrah district, the Indian state of West Bengal. Andul is a local hub of commercial and industrial activity within and around Sankrail block. It is considered as one of the developing towns in Howrah district. It had a population of 5677.

 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 Jeweler
  3. Get your Loan processed in less than 30 minutes
  4. Enjoy Anytime Liquidity.
  5.  No EMI, Service only Interest and enjoy the Loan facility
  6. Lower Interest Rates
  7. Simple documentation and fast processing
  8. Overdraft limit varies depending on the market rate of gold.
  9. The interest rate is payable the only amount of the overdraft that you use.

Advantages of Taking a Gold Loan

  1. No income and salary criteria- Gold loans do not require any documentation or validation for income or salary of the person. So even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return of the money.
  2. Can be provided in cases of bad credit history as well as low-income level.
  3. Relatively Lower interest rates- Another advantage of taking a gold loan is that they are available at low-interest rates, say 12-16% annually in comparison to the personal loans interest rates of 15-26% per annum.
  4.  You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
  5. Total Convenience- The most convenient of all the loans is a gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.
  6. Less processing time- No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.

 Documents Required for Gold Loan

Borrower Identity

Proof of Identity

Residence Proof

Signature Proof

Two passport size colored photographs

Two passport sizes colored photographs.

 

Ration card/ Tel, Electricity Bill/ Rental bill/ Passport.

Passport Copy/Driving License/Banker's verification/

cheque

 

Additional Documents Required

The banks generally demand the above-given documents. However few banks demand some additional

Land Proof

Demand Promissory Note

Income proof

In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.

Certificate by the Jewel Appraiser (Bank will arrange).

Salary Certificate and Form No.16.

 

 

 

 

 

 

Rate of Interest

Gold loan scheme

Loan Tenure

Rate of Interest

True vale loan

12month

12.05% to 15.05%

Best Rate on Gold Loan

Collateral Required

Loan Tenure

Max Funding

Pre Closure Charges

Gold Jewellery / Gold Bars

6 Months / 12 Months (can be renewed up to 3 Years)

Up to 90% of Gold Value

0 % to 2 % of the outstanding loan amount

Conclusion
  1. Gold Loan is an easy and simple way to get instant finance. It is a 30 minutes disbursal product.
  2. Gold Loan is the best Loan to overcome you're immediate as well as short-term needs.
  3. The documentation process for this loan is quite simple.
  4. There are no credit checks needed for this financing
  5.  A person suffering from bad credit score even avail for a gold loan. The interest rate offered in Loan against gold is less compared to other Loan.

How to Apply?

Visit our website

www.dailabank.com

 

 

Leading Gold Loan Providers (Click to Apply)
Manappuram Gold Loan

Muthoot Gold Loan

HDFC Gold Loan Other Banks

 

REMINDER SERVICES EMI CALCULATOR

GOLD LOAN INTEREST RATE