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Gold Loan in Nizamabad

 Our life revolves around the never-ending needs. To fulfill these needs, we may require funds instantly. Gold Loan is quick and hassles free loan with minimal documentation. So, instead of keeping your gold asset in lockers you can use them for any financial need.

About Nizamabad

Nizamabad is also referred to as Indoor. It is a municipal corporation in Nizamabad District, the state of Andhra Pradesh, India. It is the headquarters of the district.

Why one should choose Gold Loan in Nizamabad?

  1. A person should have a minimum of 20 Gram gold to avail the Loan. 
  2. No penalties are involved.
  3. In-house gold evaluation.
  4. Available within a time period of 30-60 Mins.
  5. You can enjoy a maximum tenure period of 6 to 12 Months.

Gold Loan Interest Rates

Gold Loan Scheme

Long Tenure

The rate of Interest (p.a.)

True Vale Loan

12 months

12.5% to 15.05%

Features

  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. 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

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.

Can be provided in cases of bad credit history as well as low-income level.

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.

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.

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.

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.

 

 

 

 

 

 

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

Gold loan offers you the best interest rate among any other Loan. You can avail for the best interest Gold loan. The feature that differentiates Loan against gold from any other loan is that it is sanctioned within a few minutes. The documents required for this financing is quite simple. Many banks even provide easy repayment techniques.

Gold Loan Procedure:

Step 1. A borrower needs to submit a short application form to the Lender with Gold assets.

Step 2. The lender analyzes the assets offered by the applicant (including the purity and weight of gold).

Step 3. The Loan is sanctioned after checking the authenticity of the gold.

*The whole process takes 10-15 minutes or an hour.

How to Apply?

Visit our website

www.dailabank.com

Other Leading Gold Loan Providers in Nizamabad
Manappuram Gold Loan Axis Bank Gold Loan HDFC Gold Loan Other Gold Loan Providers

 


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