Process To Obtain A Gold Loan
This is the process of pledging your gold with the bank and get the loans depending upon the quality of gold and the amount of gold loan needed.
The charge for evaluation is generally borne by the borrower.Once the evaluation and the paper work for mortgage is done Banks will ask you to produce personal documents such as Pan Card, address proof among other things.While the requisite documents for a Gold Loan differ across lenders, most normally require no more than a proof of income or address.
The interest rates between a Gold Loan and a personal loan can differ by as much as 5-8 per cent for the same amount loaned.
The lender will give you a loan which in most cases can be up to a maximum of 90% of the value of the Gold. After having repaid the loan, you get your gold back from the lender.
Considering the advantage a Gold Loan offers in terms of a rent-free locker, a little bit of juggling can even help you save renting a locker for your jewels.
|Leading Gold Loan Providers (Click to Apply)|
|Manappuram Gold Loan||Reliance Gold Loan||Other banks|
|REMINDER SERVICES||EMI CALCULATOR|
Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as a information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.
Should you opt for gold loan from a bank or an NBFC?
When you apply for Gold Loan, the first question that comes to your mind is why gold loan, when there are other options which can offer you the required funds. The answer to this question is the ease and convenience with which this loan is processed and disbursed that score over other loan options. Also, it is offered at much lower interest rates as compared to unsecured loans. The reason behind the easy and simple processing of this loan is that being secured loan financial co... read more
Gold Loans: Convenient and Easy...!!!
Your Precious Gold Ornaments are Safe with Gold Loans...!!! GOLD LOAN is given in opposition to Gold. Most private banks, National banks and other financial institutions provide these loans at appealing rates. Some people take this loan to meet short term requirements like Daughter’s wedding, Children education and other financial needs. Some people think, rather than keeping gold at the house it would be better to take Loan against Gold. read more
Banks still preserve their edge over NBFCs in Gold Loan Race
GET THE CHEAPEST GOLD LOAN IN JUST 5 MINUTES Call us on 600 11 600 (Single Number across 18 Cities)
RBI Increased NBFCs Gold Loan Limit to 75 per cent
Mumbai Jan 9 : People who want to avail Gold Loan can borrow more as Reserve Bank of India on Wednesday allowed Non Banking Financial Companies to lend up to 75 percent of the amount of metal from 60 per cent at present. RBI said, "It has been decided to raise the LTV (Loan-To-Value) ratio to up to 75 per cent for loans against the collateral of gold jewelry from the present limit of 60 per cent with immediate effect".