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Gold Loan Ernakulam

 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.

Why one should choose Gold Loan Ernakulam?

  1. A person should have a minimum of 10 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

The interest rates are very much less as compared to unsecured loans. It takes only 30 minutes to get disbursed.

Gold Loan interest rate

10.50% onward

Processing fee

1.50%

Lone Tenure

3month to 36month

Loan Amount

RS.18k to RS. 1cr

The purity of eligible gold

18carat to 22carrat

 

Gold Loan Ernakulam 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.

 

Gold Loan Eligibility Criteria

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 21 years

Maximum (at loan maturity): 60 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

salaried

self-employed 

 

Advantages of Taking a Gold Loan

  1. 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.
  2. Can be provided in cases of bad credit history as well as the low-income level
  3. 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.
  4. 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.
  5. 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.
  6. 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

Two passport size colored photographs

Proof of Identity

Passport Copy/ Voters ID card/ Driving License/Adhar card/ PAN card.

Residence Proof

Ration card/ Tel, Electricity Bill/ Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate.

Signature Proof

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

In the case of Agriculture Loan of more than Rs. 1 lac. The proof is not required for allied agriculture purposes.

Demand Promissory Note

Certificate by the Jewel Appraiser (Bank will arrange).

Income proof

Salary Certificate and Form No.16.

 

Best Rate on Gold Loan

Collateral Required

Gold Jewellery / Gold Bars

Loan Tenure

6 Months / 12 Months (can be renewed up to 3 Years)

Max Funding

Up to 90% of Gold Value

Pre Closure Charges

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.

About Ernakulam

Ernakulam represents the eastern one of the double places Ernakulam - Kochi in Kerala in India. The town is the most urban aspect of Kochi and has given its name to the Ernakulam district. Ernakulam is known as the professional investment of Kerala. If you need a gold loan in Ernakulam is very easy just you have to fill the form and we assure you that we will provide you best interest rate on your gold.

Gold Loan Procedure

  1. A borrower needs to submit a short application form to the Lender with Gold assets.
  2. The lender analyzes the assets offered by the applicant (including the purity and weight of gold).
  3. The Loan is sanctioned after checking the authenticity of the gold.
  4. The whole process takes 10-15 minutes or an hour.

How to Apply?

Visit our website www.dialabank.com  call us for more details95920-46860

Other Cities Near Ernakulam Where Gold Loan is Available

 

 

Gold Loan Kozhikode Gold Loan Trivandrum
Gold Loan Lalganj Gold Loan Ernakulam
 

 

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

 


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