Are you thinking about paying your medical expenses without emptying your savings account? Getting intimidated by so many different loaning schemes and not able to decide which one is the best option for you? Business going through some rough time and you need extra financial help? Then we are here to help you. With Gold Loan Bharatpur you can quickly get the required funds to turn your dreams into reality. As you are providing collateral against the loan amount banks and NBFCs are more than willing to present to you the loan amount at much lower interest rates.
About Gold Loan
Gold Loan is secured type loan. Your gold is pledged to the lender as collateral against the loan amount. If you have gold items you can avail loan from banks or any financial institution by keeping gold as security.
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Gold Loan Bharatpur Interest Rates
10.70% is the annual interest you will get on these loans. Therefore, the monthly interest rate comes out to be less than 1%. Borrower’s gold purity and quality decide the interest rate and the loan amount. When talking about the interest rate, we must speak about foreclosure as well. The foreclosure charges range from 0-3 %.With this feature, you can easily take the possession of your gold ornament back before tenure ends.
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Benefits of Taking Gold Loan over Personal Loan
- Relatively Lower interest rates- Another advantage of making 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 just the attention during the tenure of the entire gold loan, and at the end of tenure, you can spend the whole borrowed amount in a single shot.
- In addition to this, taking a gold loan is hassle-free as well as fast process
- Moreover, it comes with flexible repayment options and bank lets you decide how you want to pay the loan amount back.
- Besides, this loan has special offers such as Less interest rate on the female customer.
- This loan is available for both salaried and self-employed applicant. Therefore, they can use the loan amount according to their needs.
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Gold Loan Bharatpur Eligibility
- Applicant’s Age must be above 18 years and below 65 years
- Applicant must be an Indian citizen
- Minimum gold must be 10 gm to avail gold loan
- Gold must be between 18 carats to 22 carat
- A gold loan can be availed only on jewelry
Know More - Gold Loan: Factors to Remember
Documents for Gold Loan Bharatpur
- Identity Proof: Voters ID card/ Driving License /Passport Copy
- 2 passport size photographs.
- Address Proof: Passport copy/Trade license /Shop & Est. License/Sales Tax certificate/
- Ration card/ Tel, Electricity Bill/ Rental bill
- Signature Proof: Banker's verification/Cheque /Passport Copy/Driving License.
Why one should choose Gold Loan in Bharatpur?
- Simple Procedures.
- Fast Loan Approvals.
- Easily available.
- No credit checks.
How to Apply Gold Loan Bharatpur Online?
- Firstly, visit our website that is Dialabank
- Secondly, the applicant has to fill a form Online which involve necessary information.
- After this, you will get a call back from our Relationship Manager to clear all doubts as well as to assist you in the entire process of the Gold Loan.
- Next, the applicant can check his /her eligibility for further clarification of the approval of a gold loan.
- Moreover, Submit all the documents need as proofs in the bank.
- Gold loan is approved in some minutes and disbursed within a day.
- Lastly, call us directly for any quires at 9592046860, to clear any doubts.
Bharatpur is a city in Rajasthan, India. It was first considered being an impregnable city and was the capital of Jat kingdom. It is located in Brij region 55 km west of Agra and 35 Km from Mathura. It is also administrative headquarters of Bharatpur district and division of Rajasthan.
FAQs About Gold Loan
How does Gold Loan work?
Loan on gold is very simple to understand. The Banks /NBFC provides you with funds against your gold ornament. The amount depends upon the gold weight.
Gold Loan is secured?
Yes, it is essential to note that the loan on gold comes in the category of secured loans. Because in a gold loan the applicant put their gold ornaments into the bank’s locker as security or as collateral.
What happens when you don’t repay a Gold Loan?
If the borrower is unable to return the gold loan on time, then the bank is liable to sell his gold ornaments.
To get a gold loan do I need a co-applicant?
No, to avail Gold loan you don’t need any co-applicant
Is Gold loan better than a Personal loan?
Yes, a Gold loan is better than personal Loan because in Gold Loan banks/NBFC's takes Gold ornament as well as a gold coin as collateral and in case of Personal loan it is un-secured and hence carries higher interest than a gold loan.
What is the best online platform to avail gold loan?
Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.
Is there any fee payable for the Gold Loan?
Yes, you have to pay the loan processing fee (non-refundable) as well as Valuation fee.