If a person is not salaried but still needs financial support for fulfilling certain demands, then Gold Loan is the best alternative. The approval for Gold Loan does not require any income details and hence the person can avail the loan for various sorts of requirements. The only thing demanded by this loan is the gold possessed by the person.

Why one should choose Gold Loan in Bikaner?

  • Low Interest Rates.
  • No prepayment charges.
  • No need of cosigner.
  • Fast Loan Approvals.
  • Easily available.

Gold Loan Bikaner Interest Rate :

In general loan on gold, the credit is available at a low interest rate. Moreover, the reason behind that the gold loan comes in the category of secured loans. So the Gold interest rates are less than that of personal loan or any other kind of loans. Though the gold loan rate keeps on changing time to time as well as person to person. 
1. The gold loan is available at 1% PM interest rate.
2. Gold Loan Interest rate - 10.70 %.
3. Moreover, offer low processing fee that is  0.85%.
4. Further, pre-closer charges range from  0 – 2 %.
 

Gold Loan Ajmer Documentation

  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.

 

Features of Gold Loan Bikaner :

  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 Jewelry
  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.

Know More - Top Reasons why Gold Loan is the best borrowing option

   

About Bikaner:

Bikaner is located in the northwest of Rajasthan. This city was founded by Rao Bika. It has developed into the fifth largest city in Rajasthan from its small origins. Gold Loan in the following nearby cities of Bikaner are :

 

Gold Loan Nathdwara Gold Loan Udaipur Gold Loan Barmer
Gold Loan Ajmer Gold Loan Baran Gold Loan Chomu
Gold Loan Alwar Gold Loan Jhunjhunu Gold Loan Bharatpur
Gold Loan Jaipur Gold Loan Nagaur Gold Loan Churu
Gold Loan Jodhpur Gold Loan Sikar Gold Loan Hanumangarh
Gold Loan Kota Gold Loan Sri Ganganagar Gold Loan Nimbahera

 

FAQs About Gold Loan 

  1. 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.
  2.  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.
  3. 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.
  4. To get a gold loan do I need a co-applicant?
     No, to avail Gold loan you don’t need any co-applicant 
  5. 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.
  6. 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.
  7. 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.

Gold Loan Interest Rate of Different Banks - Updated on 2019

 
Bank  Gold Loan Rate 
HDFC Bank 10.75%
Yes Bank  10.85%
Axis Bank 10.90%
SBI Gold Loan 11.50%
ICICI Bank 11.75%
IIFL Gold Loan 11.75%
Allahabad Bank Gold Loan 11.75%
Muthoot Gold Loan 12.00%
Federal Bank Gold Loan 12.00%
Manappuram Gold Loan  12.25%
IDBI Bank 12.25%
PNB Gold Loan 12.25%

 

 

 

 

 

 

 

 

 

 

 

 

* For any assistance regarding Gold Loan, call us on 95920-46860, our trained Relationship Managers will solve all your queries.