This is a process of pledging your gold with the bank and get the respective funds depending upon the quality of gold and the amount of gold loan needed. It is the best way of getting fund for a shorter period. Get Instant Cash in just 45 minutes against your Gold Jewellery rather than keeping it idle at home and fulfill your requirements.
About Gold loan Coimbatore
Gold Loan is the best way to get cash in a shorter span of time. This loan is secured against gold ornaments. Borrowers deposit their gold with the lending banks and get money on the value of that gold. Turn your Gold into Cash rather than keeping it idle at home. Apply Online and Get Approval in just 3 minutes.
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Gold Loan Coimbatore Interest Rates
Gold Loan interest rates usually are 1% per month. However, these rates fluctuate from time to time. Besides that, the purity and quantity of the gold ornaments also pay a significant role while deciding the gold loan interest rates. In addition to these, the required loan amount is also a factor while determining the gold loan interest rates.
It also comes with foreclosure facility meaning you can close the loan amount before the tenure ends, allowing you to skip the remaining EMI's and their respective interest rates. The foreclosure charges range from 0-3% of the total loan amount — pre-closure facility.
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Why should one choose Gold Loan in Coimbatore?
- Less paperwork.
- A person can avail a minimum Loan amount from Rs 30,000 and onwards.
- A person should have a minimum of 20 Gram gold to avail the loan.
- No penalties are involved.
- In-house gold evaluation.
Documents Required for Availing Gold Loan Coimbatore
- Proof of Identity: Passport Copy/ Voters ID card/ Driving License.
- As a proof of address Ration card, Electricity bill, Rental bill, Trade license can be used.
- Passport/ Cheque/ Driving license etc. are the documents can be used as signature proof.
- Two passport size photographs.
Additional Documents Required
- Land Proof: In case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.
- A Demand Promissory Note.
- Certificate by the Jewel Appraiser (Bank will arrange).
- Income Proof: Salary Certificate and Form No.16.
Why is Gold Loan said to be one of the best loaning options?
Following are the Features of Gold Loan:
- You can avail loan up to Rs.1 Crore or more & up to 70% of the value for any purpose
- You get 100% Safety & Security of your Gold Jewellery
- Get your loan processed in less than 30 minutes
- Enjoy Anytime Liquidity.
- No EMI, Service only Interest and enjoy the Loan facility
- Lower Interest Rates
- Simple documentation and fast processing.
- Overdraft limit varies depending on the market rate of gold.
- The interest rate is payable the only amount of the overdraft that you use.
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How to Apply for Gold Loan Coimbatore 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.
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Coimbatore also was known as Kovai is located in Tamil Nadu. It is famous for its textile mills, educational institutions and manufacturing goods. It is the healthcare and manufacturing hub of Tamil Nadu and is well linked by road, railways, and air.
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.
Is gold loan 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 the Gold loan you don't need any co-applicant
Is Gold loan better than a Personal loan?
Yes, a Gold loan is better than a 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.